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Reading: Faraday Future Announces $41 Million Investment in Qualigen Therapeutics to Launch Crypto and Web3 Business
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Faraday Future Announces $41 Million Investment in Qualigen Therapeutics to Launch Crypto and Web3 Business

News Desk
Last updated: September 25, 2025 11:56 am
News Desk
Published: September 25, 2025
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Faraday Future Intelligent Electric (FFAI) is making headlines with a significant investment aimed at diversifying its business strategy. On September 19, 2025, the company disclosed a strategic investment of approximately $41 million in Qualigen Therapeutics, Inc. This initiative marks Faraday Future’s entry into the crypto and web3 sectors, with the investment structured as a private investment in public equity (PIPE).

The deal promises to grant Faraday Future and its founder, YT Jia, substantial control over Qualigen, which plans to rebrand itself as CXC10. This strategic pivot is expected to create synergies between Faraday Future’s electric vehicle strategies and Qualigen’s new focus on cryptocurrency and web3 technology. The company believes that this transition could enhance shareholder value and provide new avenues for financing.

Despite these ambitious plans, Faraday Future’s stock is currently rated as a Hold by analysts, who have set a price target of $2.00 for the shares. A recent evaluation by TipRanks’ AI Analyst, Spark, categorizes FFAI as Neutral, highlighting a complex picture for potential investors.

The analysis reveals that Faraday Future’s stock score is weighed down by poor financial performance, which poses considerable risks. While there have been some positive developments in corporate events and sentiments expressed during earnings calls, these factors are often overshadowed by the company’s financial instability and bearish technical indicators. As such, FFAI is categorized as a high-risk investment, with potential for recovery contingent upon improved financial management.

Faraday Future, based in California and founded in 2014, aims to create a global shared intelligent electric mobility ecosystem. The company’s flagship model, the FF91, exemplifies its commitment to a user-centric and technology-driven approach, aimed at disrupting the traditional automotive industry. Furthermore, Faraday Future is working on expanding its lineup to include mass production models that integrate luxury technology at more accessible price points.

As it stands, Faraday Future’s stock is characterized by an average trading volume of over 17 million shares and a current market capitalization of approximately $242.9 million. The stock’s technical sentiment signal currently indicates a Sell, which is likely to reflect investor caution amid the ongoing financial challenges the company faces.

For more insights into FFAI stock, resources are available on TipRanks’ Stock Analysis page.

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