The automaker isn't dead yet, and hopefully its mainstream EV is more successful than the $249,000 luxury model.

Faraday Future's ambitious plans for affordable EVs just got a financial boost. Find out how much funding it secured and what it means for the new FX line.

Faraday Future Intelligent Electric ( (FFIE) ) has shared an update. Faraday Future has secured approximately $30 million in financing, consisting of $22.5 million in cash and $7.5 million converted from previous loans.

N o, that's not a typo: automotive company Faraday Future has just secured a $30 million investment. That's right, the brand that started out more a decade ago with grandiose plan