How The Man Who Challenged Tesla Went Bankrupt

Faraday Future, a California-based electric-car startup and Tesla's once rival, generated buzz in 2015 as the company poached top talent from Tesla, BMW, Audi, Ford, and Ferrari. Called "Tesla killer," Faraday’s meteoric rise in notoriety occurred on dubious underpinnings - the company did not promise a product, nor did it announce any concrete plans for its first few years of operation. The mystery surrounding Faraday was only matched by its enigmatic cofounder and CEO, Jia "YT" Yueting, the billionaire businessman who founded multiple telecom companies in China but left abruptly to become the CEO of Faraday. We took a look at YT and Faraday Future's promise, the financial woes that led them both to bankruptcy, and YT's relationship with the reanimated Faraday today.
MORE CARS INSIDER:
The Rise And Fall Of Hummer
• The Rise And Fall Of H...
Tesla Tuning Shop Upgrades Model X Into A $175,000 Masterpiece
• Tesla Tuning Shop Upgr...
Why Tesla's Model 3 Received A 5-Star Crash Test Rating
• Why Tesla's Model 3 Re...
------------------------------------------------------
#FaradayFuture #ElectricCar #BusinessInsider
Business Insider tells you all you need to know about business, finance, tech, retail, and more.
Visit us at: www.businessinsider.com
Subscribe: / businessinsider
BI on Facebook: read.bi/2xOcEcj
BI on Instagram: read.bi/2Q2D29T
BI on Twitter: read.bi/2xCnzGF
BI on Amazon Prime: read.bi/PrimeVideo
--------------------------------------------------
How The Man Who Challenged Tesla Went Bankrupt

[@talic182]

that awkward moment you have to reapply for a job at tesla

[@alejandromansfield6867]

JayCen well they’re idiots

[@Cars-N-Jets]

JayCen Yup

[@17RedKnight]

"You could not live with your own failure. So where did that leave you? Right back to me." - Elon probably

[@saidufofanah2210]

17RedKnight 😂😂

[@B33333]

Yes! Agreed! How can they copy remake same mistakes that’s not reinventing!! Just copy from someone else then saying I make it better then let other guy goes bankrupt 😭😭😢

[@syahrifh3777]

"The success of a company depends on the choices it makes". yes, and people die if they are killed.

[@MIARACING]

Dyne Sheriff “people die if they are killed”-D.Sheiff 20’ 😊

[@mjmjmjmj4229]

MIARACING Emiya Shirou...

[@juliangomez660]

And people poop if they eat

[@DavidJohnson-rd5wy]

you're a brilliant one, that's really deep...

[@bintangsena2249]

archer class servant are really made up of archers !

[@fentarasound2914]

This man focused too much on his competition that he ended up losing direction.

[@user-cd4bx6uq1y]

246

[@alzheimersgaming6094]

He incorporated Sasukes storyline

[@kenpachi-12th34]

@@alzheimersgaming6094 😂😂😂

[@xgrapher]

you wouldn't have said that if he was successful, because you didn't say that about Tesla and tesla had almost lost it

[@xgrapher]

@@fentarasound2914 because if you did, then you're even a bigger idiot (sorry no disrespect just making a point) because Tesla makes it clear that whoever laughed on her during her tough times are nothing but clowns. Didn't you think about it before writing that counter question? check mate dude

[@hurleycapetown8420]

Don’t know why people are defending him, he preyed on small business owners with a get rich quick scheme and used unregulated channels to get funding, I don’t think it’s right to take peoples money on a high risk idea unless they know the exact risk/reward which it seems they didn’t.He fled his own country which says a lot.

[@sincotrodium7385]

Who said people are defending him?

[@hurleycapetown8420]

@@sincotrodium7385 read the comments and see.

[@Jerbt]

Same as most rich billionaires

[@hurleycapetown8420]

@@Jerbt think being a billionaire makes you rich u don’t need to say a rich billionaire.

[@eRIC-dm4ch]

Man, that guy is a crook, do a background check on him in China and you will know.

[@CL-em1tk]

He should've just bought Tesla stock with all that money..

[@ibejibenson6065]

If he invested in Tesla early last year he would be about 7 to 8 times richer, unlucky guy...

[@cutiebaliwFreedownload]

yep too late now.

[@chabland]

@@ibejibenson6065 Well he still managed to scam billions from investors, so not all bad for him i guess?

[@royalbank5567]

He could've.

[@husseinfaiz3397]

@@cutiebaliwFreedownload not really, tesla stocks fluctuate like crazy, but its getting much bigger in the longrun.

[@defeatedaxie6311]

It's like a scene in iron man 2 Tony stark vs hammer

[@fuwariiz1178]

Nana ALL aye it’s nana-

[@victorsevilla8763]

add mo ako sa ml IGN: CarbonaraVirus

[@batmeme9349]

pfp sauce?

[@thelawL]

@@victorsevilla8763 Hi Skin begger

[@victorsevilla8763]

@@thelawL i did not ask for skin i only want to make friends

[@eXtrem1s]

You dont defeat a company by copying everything they do. The fact that their company's name is inspired by a scientist shows how much they wanted to copy tesla.

[@GG-ms4qp]

Riot Games: "wut"

[@michaelsalituro9179]

Tesla copied BYD. And got seed money from U.S. Government. And has operated at a lost every year, if it was merely about producing cars and selling them. Only reason for any profit is Branding that relates to shares and Carbon Credits. Without milking the U.S. Government, Tesla would also have been out of business long ago.

[@JackAss-xo3gp]

@@michaelsalituro9179 Was that suppose to be a bad or a good thing?

[@wut9282]

@@michaelsalituro9179 I wouldn’t really say “copied BYD” but I guess they have similar ideas. And also Tesla’s are way better that byd cars lol. They have also had a profit since 2020

[@novideos9144]

they copied everything except the bankrupt part 😁

[@ceruleanmemoir]

If only he knew the power of memes and anime then he could've beat Elon.

[@yuckfou514]

You can't beat a guy who appeared in both Rick and Morty and MCU lol

[@GamingWimpGW360]

The nost reddit thing I have ever read

[@novideos9144]

@@GamingWimpGW360 after r/wooosh

[@novideos9144]

@Abdullah Faisal anime is so unrealistic

[@GamingWimpGW360]

@@novideos9144 r/GoOutsideLol

[@Derpy1969]

I don’t think tesla was ever challenged by a company that never shipped a car.

[@incognitos4342]

Eriamjh 1138 7:50

[@incognitos4342]

Neel Javia but a challenge was technically issued

[@crptc5707]

It's just a bluff, the real purpose is money laundry for high ranking bureaucrats in China.

[@incognitos4342]

Neel Javia agreed

[@FingerinUrDaughter]

to be fair, tesla never produced anything actually worth buying.

[@pepper0075]

Too ambitious and lack of focus, they didn't know if they were a car company or a tech startup.

[@Haske0]

The whole thing was a scam from the start…

[@mmoarchives2542]

should've been a tech startup, then gradually moved into the car industry once all the tech was developed, it's a dumb idea to build the product before the plans are made

[@WingedEternitys]

Franko007 were?

[@bestergester4100]

kzbin.info/www/bejne/fnKUaaKvrqxgrsk

[@sciencemanguy]

To be fair, so was Tesla. They're both a startup and a car company.

[@litnationforever4032]

"YT ventured to take on Apple and Google" now that's taking on more then you can swallow.

[@ucsucs3722]

*looks at Epic Games*

[@CounterRyu]

Elon Musk talked about how Tesla almost failed. Jia didn’t listen, he thought he was better than Elon musk

[@vip-cw1st]

This is the only comment I've liked. U got it. People in the comments aren't getting it.

[@Void_from_Abyss]

@surya prasad b nice comment😂😂

[@steven5054]

He probably thought he could get money from the government too

[@mothertruckersparadise3260]

Tesla is a failure it has not made a profit.When the subsidies to buy teslas go away the sales will drop to 0

[@mothertruckersparadise3260]

@surya prasad b His actual cash holdings are probably less than 20 billion. The corporation he owns known as Tesla Motors has never made a profit.. It doesn't matter how many vehicles he is sold he has still not made any money on them. 550000 is nothing compared to the Earth to the 68 million vehicles in the United States. You're also talking about a. Over 10 years. General Motors sells millions of vehicles a year as in tens of millions.

[@oscarguzman6440]

He had a 7 billion dollar net worth, all he had to do was live.

[@ieatgrass108]

Some people want more power wants u have some, you want more it’s just human nature.

[@oscarguzman6440]

@@ieatgrass108 its ironic isn't it the wealthiest people think like the poorest while the poorest think like the richest.

[@jonathanjacobo612]

You get drugged in wanting more. It’s just human nature to continue. It reminds me of breaking bad that the trill of it is exciting. “Selling drugs” which was the concept of the show. Same goes here, he wanted more money.

[@Evan-ve5yj]

It’s human nature to want more, even if you’re a billionaire. Ppl get bored way too easy

[@electronresonator8882]

yeah, until he actually died, or totally handicapped, he is more or less has no problem in his life sure he failed here and there, but I see poor people experience the same situation and that's truly hell for them without 7 billion dollar to support their life during those times

[@simplesimpleman]

Tried to take on Apple, Google and Tesla almost at the same time. Gimme a break.

[@diojoestar4766]

You can't complain. the dude on your profile pic is trying to go against two yonks at once. And also the admirals and Blackbeard in near future.

[@simplesimpleman]

@@diojoestar4766 Love you my man. Must be one piece fan. 😍😍. More precisely anime fan.

[@harleyworldrecord9567]

U forgot Harley :)

[@Cyrx686]

@@diojoestar4766 that was unexpected

[@diojoestar4766]

@@Cyrx686 Nor was the Spanish inquisition

[@TacoLuchador]

I remember they used to call this the “Tesla killer” 😂

[@Rayshod]

Crypto investment is great unlike the stock market and other financial market, crypto has no centralised location since it operates 24hrs in different part of the world

[@robertgary125]

You're right I think Gold and Crypto are the best to invest right now☺️

[@camielvanderveen3341]

Trading crypto with Expert hanna macko has been a game changer for me

[@textbenefitwithhannamackoo7463]

How do I contact hanna macko?

[@RebecaSantiago736]

Really y'all know her? I even thought I'm the only one she has helped walk through the fears and falls of trading

[@franciscar_binarias]

I met hanna macko last year By the first time at a conference in Manchester, I invested £ 25,000 and traded in one month making close to £ 144,070

[@isaiahholcomb3055]

Don't forget Tesla was on the verge of bankruptcy as well, so be humble.

[@zipity2782]

But they didn’t have the hype, public support, and resources and people that Tesla spent more than a decade overcoming the lack of it.

[@James42_]

Lol, Elon musk runs spaces as well,do you know how expensive rocket is???? He launched 3 at that time

[@itsalecsteica5243]

Yeah.. they were, but it's a different story.. the combustion car manufactureurs wanted to destroy tesla for being a threat to the car industry... I know what you mean, but it's a different story

[@challenger1717]

Bankruptcy is just a way for them not to pay their bills and taxes until they get back on their feet

[@theamazingparkerC]

ehh no.

[@cryptopunk888]

silicon valley is littered with people like YT. there are so many smart people with ideas. to execute the strategy is so difficult.

[@jibrankhantareen7300]

Too much soy?

[@dopemusic6414]

Z z you correct. We often only hear about the successful

[@greekguytalks]

magicians they call them.... they smoke you're money away by assuming they have great ideas that know one understands cause its a scam. Banks use to do that until 2006 so they created another industry with the stolen money from investors. They basically washing money and instead of NYC its California Silicon Valley

[@TechCrack]

Jibran Khan too much masala

[@bestergester4100]

kzbin.info/www/bejne/fnKUaaKvrqxgrsk

[@neilrotoni9170]

YT: Teslas over! Elon: Let me finish this Falcon 9 real quick

[@canthandlechange8]

his pride and the fact that he focused too much on his competition rather than his ambitions got in the way of his success lmfao

[@novideos9144]

what is lmfao about that

[@Nhatanh0475]

He focus on other too much that he forgot where he stand.

[@whenly6690]

@@novideos9144 lmfao

[@lingxiaowang6907]

He does not "go bankrupt" He was bankrupt before he even started

[@thepolymathuniverse9694]

*did not*

[@MifuneTakumi45]

If anything said to try to take on something already exists and are popular I'd already know it's gotta be Chinese. Also true that

[@prasadlahane5486]

Same goes for Japanese because Steve Jobs said so

[@Aw4yed]

The respect hasn't been killed it hasn't existed😐😂

[@arcpolar]

True, before he came to US, his LeTV has already bankrupt and he ran to US to avoid being detained. And he keep telling his investor for LeTV that he will go back to China "Next Week". He became a joke in China, his "Next Week" promise has never been fulfilled.

[@mayurdhamale4583]

We look up to Elon musk now just because he is successful now. There is no reason to downgrade this man, things don't always work the way you want.

[@freshmediaconcept]

Well said and People should check d Elon interviews. He at one point felt they wouldn’t make it himself with over $55 million of his own money

[@ke4827]

Thank you. It is saddening how quick people are to just dismiss this guy's efforts just because things didn't pan out favourably for him. The important thing is that he tried. Something which a person like Elon would really appreciate. Also Elon himself was on the verge of bankruptcy in the year 2008. But he successful made his way out of it.

[@hoangh1023]

Thank u for this comment. Yes, it's like some people love to see others fail so it makes them feel better about not even trying.

[@ayshb2150]

Not to forget they are not above foul play.

[@brianm3160]

Especially today's world of social media They want to see you fail so as they can talk about you

[@reinhart482]

Would love to hear more stories like this revealing true financial history.

[@novideos9144]

he will make them dont worry its his job

[@mslmn92]

He's like the Ja Rule of the automotive industry. and Elon is 50 Cent

[@tonyelsom6382]

@@rlc6810 Money hoarder?..yeah right..

[@Leo-jf5hz]

YT stands for "you tried"

[@tabalyagio9372]

TrqHardPvP 😂 nice

[@JupiterKnight]

Yes

[@Nero_PR]

But failed

[@prettyboyjay432]

Or KZbin

[@stiky5972]

*You tried* -so hard, and got so far, but in the end, it doesn't even matter- ...

[@real_madara]

Answer is simple: *there cannot be two Elon Musk at the same time*

[@angcil88]

There wasn't, and there isn't. He is "YT" no matter what company he builds 😂

[@haziqsembilanlima]

@gnomon goat their way of thinking are different, so Steve Jobs isn't Bill Gates and vice versa. The statement above applies well here

[@MysteriousStranger08]

@@haziqsembilanlima Thats not quite true, if your company wants to have a competitive edge in the industry them you'll need to have different thinking and objective compared to others (reason why Tesla is successful). They both operated and competed in the same market until around the the late 90s and 2000s. Both companies then found their own unique markets and dominated them.

[@xim40]

Not even in the parallel universe 😂

[@silent_takedown8216]

One shall stand, One shall fall

[@raidedcluster]

If he named his company "Edison Future", he would've become rich.

[@novideos9144]

and if I keep my name Jeff Bezos ill lose my hair

[@ahmedkotwal4970]

😂😂😂😂

[@Nhatanh0475]

Well properly :v

[@jeant6502]

I almost choked on my bread. Lmao.

[@silentstormstudio4782]

our history tells a lot of story of people from low level challenging high level and wining , like ferarri vs lamborgini .

[@SpyFromMarsZeus]

This title makes him look like he failed challenging Tesla. No, he failed everything.

[@vinodkumaraug]

@BBD Design so many people are afraid to take the very first step

[@codyeastwood6217]

@BBD Design Your mom is grammatically incorrect,

[@timmitoz1380]

I agree but he had a vision. It's just that he wanted to make a huge success out of everything instead of focusing on a selected few and making baby steps one at a time. If I were him I'd have prioritized on the car and the steaming service. The car would open up his chance to using new devices together which would eventually link up with his streaming service.

[@HaHa-gg9dl]

@Brian Hi Brian, are you Brian Lie or Brian Tanady

[@saul5891]

Brian are you calling him successful?

[@newspaperbin6763]

Their cars actually look dope.

[@abdmobashir3494]

"It looks perfect but useless" - El presidente

[@JuniorJuni070]

it looks like a honda...

[@ElectroUA]

@@JuniorJuni070 or restyled Leaf, imo

[@JuniorJuni070]

Electro UA “ restyled leaf 🍃 “ lol

[@ForceInEvHorizon]

Abd Mobashir lmao nice farcry 6 reference

[@kemalasaridina1898]

Most people think that startups have lots of money, but as a person who once worked in a startup company backed by a major group, I can assure you that their accounts are full of loans 😂

[@novideos9144]

How your startup doing now? I hope better than them

[@Naza_44]

That smart bicycle thing sounds pretty neat!

[@youtubeadmin1588]

Never heard of him and you’re being far too kind here, he’s a fraud through and through.

[@rv8804]

Thats part of the quirky chinese culture. It's a feature not a bug /s

[@youtubeadmin1588]

R V right and communism is good, not evil. They’re Not suicide nets, they’re human being retention happy nets. Just quirky chinese being quirky.

[@youtubeadmin1588]

Trang Lam it’s not pollution, it’s happy green no no juice. It’s not poisonous lead on toys killing kids, it’s happy night night time for american kid. It’s not slave wages it’s happy chinese good fortune making. It’s not toxic smog it’s happy smile clouds you say nice thing about quirky chinese lest we harvest your organs wait did I say harvest organs I meant happy cutting time u Chinese dinner we quirky chinese.

[@tiansili]

he was a visionary but lacked expertise in manufacturing and over-promised results. It's not fraudulent at all.

[@spencerwells1328]

"Never heard of him and you're being too kind here, he's a fraud through and through." How would you know if you never heard of him?!

[@leviathan3998]

Their cars looked cool as hell.

[@edgarh252]

Leviathan I mean it’s unique like the Tesla Cyber Lineup.

[@zhiliw3582]

But is didnt work

[@MadStyle1911]

Yup, and the CEO 's ego got the best of him, which ultimately caused Faraday to go off the rails.

[@vicious2811]

Cool as... what?

[@TwitchCybul]

@@vicious2811 hell

[@TinyFord1]

The world wasn’t ready that’s all. Give it 30 years then someone will do this again and succeed

[@diesel701ful]

Probably 30 years from now you will have already a lot of people selling these cars and getting a space into the market would be more difficult. It's just a matter on how you do things and what do you propose to the market. The last sentence was right: it's just a matter of choices

[@sea1tie1]

From a car guys perspective: a highly anticipated debut only to show case a very unrealistic concept car; fast forward not too long afterwards, the FF91 is revealed. As it turns out it's a forgettable $200k SUV that malfunctions in front of its first audience. Also, no factory.

[@novideos9144]

didnt understand anything

[@alonsogabriel9336]

Summary of their failure for me: Focus Financial

[@cheesecakelasagna]

For me as well, thank you!

[@idzkk]

Its not that easy

[@alonsogabriel9336]

@@idzkk summary. If you know the meaning.

[@WhereverHugo]

Yeah, he stuck his fingers in too many pies

[@MrTeff999]

Why do I keep hearing “Tesla killer” or “BMW killer”. It’s really a stupid, nonsensical phrase.

[@Nobodyss21]

Mr. Teff Chinese fake dream

[@bravodefeated9193]

they love labelling their product with bunch of nonsense

[@ClavinZKL]

And thats why they fail cause people missphrase stuff if u call an unknown company a tesla killer ofc they wont succeed

[@dankmemer2774]

Mr. Teff saying that is the same as admitting whatever it is you are the “killer” of is great in its own right.

[@bravodefeated9193]

@@SyafriMukhrizal enjoy your subpar chinese product, also tesla doesnt advertise

[@icarorodrigues8501]

"How the man that challenged Tesla went bankrupt?" He challenged Tesla, you just said it

[@aquafin3970]

Always focus in a field which you know about. Never focus on competitor success

[@gravitytown]

He just had the worst 2019: - Lost all share in FF - Filed for bankruptcy - His wife left him - His kids can't attend expensive school no more This is LIFE

[@franciscojavierpallore3534]

Le Jia went Le Broke

[@anon-le9fp]

At least he knew now his wife isn't loyal

[@kapitantutan2215]

Women choose guys who are handsome and guys who are rich nowadays

[@witheeeeeerx]

@@kapitantutan2215 Not handsome, only they choose by money

[@FearUniverse]

@@witheeeeeerx Yea. And elon musk's wife probably loves him cause of how rich he is

[@arjunbhatia7271]

Not gonna lie their cars look kinda fire

[@canaryplays1248]

Every concept car does

[@tklyfe]

These guys should stop competing with Tesla and make cars for TV. Would really reduce on the time a sci-fi movie/series takes to make.

[@RitchieGlens]

Hahaha 😂 your always commenting on videos 😂

[@Yellowscorpionx]

EƏ

[@wilfriedsteinbach8700]

leFire

[@VanilleBedat]

Trust me anyone watching this right now is in search for innovation that will change the way we work,and only the new age dream traders are willing to share and not dribble.

[@milda5020]

Do you trade? Because some of these dream traders are like ghosts, really good but almost unreachable.

[@kelly-oz2ux]

But, Why are most person being dodgy about how they made money in 2020? We all know what's been buzzing for months now, so why the dribbles.

[@VanilleBedat]

of course, most of these experts are obviously running a decentralized system with new tech, they're only willing to talk to who is ready, I know a guy tho.

[@jackie-gp3xl]

But if one has all his saving in bitcoin, it might be a bit dicey when the central governments outlaw it.... I guess i would be better suited in gold and US treasuries.

[@whatsapp4947]

@@VanilleBedat Nice trading platform.. I have seen his(Mr Elton) trading algorithm and portfolio set ups Amazingly standard.

[@buko353]

This shows that you should never get too cocky, know who is the boss

[@BadassBobY]

Tesla : *Exists* Le-eco : I am about to end my whole career...

[@real_smilegamez]

this is gr8

[@brian4461]

Lmao

[@goodboi9097]

Lol

[@Maddy-ht8pg]

under rated comment !

[@BadassBobY]

@@Maddy-ht8pg thanks

[@sauravkc7875]

He challenged tesla by watching elon musk motivational quotes.

[@dnhdfnfkrjxjxfjjggj3002]

😂😂😂😂😂😂

[@veluanandhan4105]

😂😂😂😂😂

[@zaidarif5500]

Well they Say practice untill your Idol becomes your Competitor 😆

[@dnhdfnfkrjxjxfjjggj3002]

@@zaidarif5500 true bro😂😂🤣🤣🤣🤣

[@jsthereforfun1648]

He also cheated small investors

[@mamba4942]

Business is like rolling a die, you never know which number it'll land on. All we can do is hope for the best

[@Pavfixers]

Rolling a dice*

[@TYCOIX]

@@Pavfixers die is also dice

[@ExtrusionXDesigns]

@@Pavfixers It's rolling dice or rolling a die, dont try to correct people when ur wrong. Says a lot about yourself honestly.

[@alrifat9419]

If Elon Musk had all that money when he was starting Tesla/SpaceX...

[@BananaBoySUS]

he had 107 billion from paypal ...

[@alrifat9419]

@@BananaBoySUS For two companies, not one.

[@BananaBoySUS]

@@alrifat9419 you bangla desh?

[@RayMak]

It takes more than money to beat Tesla. You'll need a crazy CEO

[@DVZM.]

Hello Mr. Mak. Have you already practised the piano today?

[@tomatocharro348]

Bruh your everywhere

[@fapking9033]

Found ya

[@sanchitmehta6513]

We met again 😂😂😂

[@pavithran5133]

@@tomatocharro348 ikr

[@JustAnNPC69]

Elon is driven by passion and vision. He was driven by money.

[@loudermusic]

elon is driven by profit.

[@herowyattm9453]

Leandro E. Louder and passion and vision

[@josephfield6903]

[insert car pun here]

[@razeenwow7157]

True

[@coluurs5660]

Leandro E. Louder that’s why tesla barely makes profit right

[@yuudesu]

Those actually looks great. Absolutely futuristic

[@creativelifewithgrace994]

stay grounded and never compete with others else, you'll lose your own direction and will lead to a great loss..but then again, with the hope he gained a valuable lesson and find a will power to move back up again carrying with him knowledge and wisdom😊

[@novideos9144]

nice quote

[@harshitjotwani7604]

Lesson's I learned: 1. Never jump industries. And focus on the one thing you do and master that industry. 2. Cash flow statement is very important. You must never neglact it.

[@john3260]

What about Amazon?

[@SoulDuckling126]

@@john3260 amazon cash flow is a whole nother level, bezos's company really big (cash & valuation) it's special case.

[@zzm2405]

what about Samsung?

[@PaulS23]

Remember that Musk jumps from digital payment to electric car to space shuttle to battery and to brain-machine interface.

[@shawnsheep5141]

If he stayed in the same one, his investors would notice it was not profitable and retracted the investment. He needed to throw out fancy ideas to bank money from naive investors.

[@Pablo-bo2ru]

Welcome to the comment section, where everybody is a 14 year old entrepreneur with million dollar advice. EDIT: My point is, if everyone is so smart and knows how to manage this and what to do, why aren’t you running a million dollar company?

[@snakeeyes466]

Dead 🤣 🤣🤣.... and true

[@SameerKhan-nd5qb]

Lol

[@hata6290]

Pablo thank you

[@MrVarunparmar]

Writing a used comment doesn't make you an adult either...

[@russyraiwalui5851]

@@MrVarunparmar stfu

[@Arkid77777]

Me: Mom, can we get a Tesla. Mom: We have a Tesla at home. Tesla at home:

[@Tea_Scott]

7:06 quite the awkward handshake 🤝

[@seekrehab]

YT just working on his new project: “LeBankrupt”

[@shawnsiya4132]

Lmao

[@johndanielesquivel1790]

Lemao

[@morningstar9198]

Lmao

[@NoteBlock110]

Lmao

[@AC-iz7eh]

Lemau

[@user-lg8gd8bl5i]

The CEO was listed by the Chinese government as a "Credit-broken person" because he owed a lot of money to suppliers and investors and did not pay back

[@blackumbrella6199]

Loan him more money then, so he could pay the previous bill, then you loan him more and on and on.

[@phillylove7290]

@@blackumbrella6199 What you said as a joke is literally how Democrats in congress think America should run

[@papaburger]

@Sychrari so what is socialism in your own words ?

[@disbsam333]

@@phillylove7290 like 80% of Chinese companies are managed this way. It's insane.

[@papaburger]

@Sychrari then what do you think is communism ? And what are the steps that you mentioned ? I have to ask because many people use those words differently.

[@Nensuzhenfo]

Fun fact: Elon musk is not the creator of Tesla. He's the head investor that has been called out to become te CEO of Tesla.

[@exoticco-6839]

Co founder

[@rene3759]

Who is the creator, why don't they praise them more? I don't understand why praise the person who gave money over the actual genius who created it?

[@anisarashid4277]

@@rene3759 well without Elon Tesla wouldn't have even succeeded

[@techbirdtv3942]

Very Informative

[@MONi_LALA]

Bruh, his company was so unfocused. No wonder he failed.

[@Laotzu.Goldbug]

The whole thing was just a CCP backed corporate subversion attempt. Unfortunately for them they backed a scam artist. I guess they're going to have to pick a new frontman for their economic warfare. edit:sp

[@justinelayug9647]

ye he just wants to take on everything

[@moonlalune8003]

Too much too early... But he's a good risk taker alright... Its just his timing...

[@Snow-xd4rv]

@@ziwer1 What happened?

[@Snow-xd4rv]

@@Laotzu.Goldbug What's a CCP?

[@charlesii5353]

He’s sorry for not paying back his investors but yet he still has 4billion, real sorry

[@jonahtillman9608]

Charles II net worth, probably not liquid cash

[@RoflcopterLamo]

Theres a difference between net worth and actual money or bank account

[@charlesii5353]

LOLOLOL LOLOL liquidate assets and pay back investors, but he won’t. He probably has enough untaxed currency in off shore accounts that he could pay investors back with, considering its probably their money....but clearly he doesn’t want to pay taxes on that hard earned “cash” just to pay back dumb ass investors....

[@lizicadumitru9683]

@@charlesii5353 yep

[@LoggyWD]

@@jonahtillman9608 all cash. He sold all of his stocks when they were high and lended back to the company. The investors own him money now.

[@najamomo5226]

The cars and bikes looks great. I hope that he indeed manages to repay at least some of the people who invested in him back.

[@norapadilla6557]

PSSSH hell na rich people lost money to a dummy oh well

[@rinkyouma2320]

I hope they become a successful company in the near future. Their cars look awesome!

[@mishaespiritu4828]

I know right, they genuinely look cool.

[@potatoteemo]

Daddy Musky

[@asdfghjklzxcvbnm6874]

error: task succesfully failure

[@laur-unstagenameactuallyca1587]

hahahha

[@ilebillybobjoe]

Ironic

[@goldsilvervscrisiscollapse4320]

basically it followed the same path as Tesla, but Tesla was already there. Also, Tesla too is burning through billions and barely scraped into profit this year. They too will fail.

[@pumahuhu365]

@@goldsilvervscrisiscollapse4320 Obviously market thinks that Tesla will survive. Barring the massive recall and earthquake in California, Tesla has probably much better chance to survive for next 5 years than FCA/PSA or Ford. If you say it will fail please put a timeline for it, because if timeline is long enough everything will fail.

[@Watchdog-vf8ug]

You know you’re a non car guy when you say “it looks like a batmobile”

[@candoalotmore]

😂😂😂😂🤣

[@jackbj]

it does tho

[@74uwu30]

You know you're a car guy when you have an ae86 profile picture

[@aries0329ab]

You know you're a car guy if you have an *AE86 TRUENO SPRINTER, COUPE, W/THE JDM VERSION OF IT, also also the fact that's you watch Initial D, so the fact that you have the panda design with the black hood, yeah you're a car guy.* ALSO ALSO: *4AGE ENGINE W/MODDED FOG LIGHTS ON THE FRONT OF THE BUMBER-* I WOULD SAY MORE IF I I havnt forgotten the specs- Oh yeah the *Fugiwara Tofu* logo on one of the sides of the door.

[@veorangejuice733]

@@74uwu30 *HACHIROKU*

[@manishsah2973]

In pubg if you blast Tesla it looks like Faraday's car.

[@cinnamonium_]

uhh does it even have a tesla?

[@manishsah2973]

@@cinnamonium_ yeah pubg mobile does have actually

[@venomycilious]

Building a prototype is easy, but making it into mass production is a whole new level... - elon musk

[@88thBusStop]

If you owe $10K, you’ve got a problem. If you owe $10B, the bank’s got a problem!

[@ambitionsskyyyy]

Lol yes

[@mohammadahmed7837]

😂😂😂😂

[@Nhatanh0475]

There is no bank, just small business investor. (take my word as a grain of saint)

[@jimindecarlo9356]

when youre 3B in debt and live in a mansion. when you're 5k in debt and live in a small apartment. #winning

[@aureliousofphoenix7811]

0 in debt. Homeless

[@ammolator]

I don’t understand. When we’re in debt we are fucked meanwhile trump, 50 cent, this guy etc file bankruptcy and still live in mansion.

[@NBASFAN]

@@ammolator filing for bankruptcy doesn't mean you're broke.

[@libertyprime9891]

@@ammolator Unlike what the flung turds and CNN would like you to believe, Orange man bad isn't broke.

[@AlexiasPlaylist]

@@NBASFAN it just means you don't want to pay back what you owe and because your rich the legal fees basically don't exist. Isn't it nice having a legal system that vastly benefits the rich far more than the poor. Silly dumb poor people pretending like they're people too

[@georgiogeorges6323]

Most people wont even try to achieve their dreams big ups to this man

[@novideos9144]

lol it wasnt his dream he just copied tesla

[@litnationforever4032]

So Elon I wasn't serious about that old car company. You know I was joking right.

[@cthulhuhopp4506]

After they went Lebankrupt they must have been leraged

[@riccards]

Lol

[@sprytez9781]

*savage *explosions

[@ItumelengS]

All because they don't have LeGM

[@hotdognobun9823]

Cthulhu hopp what does LeBron have to with this😂

[@katelynsloth5055]

le epic bro

[@dicksun512]

The car was not bad at all, only the guy was a fraud and the whole business was a doomed project from the beginning

[@410kane]

Kinda like delorean

[@Snow-xd4rv]

@@410kane What is delorean?

[@eggman5586]

The car wasn't an actual electric car. Just because it looked cool doesn't mean it's a good car.

[@Snow-xd4rv]

@Lut Haqimi What is dmc

[@dicksun512]

@@eggman5586 I think they did "release" a production car that is pure electric on a motor show but didn't really actually release it onto market as it was planned.

[@VyvienneEaux]

“LeEco” and “Faraday Future” are terrible names

[@Congobajer]

Just as terrible as "Facebook" or "Google" .. think about it.

[@amalbackerfysal9292]

@A ikr its like gogle

[@Congobajer]

@@amalbackerfysal9292 haha!

[@blackskull5164]

When you challenged an enemy that is 10X powerful than you

[@joewarner6360]

Wow, this guy owes billions and is still living a billionaires life like nothing ever happened.

[@avelus5984]

Mostly scam money. He is a thief that got away with his crimes.

[@cxx00616]

This guy owes billions and no one cares, meanwhile, my bank threatens a lawsuit when I'm $5 into the red 🤣🤣🤣

[@avelus5984]

Julie L. I feel bad for you. 😞

[@steve0826]

@@cxx00616, Well, if you are guilty of a genocide, then one life or two won't matter much ......

[@djrx2]

Unlike the U.S president?

[@Kukus-xy3gi]

YT: we'll destroy tesla Tesla: Lenope

[@hotmandead1]

Building a modular Frame that any car can use is slick !

[@JohnDoe-yx7jw]

Entrepreneurs like these don't lose they learn more from this experience and accomplish more than 100men in their lifetime. It's a business that didn't work and was badly handled it happens

[@tonycrabtree3416]

If someone is a billionaire, why would they need “investors”? Oh, yeah so you go bankrupt and they don’t lose their billions.

[@Th3Siam]

Exactly, but Elon didn't do this, he put is own money in aswell. I guess he's pretty different.

[@jst1man]

You are wrong and got the whole thing bent. If you have money you take out loans on that amount, so you don't put your money in jeopardy. The fact he defrauded lots of people is a Ponzi scheme. He should be thrown in a whole and never let out.

[@haroo86]

Would you put all of your money in 1 investment or project? Its how very smart rich people stay rich... why use your own money when you can use someone else's.

[@somerandomchannel382]

The kicker for Faraday was they couldn't carbon-copy their competition. Like QQ with ICQ. Or WeChat with WhatsApp. Tesla technology and AI-based geolocate GPS tracking service is a secret. And noone will ever unveil that secret.

[@muttenmong5509]

Tony Crabtree he worked at the local tax office so he knew the tricks and how to do it. Spot on!

[@pardin_vp6650]

Not gonna lie, the car looks doper than the Tesla tho

[@chicxulub2947]

it does!!! Much better looking design

[@karlhans6678]

Elon Musk should hire their designers.

[@50shanks]

Not hard

[@lindapaul3726]

DID YOU KNOW that the Very Large Array, based in US state of New Mexico, is made up of 27 antennas that work together to act as one giant dish? With an effective collecting area over 13,000 square metres, the VLA has been used to to make key observations of black holes and how planets are formed.

[@pardin_vp6650]

@@lindapaul3726 well no, because I don't live in the US

[@mannothot5872]

This is in fact a bruh moment

[@kaedentieu7930]

I swear I saw that sign on a car before...and I’m in Australia lol.

[@ZedekiahNS]

Elon musk: Looks like they can't handle the neutron style

[@lucky-mud]

Black Fire gaming wait this meme exists in English too?

[@ZedekiahNS]

It always did

[@adrianatgaming8640]

@@lucky-mud wait lmao you dont know it came from english?

[@lucky-mud]

AdrianAtGaming omg no I’m hispanic I only ever saw the meme being used as “no pudo aguantar el estilo neutrón”

[@siamulislam8213]

The neutron style? What does that mean?

[@ima2319]

Their logo looks exactly like Auntie Dot from Halo Reach lol “Fall of Reach”

[@quantumrain4774]

Their logo was pretty cool

[@dariusmil873]

When you try your to bash a Chinese company :)

[@treepeenbawlz1934]

cheat code who’s bashing them? you weirdo

[@mra2zee]

cheat code are you Chinese?

[@truthseeker7518]

See that logo kzbin.info/www/bejne/hYerfHhjn615ntE

[@sutats]

When you're all in, timing is key.

[@mazi_thoughts]

Answer: Elon hacked his bank account.

[@pja5194]

How to name a futuristic car company: Step 1: copy some famous scientist's name

[@aswandanawawan]

Step 2 : .......... Step 3 : Profit

[@yeahaight5683]

@@aswandanawawan south park reference that many wont get

[@neobr1ck]

Step 2: Let the guy who has been a notorious fraud in China for a long time yet totally not known to common Americans organize the stuff. Step 3: The company blows off as it should be. But you are still rewarded handsomely. A scam doesn't make its profits from its running anyway.

[@bri1085]

Edison car company soon

[@nass419]

Step two: Call the models model

[@Windows98R]

He lacked the seemingly invincible plot armor that Elon Musk possess

[@godsstrength7129]

Elon is an engineer not a businessman

[@florenciovela7570]

I've ordered the cyber truck tri motor fsd. can't wait! may order the S dual motor as well..i got lots of solar to charge both..

[@zachjames441]

Goes to show, you do not challenge or mess with Elon Musk and his baby Tesla, this guy just got served a huge helping of humble pie

[@nufsioohay]

And yet he can still live in his mansion comfortably...

[@kamuelalee]

Not if he's actually going back to China

[@nufsioohay]

@@kamuelalee he escaped China to avoid paying off debts. The fact is he gets to live in a mansion while owing billions of dollars whereas companies do what they can to get a few hundred from the lower/middle class

[@johnwhodat8135]

Not for long.

[@kamuelalee]

@@nufsioohay The report states YT is going back to China to face the consequences of his actions: He's still in trouble with Chinese law. But whether he actually goes back is another matter.

[@marcelnight1978]

He is not broke I can guarantee he still has millions in some off shore account. As for going back to China yeah right what fool would do that. That's a death sentence or life in prison being beat .

[@chaoticmist1668]

well he tried to take on everyone honestly, not just tesla.. and that was his downfall

[@frankun8755]

Honest is the thing this guy lack the most.... If you know his history on doing business at the very first hand, you will never believe his company will make any real good products at all.

[@plainmainaccount5554]

Not really. Something like that could honestly be done, but with the right people. He was a fraudster, maybe at best a crappy businessman who was only in it for the money. That was his downfall

[@GeekProdigyGuy]

@@plainmainaccount5554 and even if he was honestly trying to succeed at all these efforts, he would be ambitious to the point of foolishness. taking on Apple or Google for one major product is imaginable. simultaneously taking on every major tech company in 7+ different markets is insane

[@petersmangalisongoma2013]

Take on everyone SIMULTANEOUSLY... didnt he have a team to warn him

[@seancheng2710]

​@@petersmangalisongoma2013 When the team is on the same boat, they have tunnel vision.

[@showgirlsaroundtheworldada4484]

This ought to be good. .never heard about this before now

[@kashu2588]

Nice one

[@leifgiering]

So basically he's a Chinese Elizabeth Holmes.

[@grabasandwich]

Beat me to it 🤣

[@THEFIRE360]

At least he had a somewhat working prototype. Holmes didn't have anything

[@rongarcia2128]

🤣🤣

[@Skyfishist]

He had a successful company, then he over expanded the company which caused the trouble later on. Elizabeth Holmes had nothing to start with. Her whole scheme was a hoax. So she has nothing on him really.

[@indeedsussy7838]

No he is another Chinese copycat with support from CCP

[@lVltizzleCVFC]

“Deep pockets in China” Doesn’t seem sketchy

[@yomomma8972]

I found you

[@wildfire9280]

@Hernando Malinche How is recognizing China as a more than sketchy authoritarian dictatorship racist?

[@yummystuff7831]

Bruh it’s 2020 I thought we were past that🙄

[@archanarakesh7015]

Can somebody explain me this comment

[@Mindbandwidth]

I keep telling people, the more money you have for a start-up, the more stupid you become. See, Genius ideas comes from being handi-capped, even in college, when you run out of money for food, that's when the GENIUS comes with solutions. But i feel for them though, FARADAY VS TESLA, there is an irony there. One discovered it's potential, other applied it!!

[@Gingnose]

Not necessarily. I think the problem was they just tried to compete with Tesla while they had no visions or solutions to certain thing that tesla hasn't. It is the problem about how to distinct from other company. Just imitating the technology you'll never succeed. If you came up with different idea and confident, yes, you should invest money in it.

[@Topn08_]

Okay. So that's How someone who challenged me went bankrupt ....