Faraday electric car startup The future of the future is not very handsome

This Faraday Future 91 electric vehicle that looked so promising just a few years ago will probably never be made for the masses – and certainly not here by 2019.

The rival California-based rival Tesla has suffered many setbacks, but none have been as severe as those announced this week.

In a statement sent on Tuesday, Faraday Future confirmed that two executives, Pete Savagian and Nick Sampson, had left the company. "We wish them the best of luck in their future projects," reads the statement.

But that gets worse from there.

All employees who joined the electric car start after May 1st must take leave (leave without pay) for November and December. People hired previously may opt for leave or continue working regularly, but at a lower salary. Health benefits will continue. It is also not guaranteed that the leave will be completed by December.

"It was an extremely difficult decision to make," reads the statement.

The money problems result from a complex investment by the Chinese company Evergrande Health Industry Group, which pledged $ 2 billion. In early 2018, she donated $ 800 million as the company's lead investor. Then the fighting comes and goes.

In July, Faraday Future said his company would invest sooner than expected. But that never happened. FF states that the investor prevents the company from accepting other financing and tries to take control and ownership.

Last week, the company said it was victorious in front of the Hong Kong International Arbitration Center and an arbitrator ruled that Evergrande could not block the funding sources. Last week, FF also laid off workers.

The leave statement continues: "We continue to seek additional financing from investors around the world as we strive to retain our staff and suppliers."

The Verge got emails from the company stating that the "reduced level of compensation" was $ 50,000. Sampson reportedly said in an email that leave "will essentially shut down the company".

It is almost sad to watch the company's Twitter page, which continues to publish optimistic articles about its car production. The website still has a "reserve" button to be one of the first to receive a FF 91.

The future is dark.