To add to the company’s apparently great many problems, a visual effects firm known as The Mill Group is now suing Faraday Future for $1.8 million it is reportedly owed, relating to a graphic presentation created for the January 2017 launch of a new electric car.
So, if one is looking for yet more reasons to be skeptical that anything is good is going to come out of the company, look no further. …
Apparently, the company was due to be paid $1,822,750 — but, to date, Faraday Future has only paid down $20,000 of that figure.
Jalopnik provides more:
“In August, the complaint says, Faraday contacted The Mill and asked the company to produce a graphic presentation ‘with virtual reality, augmented reality, and holographic components, to promote the January 2017 launch of a new electric vehicle deployed by Faraday.’
“Weeks later, The Mill delivered an estimate of $1.82 million. Faraday agreed to pay the company in three separate sums, according to the complaint.”
The work was provided on schedule according to the complaint, but Faraday Future has not made good on its part of the agreement.
“Faraday has repeatedly acknowledged that it accepts the sums owing to The Mill and its intention to pay,” the complaint reads. “However, despite repeated requests for payment and promises by Faraday to pay, funds have not been received. Instead, Faraday has only paid $20,000.00 to the Mill, leaving a total outstanding balance in the amount of $1,802,750.00.”
Not looking up for Faraday Future.
“A source with knowledge of the situation told Jalopnik that The Mill Group produced a 3D car presentation to show off the car to ‘bigwigs or celebrity type people’ and generate interest in the vehicle. The presentation — essentially a virtual tour of the car, according to the source — was slated for release prior to CES, but ‘without the money, they had to stop,’ the source said.”
I’m not going to speculate too much on things, but given the amount of money that’s been put into Faraday Future, I really have to wonder what it was all spent on. Where did it all go?
Photo by Kyle Field | CleanTechnica