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Billionaire Behind LeEco (& Faraday Future) Slashes His Pay To 1 Yuan Because Firm Is Running Out Of Cash From Rapid Expansion

November 8th, 2016 | by James Ayre

Following on our earlier report that Faraday Future was behind on the payment of a $21 million deposit to the construction firm AECOM, the billionaire behind the electric vehicle firm, as well as LeEco and reportedly now Atieva to some degree, has released a letter to employees at LeEco admitting that the tech giant was running out of cash because of rapid expansion



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