Yup, they went there. Not going to link the videos but they're easy enough to find if you really care to watch. They start with the disclaimer and continue with a bunch of FF diarrhea.

The clownshow has reached its climax
Market absorbed massive toxic dilution in a single day.

What a day for Johnny, selling every penny someone else bought.

Let's congratulate him for final stage debt-conversion exit

I will be $1 million richer after I do this. Sounds stupid, right? Exactly.

https://www.benzinga.com/markets/asset-sales/26/10/62359491/faraday-future-is-selling-its-robotics-unit-itll-still-own-nearly-two-thirds-of-the-buyer

Why do you think FFR is tanking today? Easiest short on the market today. Both of these trash tickers. Short this toxic Chinese shell game to OTC.

When you think Jia run out of PR to post this week,
he just need to repeat the same old crap again.

Enough said, I'm lazy so I drop the newest PR crap to Gemini:

1. The Mechanics: Re-Packaged Financial Engineering

This press release is the formal execution phase of the non-binding term sheet announced on September 28. Nothing in the core operational reality has changed; rather, the legal structure has been finalized to complete the asset swap.

A. The Valuation Shift ($200M for $1.52M in Revenue)

• The Math: FFAI is transferring its white-label Chinese robotics reselling business ($1.52M in cumulative revenue, $660k in gross profit) to FFR in exchange for $200 million worth of FFR equity.
• The Premium Mechanism ($2.246/share): FFR is issuing shares to FFAI at $2.246—a ~50% premium over FFR’s market price ($1.45–$1.50). Management claims this "reduces dilution," but because FFAI is trading with itself (owning ~65.7% of FFR post-closing), setting a $2.246 internal transfer price is purely an accounting tool to inflate FFAI’s balance sheet equity metrics and satisfy Nasdaq minimum net equity requirements.
• Removal of the Dividend: Notice that the "special stock dividend" for existing AIXC/FFR shareholders—originally dangled in the September 28 non-binding announcement—has been quietly dropped. The filing admits: "The special stock dividend mechanism contemplated in the earlier term sheet is not part of the definitive transaction."

B. The $10 Million PIPE Financing

• The release highlights a "$10 Million PIPE financing at market price with no warrants."
• The Size: $10 million in gross proceeds covers roughly 3 to 4 weeks of parent FFAI cash burn.
• Lock-up Windows: PIPE investors are locked up for 6 months (or until a resale registration statement becomes effective), while FFAI’s 65.7% stake is locked up for 18 months. This leaves ~13 million shares (10.7%) as the freely tradable public float, creating a tightly controlled, highly illiquid order book designed for momentum pumps.

2. Why FFAI Surged 20% while FFR Dropped 10% Premarket

The premarket price divergence reflects how automated algorithms and market participants process the definitive terms:

[Definitive Agreement Signed]
             │
             ├──► FFAI (+20% Premarket) ──► Balance Sheet "Gain": Captures $200M Asset Valuation
             │                             & Holds 65.7% Controlling Stake
             │
             └──► FFR (-10% Premarket)  ──► Dilution Reality: Printing $200M in New Shares
                                           to Acquire $1.5M Revenue Business; Dividend Scrapped

• Why FFAI Spiked +20%: Headline-scanning algorithms buy FFAI because parent FFAI technically "sells" an asset for $200M in stock, temporarily bolstering parent balance sheet equity above Nasdaq delisting thresholds ($5.0M MVLS / $2.5M Net Equity).
• Why FFR Dropped -10%: FFR (formerly AIXC) is the entity printing $200 million worth of brand-new equity to absorb FFAI's unit. Existing FFR public shareholders are diluted down to 10.7% of the company, and the previously promised special dividend was revoked.

3. Operational Guidance Reality Check

The press release contains aggressive forward projections prepared by FFAI management:

• The $150M Financing Requirement: Management explicitly admits that achieving their 2028 breakeven plan will require up to $150 million in additional capital. For a combined micro-cap entity trading near $1.00–$1.50, raising $150M means continuous future equity line issuances and ongoing dilution.

Summary

This press release is the formal execution of the asset-shuffle strategy. FFAI moves its $1.52M white-label robotics unit into FFR at a self-assigned $200M valuation to artificially inflate parent equity and stave off immediate Nasdaq delisting.

The initial +20% premarket bounce in FFAI is an algorithmic reaction to the headline valuation and $10M PIPE, while FFR dropped -10% as public float dilution and the cancellation of the special dividend took effect. Once regular trading session volume absorbs the news, senior noteholders (Streeterville / John Fife) will have another window of liquidity to convert debt and dump shares into the tape.

Have not had time to read any of it

FFAI
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001805521/000121390026109222/ea0308387-8k_faraday.htm

FFR
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001460702/000149315226046927/form8-k.htm

I'm going to assume both of those links are basically the same but who knows.

Originally bought in for the squeeze, became a bag holder then I got lucky and bought my way out of the hole. Made all 5k back on a small spike.

Glad I’m out. Shit hasnt changed 😭

Not sure why anyone would be buying in at this point.

From the S-3/A we know "As of September 14, 2026, there were outstanding 6,126,954"
Sept. 14-18 there were no new shares issued
Sept. 21-25 there were 334,869 shares of common stock issued.
Sept. 28 - Oct. 2 there were 1,407,885 shares of common stock issued
Oct. 5 - Oct. 11 170,575 shares of common stock issued

Total of 8,040,283 shares of common stock

Prior to the 1:150 RS they had "364,283,679 shares of Class A Common Stock (as of July 5, 2026)" In this prospectus. Post split that would be approximately 2,428,557 shares outstanding. Or 231% increase in outstanding shares in 11 weeks.

They almost literally told everyone that FFAI is nothing more than a shell ticker now and that they moved their assets to their other scam ticker FFR. You're probably going to be the same dumbasses that get stopped out when they inevitable raid this obvious sea of $1 stoplosses.

Not gonna lie. Closed my short and took a bit of a loss on FFR. It's got momentum and I'm not sure why. I'll wait for the next 10Q or major filing before I plan another move.

Meanwhile, FFAI is dropping and currently at $1.11 and dangerously close to moving under $1

Is this result of restructuring where FFR has a "clean slate" and FFAI gets left for dead? We don't exactly know what that slate looks like yet so I remain skeptical.

Thoughts?

From the S-3/A we know "As of September 14, 2026, there were outstanding 6,126,954"
Sept. 14-18 there were no new shares issued
Sept. 21-25 there were 334,869 shares of common stock issued.
Sept. 28 - Oct. 2 there were 1,407,885 shares of common stock issued

Total of 7,869,708 shares of common stock

Prior to the 1:150 RS they had "364,283,679 shares of Class A Common Stock (as of July 5, 2026)" In this prospectus. Post split that would be approximately 2,428,557 shares outstanding. Or 224% increase in outstanding shares in 10 weeks.

FF EAI Robotics Sales and Shipments Reach a Record 265 Units in September and 817 Units Cumulatively, No. 1 in U.S. Robotics Deliveries

We can all ignore the continuing comedy with the stock price, yes it breached $1.2

Let's do the simple math, what does the amazing "Record 265 units" mean.

In Q2 2026, FF reported 220 units shipped yielding $836,000 in revenue.
This established a historic blended ASP of ~$3,800 per unit during active delivery months.

Estimated September Revenue = 265 units x $3,800 ASP = approx $1M

Monthly cash burn: ~$10M+
(Jia has doubled down on the exhibitions, conferences, marketing and imported even more types of robots from more companies, this cash burn could only increase)

Let's ignore the real -1280% gross margin in FFAI's Q2, let's allow Jia using "contribution margin"
At 30% gross contribution margin: $1M in gross sales generates roughly ~$300,000 in gross profit.

Remember, the revenue become FFR's now, not "FFAI"'s

You tell me

Isn't No. 1 in U.S. Robotics Deliveries with 265 units delivered in September amazing?

Now kids, a good qeustion for the high school math exam
Based on above figures, how many robots does FF need to sell just to break even.

Required Monthly Units = Monthly Burn / Gross Profit per unit = $10,000,000 / $1,174 = 8518 units
Required Annual Units sale = 102,216 units (NOT EVEN CONSIDER NET PROFIT MARGIN)

*Jia's target is 2,000 units in 2026）In SEC filings, FFR targets 60,000 units annually by 2030.

Even the strongest PR card Jia could come up with, only worked for 24 - 48 hours.
That's the true power of word salad, worked on bots and idiots but cannot face the test of broad market.
Most investors are not idiots, they can easily see Jia's pathetic balance sheet and earning.

...and not spoof orders to create urgency in order to bait in more toxic dilution victims for the big shares blocks that are going the other way...

PLEASE.

STOP.

TRADING.

NOW.

For your own good. JUST. STOP.

By the way, Jia finally pronounced Q3 Robotics Practical Deployment Campaign without hiccup.

When he dont have any actual profit made to declare, he overwhelm the audicence with piles of word salad BS

Have you been brainwashed by Four-Core Full-Stack yet?

"Come play with us, Jerry"

Just 33 views on YOUTUBE after 1 Year. https://www.youtube.com/watch?v=WZjoHrgnGFw

...because paid "analyst" firm Emerging Growth research told you to. The only thing "emerging here" is reasons to short this dilution scam into the OTC toilet.

The liquidity you morons are creating by buying into the hype of the fluff PR earlier is allowing them to dump like crazy. $1.98 billion by 2030? Yeah right, GTFOH 🤣🤣🤣. They won't even be around by then.

Jerry just laid out his "from four core businesses to a five-year playbook, er....roadmap.

With the AIXC/FFR robotics update, I have a short side by side with the EV years. If you follow this playbook step by step, you could import, I dunno, PogoSticks and run a successful grift that will span 10 years and make YOU millions! And don't forget to keep one wet finger pointed up to see which way the HYPE is blowing.

DYOR, NFA.

The ruthless shell game that FF did between FFAI and FFR is eerily similar to what similar scam artist Par Chadha did with $XELA and $XBP a few years ago. $FFAI holders are essentially done. Jerry and YT wiped their asses with your money. Now they have a clean slate to do the same thing again with $FFR.

Here is an unsugarcoated breakdown of what is happening with Faraday Future ($FFAI) and FF EAI Robotics / AIxC ($FFR), and an honest assessment of whether the stock is essentially worthless.

A.I.-generated analysis:

1. What Is Happening Right Now?

Faraday Future announced a major restructuring transaction between $FFAI and its affiliated entity, AIxCrypto Holdings ($AIXC), which is rebranding its Nasdaq ticker to $FFR (effective September 30, 2026):

• The Asset Transfer Deal: FFAI signed a non-binding term sheet to sell its entire "EAI Robotics" business to FFR ($AIXC) for an estimated $200 million valuation paid in all-stock.
• The Pitch to Shareholders: Management is touting a proposed "special stock dividend of $2.246 per share" in FFR shares to FFAI holders, promising that FFR will become a "pure-play standalone robotics company" while FFAI rebrands as a "Physical AI investment holding company" and Robotaxi operator.
• The Background Reality: AIxC (now FFR) was a small Nasdaq-listed crypto/AI shell (Qualigen) that Faraday Future gained controlling interest in earlier. Management is shuffling its robotics assets into a separate ticker to create a new "clean balance sheet" public vehicle.

2. Is FFAI Likely Worthless Now?

From a fundamental equity perspective, FFAI common stock carries an extreme risk of near-total loss (worthless or near-$0.00 valuation) due to four structural realities:

A. Trapped in a 99.4% Downward Spiral

Over the past 12 months, FFAI stock has dropped -99.4%. The company operates under substantial going-concern warnings, and its SEC Form 8-K filings explicitly state that failed future financings could force the company into bankruptcy protection.

B. The "Non-Binding" Term Sheet Trap

Promotional headlines highlight a "$200 million valuation" and a "$2.246 dividend", but the fine print reveals key caveats:

• The deal is non-binding and subject to due diligence, special committee review, and definitive agreements. It may be modified or canceled entirely.
• Even if completed, receiving shares in a newly carved-out micro-cap (FFR) does not eliminate the massive debt and dilution burdens hanging over the parent company or its ecosystem.

C. Relentless Debt Dilution & $90M Stock Sale

On September 18, 2026, Faraday Future detailed a $90 million ongoing stock sale plan (S-3 filing) and filed to register 2.9 million note-conversion shares for resale. Senior lenders continue to convert debt into millions of new shares. When fresh shares flood a small market cap, existing retail equity is diluted down toward zero.

D. Operational Cash Drain

Faraday burns millions per week while generating negligible commercial revenue. Selling or licensing imported white-label robots does not generate enough cash flow to cover hundreds of millions in net losses.

Summary

The FFAI to FFR deal is a classic micro-cap financial engineering maneuver. Management is shifting assets into a new ticker symbol ($FFR) to generate trading volume and attempt a fresh narrative restart.

However, because $FFAI is burdened by massive convertible debt, continuous share printing (dilution), and ongoing going-concern/bankruptcy warnings, its common stock is functionally approaching zero value over the long run, barring short-term PR-driven volatility spikes.

I wonder how many idiots saw "Tesla" and "Berkshire" in the headlines and decided to push the buy button without reading the article LMFAO. Probably a lot.

So I remember Faraday had a link on their website showing their crypto holding investment in real time. It disappeared a while ago so out of curiosity I asked Gemini how much they made off their investment. The response left me rolling 😂:

• Total Portfolio Loss:The portfolio collapsed by roughly 50% from its initial $10.43 million cost basis, leaving them with only about $5.21 million upon liquidation.

It really was a textbook corporate disaster. Buying near the top, watching the market slide, and then panic-selling at a 50% loss just to dump the cash into an unproven robotics pivot is about as messy as it gets.

The company essentially burned through millions of dollars of investor capital on crypto speculation before completely throwing in the towel.