State Treasurer Concerned About Faraday

koh-no-24-news

State Treasurer Dan Schwartz repeated his concerns about financial backing for Faraday Future’s $1 billion electric car factory in North Las Vegas. Schwartz has repeatedly questioned whether a key Chinese billionaire investor, has the finances to pull off the project. Trading on the Chinese markets of Jia Yueting’s company, Leshi, halted in December and has not resumed. Schwartz says, until Faraday Future publicly discloses additional details concerning the plant’s financing and production dates, he remain concerned about its viability. Nevada economic development officials have dismissed Schwartz’s concerns. State lawmakers in December approved $215 million in tax abatement to lure Faraday.