Faraday Future (FFIE), which rose 21.34% last weekbonus888casino.US) soared nearly 100% again at the beginning of the session todaybonus888casino, the stock price returned to the $2 mark. It is reported that Faraday's future surge is related to Biden. On May 14, the Biden administration announced that it would impose a four-fold tariff on imported electric vehicles from China, increasing the tax rate from 25% to 100%. On the same day, Faraday Future's share price surged 367%.
Some media said that Faraday will be the only Chinese-backed electric vehicle concept stock developing locally in the United States, and may also be the only electric vehicle stock that will not be affected by the ban. Therefore, it may create huge imagination space for the value of mergers and acquisitions and attract hot money hype.
