Faraday Future seeks to raise capital after massive Q2 loss

Faraday Future, maker of the long-delayed FF91 EV, re-upped its commitment to raising funds while reporting Tuesday that its second-quarter operating losses more than quadrupled.
The company posted an operating loss of $137 million for the second quarter, compared with $28 million for the year-ago period. Overall, its second-quarter financial report paints a grim picture.
With still no vehicle to sell and little near-term prospect for generating revenue, the company has warned several times this year that it is running out of money.
The perennially cash-strapped company now has even less cash

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