After mortgaging its headquarters, Faraday received 14 million dollars in the future, and now the factory problem that has been delayed for a long time has finally been implemented.
Recently, Faraday rented a 55 year old factory called Hanford Business Park in Hanford, California. The previous owner was Pirelli Tire, but it has been idle since 2001. This factory is 200 miles away from Faraday's future Los Angeles headquarters. Although its total area is about the same as that of the previous Nevada factory, with 1 million square feet, the actual usable area is only 700000 to 800000 square feet.
This factory is expected to bring 1300 jobs. Faraday will have a hard time in the future, but this may be a good omen.
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