Faraday Future's $25 Million Robotics Pivot Contained a Footnote

Faraday Future announced a twenty-five million dollar pivot into robotics. The announcement included financial projections, technological capabilities, and market timelines. Page forty-seven contained a footnote. The summary materials distributed to investors and media did not include page forty-seven.

Companies in capital-intensive industries occasionally place material information in locations designed not to be read. This is standard practice. The footnote presumably addressed something. The something was deemed appropriate for disclosure but not for emphasis.

Investors and creditors will eventually request page forty-seven. At that time, either the footnote will be explained or the company will explain why explanation is not possible. The robotics pivot will proceed or will not. Page forty-seven will remain the document it has always been.