Event Brief
Sep 3, 2026 at 9:00 AM ET
Faraday Future pivots from EVs to humanoid robots
By The BriefBrief
Faraday Future, based in El Segundo, says it is shifting from high-end electric vehicles to AI and humanoid robots for education, housework and companionship. The company’s earlier push to become a next Tesla failed, and its $300,000 EVs have struggled to attract enough buyers as its stock fell more than 99% from 2021 peaks.
WHO: Faraday Future; company executives; skeptics
WHAT: Faraday Future pivots its business focus from $300,000 electric vehicles to AI and humanoid robots, including dancing robots, positioning the firm for the global robotics race.
WHEN: Reported Sep 3, 2026 at 6:00 AM ET
WHERE: El Segundo, CA
WHY: After its multibillion-dollar bid to become the next Tesla failed, the company is redirecting its EV expertise and infrastructure toward humanoid robots.
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