The EV race just got hotter and Wall Streetâs biggest player is taking sides.
According to Faraday Futureâs latest investor newsletter (October 27), BlackRock has sharply increased its stake in the company. As of September 30, the asset giant now holds 6.8 million shares, up 1.41 million from the previous quarter.
Thatâs a 26% increase, even as Faradayâs stock price dropped heavily in recent months. In other words, BlackRock is buying the dip â and doing it confidently. âĄ
đĄ Why It Matters
Faraday Futureâs founder Jia Yueting revealed two key updates that may explain BlackRockâs move:
1ïžâŁ Faraday Finance Established
A new automotive finance arm will now provide car loans and long-term lease options for buyers of the upcoming FX model. This could make Faradayâs vehicles more accessible and support stronger sales once deliveries start.
2ïžâŁ FX Model Production Nears Launch
The company has finalized a full-set parts procurement deal and is preparing to begin FX production soon. That means the long-awaited vehicle could finally hit the road before the end of the year.
With financing, production, and investor confidence aligning, Faraday Future might be gearing up for its most important chapter yet.
đ Market Take
BlackRockâs accumulation is a major confidence signal for retail investors and EV traders alike. It suggests institutional money still believes in Faradayâs long-term vision â despite past volatility.
However, execution remains critical. The FX rollout must deliver, the new finance unit must scale, and cash flow has to stabilize. Otherwise, optimism wonât last long.
Still, momentum is clearly shifting.
đ„ From fading headlines to fresh potential â Faraday Future might just be making a comeback.