Faraday Future Co-founder quits, says startup is 'insolvent'
Cash-strapped Faraday Future's Co-founder Nick Sampson on Tuesday resigned from the electric vehicle startup, claiming that the company is "effectively insolvent". "I cannot continue knowing the devestating [sic] impact we are having on the lives of our employees," he said. It comes amid company laying off employees following a dispute with Faraday Future's financial backer, Evergrande Group. 