Faraday Future Intelligent Electric Inc FFI began trading on a split-adjusted basis on Monday following its 40-for-1 reverse stock split and announced a launch event for its China-US Automotive Bridge Strategy.

What you should know: Faraday Future Intelligent Electric conducted a 1:40 reverse stock split after the market closed on Friday. Trading in the stock began on Monday on a split-adjusted basis.

Every 40 shares of the Company’s outstanding common stock were automatically aggregated and converted into one share. As a result, the total number of authorized shares of Faraday Future Intelligent Electric decreased from 4,169,812,500 to 104,245,313.

The Los Angeles-based startup also announced that it will hold a launch event for its China-US Automotive Bridge Strategy on September 19. Faraday Future said it will present an implementation plan for the strategy and reveal more details about its second automotive brand at the event.

“Our bridge strategy could introduce a ‘high-performance electric vehicle at a fraction of the price’ by providing a second brand with many of the core technologies used in the $300,000 FF 91,” said Matthias AydtGlobal CEO of Faraday Future. “A secondary brand for the mass market could make the ‘AI car of the future’ the AI ​​car of the people.”

Faraday Future noted that the company has held discussions with “several leading Chinese OEMs and global suppliers” and received positive feedback on how it can help build a bridge between the U.S. and Chinese automotive industries through industrial coordination and collaboration.

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How to buy FFIE shares: Now you’re probably curious about how you can participate in the Faraday Future market – whether by buying shares or even trying to bet against the company.

Buying stocks is usually done through a brokerage account. You can find a list of possible trading platforms here. Many allow you to buy “fractional shares,” which lets you own portions of stocks without buying a whole share. In the case of Faraday Future, which is trading at $4.24 at the time of publication, $100 could buy you 23.58 shares.

If you want to bet against a company, the process is more complex. You’ll need access to an options trading platform or a broker that allows you to “short” a stock by lending you the shares to sell. For information on how to short a stock, see this resource. If your broker allows you to trade options, you can either buy a put option or sell a call option at a strike price that’s above the current stock price. Either way, you can profit from the price drop.

FFIE price promotion: According to Benzinga Pro, Faraday Future shares were down more than 21.8% at $4.02 at the time of publication.

Photo: courtesy of Faraday Future.