Faraday Future Intelligent Electric Inc. FFI Stocks soared on Thursday, hitting multiple halts due to volatility. Here’s a look at what’s going on.

What you should know:

Faraday Future shares are trending on social media, Stocktwits, and Yahoo Finance as investors pile into the stock despite a lack of company-specific news.

The stock traded on a split-adjusted basis on Monday following a 40-for-1 reverse stock split, which could add to volatility. Investors traded more than 99 million shares in Thursday’s session, according to data from Benzinga Pro.

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On Monday, the company also announced a launch event for its China-US Automotive Bridge Strategy. Faraday Future will host the event on Sept. 19 and said it will present an implementation plan for the strategy and reveal more details about its second automotive brand.

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

How to buy FFIE shares:

In addition to acquiring a stock—or a portion of a stock—through a brokerage platform, you can also purchase an exchange-traded fund (ETF) that holds the stock itself, or by pursuing a strategy in your 401(k) plan that aims to acquire shares of a mutual fund or other instrument.

For example in Faraday Future FFIIn this case, it is the consumer discretionary sector. An ETF will likely hold shares of many liquid and large companies that track this sector, allowing an investor to participate in the trends in this segment.

FFIE price promotion: According to Benzinga Pro, Faraday Future Intelligent Electric shares are up 101.1% at $7.22 as of publication Thursday.

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Image: Courtesy of Faraday Future Intelligent Electric, Inc.