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If there is a knock on the technology Faraday Future has created since its inception in 2014, it’s that employees were given too much freedom to work since founder Jia Yueting - who is prone to lighting money on fire - set them all toward the goal of creating a vehicle that costs close to $200,000. The company has said its SUV is essentially 85 percent complete, meaning it’s ahead of peers like Fisker and Lordstown Motors, which have only recently started testing their first prototypes. As for the tech, Faraday Future’s battery pack, motors, and inverter were all designed by the widely respected team that created the General Motors EV-1, the first attempted mass-market electric car. You’d be hard-pressed to find a company more on the brink than Faraday Future. And some of those that weren’t headed for collapse are still going public with unproven technology. That movement - sparked by Tesla’s success in 2020 but supercharged by the rise of retail traders who trade stocks on Robinhood and speculate on Reddit - has already turned startups on the brink into companies with valuations of a billion dollars or more, despite many of them not making any money yet. Faraday Future also hired its first chief financial officer in three years, in a potential nod to there finally being some serious work to do.įaraday Future has been hosting SPAC groups since last June Faraday Future has said since October that it’s looking to go public by merging with a SPAC, and Bloomberg reported on January 10th that the startup is in talks with one run by a New York City real estate investor. In the last seven months alone, a half-dozen startups have gone public or announced plans to go public by merging with SPACs, or special-purpose acquisition companies - publicly traded investment funds that only exist to acquire other companies. Lucky for Faraday Future, though, money is now incredibly easy to come by. It will take a lot of money to get that vehicle over the proverbial finish line. Sure, Faraday Future is distressed and its electric SUV is outrageous, but it developed valid technology over the last few years that is further along than what some competitors have. Yes, Faraday Future is still on the market - though maybe not for long.
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Get out there, get sellin’, and become a true Oil Tycoon.Despite a whirlwind of electric vehicle SPAC mergers in the last few months, there’s still one startup flying solo that’s arguably the best-positioned.
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You’re going to make billions with your oil because now you have everything an oil miner needs to do so. Imagine building a factory in the depths of Siberia, installing underwater gas works, and hiring a lunar miner! The possibilities for your tycoon empire are endless, and the only limit is your entrepreneurial talents.
Idle oil tycoon reddit install#
Once you’re richer than a gold mine, it’s time to upgrade! Now, you can install new barrels, move into gas production, or explore new areas and continue mining! There are thousands of upgrades and new ventures to get stuck into, providing you can take a break from mining.Īs you progress, you’ll unlock new locations as you mine and extract your way across the world. Here, you monitor prices and make sure you sell up at the optimum moment to make bank! After successfully mining your first batch of oil, it’s time to sell up and upgrade, which means you’re off to the stock market. Oil Tycoon boasts awesome idle gameplay where you tap and build to slowly forge a petroleum empire unlike any that’s come before. Your road to riches starts in your backyard, where you first strike oil! From here, and with your first pump, you begin your oil miner mission.
Idle oil tycoon reddit simulator#
Welcome to Oil Tycoon, the miner simulator game where you extract oil across the globe, sell it, build gas idle factories, and make your fortune!
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Have you ever dreamed of mining oil, forming your very own petroleum empire, and earning billions of dollars? Now, you can.