Faraday Future Shifts Focus to Cryptocurrency and AI Amid Declining Car Sales
Faraday Future's New Direction: The struggling EV startup Faraday Future is shifting its focus towards cryptocurrency and embodied AI to revitalize its business.
C10 Treasury Product Launch: The company has introduced the C10 Treasury product, which will invest in a basket of top 10 cryptocurrencies, aiming for initial purchases between $500 million and $1 billion.
Funding and Growth Strategy: Faraday Future plans to use staking yields from its crypto investments to fund stock buybacks and innovation in its core electric vehicle business.
Production Challenges: Despite ambitions, Faraday Future has only produced 16 units of its flagship FF 91 vehicle as of January 2025, primarily distributing them to employees and advocates.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00933 | 0.0149 | 0.02 | 0.0256 | 0.0307 | 0.0363 | 0.0414 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
About AI
About the author
