# Financing

Faraday Future’s New Gambit: Jia Yueting Pivots to Robotics with $70 Million Lifeline

Faraday Future has secured $70 million to pivot toward a 'Physical AI' and robotics ecosystem, with CEO Jia Yueting aiming for positive cash flow by late 2027. While EV production remains part of a dual-engine strategy, it is now contingent on securing further large-scale strategic investment.