Elon Musk is currently on top of the electric car industry. For years, his Tesla group leans on innovation in order to come up with technologically-driven vehicles. However, there has been a time that the dominance of Tesla Motors was threatened and around that period, Faraday Future is the legitimate contender.

Although the Tesla's challenger has somewhat faded away from the limelight, it continues to tinker with some projects. During last year's Consumer Electronics Show (CES), Faraday has introduced its FFZero1 concept. Considering that the procedure is not operational, the presentation turns out to be catastrophic.

This year, Tesla's rival has, once again, unraveled another venture and the introduction of the FF 91 vehicle becomes another disaster. The testing process has gone haywire since the car's self-parking component failed. Looking closely, the mechanical disturbance may provide a hint that Faraday Future is actually facing some heavy burden.

It has been revealed in a Business Insider report that the California-based organization is besieged with internal strife. The truth of the matter is a number of executives have already left.

What is even more troubling is the departure of the CEO prior to the CES 2017 event. A deeper inquiry has coughed up information that the electric car group is debt-ridden with millions of dollars.

In addition, the corporate structure connecting the American and Chinese operations is complicated. With its financial coffers running empty, observers predict that the company will collapse in the next one to four months.

As of late, Faraday Future is being steered by Co-Founder Jia Yueting who is also managing LeEco's tech operations. The situation has only added confusion since Faraday's undertakings are now leaning towards LeEco's automobile development.

Contributing to the Faraday's woes is the closure of its Nevada factory back in April 2016. No less than Co-Founder and Senior VP for Research and Design Nick Sampson has confirmed during the recent CES event that the organization stopped its production activities in order to finance its Consumer Electronics presentation.

One insider shares that what has been introduced at the CES 2017 is phony and it is also claimed that the completion of the FF 91 electric car is going nowhere. With its resources quickly draining, it is likely that the company will go bankrupt over the next couple of months especially if its backup funds from China will not be available.

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