The Dumbest Finance Decision Of 2016 Gets Even Better

Nevada Approved $335 Million Faraday Future Deal With No Knowledge Of The Company's Finances

Nevada’s State Treasurer Dan Schwartz, who has emerged as a major skeptic of FF, told me today that his department and the Nevada State Legislature—which signed off on the deal—were in the dark.

“The Treasury was not in any hearing,” Schwartz said. “Faraday Future gave financials to Steve Hill [Director of the Governor’s Office of Economic Development], but he didn’t give them to the legislature.”

Hill did not respond to calls or emails seeking comment from Jalopnik. A Faraday Future spokesman said, “As a private company we do not comment on the details of our finances.”

The news of this lack of information was something of a shock, and it seemed extraordinary that neither the State Treasury nor the State Legislature voting to approve the deal got to see any proof of Faraday Future’s financial health. “That’s exactly right,” Schwartz concurred.

(Jalopnik.com)