Faraday Future shares surge 29.87% intraday as SEC concludes four-year investigation without penalties, eliminating regulatory uncertainty.

Faraday Future surged 29.87% intraday as the U.S. SEC officially concluded its four-year investigation into the company on March 22, 2026, imposing no penalties on Faraday Future or its founder Jia Yueting. The company specializes in designing smart electric vehicles and embodied AI robots, with headquarters in California and production facilities in Hanford, planning to expand capacity through partnerships.