It has emerged that state officials from Nevada approved $335 million in tax credits for Faraday Future without knowing about the company's finances. While speaking with Jalopnik, Nevada State Treasurer and FF skeptic Dan Schwartz revealed that the Nevada State Legislature had no idea of the startup's financial position when awarding it with hundreds of millions in tax credits. “The Treasury was not in any hearing. 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.

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Nevada Officials Gave $335 Million In Tax Credits To Faraday Not Realizing It Was out Of Cash

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