Through early trading Monday, Faraday Future stock was up almost 4,000% month to date. The amount of trading in the EV start-up is amazing.
Shares of electric vehicle (EV) startup Faraday Future (NASDAQ: FFIE ) are continuing to soar on an unprecedented short squeeze rally. The huge surge of FFIE stock began during this week's brief meme craze, but now it's continuing even after the meme surge has faded.
Faraday Future (NASDAQ: FFIE ) stock has seemingly defied the odds and is yet again up by triple-digits, bringing its one-week return to over 4,000%. This comes despite the electric vehicle (EV) company not making any material announcements and receiving a Nasdaq delisting determination on April 24 due to its shares trading closing at 10 cents or less for 10 consecutive trading days.
The most impressive performance of the current meme stocks rally hasn't been from GameStop (NYSE: GME ) or AMC Entertainment (NYSE: AMC ). Instead, it's a from a small electric vehicle startup that most investors likely wrote off months ago.