Overview

• Faraday Future unveiled its EAI + Crypto Dual-Flywheel & Dual-Bridge Strategy during Monterey Car Week to merge Embodied AI vehicle development with Web3 financial mechanisms.
• The company introduced the C10 Index, a market-cap weighted basket of the top 10 crypto assets excluding stablecoins, with its base value set on August 16.
• The FFAI C10 Treasury began with a $30 million initial crypto purchase and targets $500 million–$1 billion in holdings, deploying an 80% passive and 20% active allocation to capture 3%–5% staking yields.
• Plans are underway for an EAI Vehicle Chain to enable tokenized vehicle sales, crypto-based deposits and blockchain-native user engagement as new revenue streams.
• Faraday’s pivot drew endorsement from California Treasurer Fiona Ma and lifted shares about 0.9% in after-hours trading, though past production setbacks and an SEC Wells notice pose execution risks.