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Faraday Future Reportedly Receives $900 Million From Tata

Mon Nov 13 19:03:40 EST 2017 | Carscoops
After months of turmoil, it appears as though electric car startup Faraday Future has caught a huge break following a healthy investment from Tata Motors. Chinese media outlet Gasgoo claims that the carmaker has attracted $900 million in funding from Tata Motors for a 10 per cent stake in the company, essentially valuing it at $9 billion. While neither firm has commented on the reports, such an investment could prove fruitful for both carmakers. Not only could such a substantial chunk of money k..

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