Recently, short-selling entity Wolfpack Research declared that it had taken a short position in the electric vehicle maker Faraday Future (FFAI), forecasting that the company might transform into a "penny stock" prior to its delisting. The short-selling report alleged that Faraday Future's stock price jump was built on "fictitious orders, rebadged Chinese multi-purpose vehicles (MPVs), and deception," with the intent of luring retail investors into purchasing shares before a potential equity dilution. In reaction, Faraday Future's founder, Jia Yueting, remarked that the report was grounded in obsolete rumors, selectively presented information, and erroneous data, amounting to an assault on the company, its stakeholders, and workforce. Faraday Future has retained the legal services of Paul Hastings LLP to aid in this situation and has insisted that Wolfpack halt its infringing conduct. Concurrently, the company has launched internal legal actions and filed an official grievance with the U.S. Securities and Exchange Commission (SEC). The company affirmed its commitment to persist in its fight against illicit short-selling tactics to safeguard shareholder rights.