Tesla Now Faces a Billionaire-Backed Competitor Staffed by Its Former Engineers
Is there room enough for both Tesla Motors and Faraday Future in our electric-car, uh, future? A Chinese billionaire is backing what hopes to be a rival to Elon Musk's enterprise. The 18-month-old company, based out of Southern California, aims to roll out its first long-range, premium model, comparable to Tesla's Model S, by 2017. The engineer who oversaw the chassis design of the Model S, Nick Sampson, is now Faraday's research-and-development chief.