The company has recently launched a major AI update for its FF 91 and secured a new facility in the UAE to support its Middle East operations and future Faraday X models.

Shares of Faraday Future Intelligent Electric were added to the Russell 3000 and Russell Microcap indexes on Monday, after the company’s shares rose 41% in June.

The stock closed up 14.3% at $1.68 on Monday.

The addition was revealed as part of FTSE Russell’s annual rebalancing of its U.S. equity indexes. 

Depending on its total market value, Faraday Future may qualify for either the large-cap Russell 1000 or small-cap Russell 2000.

The electric vehicle maker has recently made a series of moves to expand its operations and product offerings. 

Last week, the company rolled out a major software update: the FF AI 2.0 for its FF 91 2.0 model. 

The new system features multi-language support, enhanced voice command functions, and memory for maintaining conversational context. 

Faraday says the technology could also be used in its upcoming Faraday X line.

In May, the company held a handover ceremony for a new site in Ras Al Khaimah, United Arab Emirates, marking its first facility in the Middle East. 

A lease was finalized for a 108,000-square-foot space that will serve as an office, workshop, and regional base. 

The site will support operations across GCC countries and is expected to employ up to 200 people.

Faraday X is the firm’s second vehicle brand, aimed at more affordable segments of the EV market. 

The first model is expected to arrive by the end of the year. 

While international sourcing will be the plan for early production, the company says that U.S suppliers will be used going forward.

In April, Faraday recently stated that proposed tariffs under the Trump administration could impact the Faraday X rollout in the short term, but described the policy shift as a potential opportunity in the long term.

On Stocktwits, retail sentiment was ‘bullish’ amid ‘high’ message volume.

One user suggested that many market participants were underestimating the significance of what was happening with FFAI’s price action, calling the move above the 200-SMA a major development. 

Another user described the breakout as “massive” and said the close above the 200-SMA had strong momentum.

Shares of Faraday Future Intelligent Electric have declined 54.5% so far in 2025.

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