0001013762-21-000106 | S-1/A | XBRL Viewer | Faraday Future Intelligent Electric INC

Description

December 31,
2020

Cash and marketable securities held in Trust Account

Liabilities:

Warrant Liability – Private Placement Warrants

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Document And Entity Information	6 Months Ended
Document And Entity Information	Jun. 30, 2021
Document Information Line Items
Entity Registrant Name	Faraday Future Intelligent Electric Inc.
Document Type	S-1/A
Amendment Flag	true
Amendment Description	Amendment No. 1
Entity Central Index Key	0001805521
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Incorporation, State or Country Code	DE

Condensed Balance Sheets - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Current assets
Cash	$ 17,873	$ 549,395
Prepaid expenses and other current assets	107,034	128,561
Total current assets	124,907	677,956
Cash and marketable securities held in Trust Account	229,788,742	229,884,479
Total assets	229,913,649	230,562,435
Current liabilities
Accrued expenses and other current liabilities		2,041,838
Accounts payable and accrued expenses	1,981,461	2,041,838
Promissory note – related party	500,000
Total current liabilities	2,481,461	2,041,838
Convertible note – related party	480,400
Warrant liability	6,605,462	630,224
Total liabilities	9,567,323	2,672,062
Commitments
Common stock subject to possible redemption, Value	229,775,680	222,890,370
Stockholders’ deficit
Preferred stock, $0.0001 par value; 1,000,000 authorized; none issued and outstanding
Common stock value	654	723
Additional paid-in capital	5,816,446	7,584,657
Accumulated deficit	(15,246,454)	(2,585,377)
Total stockholders’ deficit	(9,429,354)	5,000,003
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	229,913,649	230,562,435
FF Intelligent Mobility Global Holdings Ltd
Current assets
Cash	52,527	1,124	$ 2,221
Restricted cash	5,721	703	1,133
Deposits	6,574	6,412	5,164
Other current assets	5,084	6,200	10,515
Total current assets	69,906	14,439	19,033
Property and equipment, net	287,718	293,933	292,526
Other non-current assets	11,749	8,010	3,658
Total assets	369,373	316,382	315,217
Current liabilities
Accounts payable	67,486	86,601	68,648
Accrued expenses and other current liabilities	59,721	52,382	48,265
Related party accrued interest	47,274	78,583	42,352
Accrued interest	50,776	39,707	17,459
Related party notes payable	207,755	299,403	286,583
Notes payable, current portion	297,454	182,151	126,922
Vendor payables in trust	109,574	110,224	115,900
Total current liabilities	840,040	849,051	706,129
Capital leases, less current portion	38,040	36,501	41,162
Other liability, less current portion	7,880	1,000	7,475
Deferred rent, less current portion			113
Notes payable, less current portion	36,172	9,168
Total liabilities	922,132	895,720	754,879
Commitments
Redeemable Preference Convertible Stock	724,823	724,823	724,823
Class A-1 Convertible Preferred Stock, $0.00001 par value; 87,617,555 shares authorized and 57,513,413 shares issued and outstanding as of June 30, 2021 and no shares authorized, issued or outstanding as of December 31, 2020	96,048
Class A-2 Convertible Preferred Stock, $0.00001 par value; 158,479,868 shares authorized and 19,546,600 shares issued and outstanding as of June 30, 2021 and no shares authorized, issued or outstanding as of December 31, 2020	38,311
Class B Convertible Preferred Stock, $0.00001 par value; 452,941,177 and 600,000,000 shares authorized as of June 30, 2021 and December 31, 2020, respectively; 452,941,177 shares issued and outstanding; redemption amount of $1,106,988	697,643	697,643	924,149
Stockholders’ deficit
Additional paid-in capital	416,504	395,308	158,704
Accumulated other comprehensive loss	(6,650)	(5,974)	(3,284)
Accumulated deficit	(2,519,439)	(2,391,139)	(2,244,054)
Total stockholders’ deficit	(2,109,584)	(2,001,804)	(2,088,634)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	369,373	316,382	315,217
Class A Ordinary Stock \| FF Intelligent Mobility Global Holdings Ltd
Stockholders’ deficit
Common stock value
Total stockholders’ deficit
Class B Ordinary Stock \| FF Intelligent Mobility Global Holdings Ltd
Stockholders’ deficit
Common stock value	1	1
Total stockholders’ deficit	$ 1	$ 1

Condensed Balance Sheets (Parentheticals) - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	6,538,943	7,227,474
Common stock, shares outstanding	6,538,943	7,227,474
Common stock subject to possible redemption shares	22,977,568	22,289,037
Preferred stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
FF Intelligent Mobility Global Holdings Ltd
Temporary equity, redemption amount (in Dollars)	$ 1,106,988	$ 1,106,988	$ 1,466,400
Redeemable Convertible Preferred Stock [Member] \| FF Intelligent Mobility Global Holdings Ltd
Temporary equity par value (in Dollars per share)	$ 0.00001	$ 0.00001	$ 0.00001
Temporary equity, shares authorized	470,588,235	470,588,235	470,588,235
Temporary equity, shares issued	470,588,235	470,588,235	470,588,235
Temporary equity, shares outstanding	470,588,235	470,588,235	470,588,235
Temporary equity, redemption amount (in Dollars)	$ 800,000	$ 800,000	$ 800,000
Class A-1 Convertible Preferred Stock [Member] \| FF Intelligent Mobility Global Holdings Ltd
Temporary equity par value (in Dollars per share)	$ 0.00001	$ 0.00001
Temporary equity, shares authorized	87,617,555	0
Temporary equity, shares issued	57,513,413	0
Temporary equity, shares outstanding	57,513,413	0
Class A-2 Convertible Preferred Stock [Member] \| FF Intelligent Mobility Global Holdings Ltd
Temporary equity par value (in Dollars per share)	$ 0.00001	$ 0.00001
Temporary equity, shares authorized	158,479,868	0
Temporary equity, shares issued	19,546,600	0
Temporary equity, shares outstanding	19,546,600	0
Class B Convertible Preferred Stock [Member] \| FF Intelligent Mobility Global Holdings Ltd
Temporary equity par value (in Dollars per share)	$ 0.00001	$ 0.00001	$ 0.00001
Temporary equity, shares authorized	452,941,177	600,000,000	600,000,000
Temporary equity, shares issued	452,941,177	452,941,177	600,000,000
Temporary equity, shares outstanding	452,941,177	452,941,177	600,000,000
Class A Ordinary Stock \| FF Intelligent Mobility Global Holdings Ltd
Common stock, par value (in Dollars per share)	$ 0.00001	$ 0.00001	$ 0.00001
Common stock, shares authorized	665,209,680	400,000,000	400,000,000
Common stock, shares issued	64,224,007	41,234,448	40,879,124
Common stock, shares outstanding	64,224,007	41,234,448	40,879,124
Class B Ordinary Stock \| FF Intelligent Mobility Global Holdings Ltd
Common stock, par value (in Dollars per share)	$ 0.00001	$ 0.00001	$ 0.00001
Common stock, shares authorized	180,000,000	180,000,000	100,000,000
Common stock, shares issued	150,052,834	147,058,823	0
Common stock, shares outstanding	150,052,834	147,058,823	0

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		5 Months Ended	6 Months Ended		11 Months Ended	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Operating expenses
Loss from operations	$ (442,736)		$ (1,000)	$ (1,327,335)		$ (2,218,182)
Net loss attributable to FF Intelligent Mobility Global Holdings Ltd.
Other expense, net	(5,284,252)			(6,216,712)		(367,195)
Other expense:
Transaction costs incurred in connection with the IPO						(353)
Unrealized gain on marketable securities held in Trust Account						8,809
Loss before provision for income taxes						(2,585,377)
Operating and formation costs	442,736		1,000	1,327,335
Interest earned on marketable securities held in Trust Account	8,213			38,926		99,990
Change in fair value of convertible note	(280,400)			(280,400)
Change in fair value of warrant liability	(5,012,065)			(5,975,238)		(475,641)
Loss before income taxes	(5,726,988)		(1,000)	(7,544,047)
Benefit (provision) for income taxes
Net loss	$ (5,726,988)		$ (1,000)	$ (7,544,047)		$ (2,585,377)
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption (in Shares)	22,103,036			22,195,523		21,779,604
Basic and diluted net loss per share, Common stock subject to possible redemption (in Dollars per share)						$ 0.00
Basic and diluted weighted average shares outstanding, Non-redeemable common stock (in Shares)	7,413,475	5,200,000	5,200,000	7,320,988		6,452,794
Basic and diluted net loss per share, Non-redeemable common stock (in Dollars per share)	$ (0.77)			$ (1.03)		$ (0.40)
Per share information:
Net loss per Ordinary Stock – Class A and Class B – basic and diluted (in Dollars per share)	$ (0.77)			$ (1.03)		$ (0.40)
Weighted average Ordinary Stock outstanding – Class A and Class B – basic and diluted (in Shares)	7,413,475	5,200,000	5,200,000	7,320,988		6,452,794
Total comprehensive loss:
Net loss				$ (7,544,047)		$ (2,585,377)
FF Intelligent Mobility Global Holdings Ltd.
Operating expenses
Research and development	$ 8,673	$ 4,222		15,394	$ 11,184		$ 20,186	$ 28,278
Sales and marketing	2,585	166		4,267	1,470		3,672	5,297
General and administrative	16,430	11,952		27,423	18,732		41,071	71,167
Total operating expenses	27,688	16,340		47,084	31,386		64,939	110,256
Loss from operations	(27,688)	(16,340)		(47,084)	(31,386)		(64,939)	(110,256)
Gain on expiration of put option								43,239
Change in fair value measurement of related party notes payable, notes payable, and warrant liabilities	(10,730)	585		(35,912)	8,662		(8,948)	(15,183)
Change in fair value measurement of The9 Conditional Obligation				(1,735)			3,872
Gain on extinguishment of related party notes payable, notes payable and vendor payables in trust, net				(1,309)	(314)		2,107
Interest expense	(9,077)	(7,281)		(28,933)	(15,672)		(34,724)	(25,918)
Less: Net income attributable to noncontrolling interest								997
Net loss attributable to FF Intelligent Mobility Global Holdings Ltd.							(147,085)	(143,192)
Less: total other comprehensive income attributable to noncontrolling interest								997
Total other comprehensive loss attributable to FF Intelligent Mobility Global Holdings Ltd.							(149,775)	(145,725)
Related party interest expense	(3,728)	(8,388)		(12,798)	(16,650)		(38,995)	(34,074)
Other expense, net	(1,552)	(278)		(1,835)	(751)		(5,455)
Other expense:
Loss before income taxes	(52,775)	(31,702)		(128,297)	(55,797)		(147,082)	(142,192)
Benefit (provision) for income taxes				(3)			(3)	(3)
Net loss	$ (52,775)	$ (31,702)		$ (128,300)	$ (55,797)		$ (147,085)	$ (142,195)
Per share information:
Net loss per Ordinary Stock – Class A and Class B – basic and diluted (in Dollars per share)	$ (0.25)	$ (0.77)		$ (0.60)	$ (1.36)		$ (2.99)	$ (3.52)
Weighted average Ordinary Stock outstanding – Class A and Class B – basic and diluted (in Shares)	215,453,875	40,909,813		213,329,158	40,906,388		49,261,411	40,706,633
Total comprehensive loss:
Net loss	$ (52,775)	$ (31,702)		$ (128,300)	$ (55,797)		$ (147,085)	$ (142,195)
Change in foreign currency translation adjustment	(1,184)	(44)		(676)	1,777		(2,690)	(2,533)
Total comprehensive loss	$ (53,959)	$ (31,746)		(128,976)	(54,020)		(149,775)	(144,728)
Operating expenses
Loss on disposal of asset held for sale								12,138
Gain on cancellation of land use rights								(11,467)
Loss on disposal of property and equipment				$ 647			$ 10	$ 4,843

Condensed Statements of Changes in Stockholders’ Equity (Unaudited) - USD ($)	Redeemable Convertible Preferred Stock FF Intelligent Mobility Global Holdings Ltd	Class B Convertible Preferred Stock FF Intelligent Mobility Global Holdings Ltd	Class A-1 Convertible Preferred Stock FF Intelligent Mobility Global Holdings Ltd	Class A-2 Convertible Preferred Stock FF Intelligent Mobility Global Holdings Ltd	Class A Ordinary Stock FF Intelligent Mobility Global Holdings Ltd	Class B Ordinary Stock FF Intelligent Mobility Global Holdings Ltd	Additional Paid-in Capital FF Intelligent Mobility Global Holdings Ltd	Additional Paid-in Capital	Accumulated Other Comprehensive Loss FF Intelligent Mobility Global Holdings Ltd	Accumulated Deficit FF Intelligent Mobility Global Holdings Ltd	Accumulated Deficit	Stockholder’s Deficit FF Intelligent Mobility Global Holdings Ltd	Noncontrolling interest FF Intelligent Mobility Global Holdings Ltd	Common Stock	FF Intelligent Mobility Global Holdings Ltd	Total
Beginning balance at Dec. 31, 2018	$ 724,823	$ 924,149					$ 140,881		$ (751)	$ (2,100,862)		$ (1,960,732)	$ 4,556		$ (1,956,176)
Beginning balance (in Shares) at Dec. 31, 2018	470,588,235	600,000,000			40,485,155
Stock-based compensation							4,610					4,610			4,610
Contributions from Redeemable Preference Stockholder							7,598					7,598			7,598
Contributions from Redeemable Preference Stockholder (in Shares)
Exercise of stock options							62					62			62
Exercise of stock options (in Shares)					393,969
Foreign currency translation adjustment									(2,533)			(2,533)			(2,533)
Net (loss) income										(143,192)		(143,192)	997		(142,195)
Distribution to noncontrolling interest							8,602					8,602	(8,602)
Extinguishment of noncontrolling interest							(3,049)					(3,049)	3,049
Ending balance at Dec. 31, 2019	$ 724,823	$ 924,149					158,704		(3,284)	(2,244,054)		(2,088,634)			(2,088,634)
Ending balance (in Shares) at Dec. 31, 2019	470,588,235	600,000,000			40,879,124
Stock-based compensation							3,651								3,651
Exercise of stock options							8								8
Exercise of stock options (in Shares)					35,922
Foreign currency translation adjustment									1,777						1,777
Net (loss) income										(55,797)					(55,797)
Ending balance at Jun. 30, 2020	$ 724,823	$ 924,149					162,363	$ 25,225	(1,507)	(2,299,851)	$ (1,000)			$ 595	(2,138,995)	$ 24,820
Ending balance (in Shares) at Jun. 30, 2020	470,588,235	600,000,000			40,915,046									5,950,000
Beginning balance at Dec. 31, 2019	$ 724,823	$ 924,149					158,704		(3,284)	(2,244,054)		(2,088,634)			(2,088,634)
Beginning balance (in Shares) at Dec. 31, 2019	470,588,235	600,000,000			40,879,124
Stock-based compensation							9,505					9,505			9,505
Conversion of Class B convertible preferred stock for Class B ordinary stock		$ (226,506)				$ 1	226,505					226,506			226,506
Conversion of Class B convertible preferred stock for Class B ordinary stock (in Shares)		(147,058,823)				147,058,823
Exercise of stock options							115					115			115
Exercise of stock options (in Shares)					383,994
Issuance of warrants							490					490			490
Purchase of ordinary stock							(11)					(11)			(11)
Purchase of ordinary stock (in Shares)					(28,670)
Foreign currency translation adjustment									(2,690)			(2,690)			(2,690)
Net (loss) income										(147,085)		(147,085)			(147,085)
Distribution to noncontrolling interest															8,602,000
Extinguishment of noncontrolling interest															3,049,000
Ending balance at Dec. 31, 2020	$ 724,823	$ 697,643				$ 1	395,308	$ 7,584,657	(5,974)	(2,391,139)	(2,585,377)	(2,001,804)		$ 723	(2,001,804)	5,000,003
Ending balance (in Shares) at Dec. 31, 2020	470,588,235	452,941,177			41,234,448	147,058,823		7,584,657						7,227,474
Beginning balance at Feb. 10, 2020
Beginning balance (in Shares) at Feb. 10, 2020
Issuance of Founder Shares to Sponsor								25,225						$ 595		25,820
Issuance of Founder Shares to Sponsor (in Shares)														5,950,000
Net (loss) income											(1,000)					(1,000)
Ending balance at Mar. 31, 2020	$ 724,823	$ 924,149					159,474	25,225	(1,463)	(2,268,149)	(1,000)			$ 595	(2,110,138)	24,820
Ending balance (in Shares) at Mar. 31, 2020	470,588,235	600,000,000			40,882,964									5,950,000
Beginning balance at Feb. 10, 2020
Beginning balance (in Shares) at Feb. 10, 2020
Issuance of Founder Shares to Sponsor								24,425						$ 575		25,000
Issuance of Founder Shares to Sponsor (in Shares)														5,750,000
Issuance of Representative Shares								800						$ 20		820
Issuance of Representative Shares (in Shares)														200,000
Sale of 22,977,568 Units, net of underwriting discount and offering expenses								224,656,352						$ 2,298		224,658,650
Sale of 22,977,568 Units, net of underwriting discount and offering expenses (in Shares)														22,977,568
Sale of 594,551 Private Placement Units, net of warrant liability								5,791,220						$ 60		5,791,280
Sale of 594,551 Private Placement Units, net of warrant liability (in Shares)														594,551
Forfeiture of Founder Shares								1						$ (1)
Forfeiture of Founder Shares (in Shares)														(5,608)
Common stock subject to possible redemption								(222,888,141)						$ (2,229)		(222,890,370)
Common stock subject to possible redemption (in Shares)														(22,289,037)
Net (loss) income											(2,585,377)					(2,585,377)
Ending balance at Dec. 31, 2020	$ 724,823	$ 697,643				$ 1	395,308	$ 7,584,657	(5,974)	(2,391,139)	(2,585,377)	(2,001,804)		$ 723	(2,001,804)	5,000,003
Ending balance (in Shares) at Dec. 31, 2020	470,588,235	452,941,177			41,234,448	147,058,823		7,584,657						7,227,474
Beginning balance at Mar. 31, 2020	$ 724,823	$ 924,149					159,474	$ 25,225	(1,463)	(2,268,149)	(1,000)			$ 595	(2,110,138)	24,820
Beginning balance (in Shares) at Mar. 31, 2020	470,588,235	600,000,000			40,882,964									5,950,000
Stock-based compensation							2,884								2,884
Exercise of stock options							5								5
Exercise of stock options (in Shares)					32,082
Foreign currency translation adjustment									(44)						(44)
Net (loss) income										(31,702)					(31,702)
Ending balance at Jun. 30, 2020	$ 724,823	$ 924,149					162,363	25,225	(1,507)	(2,299,851)	(1,000)			$ 595	(2,138,995)	24,820
Ending balance (in Shares) at Jun. 30, 2020	470,588,235	600,000,000			40,915,046									5,950,000
Beginning balance at Dec. 31, 2020	$ 724,823	$ 697,643				$ 1	395,308	$ 7,584,657	(5,974)	(2,391,139)	(2,585,377)	(2,001,804)		$ 723	(2,001,804)	5,000,003
Beginning balance (in Shares) at Dec. 31, 2020	470,588,235	452,941,177			41,234,448	147,058,823		7,584,657						7,227,474
Change in value of common stock subject to possible redemption														$ 18		1,817,060
Change in value of common stock subject to possible redemption (in Shares)								1,817,042						186,001
Net (loss) income											(1,817,059)					(1,817,059)
Ending balance at Mar. 31, 2021	$ 724,823	$ 697,643				$ 1	405,329		(5,466)	(2,466,664)	(4,402,436)			$ 741	(2,066,800)	5,000,004
Ending balance (in Shares) at Mar. 31, 2021	470,588,235	452,941,177			50,113,600	150,052,834		9,401,699						7,413,475
Beginning balance at Dec. 31, 2020	$ 724,823	$ 697,643				$ 1	395,308	$ 7,584,657	(5,974)	(2,391,139)	(2,585,377)	$ (2,001,804)		$ 723	(2,001,804)	5,000,003
Beginning balance (in Shares) at Dec. 31, 2020	470,588,235	452,941,177			41,234,448	147,058,823		7,584,657						7,227,474
Conversion of related party notes payable to Class A-1 Convertible Preferred Stock			$ 96,048
Conversion of related party notes payable to Class A-1 Convertible Preferred Stock (in Shares)			57,513,413
Conversion of related party notes payable to Class A-2 Convertible Preferred Stock				$ 38,311
Conversion of related party notes payable to Class A-2 Convertible Preferred Stock (in Shares)				19,546,600
Stock-based compensation							3,468								3,468
Conversion of The9 Conditional Obligation							2,863								2,863
Conversion of The9 Conditional Obligation (in Shares)						2,994,011
Exercise of stock options							7,752								7,752
Exercise of stock options (in Shares)					22,989,559
Issuance of warrants							7,113								7,113
Foreign currency translation adjustment									(676)						(676)
Net (loss) income										(128,300)					(128,300)
Ending balance at Jun. 30, 2021	$ 724,823	$ 697,643	$ 96,048	$ 38,311		$ 1	416,504		(6,650)	(2,519,439)	(15,246,454)			$ 654	(2,109,584)	(9,429,354)
Ending balance (in Shares) at Jun. 30, 2021	470,588,235	452,941,177	57,513,413	19,546,600	64,224,007	150,052,834		5,816,446						6,538,943
Beginning balance at Mar. 31, 2021	$ 724,823	$ 697,643				$ 1	405,329		(5,466)	(2,466,664)	(4,402,436)			$ 741	(2,066,800)	5,000,004
Beginning balance (in Shares) at Mar. 31, 2021	470,588,235	452,941,177			50,113,600	150,052,834		9,401,699						7,413,475
Conversion of related party notes payable to Class A-1 Convertible Preferred Stock			$ 96,048
Conversion of related party notes payable to Class A-1 Convertible Preferred Stock (in Shares)			57,513,413
Conversion of related party notes payable to Class A-2 Convertible Preferred Stock				$ 38,311
Conversion of related party notes payable to Class A-2 Convertible Preferred Stock (in Shares)				19,546,600
Stock-based compensation							948								948
Exercise of stock options							5,102								5,102
Exercise of stock options (in Shares)					14,110,407
Issuance of warrants							5,125								5,125
Foreign currency translation adjustment									(1,184)						(1,184)
Change in value of common stock subject to possible redemption											(5,117,030)			$ (87)		(8,702,370)
Change in value of common stock subject to possible redemption (in Shares)								(3,585,253)						(874,532)
Net (loss) income										(52,775)	(5,726,988)				(52,775)	(5,726,988)
Ending balance at Jun. 30, 2021	$ 724,823	$ 697,643	$ 96,048	$ 38,311		$ 1	$ 416,504		$ (6,650)	$ (2,519,439)	$ (15,246,454)			$ 654	$ (2,109,584)	$ (9,429,354)
Ending balance (in Shares) at Jun. 30, 2021	470,588,235	452,941,177	57,513,413	19,546,600	64,224,007	150,052,834		5,816,446						6,538,943

Condensed Statements of Changes in Stockholders’ Equity (Unaudited) (Parentheticals)	11 Months Ended
	Dec. 31, 2020 shares
Statement of Stockholders' Equity [Abstract]
Sale of Units	22,977,568
Sale of Private Placement Units	594,551

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended		11 Months Ended	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities
Net loss	$ (7,544,047)		$ (2,585,377)
Adjustments to reconcile net income to net cash used in operating activities:
Change in fair value of warrant liability	5,975,238		475,641
Transaction costs incurred in connection with IPO			353
Unrealized gain on marketable securities held in Trust Account			(8,809)
Change in fair value of convertible note	280,400
Interest earned on marketable securities held in Trust Account	(38,926)		(99,990)
Changes in operating assets and liabilities
Prepaid expenses and other current assets	21,527		(128,541)
Accrued expenses			2,041,838
Accounts payable and accrued expenses	(60,377)
Net cash used in operating activities	(1,366,185)		(304,885)
Cash flows from investing activities
Cash withdrawn from Trust Account to pay franchise and income taxes	134,663
Investment in Trust Account			(229,775,680)
Net cash provided by investing activities	134,663		(229,775,680)
Cash flows from financing activities
Proceeds from sale of Units, net of underwriting discounts paid			225,180,170
Proceeds from sale of Private Placement Units			5,945,510
Advances from related party			75,000
Repayment of advances from related party			(75,000)
Proceeds from promissory note—related party	500,000		133,000
Repayment of promissory note – related party			(133,000)
Payment of offering costs			(495,720)
Proceeds from convertible promissory note - related party	200,000
Net cash provided by financing activities	700,000		230,629,960
Net Change in Cash	(531,522)		549,395
Cash – Beginning	549,395
Cash – Ending	17,873		549,395	$ 549,395
Initial classification of common stock subject to possible redemption			219,345,620
Change in value of Class A common stock subject to possible redemption	6,885,310
Change in value of common stock subject to possible redemption			3,544,750
Offering costs paid directly by Sponsor from proceeds from issuance of common stock			25,000
Issuance of Representative Shares			820
Forfeiture of Founder Shares			(1)
FF Intelligent Mobility Global Holdings Ltd [Member]
Cash flows from operating activities
Net loss	(128,300)	$ (55,797)		(147,085)	$ (142,195)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization expense	2,047	2,104		3,517	5,188
Stock-based compensation	3,468	3,651		9,505	4,610
Gain on expiration of put option					(43,239)
Gain on cancellation of land use rights					(11,467)
Loss on disposal of asset held for sale					12,138
Change in fair value measurement of related party notes payable, notes payable, and warrant liabilities	35,912	(8,662)		8,948	15,183
Loss on disposal of property and equipment	647			10	4,843
Loss (gain) on foreign exchange				4,108	(11)
Loss on cancellation of lease		206			(11,467,000)
Gain on foreign exchange	(1,823)	(775)
Gain on forgiveness of accounts payable and deposits, net	(862)
Non-cash interest expense	37,938	32,286		66,020	50,807
Change in fair value measurement of The9 Conditional Obligation	1,735			(3,872)
Amortization of related party notes payable and notes payable issuance costs					834
Gain on extinguishment of related party notes payable, notes payable and vendor payables in trust, net				(2,107)
Loss on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net	1,309	314		(2,107)
Transfer of accounts payable to vendor payables in trust		(134)
Gain on forgiveness of vendor payables in trust	(1,731)
Changes in operating assets and liabilities
Deposits and other current assets	733	(1,969)
Other current assets				(1,236)	9,143
Other non-current assets	312	(225)		(1,986)	(600)
Transfer of payables to vendor trust				(174)	(115,900)
Accounts payable	(15,206)	6,020		11,500	48,229
Accrued expenses and other current liabilities				11,974	(25,156)
Deferred rent				(287)	(2,202)
Deferred rent, accrued expenses, and other current liabilities	11,510	3,188
Net cash used in operating activities	(52,311)	(19,793)		(41,165)	(189,795)
Cash flows from investing activities
Proceeds from notes receivable		3,600
Proceeds from sale of land					16,900
Payments for equipment	(1,386)	(100)		(607)	(2,256)
Proceeds from cancellation of land use rights					15,902
Issuance of notes receivable					(4,260)
Proceeds from payments on notes receivable				3,600	620
Net cash provided by investing activities	(1,386)	3,500		2,993	26,906
Cash flows from financing activities
Contributions of capital from Redeemable Preferred Stockholder					1,383
Proceeds from related party notes payable	200	8,735		10,256	30,622
Proceeds from notes payable	111,740	9,468		40,895	55,272
Payments of related party notes payable	(1,528)			(1,969)	(1,500)
Payments of notes payable				(1,652)	(58,623)
Proceeds from the issuance of The9 Conditional Obligation					5,000
Transfer of payables to vendor trust				174	115,900
Payments of payables in vendor trust				(4,500)
Proceeds from failed sale-leaseback					29,000
Payments of capital lease obligations	(2,212)	(1,531)		(1,926)	(1,435)
Distribution to acquire noncontrolling interest					(8,602)
Proceeds from exercise of stock options	7,751	8		115	62
Payments of notes payable issuance costs	(3,355)	(123)		(4,562)	(4,462)
Payments of Class A-1 and A-2 Convertible Preferred Stock issuance costs	(1,071)
Transfer of accounts payable to vendor payables in trust		134
Net cash provided by financing activities	111,525	16,691		36,831	162,617
Effect of exchange rate changes on cash and restricted cash	(1,407)	143		(186)	(3,906)
Net Change in Cash	56,421	541		(1,527)	(4,178)
Cash – Beginning	1,827	3,354		3,354	7,532
Cash – Ending	58,248	3,895	1,827	1,827	3,354
Property and equipment recorded in accounts payable and accrued expenses				3,817	10,027
Forgiveness of related party debt					6,215
Extinguishment of noncontrolling interest					3,049
Purchase of common stock				11
Cash	1,124	2,221		2,221	5,664
Restricted cash	703	1,133		1,133	1,868
Total cash and restricted cash, beginning of period	1,827	3,354		3,354	7,532
Cash	52,527	3,241	1,124	1,124	2,221
Restricted cash	5,721	654	703	703	1,133
Total cash and restricted cash, end of period	58,248	3,895	$ 1,827	1,827	3,354
Supplemental disclosure of noncash investing and financing activities
Conversion of customer deposit to notes payable		11,635		11,635
Conversion of The9 Conditional Obligation to equity	2,863
Conversion of related party notes payable and related party accrued interest to Class A-1 and A-2 Convertible Preferred Stock	134,359
Acquisitions of property and equipment included in accounts payable and accrued liabilities	939
Supplemental disclosure of cash flow information
Cash paid for interest	$ 6,584	$ 14		$ 3,137	$ 3,670

Nature of Business and Organization and Basis of Presentation

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

FF Intelligent Mobility Global Holdings Ltd [Member]

Nature of Business and Organization and Basis of Presentation [Line Items]

Nature of Business and Organization and Basis of Presentation

Nature of Business and Organization and Basis of Presentation

Nature of Business and Organization

FF Intelligent Mobility Global Holdings Ltd. (the “Company” or “FF”) is an exempted company formed under the laws of the Cayman Islands founded in 2014 and is headquartered in Los Angeles, California. The Company operates in a single operating segment and designs and engineers next-generation, smart, electric, connected vehicles. The Company expects to manufacture vehicles at its production facility in Hanford, California and has additional engineering, sales, and operations capabilities in China. The Company has created innovations in technology, products, and a user-centered business model that are being incorporated into its planned electric vehicle platform. The Company’s operations are conducted through its wholly-owned subsidiaries FF Inc. and FF Hong Kong Holding Ltd.

The Company changed its name from Smart King Ltd. to FF Intelligent Mobility Global Holdings Ltd. on February 14, 2020.

Principles of Consolidation and Basis of Presentation

The Company consolidates financial statements of all entities in which the Company has a controlling financial interest, including the accounts of any Variable Interest Entity (“VIE”) in which the Company has a controlling financial interest and for which it is the primary beneficiary. All intercompany transactions and balances have been eliminated upon consolidation.

The accompanying Condensed Consolidated Financial Statements have been prepared in conformity with generally accepted accounting principles in the United States (“GAAP”) for interim financial information and are unaudited.

These unaudited Condensed Consolidated Financial Statements do not include all disclosures that are normally included in annual audited financial statements prepared in accordance with GAAP and should be read in conjunction with the Company’s audited Consolidated Financial Statements for the year ended December 31, 2020. Accordingly, the Condensed Consolidated Balance Sheet as of December 31, 2020, has been derived from the Company’s annual audited Consolidated Financial Statements.

In the opinion of the Company, the accompanying unaudited Condensed Consolidated Financial Statements contain all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of its financial position as of June 30, 2021 and December 31, 2020, its results of operations for the three and six months ended June 30, 2021 and 2020, and cash flows for the six months ended June 30, 2021 and 2020. The accounting policies used in the preparation of these Condensed Consolidated Financial Statements are the same as those disclosed in the audited Consolidated Financial Statements and related notes for the year ended December 31, 2020, included in Faraday Future Intelligent Electric Inc.’s (“FFIE”) Form S-4 filed on June 23, 2021, definitive proxy statement/consent solicitation statement/prospectus (the “Proxy/Prospectus”).

Use of Estimates

The preparation of financial statements in accordance with GAAP requires the application of accounting policies that often involve a significant degree of judgment, that the Company believes are most dependent on the application of estimates and assumptions. On an ongoing basis, management evaluates its estimates, including those related to: (i) realization of tax assets and estimates of tax liabilities; (ii) valuation of equity securities; (iii) recognition and disclosure of contingent liabilities, including litigation reserves; (iv) fair value of related party notes payable and notes payable; (v) estimated useful lives of long-lived assets; and (vi) fair value of options granted to employees and non-employees and warrants. Such estimates often require the selection of appropriate valuation methodologies and financial models and may involve significant judgment in evaluating ranges of assumptions and financial inputs. Actual results may differ from those estimates under different assumptions, financial inputs, or circumstances. Given the global economic climate, unpredictable nature, and unknown duration of the COVID-19 pandemic, estimates are subject to additional volatility.

As of the date of the Company’s Condensed Consolidated Financial Statements, the Company is not aware of any specific event or circumstance that would require it to update its estimates or judgments or to revise the carrying value of its assets or liabilities. However, these estimates and judgments may change as new events occur and additional information is obtained, which may result in changes being recognized in the Company’s consolidated financial statements in future periods. While the Company considered the effects of COVID-19 on its estimates and assumptions, due to the level of uncertainty regarding the economic and operational impacts of COVID-19 on the Company’s business, there may be other judgments and assumptions that the Company has not considered. Such judgments and assumptions could result in a meaningful impact on the Company’s financial statements in future periods. Actual results could differ from those estimates and any such differences may have a material impact on the Company’s Condensed Consolidated Financial Statements.

Merger Agreement

On January 27, 2021, Property Solutions Acquisition Corp. (“PSAC”), a Delaware corporation, entered into an Agreement and Plan of Merger (“Merger Agreement”) by and among PSAC, PSAC Merger Sub, Ltd., an exempted company with limited liability incorporated under the laws of the Cayman Islands and wholly-owned subsidiary of PSAC (“Merger Sub”), and the Company.

Pursuant to the Merger Agreement, Merger Sub merged with and into the Company, with the Company surviving the merger (the “Business Combination” and, together with the other transactions contemplated by the Merger Agreement, the “Transactions”). As a result of the Transactions, the Company became a wholly-owned subsidiary of PSAC, with the stockholders of the Company becoming stockholders of PSAC, which was renamed Faraday Future Intelligent Electric Inc. (“New FF”). On July 21, 2021 (the “Closing Date”), PSAC consummated the previously announced Business Combination with the Company and changed its name from Property Solutions Acquisition Corp. to Faraday Future Intelligent Electric Inc. FFIE’s Common Stock trades on The Nasdaq Global Select Market under the ticker symbol FFIE. Upon closing the Business Combination, the Company raised $229,653 in proceeds from PSAC, net of redemptions of $206.

The Company has incurred certain merger-related costs in connection with the Business Combination, primarily consisting of legal costs and other professional services. The Company capitalized $1,736 and $4,600 of merger-related costs for the three and six months ended June 30, 2021, respectively. The Company has capitalized a total of $7,865 of merger-related costs, which is included in Other Non-current Assets on the Condensed Consolidated Balance Sheets as of June 30, 2021.

On the Closing Date, the outstanding shares of the Company and the majority of the outstanding convertible related party notes payable and notes payable converted into shares of FFIE Class A Common Stock and, for FF Top Holdings LLC (“FF Top”), shares of FFIE Class B Common Stock using an exchange ratio of 0.14130 (the “Exchange Ratio”). Additionally, each of the Company’s outstanding options or warrants immediately prior to the closing of the Business Combination remained outstanding and converted into the right to purchase FFIE Class A Common Stock equal to the number of Ordinary Stock of the Company subject to such option or warrant multiplied by the Exchange Ratio at an exercise price per share equal to the current exercise price per share for such option or warrant divided by the Exchange Ratio, with the aggregate amount of shares of Class A Common Stock issuable upon exercise of such options and warrants to be 44,880,595. In addition, in conjunction with the closing of the Business Combination, the outstanding warrants issued to a US-based investment firm, in conjunction with notes issued on various dates, were adjusted to increase the shares allowed to be purchased from 10,198,958 shares of FFIE Class A Common Stock to 19,016,865 shares of FFIE Class A Common Stock in accordance with an anti-dilution provision included in the warrant agreements.

Concurrently with the execution of the Merger Agreement, the Company entered into separate subscription agreements with a number of investors (the “PIPE Investors”) pursuant to which, on the Closing Date, the PIPE Investors purchased an aggregate of 76,140,000 FFIE Class A Common Stock, for a purchase price of $10 per share with an aggregate purchase price of $761,400 in a private placement (the “PIPE Financing”).

Nature of Business and Organization

Nature of Business and Organization

FF Intelligent Mobility Global Holdings Ltd. (the “Company”) is an exempted company formed under the laws of the Cayman Islands founded in 2014. Headquartered in Los Angeles, California, the Company designs and engineers next-generation smart electric connected vehicles. The Company expects to manufacture vehicles at the Company’s production facility in Hanford, California and has additional engineering, sales, and operations capabilities in China. The Company has created innovations in technology, products, and a user centered business model that are being incorporated into its planned electric vehicle platform.

The Company changed its name from Smart King Ltd. to FF Intelligent Mobility Global Holdings Ltd. on February 14, 2020.

The Company’s operations are conducted through its wholly-owned subsidiaries FF Inc. and FF Hong Kong Holding Ltd.

Liquidity and Capital Resources

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

FF Intelligent Mobility Global Holdings Ltd [Member]

Liquidity and Capital Resources [Line Items]

Liquidity and Capital Resources

Liquidity and Capital Resources

The Company has evaluated whether there are certain conditions and events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the unaudited Condensed Consolidated Financial Statements were available to be issued.

Since inception, the Company has incurred cumulative losses from operations, negative cash flows from operating activities and has an accumulated deficit of $2,519,439 as of June 30, 2021. The Company expects to continue to generate significant operating losses for the foreseeable future. The Company has funded its operations and capital needs primarily through the net proceeds received from capital contributions, the issuance of related party notes payable and notes payable (Note 8. Related Party Notes Payable and Note 9. Notes Payable), and the sale of Preferred and Ordinary Stock (Note 12. Preferred and Ordinary Stock). The majority of related party notes payable, notes payable, and equity have been funded by entities controlled or previously controlled by the Company’s founder and former CEO. Since its formation, the Company has devoted substantial effort and capital resources to strategic planning, engineering, design, and development of its planned electric vehicle platform, development of initial electric vehicle models, and capital raising. The aforementioned efforts and capital resources have positioned the Company for a commercial launch of its first passenger vehicle, the FF 91, which is anticipated during July 2022.

The Company’s audit report for the year ended December 31, 2020 from the Company’s independent registered public accounting firm includes an explanatory paragraph stating that the Company’s recurring losses from operations and cash outflows from operating activities raise substantial doubt about FF’s ability to continue as a going concern. However, after the closing of the Business Combination and the PIPE Financing on July 21, 2021, the Company received cash aggregating $991,053 and made payments, through the date that the unaudited Condensed Consolidated Financial Statements were available to be issued, of (i) $28,355 to vendors with payables in the Vendor Trust; (ii) $31,820 to related party notes payable holders and $57,691 to notes payable holders for principal and accrued interest; (iii) $9,592 to active and former employees; and (iv) $17,466 to other vendors. Management expects that the net proceeds from the Business Combination along with cash balances held by the Company prior to the Closing Date will be sufficient to complete the final stages of the development and production of the FF 91 electric vehicle. Achievement of the Company’s operating plan as well as its ability to maintain an adequate level of liquidity are subject to various risks associated with the Company’s ability to continue to successfully close additional sources of funding and/or refinance existing notes payable arrangements. The Company’s forecasts and projections of working capital reflect significant judgment and estimates for which there are inherent risks and uncertainties.

As of June 30, 2021, the Company was in default on related party notes payable and notes payable with principal amounts of $147,093 and $40,935, respectively. Immediately prior to the Business Combination, the Company converted (i) related party notes payable and notes payables with aggregated principal amounts of $130,479 and $56,000 respectively, into 119,191,029 shares of Class A-2 Preferred Stock; (ii) notes payable with an aggregate principal balance of $17,600 into 15,792,771 shares of Class A-1 Preferred Stock; and (iii) notes payable with a principal balance of $1,500 into 1,281,976 shares of Class A-3 Preferred Stock. As part of the close of the Business Combination and through the date that the unaudited Condensed Consolidated Financial Statements were available to be issued, the Company converted into equity or paid in cash related party notes payable with aggregated principal amounts of $60,104 and notes payables with principal amounts aggregating $116,518, including the aforementioned amounts in default at June 30, 2021. As such, no adverse action was taken or is expected to be taken by the respective note holders. See Note 15. Subsequent Events for more information related to the Business Combination.

COVID-19 Pandemic

The World Health Organization declared a global emergency on March 11, 2020, with respect to the outbreak of a novel strain of coronavirus, or COVID-19 pandemic. There are many uncertainties regarding the current global COVID-19 pandemic. The Company is closely monitoring the impact of the pandemic on all aspects of its business, including the impact on its employees, suppliers, vendors, and business partners.

The pandemic has resulted in government authorities implementing numerous measures to try to contain the virus, such as travel bans and restrictions, quarantines, stay-at-home or shelter-in-place orders, and business shutdowns. For example, the Company’s employees based in California have been subject to stay-at-home orders from state and local governments. These measures may adversely impact the Company’s employees and operations and the operations of suppliers and business partners and could negatively impact the construction schedule of the Company’s manufacturing facility and the production schedule of the FF 91 electric vehicle. In addition, various aspects of the Company’s business and manufacturing facility cannot be conducted remotely. The extent of the continuing impact of the COVID-19 pandemic on the Company’s operational and financial performance is uncertain and will depend on many factors outside the Company’s control, including, without limitation, the timing, extent, trajectory and duration of the pandemic; the availability, distribution and effectiveness of vaccines; the imposition of protective public safety measures; and the impact of the pandemic on the global economy and demand for consumer products. Future measures taken by government authorities in response the COVID-19 pandemic could adversely affect the Company’s construction and manufacturing plans, sales and marketing activities, and business operations.

At the date these financial statements were available to be issued, the Company does not anticipate any material impairments as a result of COVID-19. The Company will continue to evaluate the impacts of COVID-19 on an ongoing basis.

Liquidity and Capital Resources and Going Concern

Since inception, the Company has incurred cumulative losses from operations, negative cash flows from operating activities and has an accumulated deficit of $2,391,139 as of December 31, 2020. As of the date of this report, there were $19,196 in related party notes payable and notes payable in default. The Company has funded its operations and capital needs primarily through the net proceeds received from capital contributions, the issuance of related party notes payable and notes payable (Notes 8 and 9) and the sale of preferred and ordinary stock (Note 12). The vast majority of related party notes payable and notes payable and equity have been funded by entities controlled or previously controlled by the Company’s founder and former CEO. Since its formation, the Company has devoted substantial effort and capital resources to strategic planning, engineering, design and development of its planned electric vehicle platform, development of initial electric vehicle models, and capital raising. The achievement of the Company’s operating plans and maintenance of an adequate level of liquidity are subject to various risks associated with the ability to continue to successfully close additional sources of funding, and/or refinance existing related party notes payable and notes payable arrangements. The Company’s forecasts and projections of working capital reflect significant judgment and estimates for which there are inherent risks and uncertainties. Management’s plans include the continued development of its electric vehicle platform and bringing electric vehicle models to market. The Company expects to continue to generate significant operating losses for the foreseeable future. The plans are dependent on the Company being able to continue to raise significant amounts of capital through the issuance of additional notes payable and equity securities.

There can be no assurance that the Company will be successful in achieving its strategic plans, that the Company’s future capital raises will be sufficient to support its ongoing operations, or that any additional financing will be available in a timely manner or on acceptable terms, if at all. If the Company is unable to raise sufficient financing or events or circumstances occur such that the Company does not meet its strategic plans, the Company will be required to reduce certain discretionary spending, alter or scale back vehicle development programs, be unable to develop new or enhanced production methods, or be unable to fund capital expenditures, which would have a material adverse effect on the Company’s financial position, results of operations, cash flows, and ability to achieve its intended business objectives. Based on its recurring losses from operations since inception, expectation of continued operating losses for the foreseeable future, and the need to raise additional capital to finance its future operations, as of April 5, 2021, the date the consolidated financial statements for the year ended December 31, 2020, were available to be issued, the Company has concluded that there is substantial doubt about its ability to continue as a going concern for a period of one year from the date that these consolidated financial statements are issued.

The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Accordingly, the consolidated financial statements have been prepared on a basis that assumes the Company will continue as a going concern and which contemplates the realization of assets and satisfaction of liabilities and commitments in the ordinary course of business.

COVID-19 Pandemic

The World Health Organization declared a global emergency on March 11, 2020 with respect to the outbreak of a novel strain of coronavirus, or COVID-19 pandemic. There are many uncertainties regarding the current global COVID-19 pandemic, and the Company is closely monitoring the impact of the pandemic on all aspects of its business, including the impact on its employees, suppliers, vendors, and business partners.

The evolution of the virus is unpredictable. A COVID-19 vaccine is being administered, however, the speed and extent of vaccination is unpredictable and any resurgence may slow down the Company’s ability to ramp-up its production program to satisfy investors and potential customers. Any delay to production will delay the Company’s ability to launch the FF 91 vehicle and begin generating revenue. The COVID-19 pandemic could limit the ability of suppliers and business partners to perform, including third party suppliers’ ability to provide components and materials used in the FF 91 vehicle. The Company may also experience an increase in the cost of raw materials. At the time of this report, the Company does not anticipate any material impairments as a result of COVID-19, however, the Company will continue to evaluate the impacts of COVID-19 on an ongoing basis. As such, it is uncertain as to the full magnitude that the pandemic will have on the Company’s financial condition, liquidity, and future results of operations.

Variable Interest Entities and Joint Ventures

6 Months Ended

Jun. 30, 2021

FF Intelligent Mobility Global Holdings Ltd [Member]

Variable Interest Entities and Joint Ventures [Line Items]

Variable Interest Entities and Joint Ventures

Variable Interest Entities and Joint Ventures

The LeSee Arrangement

In November 2017, as part of a broader corporate reorganization and to facilitate third-party investment, the Company incorporated its top-level holding company, Smart King, Ltd., in the Cayman Islands to enable effective control over the Company’s Chinese operating entity, FF Hong Kong Holding Ltd., and its subsidiaries without direct equity ownership. The Company entered into a series of contractual arrangements (“VIE contractual arrangements”) with LeSEE and LeSEE Zhile Technology Co., Ltd. (“LeSEE Zhile”), a related party of the Company, to enable the Company to exercise effective control over LeSEE and its subsidiaries, to receive substantially all of the economic benefits of such entities, and to have an exclusive option to purchase all or part of the equity interests in LeSEE.

On August 5, 2020, an equity transfer agreement (the “Equity Transfer Agreement”) was entered into between the Company and LeSEE Zhile, pursuant to which, LeSEE Zhile transferred 48% equity of LeSEE to the Company for no consideration. After the transfer, LeSEE Zhile owned 1% of LeSEE and the Company owned 99% of LeSEE, making LeSEE a majority-owned subsidiary of the Company and no longer a VIE, since LeSEE is consolidated through majority voting and equity interests.

The The9 Arrangement

On March 24, 2019, the Company entered into a Joint Venture Agreement (“JVA”) with The9 Limited (“The9”). Pursuant to the JVA, the Company and The9 agreed to establish an equity joint venture in Hong Kong, which would in turn establish a wholly-owned subsidiary in China, intended to engage in the business of manufacturing, marketing, selling, and distributing the planned Faraday Future Icon V9 model electric vehicle in China. The Company and The9 would each be 50% owners of the joint venture. The9 made a $5,000 non-refundable initial deposit (“The9 Conditional Obligation”) to the Company to participate in the joint venture. The9 has the right to convert the initial deposit into various classes of stock in the Company. For accounting purposes, the deposit is a financial instrument that embodies a conditional obligation that the issuer may settle by issuing a variable number of shares. The9 Conditional Obligation was measured at fair value, was remeasured at each reporting period, and represents a Level 3 financial instrument under the fair value hierarchy. (See Note 7. Fair Value of Financial Instruments). The fair value of The9 Conditional Obligation was $1,128 as of December 31, 2020 and is included in Current Liabilities on the unaudited Condensed Consolidated Balance Sheets. On November 22, 2020, the parties entered into an agreement to convert the initial deposit into Class B Ordinary Stock in the Company. Neither the Company nor The9 have made contributions to the joint venture as of June 30, 2021 and it has yet to commence business activities. The9 Conditional Obligation was converted into 2,944,011 shares of Class B Ordinary Stock on February 23, 2021.

The Tier-1 Chinese City Arrangement

In September 2020, the Company entered into a non-binding memorandum of understanding with a tier-1 city in China, whose affiliated entities are subscribers in the PIPE Financing, pursuant to which the Company established a joint venture entity (the “JV”) in China. The Company operates and controls the JV. The strategic partnership is subject to a binding definitive agreement and certain related transactions and agreement by the parties, under which the Company will receive capital of no less than $500,000 through the closing of the Merger Agreement. In December 2020, the JV was established as an entity wholly-owned by the Company, which will primarily engage in the activities contemplated in the memorandum of understanding. The tier-1 Chinese city will be allocated its respective equity interest in the JV upon contribution of assets to the JV. There has been no activity related to, or contributions of assets into, the JV by either party as of June 30, 2021.

The Geely Arrangement

In December 2020, the Company entered into a non-binding memorandum of understanding with Zhejiang Geely Holding Group Co., Ltd. (“Geely Holding”), who is also a subscriber in the PIPE Financing, pursuant to which the parties contemplate a strategic cooperation in various areas including engineering, technology, supply chain, and contract manufacturing (“Geely JV”).

In January 2021, the Company and Geely Holding entered into a cooperation framework agreement and a license agreement that set forth the major commercial understanding of the proposed cooperation among the parties in the areas of potential investment into the Geely JV, engineering, technology, and contract manufacturing support. The foregoing framework agreement and the license agreement may be terminated if the parties fail to enter into the joint venture definitive agreement or to close the Merger Agreement and related transactions.

New Accounting Pronouncements

6 Months Ended

Jun. 30, 2021

FF Intelligent Mobility Global Holdings Ltd [Member]

New Accounting Pronouncements [Line Items]

New Accounting Pronouncements

New Accounting Pronouncements

Recently Adopted Accounting Pronouncements

In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-15, Intangibles — Goodwill and Other — Internal-Use Software (Subtopic 350-40) (“ASU 2018-15”), which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The amendments in this update were effective for fiscal periods beginning after December 15, 2020. The Company adopted ASU 2018-15 as of January 1, 2021. The adoption did not have a material impact on the Company’s consolidated financial position, results of operations, or cash flows.

In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”). This amendment was issued to simplify the accounting for income taxes by removing certain exceptions for recognizing deferred taxes, performing intra-period allocation, and calculating income taxes in interim periods. Further, ASU 2019-12 adds guidance to reduce complexity in certain areas, including recognizing deferred taxes for tax basis goodwill and allocating taxes to members of a consolidated group. ASU 2019-12 is effective for fiscal years beginning after December 15, 2021 and interim periods within fiscal years beginning after December 15, 2022. The Company early adopted the standard as of January 1, 2021. The adoption did not have a material effect on the Company’s financial position, results of operations, or cash flows.

Recently Issued Accounting Pronouncements Not Yet Adopted

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) (“Topic 842”), which outlines a comprehensive lease accounting model that supersedes the current lease guidance. The new guidance requires lessees to recognize lease liabilities and corresponding right-of-use assets for all leases with lease terms of greater than 12 months. It also changes the definition of a lease and expands the disclosure requirements of lease arrangements. In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842) - Targeted Improvements, which provides the option of an additional transition method that allows entities to initially apply the new lease guidance at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. In June 2020, the FASB issued ASU No 2020-05, Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842) - Effective Dates for Certain Entities, that delayed the effective date of Topic 842 to fiscal years beginning after December 15, 2021 for private companies. It also changed the definition of a lease and expands the disclosure requirements of lease arrangements. The Company is expected to be an emerging growth company and will delay adopting Topic 842 until the fiscal year ending December 31, 2022. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements.

In August 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”). The ASU simplifies the accounting for convertible instruments by removing certain separation models in ASC 470- 20, Debt — Debt with Conversion and Other Options, for convertible instruments. The ASU updates the guidance on certain embedded conversion features that are not required to be accounted for as derivatives under Topic 815, Derivatives and Hedging, or that do not result in substantial premiums accounted for as paid-in capital, such that those features are no longer required to be separated from the host contract. The convertible debt instruments will be accounted for as a single liability measured at amortized cost. Further, the ASU made amendments to the earnings per share guidance in Topic 260 for convertible instruments, the most significant impact of which is requiring the use of the if-converted method for diluted EPS calculation, and no longer allowing the net share settlement method. The ASU also made revisions to Topic 815-40, which provides guidance on how an entity must determine whether a contract qualifies for a scope exception from derivative accounting. The amendments to Topic 815-40 change the scope of contracts that are recognized as assets or liabilities. ASU 2020-06 is effective for interim and annual periods beginning after December 15, 2023, with early adoption permitted. Adoption of the ASU can either be on a modified retrospective or full retrospective basis. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Property and equipment, net

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

FF Intelligent Mobility Global Holdings Ltd [Member]

Property and equipment, net [Line Items]

Property and Equipment, Net

Property and Equipment, Net

Property and equipment, net, consists of the following as of the following dates:

	June 30, 2021			December 31, 2020
Land	$	13,043		$	13,043
Buildings		21,899			21,899
Building improvements		8,940			8,940
Computer hardware		4,058			4,058
Tooling, machinery, and equipment		5,475			5,451
Vehicles		583			583
Computer software		7,095			7,095
Leasehold improvements		298			298
Construction in process		246,817			251,633
Less: Accumulated depreciation		(20,490	)		(19,067	)
Total property and equipment, net	$	287,718		$	293,933

For the six months ended June 30, 2021, the Company entered into an agreement to finalize the cost of certain construction in process assets. As a result of the agreement, the Company reduced the cost of these assets in construction in process as well as the corresponding liability within Accounts Payable and Accrued Expenses by $5,744 on the Condensed Consolidated Balance Sheet as of June 30, 2021.

Property and Equipment, Net

Property and equipment, net, consists of the following as of December 31:

	2020			2019
Land	$	13,043		$	13,043
Buildings		21,899			21,891
Building improvements		8,940			8,940
Computer hardware		4,058			4,058
Machinery and equipment		5,451			5,375
Vehicles		583			583
Computer software		7,095			7,095
Leasehold improvements		298			298
Construction in process		251,633			247,133
Less: Accumulated depreciation		(19,067	)		(15,890	)
Total property and equipment, net	$	293,933		$	292,526

The Company’s construction in process is primarily related to the construction of tooling, machinery and equipment for the Company’s production facility in Hanford, California. Tooling, machinery and equipment are either held at Company facilities, primarily the Hanford plant, or at the vendor’s location until the tooling, machinery and equipment is completed. Of the $251,633 and $247,133 of CIP, $42,734 and $40,309 is held at Company facilities and $208,899 and $206,824 is held at vendor locations as of December 31, 2020 and 2019, respectively. The Company recorded $1,727 and $1,997 of interest expense related to CIP held at vendor locations during the years ended December 31, 2020 and 2019, respectively, in interest expense on the consolidated statements of operations and comprehensive loss.

Depreciation expense totaled $3,177 and $4,835 and amortization expense totaled $340 and $353 for the years ended December 31, 2020 and 2019, respectively. For the years ended December 31, 2020 and 2019, depreciation and amortization expense of $1,193 and $311, respectively, is classified within research and development expense and $2,324 and $4,877, respectively, is classified within general and administrative expense on the consolidated statements of operations and comprehensive loss.

The Company has capital leases in Hanford, California for its main production facility and Gardena, California for its headquarters. See Note 9 Notes Payable. Capital leases of $43,882 and $43,874 have been capitalized within property and equipment as land, buildings, and building improvements as of December 31, 2020 and 2019, respectively. Accumulated depreciation was $5,573 and $3,592 as of December 31, 2020 and 2019, respectively.

The Company recognized $10 and $4,843 related to losses on the disposal of property and equipment in loss on disposal of property and equipment on the consolidated statements of operations and comprehensive loss during the years ended December 31, 2020 and 2019, respectively. Land and related improvements for property owned in Las Vegas, Nevada classified as held for sale of $29,038 was sold in 2019 for a total of $16,900, which resulted in a $12,138 loss on disposal recognized in loss on disposal of asset held for sale on the consolidated statements of operations and comprehensive loss. The Company originally purchased the 900-acre plot of land in Nevada in 2015 to build a manufacturing facility. Subsequently, a strategic business decision was made to lease a pre-built factory, which would allow the Company to accelerate the progression of its vehicle to market.

In 2017, land use rights were granted by the government of Zhejiang (China) for use of a parcel of land located in the city of Moganshan, based on multiple conditions, including a minimum investment in the construction of a facility of $500,000 and the commencement of construction before December 31, 2017. Based on the terms of the agreement, the Company could use this parcel of land for 50 years with a 10% upfront payment of $6,440 that would be refunded to the Company if certain conditions were met. The land use rights were recorded as an intangible asset at cost plus taxes for $66,332 and was expected to be amortized over a life of 50 years. The value of the land was agreed with the government of Zhejiang and considered the values for similar size and use properties in the area. In addition, the Company had recorded a corresponding liability of $57,960 related to the receipt of a government grant to develop the land equal to 90% of the land cost which was expected to be amortized over 50 years. The Company recognized amortization expense of $735 in general and administrative expense on the consolidated statements of operations and comprehensive loss during the year ended December 31, 2019. Additionally, the Company recognized amortization expense of the grant liability of $913 as a reduction of general and administrative expense on the consolidated statements of operations and comprehensive loss during the year ended December 31, 2019.

During the year ended December 31, 2019, the Company did not meet all requirements necessary to comply with the agreement; therefore, the land use rights were cancelled and reverted to the government of Zhejiang. The Company derecognized the land use rights and the land use grant liability of $58,485 and $51,103, respectively. As part of the cancellation, the Company received cash of $15,902 and incurred tax expense of $2,947, resulting in a gain of $11,467 recorded in gain on cancellation of land use rights on the consolidated statements of operations and comprehensive loss during the year ended December 31, 2019.

Accrued Expenses and Other Current Liabilities

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

FF Intelligent Mobility Global Holdings Ltd [Member]

Accrued Expenses and Other Current Liabilities [Line Items]

Accrued Expenses and Other Current Liabilities

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following as of the following dates:

	June 30, 2021		December 31, 2020
Accrued expenses and other current liabilities
Accrued payroll and benefits	$	27,039	$	19,180
Accrued legal contingencies		12,333		5,025
Capital lease, current portion		1,926		4,396
Deferred rent, current portion		—		3
Tooling, machinery, and equipment received not invoiced		795		509
Deposits from customers		3,667		3,523
Due to affiliates		7,658		5,123
Other current liabilities		6,303		14,623
Total accrued expenses and other current liabilities	$	59,721	$	52,382

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following as of December 31:

	2020		2019
Accrued expenses and other current liabilities
Accrued payroll and benefits	$	19,180	$	16,717
Accrued legal contingencies		5,025		3,305
Capital lease, current portion		4,396		1,661
Deferred rent, current portion		3		174
Tooling, machinery and equipment received not invoiced		509		1,389
Deposits from customers		3,523		14,923
Due to affiliates		5,123		467
Other current liabilities		14,623		9,629
	$	52,382	$	48,265

Fair Value of Financial Instruments

6 Months Ended

11 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Fair Value of Financial Instruments [Line Items]

Fair Value of Financial Instruments

NOTE 9. FAIR VALUE MEASUREMENTS

The Company follows the guidance in ASC 820 for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually.

The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:

	Level 1:	Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

	Level 2:	Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active.

	Level 3:	Unobservable inputs based on our assessment of the assumptions that market participants would use in pricing the asset or liability.

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at June 30, 2021 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

Description	Level		June 30, 2021		December 31, 2020
Assets:
Marketable securities held in Trust Account		1	$	229,788,742	$	229,884,479

Liabilities:
Warrant Liability – Private Placement Warrants		3	$	6,605,462	$	630,224
Convertible Promissory Notes – Related Party		3		480,400		—

The Private Placement Warrants were accounted for as liabilities in accordance with ASC 815-40 and are presented within warrant liabilities on our balance sheet. The warrant liabilities are measured at fair value at inception and on a recurring basis, with changes in fair value presented within change in fair value of warrant liabilities in the consolidated statement of operations.

The Private Placement Warrants were initially valued using a binomial lattice model, which is considered to be a Level 3 fair value measurement. The binomial lattice model’s primary unobservable input utilized in determining the fair value of the Private Placement Warrants is the expected volatility of the common stock. The expected volatility as of the IPO date was derived from observable public warrant pricing on comparable ‘blank-check’ companies without an identified target. The expected volatility as of subsequent valuation dates will be implied from the Company’s own public warrant pricing.

The key inputs into the binomial lattice simulation model for the Private Placement Warrants were as follows at June 30, 2021 and December 31, 2020:

Input	June 30, 2021			December 31, 2020
Risk-free interest rate		0.83	%		0.35	%
Trading days per year		252			252
Expected volatility		87.6	%		17.4	%
Exercise price	$	11.50		$	11.50
Stock Price	$	15.58		$	10.00

There were no transfers between Levels 1, 2 or 3 during the three months ended June 30, 2021.

The following table presents the changes in the fair value of warrant liabilities:

	Private Placement Warrants
Fair value as of January 1, 2021	$	630,224
Change in valuation inputs or other assumptions		5,975,238
Fair value as of June 30, 2021	$	6,605,462

The Company elected the fair value option for the Convertible Promissory Notes. The fair value of the Convertible Promissory Notes was determined using a binomial lattice simulation model, which is considered to be a Level 3 fair value measurement.

The estimated fair value of the Convertible Promissory Notes was based on the following significant inputs:

	June 30, 2021
Risk-free interest rate	$	0.83	%
Trading days per year	$	252
Expected volatility		87.6	%
Exercise price	$	11.50
Stock Price	$	15.58
Probability of transaction		90.0	%

There were no transfers in or out of Level 3 from other levels in the fair value hierarchy during the three months ended June 30, 2021.

The following table presents the changes in the fair value of the Level 3 Convertible Promissory Notes:

	Convertible Promissory Note
Fair value as of January 1, 2021	$	—
Proceeds received through Convertible Promissory Note		200,000
Change in valuation inputs or other assumptions		280,400
Fair value as of June 30, 2021	$	480,400

NOTE 11. FAIR VALUE MEASUREMENTS (RESTATED)

		Level 1:		Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

		Level 2:		Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active.

		Level 3:		Unobservable inputs based on our assessment of the assumptions that market participants would use in pricing the asset or liability.

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2020, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

The key inputs into the binomial lattice simulation model for the Private Placement Warrants were as follows at initial measurement, September 30, 2020, and December 31, 2020:

Input	July 24, 2020 (Initial Measurement)			September 30, 2020			December 31, 2020
Risk-free interest rate		0.34	%		0.34	%		0.34	%
Trading days per year		252			252			252
Expected volatility		27.0	%		27.0	%		27.0	%
Exercise price	$	11.50		$	11.50		$	11.50
Stock Price	$	10.00		$	10.00		$	10.00

The following table presents the changes in the fair value of the Private Placement Warrants:

	Warrant Liability
Fair value as of February 11, 2020 (inception)	$	—
Initial measurement on July 24, 2020		154,583
Change in valuation inputs or other assumptions		475,641
Fair value as of December 31, 2020	$	630,224

There were no transfers in or out of Level 3 from other levels in the fair value hierarchy.

FF Intelligent Mobility Global Holdings Ltd [Member]

Fair Value of Financial Instruments [Line Items]

Fair Value of Financial Instruments

Fair Value of Financial Instruments

Fair Value Measurements

The Company applies the provisions of ASC 820, Fair Value Measurement, which defines a single authoritative definition of fair value, sets out a framework for measuring fair value and expands on required disclosures about fair value measurements. The provisions of ASC 820 relate to financial assets and liabilities as well as other assets and liabilities carried at fair value on a recurring and nonrecurring basis. The standard clarifies that fair value is an exit price representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, the standard establishes a three-tier value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

	Level 1	Valuations for assets and liabilities traded in active exchange markets, or interest in open-end mutual funds that allow a company to sell its ownership interest back at net asset value on a daily basis. Valuations are obtained from readily available pricing sources for market transactions involving identical assets, liabilities, or funds.

	Level 2	Valuations for assets and liabilities traded in less active dealer, or broker markets, such as quoted prices for similar assets or liabilities or quoted prices in markets that are not active. Level 2 instruments typically include U.S. Government and agency debt securities and corporate obligations. Valuations are usually obtained through market data of the investment itself as well as market transactions involving comparable assets, liabilities or funds.

	Level 3	Valuations for assets and liabilities that are derived from other valuation methodologies, such as option pricing models, discounted cash flow models or similar techniques, and not based on market exchange, dealer, or broker-traded transactions. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities.

The Company has elected to apply the fair value option to certain related party notes payable and notes payable with conversion features as discussed in Note 8. Related Party Notes Payable and Note 9. Notes Payable.

Related Party Notes Payable and Notes Payable at Fair Value

The Company has elected to measure certain related party notes payable and notes payable at fair value issued under the Notes Purchase Agreement, as amended (“NPA, as amended”) because they contain embedded liquidation premiums with conversion rights that represent embedded derivatives (See Note 8. Related Party Notes Payable and Note 9. Notes Payable). The Company employed the yield method to value the related party notes payable and notes payable. This valuation method uses a discounted cash flow analysis, estimating the expected cash flows for the debt instrument in different scenarios and then discounting them at the market yield. The significant unobservable input used in the fair value measurement is the market yield. The market yield is determined using external market yield data, including yields exhibited by publicly traded bonds by S&P credit rating as well as the borrowing rates of guideline public companies. The yield is affected by the market movements in credit spreads and bond yields. In general, increases in the yield would decrease the fair value of the liability, and conversely, decreases in the yield would increase the fair value of the liability.

The fair value adjustments related to related party notes payables and notes payables were recorded in Change in Fair Value Measurement of Related Party Notes Payable and Notes Payable, and Warrant Liabilities on the unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss.

Warrants

In conjunction with notes payable agreements entered into with Ares Capital Corporation (“Ares”) on March 1, 2021, the Company agreed to issue warrants to purchase a variable number of FFIE shares (“Ares Warrants”). The Ares Warrants meet the definition of derivative, since the Ares Warrants are not indexed to the entity’s own equity and therefore do not meet the scope exception in ASC 815. The Company records any changes in fair value of the warrant liability on the unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss. The Company initially recorded the warrant liability at its fair value of $5,000, with any difference between the proceeds received and the initial fair values of the debt and warrants recorded in Interest Expense. As of June 30, 2021, the fair value of the warrants was $7,880. The warrant liability is included in Other Liability, Less Current Portion on the unaudited Condensed Consolidated Balance Sheets as of June 30, 2021, and the fair value adjustment related to the warrants was recorded in Change in Fair Value Measurement of Related Party Notes Payable, Notes Payable, and Warrant Liabilities in the unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss (see Note 9. Notes Payable).

The Company used the Black-Scholes option pricing model to value the Ares Warrants. The Black-Scholes model requires the use of several assumptions including, the exercise price of the warrant, the term over which the warrants can be exercised, the risk-free rate, the stock price, and the volatility of the underlying stock price. Additionally, upon their issuance, the Ares Warrants were valued under two scenarios using the Black-Scholes option pricing model, one with an 80 percent probability that the Business Combination would occur and a second with a 20 percent probability that the Business Combination would not occur. As of June 30, 2021, the probability of close of the merger increased to 95%. Fair value measurements associated with the warrant liabilities, the related party notes payable, and notes payable represent Level 3 valuations under the fair value hierarchy.

In conjunction with additional notes issued under the NPA, as amended, (see Note 9. Notes Payable) on various dates in January and March 2021, the Company issued warrants to purchase an aggregate of 2,437,454 shares of Class A Ordinary Stock of the Company. The fair value of the warrants was recorded in equity because the warrants meet the derivative accounting scope exception in ASC 815 for certain contracts involving an entity’s own equity. The Company estimated the fair value of the warrants to be $1,988 which is included in Additional Paid-in Capital (“APIC”) on the unaudited Condensed Consolidated Balance Sheets as of June 30, 2021.

In conjunction with the issuance of notes payable to a US-based investment firm on June 9, 2021, (see Note 9. Notes Payable) the Company issued warrants to purchase up to 5,831,357 of the Company’s Class A Ordinary Stock for $2.5723 per share (“Exercise Price”) on or before June 9, 2028. Upon the occurrence of: (i) a merger of the Company; (ii) a sale of substantially all of the Company’s assets; (iii) a change in control; (iv) a reclassification, reorganization or recapitalization of the Ordinary Stock; or (v) the closing of the Business Combination (collectively, “Fundamental Transaction”), the warrants shall be exercisable within 15 days and the Exercise Price of the warrants shall be adjusted to equal the lower of: (i) $2.5723 per share; (ii) the pre-money valuation ascribed to the Company in connection with the Fundamental Transaction divided by the pro-forma fully diluted capitalization of the Company; and (iii) the lowest effective net price per share of Class A Ordinary Stock paid for by any third party at the time of, or in connection with, the Fundamental Transaction. The Company determined the warrants are indexed to the Company’s equity and, as such, meets the scope exception in accordance with ASC 815. The Company estimated the fair value of the warrants to be $5,125, which is included in APIC on the unaudited Condensed Consolidated Balance Sheets as of June 30, 2021.

The Company employed the Black-Scholes valuation model to value the June 9, 2021 warrants. The Black-Scholes model requires the use of several assumptions including the warrant exercise price, the term of the warrants, the risk-free rate, the stock price, and the volatility of the underlying stock price.

The significant assumptions used in the valuations of the June 9, 2021 notes payable and warrants were the probability of close of the Business Combination and the weight assigned to the PSAC’s Class A Common Shares and the Company’s Class A Ordinary Shares, whereas as of the issuance date and June 30, 2021, the probability scenarios were 80 percent and 60 percent versus 95 percent and 75 percent, respectively. Management has determined that progress made towards the close of the Business Combination, mainly PSAC’s Form S-4 being declared effective on June 24, 2021, contributed to additional certainty with regards to the close.

Fair value measurements associated with the warrant liabilities, the related party notes payable, and notes payable represent Level 3 valuations under the fair value hierarchy.

Recurring Fair Value Measurements

Financial assets and financial liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The following tables present financial assets and liabilities remeasured on a recurring basis by level within the fair value hierarchy:

	June 30, 2021
	Level 1		Level 2		Level 3
Related party notes payable	$	—	$	—	$	21,769
Notes payable		—		—		213,504
Warrant liabilities		—		—		7,880

	December 31, 2020
	Level 1		Level 2		Level 3
Related party notes payable	$	—	$	—	$	21,627
Notes payable		—		—		71,064
The9 Conditional Obligation		—		—		1,128

The carrying amounts of the Company’s financial assets and liabilities, including cash, restricted cash, deposits, and accounts payable approximate fair value because of their short-term nature or contractually defined value.

The following table summarizes the activity of the Level 3 fair value measurements:

	Related Party Notes Payable at Fair Value		Notes Payable at Fair Value			The9 Conditional Obligation			Warrant Liabilities
Balance as of December 31, 2020	$	21,627	$	71,064		$	1,128		$	—
Proceeds, net of original issuance discount		—		111,641			—			—
Consent fees		—		1,334			—			—
Original issue discount ⁽¹⁾		—		9,060			—			—
Issue costs paid by lender		—		1,900			—			—
Conversion to equity		—		—			(2,863	)		—
Proceeds allocated to warrants		—		(5,125	)		—			—
Recognition of warrant liability		—		—			—			5,000
Changes in fair value		142		23,630			1,735			2,880
Balance as of June 30, 2021	$	21,769	$	213,504		$	—		$	7,880

(1)

Included in Change in Fair Value Measurement of Related Party Notes Payable, Notes Payable, and Warrant Liabilities on the Condensed Consolidated Statements of Operations and Comprehensive Loss.

Fair Value of Financial Instruments

Related Party Notes Payable and Notes Payable at Fair Value

The Company entered into a Term Loan Agreement (“TLA”) with BL Mobility Fundco, LLC as the lender, and Birch Lake Fund Management, LP as the agent and collateral agent and a Note Purchase Agreement (“NPA”) with certain lenders identified therein, U.S. Bank National Association, as the notes agent, and Birch Lake Fund Management, LP as the collateral agent both dated as of April 29, 2019. See (7) of Note 9 Notes Payable. Additionally, the Company entered into a Senior Convertible Promissory Note with a third-party lender, FF Ventures SPV IX LLC, on September 9, 2020 and a Secured Promissory Note with BL FF Fundco, LLC as the lender on October 9, 2020. See (8) and (9) of Note 9 Notes Payable. The Company has elected to measure these notes using the fair value option under ASC 825 because of the embedded liquidation premiums with conversion rights that represent embedded derivatives and would require bifurcation and fair value measurement if this election was not made. The Company will record any changes in fair value within change in fair value measurement of related party notes payable and notes payable on the consolidated statements of operations and comprehensive loss. Fair value measurements associated with the related party notes payable and notes payable represent Level 3 valuations under the fair value hierarchy. The Company employed the yield method to value the related party notes payable and notes payable. This valuation method uses a discounted cash flow analysis, estimating the expected cash flows for the debt instrument and then discounting them at the market yield. The market yield is determined using external market yield data, including yields exhibited by publicly traded bonds by S&P credit rating as well as the borrowing rates of guideline public companies.

The Company recognized $105 and $3,410 due to the change in fair value of related party notes payable for the years ended December 31, 2020 and 2019, respectively. The Company recognized $8,842 and $11,773 due to the change in fair value of the notes payable for the years ended December 31, 2020 and 2019, respectively. The amounts were recorded in change in fair value measurement of related party notes payable and notes payable on the consolidated statements of operations and comprehensive loss.

The Company settled the TLA by paying the outstanding principal of $15,000 and the liquidation premium of $6,668 during the year ended December 31, 2019.

Put Option

Pursuant to two put agreements entered into in 2015 (the “Put Agreements”), the Company may have been required to purchase up to 20,325,016 shares of Easy Go, Inc. (“Easy Go”), a company that operates a ride share platform in China, from certain shareholders of Easy Go in exchange for aggregate consideration ranging from approximately $232,700 to $290,900 depending on whether the put arrangements are settled for cash or shares of the Company. As of January 2019, all Put Agreements expired unexercised, resulting in the final remeasurement and removal of the put option liabilities. At the time of execution, Easy Go and other entities that held Easy Go shares subject to the Put Agreements were affiliated with the Company’s founder and former CEO through common ownership interests and accordingly, the Put Agreements were related party transactions.

The Put Agreements constituted freestanding written put options that were accounted for at fair value with changes in fair value recorded in gain on expiration of put option on the consolidated statements of operations and comprehensive loss. Fair value measurements associated with the Put Agreements represented Level 3 valuations under the fair value hierarchy. The Company utilized the probability weighted expected return method to value the Put Agreements, based on the estimated potential liability under different scenarios, assumed probabilities of exercise, and assumed probability of settlement in stock or cash. Because the Put Agreements effectively represented the exchange of cash and share ownership of the Company for shares of Easy Go, the underlying fair value of the equity of the Company and Easy Go, as well as the probabilities associated with likelihood of exercise most significantly impact the value of the Put Agreements. The determination of fair value associated with the equity of both the Company and Easy Go are subject to a number of various assumptions given such shares do not trade in active markets. However, the Company utilized recent third-party sales of the equity securities of Easy Go in determining the inputs to the valuation model. The Company believes that such inputs represent objective and reliable indications of value. Probabilities associated with the likelihood of exercise were determined based upon an evaluation of the operating activities, growth, liquidity, achievement of milestones and other factors associated with Easy Go and the Company.

The Put Agreements expired unexercised during 2019, therefore the Company is no longer subject to the rights and obligations as specified by the Put Agreements.

The change in fair value due to the expiration of the Put Agreements resulted in a gain of $43,239 recorded in gain on expiration of put option on the consolidated statements of operations and comprehensive loss for the year ended December 31, 2019.

Recurring Fair Value Measurements

	December 31, 2020
	Level 1		Level 2		Level 3
Related party notes payable	$	—	$	—	$	21,627
Notes payable		—		—		71,064
The9 Conditional Obligation		—		—		1,128

	December 31, 2019
	Level 1		Level 2		Level 3
Related party notes payable	$	—	$	—	$	21,522
Notes payable		—		—		32,222
The9 Conditional Obligation		—		—		5,000

The following table summarizes the activity of the Level 3 fair value measurements:

	Related Party Notes Payable at Fair Value		Notes Payable at Fair Value			Put Option			The9 Conditional Obligation
Balance as of December 31, 2018	$	—	$	—		$	43,239		$	—
Proceeds		18,112		42,117			—			5,000
Changes in fair value		3,410		11,773			—			—
Settlements/expiration		—		(21,668	)		(43,239	)		—
Balance as of December 31, 2019		21,522		32,222			—			5,000
Proceeds		—		30,000			—			—
Changes in fair value		105		8,843			—			(3,872	)
Balance as of December 31, 2020	$	21,627	$	71,065		$	—		$	1,128

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Related Party Notes Payable

6 Months Ended

11 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Related Party Notes Payable

NOTE 5. RELATED PARTY TRANSACTIONS

Founder Shares

On February 11, 2020, the Sponsor purchased an aggregate of 5,750,000 shares of the Company’s common stock for an aggregate price of $25,000 (the “Founder Shares”). The Founder Shares included an aggregate of up to 750,000 shares subject to forfeiture by the Sponsor to the extent that the underwriters’ over-allotment was not exercised in full or in part, so that the Sponsor would collectively own 20% of the Company’s issued and outstanding shares after the Initial Public Offering (excluding the Private Shares). As a result of the underwriters’ election to partially exercise their over-allotment option on July 31, 2020 and the expiration of the remaining over-allotment option, 5,608 Founder Shares were forfeited and 744,392 Founder’s Shares are no longer subject to forfeiture, resulting in there being 5,744,392 Founder Shares issued and outstanding.

The Sponsor has agreed, subject to certain limited exceptions, not to transfer, assign or sell any of the Founder Shares until (1) with respect to 50% of the Founder Shares, the earlier of one year after the completion of a Business Combination and the date on which the closing price of the common stock equals or exceeds $12.50 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing after a Business Combination and (2) with respect to the remaining 50% of the Founder Shares, one year after the completion of a Business Combination, or earlier, in either case, if, subsequent to a Business Combination, the Company completes a liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange their shares of common stock for cash, securities or other property.

Advances — Related Party

The Sponsor advanced the Company an aggregate of $75,000 to cover expenses related to the Initial Public Offering. The advances were non-interest bearing and due on demand. The outstanding advances of $75,000 were repaid upon the consummation of the Initial Public Offering on July 24, 2020.

Promissory Note — Related Party

On February 14, 2020, the Company issued an unsecured promissory note to the Sponsor (the “Promissory Note”), pursuant to which the Company may borrow up to an aggregate principal amount of $150,000. The Promissory Note was non-interest bearing and payable on the earlier of (i) December 31, 2020, (ii) the consummation of the Initial Public Offering or (ii) the date on which the Company determines not to proceed with the Initial Public Offering. The outstanding balance under the Promissory Note of $133,000 was repaid upon the consummation of the Initial Public Offering on July 24, 2020. As of June 30, 2021, there was $500,000, outstanding under the Promissory Note, which is currently due on demand.

Administrative Services Agreement

The Company entered into an agreement whereby, commencing on the July 21, 2020, through the earlier of the Company’s consummation of a Business Combination and its liquidation, the Company will pay an affiliate of the Company’s executive officers a total of $10,000 per month for office space and related services. For the three and six months ended June 30, 2021, the Company incurred and paid $30,000 and $60,000 in fees for these services, respectively.

Related Party Loans

In addition, in order to finance transaction costs in connection with a Business Combination, the Sponsor, or certain of the Company’s officers and directors or their affiliates may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the Company completes a Business Combination, the Company would repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans, but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion, up to $1,500,000 of such Working Capital Loans may be convertible into units of the post Business Combination entity at a price of $10.00 per unit. The units would be identical to the Private Units.

On February 28, 2021, the Company entered into a convertible promissory note with the Sponsor pursuant to which the Sponsor agreed to loan the Company up to an aggregate principal amount of $500,000 (the “Note”). The Note is non-interest bearing and due on the date on which the Company consummates a Business Combination. If the Company does not consummate a Business Combination, the Company may use a portion of any funds held outside the Trust Account to repay the Note; however, no proceeds from the Trust Account may be used for such repayment. Up to $500,000 of the Note may be converted into Class A common stock at a price of $10.00 per common stock at the option of the Sponsor. As of the date of these financial statements, there is a $500,000 balance outstanding under the Note.

On June 7, 2021, the Company entered into a convertible promissory note with the Sponsor pursuant to which the Sponsor agreed to loan the Company up to an aggregate principal amount of $200,000 (the “Convertible Note”). The Convertible Note is non-interest bearing and due on the date on which the Company consummates a Business Combination. If the Company does not consummate a Business Combination, the Company may use a portion of any funds held outside the Trust Account to repay the Convertible Note; however, no proceeds from the Trust Account may be used for such repayment. Up to $200,000 of the Note may be converted into units, with each unit consisting of one share of Class A common stock and one Private Placement warrant at a price of $10.00 per unit at the option of the Sponsor. As of the date of these financial statements, there is a $200,000 balance outstanding under the Note. As of June 30, 2021, the aggregate fair market value of the Convertible Note was $480,400 (see Note 9).

NOTE 6. RELATED PARTY TRANSACTIONS

Founder Shares

Administrative Services Agreement

The Company entered into an agreement whereby, commencing on July 21, 2020, through the earlier of the Company’s consummation of a Business Combination and its liquidation, the Company will pay an affiliate of the Company’s executive officers a total of $10,000 per month for office space and related services. For the period from February 11, 2020 (inception) through December 31, 2020, the Company incurred and paid $50,000 in fees for these services.

Advances — Related Party

Promissory Note — Related Party

Related Party Loans

FF Intelligent Mobility Global Holdings Ltd [Member]

Related Party Notes Payable

Related Party Notes Payable

The Company has been significantly funded by notes payable from related parties. These related parties include employees as well as affiliates and other companies controlled or previously controlled by the Company’s founder and former CEO.

Related party notes payable consists of the following as of June 30, 2021:

Note Name	Contractual Maturity Date	Contractual Interest Rates			Unpaid Balance		Fair Value Measurement Adjustments		Net Carrying Value		Interest Expense for the Three Months Ended June 30, 2021		Interest Expense for the Six Months Ended June 30, 2021
Related party note⁽¹⁾	June 30, 2021		12.00	%	$	149,674	$	—	$	149,674		1,369	$	8,486
Related party note⁽³⁾	Due on Demand		15.00	%		10,000		—		10,000		392		779
Related party notes – NPA tranche⁽²⁾	October 9, 2021		10.00	%		18,112		3,657		21,769		457		910
Related party notes –China	Due on Demand		18.00	%		9,288		—		9,288		817		1,586
Related party notes – China various other	Due on Demand		0% coupon, 10.00% imputed			5,002		—		5,002		69		183
Related party notes – China various other⁽³⁾	Due on Demand		8.99	%		1,410		—		1,410		32		63
Related party notes – Other⁽³⁾	June 30, 2021		6.99	%		4,160		—		4,160		72		144
Related party notes – Other⁽³⁾	June 30, 2021		8.00	%		6,452		—		6,452		129		256
					$	204,098	$	3,657	$	207,755	$	3,337	$	12,407

(1)

On April 9, 2021, the Company signed agreements with certain of its related party notes holders to convert their notes with principal amounts of $194,810 and accrued interest of $71,764 into 57,513,413 shares of Class A-1 Convertible Preferred Stock with a conversion price of $1.67 per share and 87,003,560 shares of A-2 Preferred Stock with a conversion price of $1.96 per share. Under the agreements, the notes ceased to accrue interest on March 31, 2021. On May 13, 2021, related party notes payable with aggregating principal amounts of $90,869 and accrued interest of $43,490 was converted into 57,513,413 shares of Class A-1 Convertible Preferred Stock with a conversion price of $1.67 per share and 19,546,600 shares of Class A-2 Convertible Preferred Stock with a conversion price of $1.96 per share. The outstanding principal balance subsequent to the conversion was $149,674 as of June 30, 2021. The Class A-1 and A-2 Preferred Stock will convert into FFIE Class A Common Stock based on the Exchange Ratio. As of June 30, 2021, $125,071 of the related party notes payable were in default.

(2)

On April 29, 2019, the Company executed the Note Purchase Agreement (“NPA”) with U.S. Bank National Association, as the notes agent, and Birch Lake Fund Management, LP as the collateral agent. The aggregate principal amount that may be issued under the NPA was $200,000. Upon both a Company Preferred Stock offering and prepayment notice by the holder, or on the maturity date of the notes payable, the holder may elect to convert all of the outstanding principal and accrued interest of the notes payable, plus a 20.00% premium, into shares of Preferred Stock in the offering. The Company elected the fair value option for these notes payable. (See Note 7. Fair Value of Financial Instruments.)

(3)

As of June 30, 2021, the Company was in default on twelve of its related party notes with a principal value of $22,022. The Company was in compliance with all covenants under its remaining related party notes payable agreements as of June 30, 2021.

For the six months ended June 30, 2021, the Company received $200 in proceeds from a related party in the form of a bridge loan, which was fully paid during the period. In addition, the Company repaid bridge loans received in December 2020 aggregating $424.

Just prior to the Business Combination, the Company converted related party notes payable with an aggregate principal amount of $130,479 into 81,855,608 shares of Class A-2 Preferred Stock. Related party notes payable with principal amounts of $60,104 were either converted into equity or repaid in cash as part of the close of the Business Combination. See Note 15. Subsequent Events.

Fair Value of Related Party Notes Payable Not Carried at Fair Value

The estimated fair value of the Company’s related party notes payable not carried at fair value, using inputs from Level 3 under the fair value hierarchy, was $147,995 and $265,663 as of June 30, 2021 and December 31, 2020, respectively.

Schedule of Principal Maturities of Related Party Notes Payable

The future scheduled principal maturities of related party notes payable as of June 30, 2021 were as follows:

Due on demand	$	185,986
2021		18,112
	$	204,098

Related Party Notes Payable

The Company has been primarily funded by notes payable and capital contributions from related parties of the Company. As detailed below, these related parties include employees as well as affiliates and other companies controlled or previously controlled by the Company’s founder and former CEO.

Related party notes payable consists of the following as of December 31, 2020 and 2019:

	December 31, 2020
Note Name	Contractual Maturity Date	Contractual Interest Rates	Unpaid Balance		Fair Value Measurement Adjustments		0% Coupon Discount			Loss (Gain) on Extinguishments			Net Carrying Value
Related party note⁽¹⁾**	June 30, 2021	12.00%	$	240,543	$	—	$	(861	)	$	204		$	239,886
Related party note⁽²⁾	Due on Demand	15.00%*		10,000		—		—			—			10,000
Related party notes – NPA tranche⁽³⁾	October 9, 2021	10.00%		18,112		3,515		—			—			21,627
Related party notes – China⁽⁴⁾	Due on Demand	18.00%*		9,196		—		—			—			9,196
Related party notes – China various other⁽⁵⁾	Due on Demand	0% coupon, 10.00% imputed		6,548		—		(190	)		(22	)		6,336
Related party notes – China various other⁽⁵⁾	Due on Demand	8.99%		1,410		—		—			(3	)		1,407
Related party notes – Other⁽⁶⁾	Due on Demand	0.00%		424		—		—			—			424
Related party notes – Other⁽⁶⁾	June 30, 2021	6.99%		4,160		—		—			(50	)		4,110
Related party notes – Other⁽⁶⁾	June 30, 2021	8.00%		6,452		—		—			(35	)		6,417
			$	296,845	$	3,515	$	(1,051	)	$	94		$	299,403

	December 31, 2019
Note Name	Contractual Maturity Date	Contractual Interest Rates	Unpaid Balance		Fair Value Measurement Adjustments		0% Coupon Discount			Net Carrying Value
Related party note⁽¹⁾**	December 31, 2020	12.00%	$	215,940	$	—	$	—		$	215,940
Related party note⁽¹⁾**	Due on Demand	0% coupon, 10.00% imputed		24,399		—		(3,557	)		20,842
Related party note⁽²⁾	Due on Demand	15.00%*		10,000		—		—			10,000
Related party notes – NPA tranche⁽³⁾	May 31, 2020	10.00%		18,112		3,410		—			21,522
Related party notes – China⁽⁴⁾	Due on Demand	18.00%*		8,601		—		—			8,601
Related party notes – China various other⁽⁵⁾	Due on Demand	0% coupon, 10.00% imputed		6,125		—		(607	)		5,518
Related party notes – Other⁽⁶⁾	December 31, 2020	6.99%		4,160		—		—			4,160
			$	287,337	$	3,410	$	(4,164	)	$	286,583

*	Rate as of December 31, 2020 and 2019, see footnotes for further discussion.

**	During 2020, these related party notes payable were restructured into one related party note payable.

(1)

During 2016, Faraday & Future (HK) Limited (“F&F HK”) and Leview Mobile (HK) Ltd. (“Leview”) provided the Company with cash contributions for a total of $278,866. F&F HK was previously controlled by the Company’s founder and former CEO and Leview is controlled by the Company’s founder and former CEO. On March 30, 2018, the cash funding was restructured via an agreement in the form of notes payable bearing an annual interest rate of 12.00% and maturing on December 31, 2020. The notes payable are unsecured and there are no covenants associated with these notes payable.

Faraday & Future (HK) Limited

F&F HK provided an aggregate principal loan in the total sum of $212,007 to the Company as part of the agreement on March 30, 2018. On June 27, 2019, the Company entered into a note payable cancellation agreement for a portion of the note payable with F&F HK effective January 1, 2019 and simultaneously the note payable was assumed by a third-party lender. The agreement cancelled $48,374 of principle and $5,805 of unpaid interest due to F&F HK. There was no loss or gain on the extinguishment of note payable due to the net carrying amount of the note payable extinguished being equivalent to the reacquisition price of the new note payable. See Note 9 Notes Payable (1).

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	—	$	149,081
Accrued interest		—		19,657
Interest expense		11,959		17,889
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

Leview Mobile (HK) Ltd

Leview provided an aggregate principal loan in the total sum of $66,859 to the Company as part of the agreement on March 30, 2018.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	—	$	66,859
Accrued interest		—		16,046
Interest expense		5,363		8,023
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

Beijing Bairui Culture Media, Co. Ltd

Between December 2017 and July 2018, the Company executed several notes payable agreements with Beijing Bairui Culture Media Co., Ltd. (“Bairui”) for total principal of $27,329. Bairui was previously controlled by the Company’s founder and former CEO. Each note payable originally matured one year after its issuance. The notes payable originally bore interest of 0% per annum. The notes payable are unsecured and there are no covenants associated with these notes payable. During the year ended December 31, 2019, Bairui forgave $2,487 of the outstanding notes payable.

Due to the notes payable having below market interest rates, the Company imputed interest upon entering into the notes payable resulting in a notes payable discount and a capital contribution due to the related party nature of the arrangements. During the year ended December 31, 2019, the Company recognized interest expense of $3,476 related to the accretion of the discount. As of December 31, 2019, the unamortized discount was $3,557.

On January 1, 2020, the Company executed an amendment to consolidate the notes payable into one note for the same amount, extend the maturity date of this note payable to December 31, 2020, and increased the interest rate from 0% to 12%. Since the cash flows of the modified note payable exceeded the cash flows of the original notes payable by more than 10%, the modification has been accounted for as an extinguishment with a loss on extinguishment of $314 recorded in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. The net carrying value of the original note payable of $20,842 was replaced with a note payable with a fair value of $21,156. Additionally, accretion of $2,586 was recorded in interest expense during the year ended December 31, 2020 related to the unamortized discount.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	—	$	24,399
Accrued interest		—		—
Interest expense		4,073		3,476
Unrealized foreign exchange (gain) loss on principal		—		443
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

CYM Tech Holdings LLC

On August 28, 2020, the related party notes payable with F&F HK, Leview, and Bairui were restructured to consolidate the lenders and extend the maturity date through June 30, 2021, transferring both the principal and accrued interest to the new lender, CYM Tech Holdings LLC, wholly-owned subsidiary of F&F HK.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	240,543	$	—
Accrued interest		64,827		—
Interest expense		10,134		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

The related party notes payable that were restructured were the following:

Before Restructuring

Lender	Principal
Faraday & Future (HK) Limited	$	149,081
Leview Mobile (HK) Ltd		66,859
Beijing Bairui Culture Media, Co. Ltd		24,603
Total	$	240,543

After Restructuring

Lender		Principal
CYM Tech Holdings LLC		$	240,543

The restructuring has been accounted for as a troubled debt restructuring because the Company has been experiencing financial difficulty and the conversion mechanism results in the effective borrowing rate decreasing after the restructuring which was determined to be a concession. Since the future undiscounted cash flows of the restructured note payable exceed the net carrying value of the original notes payable due to the maturity date extension, the restructuring is accounted for prospectively with no gain or loss recorded in the consolidated statements of operations and comprehensive loss. The Company concluded that the conversion features do not require bifurcation based on the derivative accounting scope exception in ASC 815 for certain contracts involving an entity’s own equity.

(2)

On January 28, 2019 and February 1, 2019, the Company borrowed $7,000 and $3,000, respectively from Evergrande Health Industry Group Limited (“China Evergrande”). China Evergrande is an affiliate of a significant shareholder of the Company. The notes payable matured on June 30, 2019 and were in default as of December 31, 2020 and 2019. The notes payable bear interest at an annual rate of 10.00% if repaid through June 30, 2019 and increased to 15.00% per annum thereafter. The notes payable are unsecured and there are no covenants associated with these notes payable.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	10,000	$	10,000
Accrued interest		2,839		1,228
Interest expense		1,611		1,228
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		10,000

(3) The Company issued 10% interest notes with various related parties through the Note Purchase Agreements (“NPA”).

●

In November 2018, the Company entered into a note payable with an employee for total principal of $1,650. The note payable had an original maturity of November 30, 2019 and bore interest at 8.99% per annum. This note was subsequently cancelled and the outstanding principal and accrued interest totaling $1,650 was contributed to the NPA executed on April 29, 2019. During the year ended December 31, 2019, the note payable was extinguished and no loss or gain was recognized as the net carrying amount of the note payable equaled the reacquisition price.

In May 2019, the Company executed a joinder agreement to the NPA with an employee for a convertible note payable with total principal of $1,650. The note payable matured on May 31, 2020 and the interest rate, collateral, and covenants are the same as the NPA. Upon both a preferred stock offering and prepayment notice by the holder or the maturity date of the notes payable, the holder of the note payable may elect to convert all of the outstanding principal and accrued interest of the note payable plus a 20.00% premium into shares of preferred stock of the Company issued in a preferred stock offering. The Company elected the fair value option for this note payable. See Note 4 Fair Value of Financial Instruments. The fair value of the note payable was $1,970 and $1,961 as of December 31, 2020 and 2019, respectively.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	1,650	$	1,650
Accrued interest		134		30
Interest expense		166		30
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		62		—
Proceeds		—		—

On April 29, 2019, the Company executed the NPA with U.S. Bank National Association, as the notes agent, and Birch Lake Fund Management, LP as the collateral agent. The aggregate principal amount that may be issued under the NPA is $200,000.

All obligations due under the NPA bear interest of 10% per annum and are collateralized by a first lien, with second payment priority, on virtually all tangible and intangible assets of the Company. The NPA contains non-financial covenants and, as of December 31, 2020, the Company was in compliance with all covenants. See Note 9 Notes Payable (2).

●

In July 2019, the Company executed a joinder agreement to the NPA with a company owned by an employee for a convertible note payable with total principal of $16,462. The note payable originally matured on May 31, 2020 and the interest rate, collateral, and covenants are the same as the NPA. Upon both a preferred stock offering and prepayment notice by the holder or the maturity date of the note payable, the holder of the note payable may elect to convert all of the outstanding principal and accrued interest of the note payable plus a 20.00% premium into shares of preferred stock of the Company issued in a preferred stock offering. The Company elected the fair value option for this note payable. See Note 4 Fair Value of Financial Instruments. The fair value of the note payable was $19,657 and $19,561 as of December 31, 2020 and 2019, respectively.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	16,462	$	16,462
Accrued interest		2,501		828
Interest expense		1,674		828
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		16,462

On October 9, 2020, the Company entered into the Second Amended Restated NPA (“Second A&R NPA”) with Birch Lake and the lenders which extended the maturity dates of all NPA notes to the earliest of (i) October 6, 2021, (ii) the consummation of a Qualified Special Purpose Acquisition Company Merger (“Qualified SPAC Merger”), (iii) the occurrence of a change in control, or (iv) the acceleration of the NPA obligations pursuant to an event of default, as defined in the NPA, as amended.

(4)

In April 2017, the Company executed two separate note payable agreements with Chongqing Leshi Small Loan Co., Ltd. (“Chongqing”), for total principal of $8,742. Chongqing was previously controlled by the Company’s founder and former CEO and is a small banking institution. The notes payable matured on April 16, 2018, have no covenants, and are unsecured. The notes bore interest during the note term at 12.00% per annum. As the notes are in default as of December 31, 2020 and 2019, the outstanding balance is subject to an 18.00% interest rate per annum.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	9,196	$	8,601
Accrued interest		7,646		4,542
Interest expense		2,641		2,201
Unrealized foreign exchange (gain) loss on principal		595		—
Unrealized foreign exchange (gain) loss on accrued interest		463		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

(5)

The Company issued the following notes with various related parties.

●

In April 2017, the Company entered into a $728 note payable with an employee. The note originally matured on October 2, 2017 and bears interest at 0% per year. The note has no covenants and is unsecured.

Due to the note payable having an interest rate below market rates, the Company imputed interest upon executing the note payable resulting in a note payable discount and a capital contribution due to the related party nature of the arrangement. During the years ended December 31, 2020 and 2019, the Company recognized interest expense of $72 and $65, respectively, related to the accretion of the discount. As of December 31, 2020 and 2019, the unamortized discount was $33 and $105, respectively.

On September 25, 2020, the note payable was modified to extend the maturity to June 30, 2021 and add a conversion feature to allow conversion of the note payable into a variable number of SPAC shares if a Qualified SPAC Merger occurs. Since the conversion feature is substantive as it is reasonably possible to be exercised, this modification has been accounted for as an extinguishment. The conversion feature does not require bifurcation because it is clearly and closely related to the debt host since the conversion does not involve a substantial premium or discount. The modification agreement and the accounting conclusions are collectively referred to as the September 2020 Modification. The Company recorded a gain on extinguishment of $35 in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $13 was recorded related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	766	$	717
Accrued interest		—		—
Interest expense		72		65
Unrealized foreign exchange (gain) loss on principal		49		11
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

●

In 2018, the Company entered into a $700 note payable with an employee. The note is payable on demand and bears interest at 0% per year. The note has no covenants and is unsecured. The note payable was in default as of December 31, 2020.

Due to the note payable having an interest rate below market rates, the Company imputed interest upon entering into the note payable resulting in a debt discount and a capital contribution due to the related party nature of the arrangement. During the years ended December 31, 2020 and 2019, the Company recognized interest expense of $34 and $31, respectively, related to the accretion of the debt discount. As of December 31, 2020 and 2019, the unamortized debt discount was $16 and $50, respectively.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	737	$	689
Accrued interest		—		—
Interest expense		34		31
Unrealized foreign exchange (gain) loss on principal		48		11
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

●

The Company has various other unsecured related party borrowings totaling $4,797. These borrowings do not have stated terms or a stated maturity date. The Company was in default on these notes payable as of December 31, 2020.

Due to the notes payable having below market interest rates, the Company imputed interest upon entering into the notes payable resulting in a debt discount and a capital contribution due to the related party nature of the arrangements. During the years ended December 31, 2020 and 2019, the Company recognized interest expense of $310 and $282, respectively, related to the accretion of the debt discount. As of December 31, 2020 and 2019, the unamortized debt discount was $141 and $452, respectively.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	5,045	$	4,719
Accrued interest		—		—
Interest expense		310		282
Unrealized foreign exchange (gain) loss on principal		326		77
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

●

In February 2020, the Company borrowed $1,410 through a note payable from an employee. The note originally matured on August 14, 2020, bears interest at 8.99% per annum, has no covenants and is unsecured.

As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $5 in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $2 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	1,410	$	—
Accrued interest		69		—
Interest expense		111		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		42		—
Proceeds		1,410		—

(6)

The Company issued the following notes payable with various related parties.

●

In November 2019 and December 2019, the Company executed three notes payable with an affiliated company for total principal of $4,160. The notes payable originally matured on December 31, 2020 and bear interest at 6.99%.

As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $77 in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $27 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	4,160	$	4,160
Accrued interest		313		20
Interest expense		293		20
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		4,160

●

Between January 2020 and August 2020, the Company executed nine notes payable with an affiliated company for a total of $8,422. The notes payable matured on December 31, 2020 and bear interest at 8%, besides one note for $500 which matured on June 30, 2020 and bears interest at 8%. The notes have no covenants and are unsecured.

As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $53 in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $18 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	6,452	$	—
Accrued interest		435		—
Interest expense		435		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		1,970		—
Interest payments		—		—
Proceeds		8,422		—

●

In December 2020, the Company entered into two notes payable for a total of $424. The notes payable do not have a stated maturity or bear interest. The notes have no covenants and are unsecured.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	424	$	—
Accrued interest		—		—
Interest expense		—		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		424		—

●

In December 2018, two employees provided the Company with temporary cash advances $1,500. These borrowings did not have stated terms, no stated interest rate, or stated maturity date. Both loans were repaid on February 6, 2019.

Fair Value of Related Party Notes Payable Not Carried at Fair Value

The estimated fair value, using inputs from Level 3 under the fair value hierarchy, of the Company’s related party notes payable not carried at fair value is $265,663 and $270,690 as of December 31, 2020 and 2019, respectively.

Schedule of Principal Maturities of Related Party Notes Payable

The future scheduled principal maturities of related party notes payable as of December 31, 2020 were as follows:

Years ended December 31,
Due on demand	$	27,578
2021		269,267
	$	296,845

Notes Payable

6 Months Ended

11 Months Ended

Jun. 30, 2021

Dec. 31, 2020

FF Intelligent Mobility Global Holdings Ltd [Member]

Notes Payable [Line Items]

Notes Payable

Notes Payable

The Company has entered into notes payable agreements with third parties. Notes Payable consists of the following as of June 30, 2021:

Note Name	Contractual Maturity Date	Contractual Interest Rates			Unpaid Balance		Fair Value Measurement Adjustments		Proceeds Allocated to Warrants			Net Carrying Value		Interest Expense for the Three Months Ended June 30, 2021		Interest Expense for the Six Months Ended June 30, 2021
Note payable	Repayment in 10% increments contingent on a specified fundraising event		12.00	%	$	56,000	$	—	$	—		$	56,000	$	2,081	$	3,552
Notes payable – NPA tranche	October 6, 2021		10.00	%		27,117		5,473		—			32,590		676		1,345
Notes payable⁽¹⁾	October 6, 2021		14.00	%		55,000		11,232		—			66,232		1,920		2,574
Notes payable⁽⁷⁾	June 30, 2021		12.00	%		19,100		—		—			19,100		576		1,147
Notes payable⁽⁷⁾	June 30, 2021		1.52	%		4,400		—		—			4,400		17		33
Notes payable⁽⁷⁾	June 30, 2021		8.99	%		2,240		—		—			2,240		50		100
Notes payable⁽⁷⁾	June 30, 2021		8.00	%		300		—		—			300		6		12
Notes payable⁽²⁾	October 6, 2021		8.00	%		3,750		1,475		—			5,225		149		268
Notes payable⁽²⁾	October 6, 2021		15.75	%		5,600		2,202		—			7,802		223		282
Notes payable⁽³⁾	October 6, 2021		0.00	%		18,250		5,241		—			23,491		—		—
Notes payable⁽³⁾	December 9, 2022		0.00	%		20,000		649		(2,563	)		18,086		—		—
Notes payable⁽³⁾	December 9, 2022		0.00	%		20,000		648		(2,562	)		18,086		—		—
Note payable⁽⁴⁾	March 9, 2022		0.00	%		15,667		4,499		—			20,166		—		—
Note payable⁽⁵⁾	October 6, 2021		12.75	%		15,666		6,160		—			21,826		792		1,197
Notes payable – China various other	Various Dates 2021		6.00	%		4,917		—		—			4,917		74		146
Notes payable – China various other	Due on Demand		9.00	%		3,715		—		—			3,715		169		335
Notes payable – China various other⁽⁶⁾	Due on Demand		0.00	%		5,387		—		—			5,387		—		6
Notes payable – various other notes⁽⁷⁾	June 30, 2021		6.99	%		1,260		—		—			1,260		22		44
Notes payable – various other notes⁽⁷⁾	Due on Demand		8.99	%		500		—		—			500		11		22
Notes payable – various other notes⁽⁷⁾	June 30, 2021		2.86	%		1,500		—		—			1,500		11		21
Notes payable⁽⁷⁾	June 30, 2021		8.00	%		11,635		—		—			11,635		232		462
Notes payable	April 17, 2022		1.00	%		9,168		—		—			9,168		22		45
					$	301,172	$	37,579	$	(5,125	)	$	333,626	$	7,031	$	11,591

(1)

On March 1, 2021, the Company amended the NPA to permit the issuance of additional notes payable with principal amounts up to $85,000. On the same day, the Company entered into notes payable agreements with Ares for an aggregate principal of $55,000, receiving net proceeds of $51,510, inclusive of a 4.00% original issue discount and $90 of debt issuance costs paid directly by the lender. The notes payable are collateralized by a first lien on virtually all tangible and intangible assets of the Company and bear interest at 14% per annum. The notes payable mature on the earliest of (i) March 1, 2022, (ii) October 6, 2021, if the Qualified SPAC Merger contemplated in the Merger Agreement has not been consummated by July 27, 2021, (iii) the occurrence of a change in control, or (iv) the occurrence of an acceleration event, such as a default. The Company has elected the fair value option because the notes include features, such as a contingently exercisable put option, which meet the definition of an embedded derivative. Additionally, the notes payable agreements contain a minimum cash provision, which requires the Company to maintain at least $5,000 of cash on hand at all times. The Company has classified the related $5,000 in Restricted Cash on its unaudited Condensed Consolidated Balance Sheets as of June 30, 2021.

In addition, in conjunction with the issuance of the notes payable, the Company committed to issue warrants to the lender to purchase the Company’s Class A Ordinary Stock no later than August 11, 2021, or, if earlier, 15 days after consummation of the Merger. The warrants will have a term of 6 years, be equal to 0.20% of the fully diluted capitalization of FFIE’s Class A Common Stock and have an exercise price of $10 per share. The warrants meet the definition of a derivative, were accounted for as a liability, and will be marked to fair value at the end of each reporting period with the changes in fair market value recorded in the Condensed Consolidated Statements of Operations and Comprehensive Loss. The Company determined the commitment to issue warrants was a liability as of March 1, 2021, and estimated the fair value of the warrants to be $5,000 using the Black-Scholes option-pricing model under two scenarios (See Note 7. Fair Value of Financial Instruments). Fair value of the warrants as of June 30, 2021, was $7,880.

	June 30, 2021
Outstanding principal	$	55,000
Accrued interest		654
Interest expense		654
Original issue discount		3,490
Debt issuance costs recorded in interest expense		315
Principal payments		—
Interest payments		—
Net proceeds	$	51,510

(2)

On January 13, 2021, the Company amended the NPA to permit the issuance of additional notes payable and issued $3,750 of notes payable to Birch Lake, receiving net proceeds of $3,510, inclusive of a 6.50% original issue discount, and $225 of debt issuance costs paid directly by the lender. The additional secured convertible notes payable issued to Birch Lake (“BL Notes”) accrue interest at 8% per annum. The BL Notes mature on the earliest of (i) October 6, 2021, (ii) the consummation of a Qualified SPAC Merger, (iii) the occurrence of a change in control, or (iv) the acceleration of the NPA obligations in the event of a default. Additionally, the BL Notes contain a liquidation premium that ranges from 35% to 45% depending on the timing of settlement, with 50% of this premium convertible into equity. Birch Lake can demand repayment of the BL Notes if an event of default, change in control, or a Qualified SPAC Merger occurs. The Company determined that the feature to settle the BL Notes at a premium upon the occurrence of a default, change in control, or a Qualified SPAC Merger is a contingently exercisable put option with a liquidation premium and represents an embedded derivative. The Company elected the fair value option for this note payable (See Note 7. Fair Value of Financial Instruments).

On March 8, 2021, the Company entered into a notes payable agreement under the NPA, as amended, with Birch Lake with a total principal of $5,600, receiving net proceeds of $5,240, inclusive of a 6.50% original issue discount and $307 of debt issuance costs paid directly by the lender. The notes payable matures on the earliest of (i) October 6, 2021, (ii) the consummation of a Qualified SPAC Merger, as defined in the note agreement, (iii) the occurrence of a change in control, or (iv) the occurrence of an acceleration event, such as a default. The notes payable bear interest at 15.75% per annum. Additionally, the notes payable contain a liquidation premium that ranges from 42% to 52% depending on timing of settlement, with 50% of this premium convertible into equity. Birch Lake can demand repayment if an event of default, change in control, or a Qualified SPAC Merger occurs. The Company determined that the feature to settle the notes payable at a premium upon the occurrence of a default, change in control, or a Qualified SPAC Merger is a contingently exercisable put option with a liquidation premium and represents an embedded derivative. The Company has elected to measure the notes payable at fair value because the notes include features, such as a contingently exercisable put option, which meet the definition of an embedded derivative.

	June 30, 2021
Outstanding principal	$	9,350
Accrued interest		—
Interest expense		177
Original issue discount		1,132
Debt issuance costs recorded in interest expense		1,502
Principal payments		—
Interest payments		177
Net proceeds	$	8,218

(3)

On January 13, 2021, the Company entered into a notes payable agreement under the NPA, as amended, (“January 13 Notes”) with a US-based investment firm for total principal of $11,250, receiving net proceeds of $10,350, inclusive of an 8% original issue discount and $480 of debt issuance costs paid directly by the lender. The note payable is collateralized by a first lien on virtually all tangible and intangible assets of the Company and bears interest at 0% per annum. The note payable matures on the earliest of (i) October 6, 2021, (ii) the consummation of a Qualified SPAC Merger, (iii) the occurrence of a change in control, or (iv) the occurrence of an acceleration event, such as an event of default. In the event the Company consummates a Qualified SPAC Merger, an amount equal to 130% of all outstanding principal, accrued and unpaid interest and accrued original issue discount under the notes through (but not including) the date of consummation of the Qualified SPAC Merger will automatically convert into Common Stock of PSAC received by the Company’s Class A ordinary stockholders and the notes and interest shall be deemed satisfied in full and terminated. The Company elected the fair value option for this note payable because the inclusion of a conversion feature that allows the lenders to convert the notes payable into Preferred Stock.

On March 12, 2021, the Company and the US-based investment firm entered into a notes payable agreement (“March 12 Notes”) for an aggregate principal amount of $7,000, receiving net proceeds of $6,440, inclusive of an 8% original issue discount. The terms of this note payable are the same as the note payable issued on January 13, 2021.

In conjunction with the issuance of the notes on various dates during January 2021 and March 2021, the Company issued warrants to purchase 270,200 shares of the Company’s Class A Ordinary Stock with an exercise price of $2.72 and 2,167,254 shares of the Company’s Class A Ordinary Stock with an exercise price of $2.71. The warrants were issued with a term of seven years and are subject to certain down-round adjustments. The fair value of the warrants was recorded in equity in accordance with the derivative accounting scope exception in ASC 815 for certain contracts involving an entity’s own equity. The Company estimated the fair value of the warrants to be $1,988 using the Black-Scholes option-pricing model (See Note 7. Fair Value of Financial Instruments.)

On June 9, 2021, the Company amended the NPA to permit the issuance of two notes payable, each with a principal value of $20,000 (“June 2021 Notes”), to a US-based investment firm. The June 2021 Notes are subordinate to the notes payable issued to Birch Lake on January 13 and March 8, 2021 (See (2) above) and the notes payable issued to Ares on March 1, 2021 (See (1) above) and senior in priority to the notes payable issued under the NPA prior to September 9, 2020. The June 2021 Notes mature on December 9, 2022, and do not bear interest unless extended beyond its maturity date by the US-based investment firm, in which case, the June 2021 Notes will bear interest at 10% per annum starting upon their original maturity. Each of the June 2021 Notes are subject to an original issue discount of 8% and 13%, respectively. The June 2021 Notes contain a liquidation premium that, upon a Qualified SPAC Merger, the then outstanding principal and accrued interest of the notes playable plus a 30% premium will convert into Class A Ordinary Stock of the Company. The Company received net proceeds of $35,603 as part of the June 2021 Notes.

As part of the Amendment to the NPA, on or prior to the 12-month anniversary of the Qualified SPAC Merger, the US-based investment firm has the option to purchase additional notes for up to $40,000 (“Optional Notes”), subject to similar original issue discounts as the June 2021 Notes. The June 2021 Notes and the Optional Notes, along with the notes previously issued to the same lender, are provided with an anti-dilution protection. Subsequent to June 30, 2021, the US-based investment firm exercised its option to purchase $33,917 of Optional Notes. See Note 15. Subsequent Events for additional information.

In connection with the issuance of the June 2021 Notes, the Company issued warrants to the US-based investment firm to purchase up to 5,831,357 of the Company’s Class A Ordinary Stock for $2.5723 per share exercise price on or before June 9, 2028. Upon the occurrence of a Fundamental Transaction, the warrants shall be exercisable within 15 days and their exercise price shall be adjusted to equal the lower of (i) $2.5723 per share, (ii) the pre-money valuation ascribed to the Company in connection with the Fundamental Transaction divided by the pro-forma fully diluted capitalization of the Company and (iii) the lowest effective net price per share of Class A Ordinary Stock paid for by any third party at the time of or in connection with the Fundamental Transaction, as defined in the warrant agreement. The Optional Notes are entitled to warrants with the same terms as the June 2021 Notes once the Optional Notes are issued.

	June 30, 2021
January 13 and March 12, 2021 Notes:
Outstanding principal	$	18,250
Accrued interest		—
Interest expense		—
Original issue discount		1,460
Debt issuance costs recorded in interest expense		480
Principal payments		—
Interest payments		—
Net proceeds	$	16,310

	June 30, 2021
June 9, 2021 Note 1:
Outstanding principal	$	20,000
Accrued interest		—
Interest expense		—
Original issue discount		1,600
Debt issuance costs recorded in interest expense		197
Principal payments		—
Interest payments		—
Net proceeds	$	18,203

	June 30, 2021
June 9, 2021 Note 2:
Outstanding principal	$	20,000
Accrued interest		—
Interest expense		—
Original issue discount		2,600
Debt issuance costs recorded in interest expense		—
Principal payments		—
Interest payments		—
Net proceeds	$	17,400

(4)

On January 13, 2021, the Company amended the NPA to increase the principal amount of its $15,000 note payable with a US-based investment firm by $667. The Company received no cash proceeds as the increase in principal was used to pay a consent fee to the US-based investment firm. The Company recorded the consent fee in Interest Expense on the unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss for the six months ended June 30, 2021. The consent fee permitted the issuance of additional notes payable to the US-based investment firm of $11,250 and $7,000, as described in (3) above.

(5)

On January 13, 2021, the Company amended the NPA to issue an additional note to Birch Lake, with the same terms as its $15,000 note payable to Birch Lake, in the amount of $666. The Company received no cash proceeds as the additional note was used to pay a consent fee to Birch Lake. The Company recorded the consent fee in Interest Expense on the unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss for the six months ended June 30, 2021. The consent fee permitted the issuance of additional notes payable to Birch Lake of $3,750 and $5,600, as described in (2) above.

(6)

On January 15, 2021, the Company borrowed $102 from a Chinese lender. The unsecured note payable is payable on demand and does not have a stated interest rate.

(7)

As of June 30, 2021, the Company was in default on sixteen of its notes payable with an aggregate principal value of $40,935. The Company is in compliance with all its covenants under the remaining notes payable agreements as of June 30, 2021.

Just prior to the close of the Business Combination, the Company converted: (i) notes payable with principal amount of $56,000 into 37,335,421 shares of Class A-2 Preferred Stock; (ii) notes payable with an aggregate principal balance of $17,600 into 15,792,771 shares of Class A-1 Preferred Stock; and (iii) a note payable with a principal balance of $1,500 into 1,281,976 shares of Class A-3 Preferred Stock. Notes payable with aggregate principal amount of $116,518 were either converted into equity or repaid in cash as part of the close of the Business Combination. See Note 15. Subsequent Events.

Fair Value of Notes Payable Not Carried at Fair Value

The estimated fair value of the Company’s notes payable not carried at fair value, using inputs from Level 3 under the fair value hierarchy, was $105,863 and $127,130 as of June 30, 2021 and December 31, 2020, respectively.

Schedule of Principal Maturities of Notes Payable

The future scheduled principal maturities of notes payable as of June 30, 2021 are as follows:

Due on demand	$	50,037
2021		186,300
2022		64,835
	$	301,172

Notes Payable

Notes payable consists of the following as of December 31, 2020 and 2019:

	December 31, 2020
Note Name	Contractual Maturity Date	Contractual Interest Rates			Unpaid Balance		Fair Value Measurement Adjustments		Gain on Extinguishments			Net Carrying Value
Note payable⁽¹⁾	Repayment in 10% increments contingent on a specified fundraising event		12.00	%	$	57,293	$	—	$	—		$	57,293
Notes payable – NPA tranche⁽²⁾	October 6, 2021		10.00	%		27,118		5,263		—			32,381
Notes payable⁽³⁾	June 30, 2021		12.00	%		19,100		—		—			19,100
Notes payable⁽⁴⁾	June 30, 2021		1.52	%		4,400		—		(102	)		4,298
Notes payable⁽⁴⁾	June 30, 2021		8.99	%		2,240		—		(5	)		2,235
Notes payable⁽⁴⁾	June 30, 2021		8.00	%		300		—		(1	)		299
Notes payable – China various other⁽⁵⁾	Various Dates 2021		6.00	%		4,869		—		(62	)		4,807
Notes payable – China various other⁽⁵⁾	Due on Demand		9.00	%		3,677		—		(18	)		3,659
Notes payable – China various other⁽⁵⁾	Due on Demand		0.00	%		4,597		—		—			4,597
Notes payable – various other notes⁽⁶⁾	June 30, 2021		6.99	%		1,380		—		(10	)		1,370
Notes payable – various other notes⁽⁶⁾	Due on Demand		8.99	%		380		—		(1	)		379
Notes payable – various other notes⁽⁷⁾	June 30, 2021		2.86	%		1,500		—		(29	)		1,471
Note payable⁽⁸⁾	March 9, 2021		0.00	%		15,000		2,712		—			17,712
Note payable⁽⁹⁾	October 6, 2021		12.75	%		15,000		5,972		—			20,972
Notes payable⁽¹⁰⁾	June 30, 2021		8.00	%		11,635		—		(57	)		11,578
Notes payable⁽¹¹⁾	April 17, 2022		1.00	%		9,168		—		—			9,168
					$	177,657	$	13,947	$	(285	)	$	191,319

	December 31, 2019
Note Name	Contractual Maturity Date	Contractual Interest Rates			Unpaid Balance		Fair Value Measurement Adjustments		Net Carrying Value
Note payable⁽¹⁾	Repayment in 10% increments contingent on a specified fundraising event		12.00	%	$	53,185	$	—	$	53,185
Notes payable – NPA tranche⁽²⁾	May 31 2020		10.00	%		26,218		4,935		31,153
Notes payable – NPA tranche⁽²⁾	March 6, 2020		10.00	%		900		169		1,069
Notes payable⁽³⁾	December 31, 2019		12.00	%		12,100		—		12,100
Notes payable⁽³⁾	Due on Demand		12.00	%		7,000		—		7,000
Notes payable⁽⁴⁾	December 31, 2019		1.52	%		4,400		—		4,400
Notes payable⁽⁴⁾	July 1, 2020		8.99	%		2,240		—		2,240
Notes payable – China various other⁽⁵⁾	Due on Demand		9.00	%		3,440		—		3,440
Notes payable – China various other⁽⁵⁾	Various Dates 2020		6.00	%		3,155		—		3,155
Notes payable – China various other⁽⁵⁾	Due on Demand		0.00	%		4,300		—		4,300
Notes payable – various other notes⁽⁶⁾	Repayment upon new equity or debt financing in an aggregate amount exceeding $50,000		8.99	%		500		—		500
Notes payable – various other notes⁽⁶⁾	Due on Demand		6.99	%		180		—		180
Notes payable – various other notes⁽⁶⁾	June 3, 2020		6.99	%		2,700		—		2,700
Notes payable – various other notes⁽⁷⁾	December 31, 2019		2.86	%		1,500		—		1,500
					$	121,818	$	5,104	$	126,922

(1)

In January 2019, upon extinguishment of a portion of the Faraday and Future (HK) Limited related party notes payable, the Company borrowed $54,179 through notes payable from a Chinese lender. The notes payable originally matured on December 31, 2020, bear interest of 12.00% per annum, have no covenants, and are unsecured.

On December 31, 2020, the notes payable were modified to extend the maturity date to June 30, 2021 and add a conversion feature. The conversion feature, which is contingent upon the closing of a Qualified SPAC Merger, requires the Company to issue Class A ordinary shares to the lender based on a fixed conversion ratios immediately prior to the closing of the Qualified SPAC Merger to settle the outstanding note payable before being exchanged for Qualified SPAC Merger shares upon the Qualified SPAC Merger closing date.

The modification has been accounted for as a troubled debt restructuring because the Company is experiencing financial difficulty and the conversion mechanism results in the effective borrowing rate decreasing after the restructuring. Since the future undiscounted cash flows of the restructured notes payable exceed the net carrying value of the original note payable due to the maturity date extension, the modification has been accounted for prospectively with no gain or loss recorded in the consolidated statements of operations and comprehensive loss. The Company concluded that the conversion feature does not require bifurcation based on the derivative accounting scope exception in ASC 815 for certain contracts involving an entity’s own equity.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	57,293	$	53,185
Accrued interest		13,769		6,382
Interest expense		7,387		6,382
Unrealized foreign exchange (gain) loss on principal		4,108		(994	)
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

(2)

The Company issued 10% interest notes with various third parties through the NPA:

●

Between November and December 2018, the Company borrowed $11,100 through notes payable from a U.S. based investment firm. The notes originally matured on December 31, 2019 and bore interest of 8.99% per annum. In April 2019, these notes payable were cancelled, and the outstanding principal and accrued interest of $8,100 and $481, respectively, was contributed to the NPA executed on April 29, 2019. No loss or gain was recognized during the year ended December 31, 2019, on contribution as the net carrying amount of the notes payable equaled the reacquisition price.

In April 2019, the Company executed a joinder agreement to the NPA with a U.S. based investment firm for a convertible note payable with total principal of $8,581. The convertible note payable originally matured on May 31, 2020. The interest rate, collateral, and covenants are the same as the NPA. Upon both a preferred stock offering and prepayment notice by the holder or the maturity date of the notes payable, the holder of the note payable may elect to convert all of the outstanding principal and accrued interest of the note payable plus a 20% premium into shares of preferred stock of the Company issued in a preferred stock offering. The Company elected the fair value option for these notes payable. See Note 4 Fair Value of Financial Instruments. The note payable is collateralized by virtually all tangible and intangible assets of the Company. The NPA contains non-financial covenants and as of December 31, 2020, the Company was in compliance with all covenants.

The Company elected the fair value option for the notes payable through the NPA. See Note 4 Fair Value of Financial Instruments. The fair value of the note payable was $10,246 and $10,198 as of December 31, 2020 and 2019, respectively.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	8,581	$	8,581
Accrued interest		1,418		557
Interest expense		861		557
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		3,000
Interest payments		—		—
Proceeds		—		—

●

Between June and August 2019, the Company borrowed $17,637 through notes payable under the NPA. The notes originally matured on May 31, 2020 and bear interest of 10% per annum.

The fair value of the notes payable were $21,059 and $20,956 as of December 31, 2020 and 2019, respectively.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	17,637	$	17,637
Accrued interest		2,637		879
Interest expense		1,768		879
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		17,637

●

In May 2019, the Company borrowed $900 through a note payable from a U.S. based investment firm under the NPA. The note payable originally matured on March 6, 2020 and bore interest of 10% per annum.

The fair value of the note payable was $1,075 and $1,069 as of December 31, 2020 and 2019, respectively.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	900	$	900
Accrued interest		143		42
Interest expense		90		42
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		900

On October 9, 2020, the Company entered into the Second A&R NPA with Birch Lake and the lender, which extended the maturity dates of all NPA notes to the earliest of (i) October 6, 2021, (ii) the consummation of a Qualified SPAC Merger, (iii) the occurrence of a change in control, or (iv) the acceleration of the NPA obligations pursuant to an event of default, as defined in the NPA, as amended.

(3)

The Company issued the following notes with an interest rate of 12.00% per annum.

●

In December 2016, the Company borrowed $10,000 through notes payable issued by a U.S. based investment firm. The notes originally matured on December 31, 2019, have no covenants and are unsecured. During the year ended December 31, 2019, the Company converted $600 of accrued interest into the principal balance of the notes payable.

On November 24, 2020, the note payable was modified to extend the maturity date to June 30, 2021 and add a conversion feature. This feature, contingent upon the closing of a Qualified SPAC Merger, requires the Company to issue Class A ordinary Stock to the lender based on a fixed conversion ratio immediately prior to the closing of the Qualified SPAC Merger to settle the outstanding notes payable before being exchanged for Qualified SPAC Merger shares upon the Qualified SPAC Merger closing date.

The modification has been accounted for as a troubled debt restructuring because the Company is experiencing financial difficulty and the conversion mechanism results in the effective borrowing rate decreasing after the restructuring which was determined to be a concession. Since the future undiscounted cash flows of the restructured notes payable exceed the net carrying value of the original note payable due to the maturity date extension, the modification has been accounted for prospectively with no gain or loss recorded in the consolidated statements of operations and comprehensive loss. The Company concluded that the conversion features do not require bifurcation based on the derivative accounting scope exception in ASC 815 for certain contracts involving an entity’s own equity.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	10,600	$	10,600
Accrued interest		2,547		1,272
Interest expense		1,275		1,272
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		600
Proceeds		—		—

During 2020, the Company identified an immaterial error in the disclosure of accrued interest as of December 31, 2019 and adjusted the prior year amounts for such error. This correction did not impact the current and previously reported consolidated balance sheet, consolidated statement of operations and comprehensive loss, statement of convertible preferred stock and stockholders’ deficit, and consolidated statement of cash flows.

●

In December 2016, the Company borrowed $1,500 through a note payable from a U.S. based investment firm. The note originally matured on December 31, 2019, has no covenants and is unsecured.

On September 25, 2020, the note payable was modified to extend the maturity date to June 30, 2021 and add a conversion feature. This feature, contingent upon the closing of a Qualified SPAC Merger, requires the Company to issue Class A ordinary stock to the lender based on a fixed conversion ratio immediately prior to the closing of the Qualified SPAC Merger to settle the outstanding notes payable before being exchanged for Qualified SPAC Merger shares upon the Qualified SPAC Merger closing date.

The modification has been accounted for as a troubled debt restructuring because the Company is experiencing financial difficulty and the conversion mechanism results in the effective borrowing rate decreasing after the restructuring which was determined to be a concession. Since the future undiscounted cash flows of the restructured notes payable exceed the net carrying value of the original note payable due to the maturity date extension, the modification has been accounted for prospectively with no gain or loss recorded in the consolidated statements of operations and comprehensive loss. The Company concluded that the conversion features do not require bifurcation based on the derivative accounting scope exception in ASC 815 for certain contracts involving an entity’s own equity.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	1,500	$	1,500
Accrued interest		587		204
Interest expense		203		204
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

●

In June 2016, the Company borrowed $20,000 through a note payable from a U.S. based investment firm. The note originally matured on October 15, 2019, has no covenants and is unsecured. The Company made principal payments of $13,000 in 2018.

On November 24, 2020, the note payable was modified to extend the maturity date to June 30, 2021 and add a conversion feature. This feature, contingent upon the closing of a Qualified SPAC Merger, requires the Company to issue Class A ordinary stock to the lender based on a fixed conversion ratio immediately prior to the closing of the Qualified SPAC Merger to settle the outstanding notes payable before being exchanged for Qualified SPAC Merger shares upon the Qualified SPAC Merger closing date.

The modification has been accounted for as a troubled debt restructuring because the Company is experiencing financial difficulty and the conversion mechanism results in the effective borrowing rate decreasing after the restructuring which was determined to be a concession. Since the future undiscounted cash flows of the restructured notes payable exceed the net carrying value of the original note payable due to the maturity date extension, the modification has been accounted for prospectively with no gain or loss recorded in the consolidated statements of operations and comprehensive loss. The Company concluded that the conversion features do not require bifurcation based on the derivative accounting scope exception in ASC 815 for certain contracts involving an entity’s own equity.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	7,000	$	7,000
Accrued interest		1,682		840
Interest expense		842		840
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

(4)

The Company issued the following notes with a third party.

●

In July 2017, the Company borrowed $22,400 through a note payable from a U.S. based investment firm. The note originally matured on December 31, 2019, bears interest at 1.52% per annum, has no covenants and is unsecured. During 2017 and 2018, there were a total of $18,000 of principal payments.

As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $157 recorded in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $55 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	4,400	$	4,400
Accrued interest		314		230
Interest expense		84		50
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

●

In December 2019, the Company borrowed an additional $2,240 through a note payable from this U.S. based investment firm. The note originally matured on July 1, 2020, bears interest at 8.99% per annum, has no covenants and is unsecured.

As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $7 recorded in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $2 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	2,240	$	2,240
Accrued interest		202		17
Interest expense		185		17
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		2,240

●

In January 2020, the Company borrowed an additional $300 through a note payable from this U.S. based investment firm. The note originally matured on June 30, 2020, bears interest at 8% per annum, has no covenants and is unsecured.

As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $2 recorded in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $1 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	300	$	—
Accrued interest		23		—
Interest expense		23		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		300		—

(5)

The Company issued notes with various third parties through its operations in China.

●

In April 2017, the Company borrowed $3,496 through a note payable from a Chinese lender. The note originally matured on October 20, 2017, bears interest at 9.00% per annum, has no covenants and is unsecured.

As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $27 recorded in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $9 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	3,677	$	3,440
Accrued interest		2,314		1,535
Interest expense		637		635
Unrealized foreign exchange (gain) loss on principal		237		(56	)
Unrealized foreign exchange (gain) loss on accrued interest		142		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

●

Between January 2019 and December 2019, the Company borrowed $11,515 through notes payable from a Chinese lender. The notes payable mature on January 16, 2020 and December 6, 2020, bear interest at 6% per annum, have no covenants and are unsecured. During the year ended December 31, 2019, the Company made principal payments of $8,155 resulting in a realized foreign currency gain of $205.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	4,140	$	3,155
Accrued interest		569		299
Interest expense		235		303
Unrealized foreign exchange (gain) loss on principal		219		(1	)
Unrealized foreign exchange (gain) loss on accrued interest		35		—
Realized foreign exchange (gain) on principal		—		(205	)
Principal Payments		—		8,155
Interest Payments		—		—
Proceeds		766		11,515

As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $84 recorded in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $29 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment.

●

In 2017 and 2018, Company borrowed $4,371 through notes payable from various Chinese lenders. The notes payable are payable on demand by the lenders, do not have a stated interest rate, have no covenants and are unsecured. As of December 31, 2020, these notes payable were in default.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	4,597	$	4,300
Accrued interest		—		—
Interest expense		—		—
Unrealized foreign exchange (gain) loss on principal		297		(71	)
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

●

Between June and September 2020, the Company borrowed $761 through notes payable from a Chinese lender. The notes payable are payable on demand by the lender, bear interest at 6% per annum, have no covenants, and are unsecured.

As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $13 recorded in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $4 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	729	$	—
Accrued interest		19		—
Interest expense		19		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		32		—
Interest payments		—		—
Proceeds		761		—

(6)

The Company issued the following notes with a third party.

●

In March 2019, the Company borrowed $1,500 through a note payable from a U.S. based investment firm. The note originally matured on March 6, 2020, bears interest at 8.99% per annum, has no covenants and is unsecured.

As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $1 recorded in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	380	$	500
Accrued interest		99		54
Interest expense		45		54
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		120		1,000
Interest payments		—		—
Proceeds		—		1,500

●

In June 2019, the Company borrowed $3,600 through a note payable from a U.S. based investment firm. The note matured on July 5, 2019, bears interest at 2.99% per annum, has no covenants and is unsecured.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	—	$	—
Accrued interest		4		4
Interest expense		—		4
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		3,600
Interest payments		—		—
Proceeds		—		3,600

●

In September 2019, the Company borrowed $180 through a note payable from a U.S. based investment firm. The note originally matured December 1, 2019, bears interest at 6.99% per annum, has no covenants and is unsecured.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	180	$	180
Accrued interest		10		4
Interest expense		6		4
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		180

●

In November 2019, the Company borrowed $2,700 through a note payable from a U.S. based investment firm. The note originally matured on June 3, 2020, bears interest at 6.99% per annum, has no covenants and is unsecured.

As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $14 recorded in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $5 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	1,200	$	2,700
Accrued interest		192		26
Interest expense		171		26
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		1,500		—
Interest payments		5		—
Proceeds		—		2,700

(7)

In October 2018, the Company borrowed $1,500 through a note payable from a U.S. based investment firm. The note originally matured on December 31, 2019, bears interest at 2.86% per annum, has no covenants and is unsecured.

As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $45 recorded in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $16 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	1,500	$	1,500
Accrued interest		95		52
Interest expense		43		43
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

The following notes payable were paid in full during the year ended December 31, 2019:

●

In May 2018, the Company borrowed $17,000 through a note payable from a U.S. based private commercial real estate lender. The note payable matured on May 22, 2019 and bore interest at 9.75% per annum. The Company’s headquarters property (“HQ”) in Gardena, California was pledged as collateral for this loan. On February 4, 2019, the Company entered into a Purchase and Sale Agreement (“PSA”) for the Company’s HQ with Atlas Capital Investors V, LP (“Atlas”) for a sale price of $29,000. The Company used the proceeds from the sale to settle the principal of $17,000 and accrued interest of $565.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	—	$	—
Accrued interest		—		—
Interest expense		—		565
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		17,000
Interest payments		—		565
Proceeds		—		—

In March 2019, the Company leased the HQ back from Atlas for a term of three years, with an option to repurchase the HQ at any time prior to the expiration of the lease for a purchase price equal to the greater of $44,029 or the fair market value of the HQ, as determined in accordance with the lease. This transaction qualified as a failed sale leaseback given the Company’s option within the PSA to repurchase the HQ. The Company recognized a $29,000 financing obligation recorded in capital leases on the consolidated balance sheets. No gain or loss was record on the failed sale-leaseback. The Company has continued to capitalize and depreciate the HQ long-lived asset. The ongoing lease payments to Atlas are recorded as reductions to the financing obligation and associated interest expense. The Company recorded interest expense of $1,760 and $1,435 during the years ended December 31, 2020 and 2019.

●

On April 29, 2019, the Company borrowed $15,000 through a TLA with BL Mobility Fundco, LLC as the lender, and Birch Lake Fund Management, LP as the agent and collateral agent. The TLA matured on September 30, 2019. The obligations due under the TLA are collateralized by a first lien on virtually all tangible and intangible assets of the Company. The interest rate on the loan is 15.50%, 21.50% when in default, and the loan is subject to a liquidation preference premium of up to 63.50% of the original principal amount, of which the borrowers have the right to allow conversion of 30% into equity interests of the Company. The Company determined that this liquidation premium with conversion right represents an embedded derivative to be accounted for at fair value. See Note 4 Fair Value of Financial Instruments.

In October 2019, the Company paid the outstanding principal of $15,000 and $6,668 in loan exit costs to the lender upon extinguishment of the TLA. The Company recorded interest expense for the year ended December 31, 2019 of $213. The Company incurred $3,145 of issuance costs which were expensed in interest expense during the year ended December 31, 2019.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	—	$	—
Accrued interest		—		—
Interest expense		—		213
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		21,668
Interest payments		—		—
Proceeds		—		15,000

●

In November 2018, the Company borrowed $4,200 through a note payable from a U.S. based lender. The note matured on November 8, 2019, bore interest at 13.00% per annum, had no covenants and the Company’s property in Las Vegas was pledged as collateral for this loan. The Company settled the note by paying $4,200 of principal and $420 of interest during the year ended December 31, 2019.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	—	$	—
Accrued interest		—		—
Interest expense		—		208
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		4,200
Interest payments		—		420
Proceeds		—		—

(8)

On September 9, 2020, the Company issued $15,000 of secured convertible promissory notes to a US-based investment firm through entering into a Joinder to the NPA, receiving net proceeds of $13,800, inclusive of an 8% original issue discount. The senior convertible promissory notes bear interest at 0%. The NPA notes mature on the earliest of (i) March 9, 2022, (ii) the Vendor Trust maturity date (See Note 10 Vendor Payables in Trust), as amended, (iii) the maturity of any First Out NPA Notes, which include the notes with Birch Lake and FF Ventures (“First Out Notes”), or (iv) the acceleration of the NPA notes payable pursuant to an event of default.

In the event the Company consummates a Qualified SPAC Merger, an amount equal to 130% of all outstanding principal, accrued and unpaid interest and accrued original issue discount through the date of consummation of the Qualified SPAC Merger will automatically convert into Class A ordinary stock of the SPAC in connection with the Qualified SPAC Merger, and the notes payable and interest thereon shall no longer be outstanding and shall be deemed satisfied in full and terminated. The Company determined that the feature to settle the notes payable with shares upon the occurrence of a Qualified SPAC Merger is a contingent share-settled redemption option and represents an embedded derivative. Additionally, the feature to redeem the notes payable upon a default event is a contingently exercisable put option and represents an embedded derivative. The Company elected the fair value option for this note payable. See Note 4 Fair Value of Financial Instruments. The fair value of the note payable was $17,712 as of December 31, 2020.

In addition, the notes payable included a warrant to purchase ordinary stock. The holder of the warrant has the ability to exercise their right to acquire up to 1,930,147 shares of Class A Ordinary Stock of the Company for a period of up to 7 years, or September 9, 2027. The exercise price of the warrant is $2.72, subject to certain down-round adjustments. The warrants are accounted for in equity at fair value based on the derivative accounting scope exception in ASC 815 for certain contracts involving an entity’s own equity. The Company estimates the fair value of the warrants to be $490 using the Black-Scholes option-pricing model. Determining the fair value of these warrants under this model requires subjective assumptions, including the fair value of the underlying ordinary stock of $0.38, risk-free interest rate of 0.47%, the expected volatility of the price of the Company’s ordinary stock of 35.81%, and the expected dividend yield of the Company’s ordinary stock of 0%. These estimates involve inherent uncertainties and the application of management’s judgment.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	15,000	$	—
Accrued interest		—		—
Interest expense		—		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		15,000		—

(9)

On October 9, 2020, the Company entered into a Second A&R NPA with Birch Lake borrowing $15,000 in secured convertible notes payable (“BL Notes”). The BL Notes accrue interest at 12.75% per annum through January 31, 2021 and at 15.75% per annum thereafter. The BL Notes mature on the earliest of (i) October 6, 2021, (ii) the consummation of a Qualified SPAC Merger, (iii) the occurrence of a change in control, or (iv) the acceleration of the NPA obligations pursuant to an event of default. Additionally, the BL Notes contain a liquidation premium that ranges from 35% to 45% depending on the timing of settlement with 50% of this premium convertible into equity and the lender is able to demand repayment if an event of default, change in control, or a Qualified SPAC Merger occurs. The Company determined that the feature to settle the BL Notes at a premium upon the occurrence of a default, change in control, or a Qualified SPAC Merger is a contingently exercisable put option with a liquidation premium and represents an embedded derivative. The Company elected the fair value option for this note payable. See Note 4 Fair Value of Financial Instruments. The fair value of the note payable was $20,972 as of December 31, 2020.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	15,000	$	—
Accrued interest		—		—
Interest expense		366		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		366		—
Proceeds		15,000		—

(10)

During 2019, a U.S. corporation made deposits of $11,635 with the Company as an advance to purchase FF 91 vehicles. On February 1, 2020, due to production delays the Company entered into a deposit conversion agreement with this corporation to convert the deposit amounts previously paid into a note payable. Upon conversion, the Company reclassified the deposit recorded in other current liabilities as of December 31, 2019 to notes payable as of December 31, 2020. The note matured on December 31, 2020, bears interest at 8.0% per annum, has no covenants and is unsecured.

As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $87 recorded in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $30 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	11,635	$	—
Accrued interest		1,177		—
Interest expense		933		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

(11)

On April 17, 2020, the Company received loan proceeds from East West Bank of $9,168 under the Paycheck Protection Program (“PPP”). The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), provides for loans to qualifying businesses. The loans and accrued interest are forgivable as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent, and utilities, as described in the CARES Act. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries. The unforgiven portion of the PPP loan is payable over two years at an interest rate of 1%, with a deferral of payments for the later of the first six months or when the amount of the loan forgiveness is determined. The Company used the proceeds for purposes consistent with the PPP requirements. The Company is still in the process of applying for forgiveness and no amounts have been forgiven as of December 31, 2020. The note matures April 17, 2022, has no covenants, and is unsecured.

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	9,168	$	—
Accrued interest		65		—
Interest expense		65		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		9,168		—

Fair Value of Notes Payable Not Carried at Fair Value

The estimated fair value, using inputs from Level 3 under the fair value hierarchy, of the Company’s outstanding notes payable not carried at fair value are $127,130 and $94,590 as of December 31, 2020 and 2019, respectively.

Schedule of Principal Maturities of Notes Payable

The future scheduled principal maturities of third-party debt as of December 31, 2020 are as follows:

Years ended December 31,
Due on demand	$	65,949
2021		102,541
2022		9,168
	$	177,658

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
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-Paragraph 1B
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1I
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
-Section 50
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
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-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
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-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Vendor Payables in Trust

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

FF Intelligent Mobility Global Holdings Ltd [Member]

Vendor Payables in Trust [Line Items]

Vendor Payables in Trust

10.

Vendor Payables in Trust

On April 29, 2019, the Company established the Faraday Vendor Trust (“Vendor Trust”), with the intention to stabilize the Company’s supplier base by providing suppliers with the ability to exchange their unsecured trade receivables for secured trust interests. Repayment of the trust interests is governed by a Trade Receivables Repayment Agreement dated as of April 29, 2019 (“Trade Receivables Repayment Agreement”). All interests in the Vendor Trust are collateralized by a first lien, with third payment priority, in agreement with applicable intercreditor arrangements, on virtually all tangible and intangible assets of the Company. The applicable interest rate for the vendor trust principal balance is 6.00%, calculated daily from the date of contribution and is non-compounding. The Company determined that the economic substance of the obligations under the Vendor Trust is an in-substance financing.

A total of $109,565 and $111,574 of the Company’s trade payables have been included in the Vendor Trust as of June 30, 2021 and December 31, 2020, respectively. Accrued interest related to the Vendor Trust aggregated $13,358 and $11,840 as of June 30, 2021 and December 31, 2020, respectively. The Vendor Trust also includes approximately $8,380 and $25,000 of purchase orders as of June 30, 2021 and December 31, 2020, respectively, related to goods and services yet to be received. These vendors did not contribute any receivables into the Vendor Trust related to these purchase orders, as the goods and services are to be received at a future date. As such, the Company may cancel the vendor’s interest in the Vendor Trust related to these purchase orders until such time that the vendors begin to fulfil the requested goods and services.

On October 30, 2020, the agreement governing the Vendor Trust (the “Vendor Trust Agreement”) was modified to add a conversion feature to allow the secured interests in the Vendor Trust to convert into a variable number of PSAC shares if a Qualified SPAC Merger (as defined in the Vendor Trust Agreement) occurs. The Company accounted for this modification as an extinguishment because the conversion feature is considered substantive, as the conversion feature is reasonably possible to be exercised. The conversion feature does not require bifurcation because it is clearly and closely related to the host instrument, since the conversion does not involve a substantial premium or discount. Accretion of the discount created from the gain recorded on extinguishment of $679 and $1,350 was recorded in Interest Expense in the unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss for the three and six months ended June 30, 2021, respectively. The Vendor Trust carrying value was $109,574 and $110,224, net of remaining discounts, as of June 30, 2021 and December 31, 2020, respectively.

On March 1, 2021, the maturity date of the secured trust interests in the Vendor Trust was extended to the earliest of: (i) October 6, 2021; (ii) the closing of a Qualified SPAC Merger; (iii) a change in control of the Company; or (iv) an acceleration of the obligations under certain of the Company’s other secured financing arrangements. The Trade Receivables Repayment Agreement includes an event of default if a Qualified SPAC Merger does not close by July 27, 2021.

The estimated fair value of the Vendor Trust, using inputs from Level 3 under the fair value hierarchy, was $117,575 and $109,762 as of June 30, 2021 and December 31, 2020, respectively.

Termination of Interests in the Vendor Trust

On June 4, 2021, the Company entered into an agreement with a vendor with an interest in the Vendor Trust for future services. The Company and the vendor agreed to forgive $14,166 relating to future work instead of converting these interests to equity upon the close of the Business Combination. In addition, it was agreed to terminate and forgive $1,901 of the vendor’s interest for work performed, resulting in a gain of $1,731.

On June 7, 2021, the Company entered into agreements with two vendors and settled in cash an interest in the Vendor Trust aggregating $5,367. The vendors’ remaining interests aggregating $17,457 is payable in cash only in the event the Qualified SPAC Merger closes by July 31, 2021, otherwise the payables will remain in the Vendor Trust under the original terms.

On June 9, 2021, the Company agreed to designate $10,000, to be paid at the election of certain of the interest holders in the Vendor Trust at the closing of the Qualified SPAC Merger.

Subsequent to June 30, 2021, at the closing of the Business Combination, the Company settled the majority of the outstanding payables of the Vendor Trust as well as any accrued interest and amounts for purchase orders related to goods and services yet to be received, by paying $28,355 in cash and issuing 10,456,642 shares of FFIE Class A Common Stock. See Note 15. Subsequent Events for more information related to the closing of the Business Combination.

10.

Vendor Payables in Trust

On April 29, 2019, the Company established the Faraday Vendor Trust (“Vendor Trust”), which is intended to stabilize the Company’s supplier base by providing suppliers with the ability to exchange their unsecured trade receivables for secured trust interests. Repayment of the trust interests is governed by a Trade Receivables Repayment Agreement dated as of April 29, 2019 (“Trade Receivables Repayment Agreement”). All interests in the Vendor Trust are collateralized by a first lien, with third payment priority, pursuant to applicable intercreditor arrangements, on virtually all tangible and intangible assets of the Company. The applicable interest rate for the vendor trust principal balance is 6.00%. The secured trust interests bear daily non-compounding interest from the date of contribution. The Company determined that the economic substance of the obligations under the Vendor Trust is an in-substance financing. As a result, the Company reported an operating cash outflow and financing cash inflow of $174 and $115,900 on the consolidated statements of cash flows during the years ended December 31, 2020 and 2019.

A total of $111,574 and $115,900 of the Company’s trade payables have been contributed to the Vendor Trust with accrued interest of $11,840 and $4,638 as of December 31, 2020 and 2019, respectively, which is recorded within accrued interest on the Company’s consolidated balance sheets. During the year ended December 31, 2020, the Company made aggregate payments of $4,500 on the Vendor Trust. The Vendor Trust also includes approximately $25.0 million of purchase orders related to goods and services to be provided by certain vendors. These vendors did not contribute any receivables into the Vendor Trust related to these purchase orders as the services are to be provided at a future date. As such, the Company may cancel the vendor’s interest in the Vendor Trust related to these purchase orders until such time that the vendors begin to fulfil the requested goods and services.

On October 30, 2020, the agreement governing the Vendor Trust (the “Vendor Trust Agreement”) was modified to add a conversion feature to allow the conversion of the secured interests in the Vendor Trust into a variable number of SPAC shares if a Qualified SPAC Merger (as defined in the Vendor Trust Agreement) occurs. Since the conversion feature is substantive as it is reasonably possible to be exercised, this modification will be accounted for as an extinguishment with a gain on extinguishment of $1,812 recorded in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. The conversion feature does not require bifurcation because it is clearly and closely related to the host instrument since the conversion does not involve a substantial premium or discount. Additionally, accretion of $462 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. These adjustments resulted in the Vendor Trust having a net carrying value of $110,224 as of December 31, 2020.

The estimated fair value, using inputs from Level 3 under the fair value hierarchy, of the Vendor Trust is $109,762 and $112,488 as of December 31, 2020 and 2019, respectively.

During 2020, the Company identified an immaterial error in the disclosure of the fair value of the Vendor Trust as of December 31, 2019 and adjusted the prior year amounts for such error. This correction did not impact the current and previously reported consolidated statement of operations and comprehensive loss and statement of convertible preferred stock and stockholders’ deficit.

Subsequent to December 31, 2020, on March 1, 2021, the maturity date of the secured trust interests in the Vendor Trust was extended to the earliest to occur of October 6, 2021, the closing of a Qualified SPAC Merger, a change in control of FF, or an acceleration of the obligations under certain of FF’s other secured financing arrangements. It is an event of default under the Trade Receivables Repayment Agreement if a Qualified SPAC Merger does not close by July 27, 2021.

Commitments and Contingencies

6 Months Ended

11 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Commitments and Contingencies [Line Items]

Commitments and Contingencies

NOTE 6. COMMITMENTS

Registration Rights

Pursuant to a registration rights agreement entered into on July 21, 2020, the holders of the Founder Shares and Representative Shares, as well as the holders of the Private Units and any units that may be issued in payment of Working Capital Loans made to Company, will be entitled to registration rights. The holders of a majority of these securities are entitled to make up to two demands that the Company register such securities. The holders of the majority of the Founder Shares can elect to exercise these registration rights at any time commencing three months prior to the date on which these shares of common stock are to be released from escrow. The holders of a majority of the Representative Shares, Private Units and units issued in payment of Working Capital Loans (or underlying securities) can elect to exercise these registration rights at any time after the Company consummates a business combination. Notwithstanding anything to the contrary, EarlyBirdCapital may only make a demand on one occasion and only during the five-year period beginning on the effective date of the Initial Public Offering. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the consummation of a Business Combination; provided, however, that EarlyBirdCapital may participate in a “piggy-back” registration only during the seven-year period beginning on the effective date of the Initial Public Offering. The Company will bear the expenses incurred in connection with the filing of any such registration statements.

On the Closing Date, in connection with the consummation of the Business Combination, the Company entered into that certain Amended and Restated Registration Rights Agreement (the “Registration Rights Agreement”) with PSAC, the Sponsor, EarlyBirdCapital, Inc., and certain FF shareholders (collectively, with each other person who has executed and delivered a joinder thereto, the “RRA Parties”), pursuant to which the RRA Parties are entitled to certain registration rights in respect of the registrable securities under the Registration Rights Agreement. The material terms of the Registration Rights Agreement are described in the section of the Proxy Statement entitled “Certain Agreements Related to the Business Combination—Registration Rights Agreement,” which is incorporated herein by reference.

Business Combination Marketing Agreement

The Company has engaged EarlyBirdCapital as an advisor in connection with a Business Combination to assist the Company in holding meetings with its shareholders to discuss the potential Business Combination and the target business’ attributes, introduce the Company to potential investors that are interested in purchasing the Company’s securities in connection with a Business Combination, assist the Company in obtaining shareholder approval for the Business Combination and assist the Company with its press releases and public filings in connection with the Business Combination. The Company will pay EarlyBirdCapital a cash fee for such services upon the consummation of a Business Combination in an amount equal to 3.5% of the gross proceeds of Initial Public Offering, or $8,042,149 (exclusive of any applicable finders’ fees which might become payable); provided that up to 33% of the fee may be allocated at the Company’s sole discretion to other third parties who are investment banks or financial advisory firms not participating in this offering that assist the Company in identifying and consummating a Business Combination.

NOTE 7. COMMITMENTS

Registration Rights

Business Combination Marketing Agreement

FF Intelligent Mobility Global Holdings Ltd [Member]

Commitments and Contingencies [Line Items]

Commitments and Contingencies

11.

Commitments and Contingencies

Legal Matters

The Company is, from time to time, subject to claims and disputes arising in the normal course of business. In the opinion of management, while the outcome of any such claims and disputes cannot be predicted with certainty, its ultimate liability in connection with these matters is not expected to have a material adverse effect on the Company’s results of operations and cash flows.

As of June 30, 2021 and December 31, 2020, the Company had accrued contingent liabilities of $13,127 and $6,025, respectively, for potential financial exposure related to ongoing legal matters primarily related to breach of contracts and employment matters. As of June 30, 2021, contingent liabilities of $12,333 were recorded in Accounts Payable and $794 was recorded in Accrued Expenses and Other Liabilities on the Company’s Condensed Consolidated Balance Sheets. Similarly, $5,025 was recorded in Accrued Expenses and Other Liabilities and $1,000 was recorded in Other Liability, less current portion on the Company’s December 31, 2020, Condensed Consolidated Balance Sheets. These contingent liabilities are related to four legal matters that have been determined to be both probable of loss and reasonably estimable.

The Company recorded the incremental loss related to an outstanding legal matter in the amount of $6,309 as general and administrative expense in the Condensed Consolidated Statements of Operations and Comprehensive Loss for the three and six months ending June 30, 2021. Subsequent to June 30, 2021, the Company settled an outstanding legal matter for $2,850 in cash and agreed to issue stock options to purchase 6,000,000 Class A Ordinary Stock in the Company at an exercise price of $0.36 per share (“Settlement Options”). The Settlement Options vest 21 days after the Closing Date of the Business Combination. As part of the settlement agreement, no party admitted or acknowledged the existence of any liability or wrongdoing and all claims, including those asking for damages, were voluntarily dismissed.

11.

Commitments and Contingencies

Facility Leases

The Company’s lease agreements include leasehold improvement incentives as well as escalation clauses. The Company records rent expense on a straight-line basis over the lease term.

The Company has several noncancelable operating leases, primarily for office space, with various expiration dates through December 2021. These leases generally contain renewal options for periods ranging from three to five years and require the Company to pay all executory costs such as maintenance and insurance.

The Company recorded rent expense of $2,452 and $4,282 for the years ended December 31, 2020 and 2019, respectively.

The minimum aggregate future obligations under noncancelable operating leases as of December 31, 2020 were as follows:

Year ended December 31,
2021	$	525
	$	525

The Company has four capital leases, one in Hanford, California for its main production facility, one in Gardena, California for its headquarters and two equipment leases.

The minimum aggregate future minimum lease payments under capital leases as of December 31, 2020 were as follows:

Years ended December 31,
2021	$	4,395
2022		3,041
2023		2,166
2024		1,757
2025		1,792
Thereafter		3,692
	$	16,843

Legal Matters

As of December 31, 2020 and 2019, the Company accrued contingent liabilities of approximately $ 6,025 and $10,780, respectively, for potential financial exposure related to ongoing legal matters primarily related to breach of contracts and employment matters. As of December 31, 2020 and 2019, contingent liabilities of $5,025 and $3,305, respectively, were recorded in accrued expenses and other liabilities on the Company’s consolidated balance sheets. As of December 31, 2020 and 2019, non-current contingent liabilities of $1,000 and $7,475, respectively, were recorded in other liabilities on the Company’s consolidated balance sheets. These contingent liabilities are related to four and six legal matters as of December 31, 2020, and 2019, respectively, that have been determined to be both probable of loss and reasonably estimable.

During the year ended December 31, 2020, $2,500 of legal claims were settled in cash for amounts consistent with the amount accrued as of December 31, 2019. In addition, during the year ended December 31, 2020, a legal matter associated with a United States Department of Labor investigation was resolved without any additional fines or penalties, resulting in the reversal of accrued expense in the amount of $2,255, which was recorded in general and administrative expense in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2020.

During the year ended December 31, 2020, the Company received a judicial decision relating to a dispute for unpaid vendor payments. The judicial decision obligated the Company to pay $6,082 to certain vendors. This amount was not previously accrued in 2019 as the settlement was not considered probable as of December 31, 2019. The Company recorded $6,082 in general and administrative expense in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2020 and recorded in accrued expenses and other liabilities on the consolidated balance sheets as of December 31, 2020.

During 2019, the Company resolved two separate breach of contract claims related to land in Las Vegas previously owned by the Company. One matter related to a dispute with a vendor was settled for $4,500 and was placed in the Vendor Trust. A second matter with a vendor was settled in cash for $890 during 2019. The Company reversed $12,960 of contingent liabilities associated with the final settlement of these legal matters and recorded the reversal in general and administrative expense in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2019.

Additionally, during 2019 the Company resolved a wrongful termination claim which was settled for $550 during 2019. The Company reversed $1,725 of contingent liabilities associated with the final settlement of this legal matter and recorded the reversal in general and administrative expense in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2019.

Preferred and Ordinary Stock

6 Months Ended

11 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Preferred and Ordinary Stock [Line Items]

Preferred and Ordinary Stock

NOTE 7. STOCKHOLDER’S EQUITY

Preferred Stock — The Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors. At June 30, 2021 and December 31, 2020, there were no shares of preferred stock issued or outstanding.

Common Stock — The Company is authorized to issue 50,000,000 shares of common stock with a par value of $0.0001 per share. At June 30, 2021 and December 31, 2020, there were 6,538,943 and 7,227,474 shares of common stock issued and outstanding, excluding 22,977,568 and 22,289,037 shares of common stock subject to possible redemption, respectively.

NOTE 8. STOCKHOLDERS’ EQUITY (RESTATED)

Preferred Stock — The Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors. At December 31, 2020, there were no shares of preferred stock issued or outstanding.

Common Stock — The Company is authorized to issue 50,000,000 shares of common stock with a par value of $0.0001 per share. At December 31, 2020, there were 7,227,474 shares of common stock issued and outstanding, excluding 22,289,037 shares of common stock subject to possible redemption.

FF Intelligent Mobility Global Holdings Ltd [Member]

Preferred and Ordinary Stock [Line Items]

Preferred and Ordinary Stock

12.

Preferred and Ordinary Stock

The number of authorized, issued and outstanding stock, liquidation value and carrying value as of June 30, 2021 and December 31, 2020, were as follows:

	June 30, 2021
	Authorized Shares		Issued and Outstanding Shares		Liquidation Value		Carrying Value
Redeemable Preference Stock		470,588,235		470,588,235	$	800,000	$	724,823
Class A-1 Convertible Preferred Stock		87,617,555		57,513,413		96,048		96,048
Class A-2 Convertible Preferred Stock		158,479,868		19,546,600		38,311		38,311
Class A-3 Convertible Preferred Stock		1,475,147		—		—		—
Class B Convertible Preferred Stock		452,941,177		452,941,177		1,106,988		697,643
Class A Ordinary Stock		665,209,680		64,224,007		—		—
Class B Ordinary Stock		180,000,000		150,052,834		—		1
		2,016,311,662		1,214,866,266	$	2,041,347	$	1,556,826

	December 31, 2020
	Authorized Shares		Issued and Outstanding Shares		Liquidation Value		Carrying Value
Redeemable Preference Stock		470,588,235		470,588,235	$	800,000	$	724,823
Class B Convertible Preferred Stock		600,000,000		452,941,177		1,106,988		697,643
Class A Ordinary Stock		400,000,000		41,234,448		—		—
Class B Ordinary Stock		180,000,000		147,058,823		—		1
		1,650,588,235		1,111,822,683	$	1,906,988	$	1,422,467

Upon the effectiveness of the Seventh Amended and Restated Articles of Association of the Company on January 27, 2021, the number of shares of capital stock that are authorized to be issued increased to 2,016,311,662, due to the Company authorizing additional shares of Class A Ordinary Stock and the following new classes of Preferred Stock: 87,615,555 Class A-1 Convertible Preferred Stock with par value of $0.00001 per share; 158,479,868 Class A-2 Convertible Preferred Stock with par value of $0.00001 per share; 1,475,147 Class A-3 Convertible Preferred Stock with par value of $0.00001 per share (collectively “Class A Preferred Stock”).

Conversion of Related Party Notes Payable

On May 13, 2021, related party notes payable with aggregating principal amounts of $90,869 and accrued interest of $43,490 were converted into 57,513,413 shares of Class A-1 Convertible Preferred Stock with a conversion price of $1.67 per share and 19,546,600 Shares of Class A-2 Convertible Preferred Stock with a conversion price of $1.96 per share. The Class A-1 and A-2 Preferred Stock will convert into shares of FFIE Class A Common Stock after the consummation of the Business Combination with a conversion ratio of 7.077.

The rights, privileges, and preferences of the Company’s Class A Preferred Stock as set forth in the Company’s Seventh Amended and Restated Articles of Association are as follows:

Voting

The holders of Class A Preferred Stock are entitled to one vote for each share held by such holder.

Conversion

The Class A Preferred Stock is convertible into Class A Ordinary Stock on a one-to-one basis at the option of holders of Class A Preferred Stock at any time upon written notice to the Company. In connection with the Merger, the Class A Preferred Stock will be automatically converted into FFIE Class A Ordinary Stock based on the Exchange Ratio.

Liquidation

In the event of any liquidation or deemed liquidation event such as dissolution, winding up, or loss of control, either voluntary or involuntary, or in entering into a SPAC transaction, after the Redeemable Preference Convertible Stock have been redeemed and paid in full, the holders of Class A Preferred Stock are entitled to receive cash, pari passu with the holders of the Class B Convertible Preferred Stock and prior and in preference to any payment or distribution and setting apart for payment or distribution of any of the assets or surplus funds of the Company to the holders of any Ordinary Stock, in an amount equal to the greater of (a) $1.67, $1.96, and $1.715 per share for the Class A-1 Convertible Preferred Stock, Class A-2 Convertible Preferred Stock, and Class A-3 Convertible Preferred Stock, respectively, plus any declared but unpaid dividends on each such Class A Preferred Stock, or (b) the aggregate amount payable in a liquidation to the Class A Preferred Stock assuming the Class A Preferred Stock had been converted into Ordinary Stock of the Company prior to such liquidation.

Classification

The liquidation preference rights the holders of Class A Preferred Stock are entitled to in the event of a deemed liquidation are considered contingent redemption provisions that are not solely within the Company’s control. Accordingly, the Class A Preferred Stock have been presented outside of permanent equity in the mezzanine section of the Condensed Consolidated Balance Sheets.

12.

Preferred and Ordinary Stock

The number of authorized, issued and outstanding stock, liquidation value and carrying value as of December 31, 2020 and 2019 were as follows:

	December 31, 2020
	Authorized Shares		Issued and Outstanding Shares		Liquidation Value		Carrying Value
Redeemable Preference Stock		470,588,235		470,588,235	$	800,000	$	724,823
Class B Preferred Stock		600,000,000		452,941,177		1,106,988		697,643
Class A Ordinary Stock		400,000,000		41,234,448		—		—
Class B Ordinary Stock		180,000,000		147,058,823		—		1
		1,650,588,235		1,111,822,683	$	1,906,988	$	1,422,467

	December 31, 2019
	Authorized Shares		Issued and Outstanding Shares		Liquidation Value		Carrying Value
Redeemable Preference Stock		470,588,235		470,588,235	$	800,000	$	724,823
Class B Preferred Stock		600,000,000		600,000,000		1,466,400		924,149
Class A Ordinary Stock		400,000,000		40,879,124		—		—
Class B Ordinary Stock		100,000,000		—		—		—
Class C Preferred Stock		1,715,186		—		—		—
		1,572,303,421		1,111,467,359	$	2,266,400	$	1,648,972

Amended and Restated Articles of Association

Upon the effectiveness of the Sixth Amended and Restated Articles of Association of the Company on February 13, 2020, the number of shares of capital stock that are authorized to be issued increased to 1,650,588,235, due to an increase of 80,000,000 shares of Class B Ordinary Stock and decrease of 1,715,186 shares of Class C Preferred Stock due to the Company no longer authorized to issue Class C Preferred Stock. No Class C Preferred Stock was ever issued by the Company.

The rights, privileges, and preferences of the Company’s Redeemable Preference Stock, Class B Preferred Stock, (collectively, “Preferred Stock”) and Class A Ordinary Stock and Class B Ordinary Stock, (collectively, “Ordinary Stock”) as set forth in the Company’s Sixth Amended and Restated Articles of Association are as follows:

Voting

The holders of Preferred Stock and Ordinary Stock vote together and not as separate classes. Each holder of Class B Ordinary Stock is entitled to one vote for each share held by such holder. Each holder of Redeemable Preference Stock is entitled to 0.5625 votes for each share held by such holder. Each holder of Class B Preferred Stock is entitled to ten votes for each share held by such holder. The Class A Ordinary Stock does not have any voting rights. Approval of a majority of the Redeemable Preference Stock is required for certain Reserved Matters as defined in the Company’s Sixth Amended and Restated Articles of Association. Such Reserved Matters include: entering into any transaction with a related party not at arm’s length; amending the Company’s Sixth Amended and Restated Articles of Association which alter the terms of the Redeemable Preference Stock in an adverse manner; issuing Redeemable Preference Stock to any other party; issuing equity securities of the Company at a price below a minimum valuation price or ranking senior to the Redeemable Preference Stock on distribution or liquidation; issuing equity securities of any subsidiary other than to certain parties on specified terms; and reducing the Company’s additional paid-in capital or use thereof.

Dividends

The Board is under no obligation to declare dividends; and no rights accrue to the holders of Preferred Stock if dividends are not declared. Any dividends declared are noncumulative, and no dividends on Preferred Stock or Ordinary Stock have been declared by the Board of Directors through December 31, 2020. Unless approved by the holders of the Redeemable Preference Stock, the Company may not declare, pay or set aside any dividends unless all the Redeemable Preference Stock have been redeemed and paid in full. Once the Redeemable Preference Stock have been redeemed and paid in full, when and if dividends are declared by the Board of Directors, such dividends are payable to the holders of Class B Preferred Stock pro rata with the issued and outstanding Ordinary Stock.

Redemption

The Redeemable Preference Stock are callable at the option of the Company at any time within the five-year period after December 31, 2018 upon issuance of a redemption notice. The Redeemable Preference Stock are not redeemable at the option of the holder except in certain circumstances. Mandatory redemption occurs upon a deemed liquidation event, which is upon wind-up, dissolution, liquidation, insolvency, declaration of bankruptcy, or change in control. The contingent redemption upon a deemed liquidation event results in mezzanine equity classification on the Company’s consolidated balance sheets. The redemption price per share is determined by a calculation of the following amounts divided by the number of Redeemable Preference Stock issued as of December 31, 2020: $600,000 if redemption occurs prior to December 31, 2019; $700,000 if redemption occurs on or after December 31, 2019, but prior to December 31, 2020; $800,000 if redemption occurs on or after December 31, 2020, but prior to December 31, 2021; $920,000 if redemption occurs on or after December 31, 2021, but prior to December 31, 2022; and $1,050,000 if redemption occurs on or after December 31, 2022.

The Class B Preferred Stock are contingently redeemable upon a deemed liquidation event. As such, the Company has presented the Class B Preferred Stock in mezzanine equity on the consolidated balance sheets.

Conversion

Each holder of Redeemable Preference Stock may elect to convert its Redeemable Preference Stock to such class of Stock to be held by public stockholders (“Public Shares”) immediately prior to any initial public offering and, on a conversion, each Redeemable Preference Stock will be converted into such number of Public Shares that would give it the same percentage of the share capital of the Company (on a fully diluted basis) that each such Redeemable Preference Stock comprises immediately prior to the conversion.

Class B Preferred Stock are automatically converted to Class B Ordinary Stock on a one for one basis if transferred to another party, which is limited to certain permitted circumstances. Such permitted circumstances include: if the proceeds are used by the founder to exercise his call option to purchase Redeemable Preference Stock; transfer for the purpose of discharging contingent liabilities of the founder and his affiliates; or after an initial public offering and transfer of at least 313,725,490 shares of Redeemable Preference Stock to another party.

Liquidation

In the event of any liquidation or deemed liquidation event such as dissolution, winding up, or loss of control, either voluntary or involuntary, the holders of Preferred Stock are entitled to receive, prior and in preference to any distribution to the holders of Ordinary Stock, first to the redemption in full of the Redeemable Preference Stock. Second to the Class B Preferred Stock. The Class B Preferred Stock are entitled to an amount per share held by them equal to the greater of (a) $2.444 per share plus any declared but unpaid dividends on each Preferred Stock, or (b) the aggregate amount payable in a liquidation to the Preferred Stock assuming the Preferred Stock are paid pro rata along with the Ordinary Stock of the Company. The liquidation preference for the Class B Preferred Stock is $1,106,988 and $1,466,400 as of December 31, 2020 and 2019, respectively. The liquidation preference for the Redeemable Preference Stock is $800,000 and $800,000 as of December 31, 2020 and 2019, respectively.

The Class B Preferred Stockholders are entitled to receive such amounts after the Redeemable Preference Stockholders are redeemed and paid in full. If amounts are not sufficient to pay the foregoing amounts to Class B Preferred Stockholders, then the amounts will be distributed among the holders of Class B Preferred Stock pro rata, in proportion to the full amounts they would otherwise be entitled to receive.

If the holders of Redeemable Preference Stock and Class B Preferred Stock are paid in full, the remaining assets of the Company will be distributed pro rata to the holders of Ordinary Stock in proportion to the number of Ordinary Stock held by them.

Conversion of Class B Preferred Stock

During 2020, 147,058,823 shares of the Company’s Class B Preferred Stock automatically converted into 147,058,823 shares of the Company’s Class B Ordinary Stock at a conversion rate of one for one. Automatic conversion was triggered due to the transfer of the Class B Preferred Stock to another party under the permitted circumstances described above. The conversion was recorded as a transfer from mezzanine equity to additional-paid-in-capital with no impact on accumulated deficit.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 16
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Stock-Based Compensation

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

FF Intelligent Mobility Global Holdings Ltd [Member]

Stock-Based Compensation [Line Items]

Stock-Based Compensation

13. Stock-Based Compensation

As of June 30, 2021, the Company had 13,875,574 shares of Class A Ordinary Stock available for future issuance under its Equity Incentive Plan (“EI Plan”) and the Special Talent Incentive Plan (“STI Plan”).

EI Plan

On February 1, 2018, the Board of Directors adopted the EI Plan, under which the Board of Directors authorized the grant of up to 300,000,000 incentive and nonqualified stock options, restricted stock, unrestricted stock, restricted stock units, and other stock-based awards for Class A Ordinary Stock to employees, directors, and non-employees.

A summary of the Company’s stock option activity under the EI Plan is as follows:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding as of December 31, 2020		215,769,994		$	0.35		8.75	$	885
Granted		26,831,376			0.58
Exercised		(18,871,140	)		0.32
Cancelled/forfeited		(3,452,693	)		0.35
Outstanding as of June 30, 2021		220,277,537		$	0.38		8.46	$	263,084

The weighted-average assumptions used in the Black-Scholes option pricing model for awards granted during the six months ended June 30, 2021 are as follows:

	June 30, 2021
Risk-free interest rate:		0.22	%
Expected term (in years):		2.89
Expected volatility:		49.24	%
Dividend yield:		0.00	%
Grant date fair value per share:	$	0.58

As of June 30, 2021, the total remaining stock-based compensation expense for unvested stock options was $13,100, which is expected to be recognized over a weighted average period of 3.1 years.

STI Plan

The STI Plan allows the Board of Directors to grant up to 100,000,000 incentive and nonqualified stock options, restricted shares, unrestricted shares, restricted share units, and other stock-based awards for Class A Ordinary Stock to employees, directors, and non-employees.

The STI Plan does not specify a limit on the number of stock options that can be issued under the plan. Per the terms of the STI Plan, the Company must reserve and keep available a sufficient number of shares to satisfy the requirements of the STI Plan.

On January 27, 2021, in conjunction with entering into a service agreement with its lessor of the facility located in Hanford, California, the Company issued 2,827,695 fully-vested options with an exercise price of $0.391 per share. In the event that the intrinsic value of the option is less than the accrued outstanding rent payments of $947, the Company will pay the lessor the difference in a single cash payment, otherwise, the accrued outstanding rent will be deemed paid.

A summary of the Company’s stock option activity under the STI Plan is as follows:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding as of December 31, 2020		45,932,116		$	0.35		9.26	$	1,174
Granted		30,043,068			0.97		—		—
Exercised		(4,377,118	)		0.36		—		—
Cancelled/forfeited		(5,880,833	)		0.36		—		—
Outstanding as of June 30, 2021		65,717,233		$	0.63		7.54	$	27,294

The company has elected to use the contractual term of the non-employee options awarded under the STI Plan in accordance with GAAP. The weighted-average assumptions used in the Black-Scholes option pricing model for awards granted during the six months ended June 30, 2021 are as follows:

	June 30, 2021
Risk-free interest rate:		1.31	%
Expected term (in years):		10
Expected volatility:		40.22	%
Dividend yield:		0.00	%
Grant date fair value per share:	$	0.60

As of June 30, 2020, the total remaining stock-based compensation expense for unvested stock options was approximately $4,937, which is expected to be recognized over a weighted average period of approximately one year.

The following table presents stock-based compensation expense included in each respective expense category in the unaudited Condensed Consolidated Statements of Operations and Other Comprehensive Loss for the three and six months ended June 30:

	Three Months Ended June 30,
	2021			2020
Research and development	$	1,070		$	495
Sales and marketing		306			193
General and administrative		(428	)		2,203
	$	948		$	2,891

	Six Months Ended June 30,
	2021		2020
Research and development	$	1,660	$	637
Sales and marketing		505		248
General and administrative		1,302		2,771
	$	3,467	$	3,656

13.

Stock-Based Compensation

2018 Stock Incentive Plan

On February 1, 2018, the Board of Directors adopted the Equity Incentive Plan (“Equity Incentive Plan”), under which the Board of Directors authorized the grant of up to 300,000,000 incentive and nonqualified stock options, restricted stock, unrestricted stock, restricted stock units, and other stock-based awards for ordinary stock to employees, directors and non-employees.

Options are to be granted at an exercise price not less than fair value of the underlying stock on the date of grant. For individuals holding more than 10% of the voting rights of all classes of stock, the per share exercise price will not be less than 110% of fair value per share on the date of grant. The stock options vest based on the passage of time. The stock option vesting period and vesting rate are determined by the Board of Directors. The Board of Directors has granted options with vesting terms of one to four years and contractual terms of ten years.

As of December 31, 2020 and 2019, the Company had 43,327,415 and 107,789,887 shares of Class A ordinary stock available for future issuance under the Equity Incentive Plan, respectively.

A summary of the Company’s stock option activity under the Equity Incentive Plan is as follows:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding as of December 31, 2019		151,330,989		$	0.35		8.86	$	2,197
Granted		96,012,077			0.34
Exercised		(383,994	)		0.34				13
Expired/forfeited		(31,189,078	)		0.32
Outstanding as of December 31, 2020		215,769,994		$	0.35		8.75	$	885

Exercisable as of December 31, 2020		67,772,996		$	0.35		7.88	$	796
Vested and expected to vest as of December 31, 2020		167,962,999		$	0.35		8.59	$	944

The weighted-average assumptions used in the Black-Scholes option pricing model are as follows:

	2020			2019
Risk-free interest rate:		0.45	%		2.10	%
Expected term (in years):		6.13			5.90
Expected volatility:		37.25	%		31.30	%
Dividend yield:		0.00	%		0.00	%
Grant date fair value per share:	$	0.12		$	0.12

The total grant date fair value of options vested during the years ended December 31, 2020 and 2019 was $4,953 and $ 2,903, respectively.

As of December 31, 2020, the total remaining stock-based compensation expense for unvested stock options was $11,861 which is expected to be recognized over a weighted average period of 3.1 years.

2019 Special Talent Incentive Plan

On May 2, 2019, the Company adopted its Special Talent Incentive Plan (“STI Plan”) under which the Board of Directors may grant up to 100,000,000 incentive and nonqualified stock options, restricted shares, unrestricted shares, restricted share units and other stock-based awards for ordinary stock to employees, directors and non-employees.

The STI Plan does not specify a limit on the number of stock options that can be issued under the plan. Per the terms of the STI Plan the Company shall at all times reserve and keep available such number of shares as shall be sufficient to satisfy the requirements of the STI Plan. As of December 31, 2020, the Company the Company had 45,932,116 shares of Class A ordinary stock available for issuance under the STI Plan.

A summary of the Company’s stock option activity under the STI Plan is as follows:

	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding as of December 31, 2019		7,485,000	$	0.36		9.46		—
Granted		38,447,116	$	0.35		—		—
Exercised		—		—		—		—
Expired/Forfeited		—		—		—		—
Outstanding as of December 31, 2020		45,932,116	$	0.35		9.26	$	1,174

Exercisable as of December 31, 2020		35,932,116	$	0.35		9.26	$	910
Vested and expected to vest as of December 31, 2020		45,013,474	$	0.35		9.26	$	1,168

The weighted-average assumptions used in the Black-Scholes option pricing model are as follows:

	2020			2019
Risk-free interest rate:		0.59	%		2.20	%
Expected term (in years):		10			10
Expected volatility:		38.42	%		36.00	%
Dividend yield:		0.00	%		0.00	%
Grant date fair value per share:	$	0.15		$	0.18

The total grant date fair value of options vested during the years ended December 31, 2020 and 2019 was $6,860 and $1,302, respectively.

As of December 31, 2020, the total remaining stock-based compensation expense for unvested stock options was $1,109, which is expected to be recognized over a weighted average period of approximately one year.

Common Units of FF Global Partners LLC

During 2020 and 2019, certain executives and employees of the Company were granted the opportunity to subscribe to 24.0 million and 79.8 million common units, respectively, of FF Global Partners LLC (“FF Global Partners”), a significant shareholder of the Company. The subscription price of $0.50 per common unit, payable by the executives and employees of the Company, was financed through non-recourse loans issued by FF Global Partners payable in equal annual installments over ten years. The common units to be purchased with a non-recourse loan are required to be treated for accounting purposes as stock options granted by FF Global Partners to executives and employees of the Company. The awards were valued using the Black-Scholes option pricing model. The grant date fair value of the units purchased through non-recourse loans was immaterial for the years ended December 31, 2020 and 2019.

The following table presents stock-based compensation expense included in each respective expense category in the consolidated statements of operations and other comprehensive loss for the years ended December 31:

	2020		2019
Research and development	$	941	$	818
Sales and marketing		387		311
General and administrative		8,177		3,481
	$	9,505	$	4,610

Net Loss per Share

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Net Loss per Share

14.

Net Loss per Share

Net Loss Per Share Attributable to Ordinary Stockholders

The Company has four classes of participating securities (Redeemable Preference Stock, Class B Convertible Preferred Stock, Class A-1 Convertible Preferred Stock, and Class A-2 Convertible Preferred Stock) issued and outstanding as of June 30, 2021, and two classes of participating securities (Redeemable Preference Stock and Class B Convertible Preferred Stock) issued and outstanding as of June 30, 2020. Losses are not attributed to the participating securities as the stockholders of Redeemable Preference Stock, Class B Convertible Preferred Stock, and Class A Preferred Stock are not contractually obligated to share in the Company’s losses. The Redeemable Preference Stock participation rights are contingent in the event the stockholders of Redeemable Preference Stock consents to a dividend distribution, which no consent has been provided through June 30, 2021. The Class A Preferred Stock and Class B Convertible Preferred Stock participation rights are contingent on the redemption of the Redeemable Preference Stock, which has not been satisfied as of June 30, 2021.

Basic net loss attributable to ordinary stockholders per share is calculated by dividing net loss attributable to ordinary stockholders by the weighted-average number of outstanding shares of ordinary stock.

Diluted net loss per share attributable to ordinary stockholders adjusts the basic net loss per share attributable to ordinary stockholders and the weighted-average number of shares of ordinary stock outstanding for the potentially dilutive instruments.

The net loss per ordinary share was the same for the Class A and Class B Ordinary Stock because they are entitled to the same liquidation and dividend rights and are therefore, combined on the unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss for the three and six months ended June 30, 2021 and 2020.

Because the Company reported net losses for all periods presented, all potentially dilutive ordinary stock equivalents were determined to be antidilutive for those periods and have been excluded from the calculation of net loss per share.

The following table presents the number of anti-dilutive shares excluded from the calculation of diluted net loss per share as of the following dates:

	June 30, 2021		June 30, 2020
Stock-based compensation awards – employees		220,277,537		148,997,109
Stock-based compensation awards – non-employees		65,717,233		37,607,667
Warrants		10,198,958		—
Redeemable Preference Stock		470,588,235		470,588,235
Class A-1 Convertible Preferred Stock		57,513,413		—
Class A-2 Convertible Preferred Stock		19,546,600		—
Class B Convertible Preferred Stock		452,941,177		452,941,177
Convertible related party notes payable and convertible notes payable		168,913,222		—
Total		1,465,696,375		1,110,134,188

Subsequent Events

6 Months Ended

11 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Subsequent Events [Line Items]

Subsequent Events

NOTE 10. SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the condensed financial statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the condensed financial statements, aside from those already disclosed in the notes. See Note 1 for discussion of the closing of the Business Combination and related transactions.

NOTE 12. SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, other than as described below or in these financial statements, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.

Merger agreement

On January 27, 2021, the Company entered into an Agreement and Plan of Merger (“Merger Agreement”) by and among the Company, Merger Sub and FF. FF is a global mobility technology company that designs and engineers next-generation smart electric connected vehicles.

Pursuant to the Merger Agreement, Merger Sub will merge with and into FF, with FF surviving the merger (the “Merger” and, together with the other transactions contemplated by the Merger Agreement, the “Transactions”). As a result of the Transactions, FF will become a wholly-owned subsidiary of the Company, with the stockholders of FF becoming stockholders of the Company, which will be renamed “Faraday Future Intelligent Electric, Inc.” (“New FF”).

Under the Merger Agreement, the outstanding FF shares and the outstanding FF converting debt will be converted into a number of shares of new Class A common stock of the Company following the Transactions and, for FF Top Holding Ltd. (“FF Top”), shares of new Class B common stock of the Company (“New FF common stock”) following the Transactions based on an exchange ratio (the “Exchange Ratio”), the numerator of which is equal to (i)(A) the number of shares of the Company common stock equal to $2,716,000,000 (plus net cash of FF, less debt of FF, plus debt of FF that will be converted into shares of the Company common stock, plus any additional bridge loan in an amount not to exceed $100,000,000), (B) divided by $10, minus (ii) an additional 25,000,000 shares which may be issuable to FF stockholders as additional consideration upon certain price thresholds, and the denominator of which is equal to the number of outstanding shares of FF, including shares issuable upon exercise of vested FF options and vested FF warrants (in each case assuming cashless exercise) and upon conversion of outstanding convertible notes.

Additionally, each FF option or FF warrant that is outstanding immediately prior to the closing of the Merger (and by its terms will not terminate upon the closing of the Merger) will remain outstanding and convert into the right to purchase a number of shares of the Company Class A common stock equal to the number of FF ordinary shares subject to such option or warrant multiplied by the Exchange Ratio at an exercise price per share equal to the current exercise price per share for such option or warrant divided by the Exchange Ratio.

The Merger Agreement contains customary representations, warranties and covenants by the parties thereto and the closing is subject to certain conditions as further described in the Merger Agreement.

In connection with the execution of the Merger Agreement, the Company entered into separate Subscription Agreements with certain accredited investors or qualified institutional buyers (collectively, the “Subscription Investors”) concurrently with the execution of the Merger Agreement on January 27, 2021. Pursuant to the Subscription Agreements, the Subscription Investors agreed to subscribe for and purchase, and the Company agreed to issue and sell, to the Subscription Investors an aggregate of 77,500,000 shares of common stock of the Company for a purchase price of $10.00 per share, or an aggregate of approximately $775 million, in a private placement. 17,500,000 of such shares ($175 million in net proceeds) will be issued to an anchor investor and the issuance of such shares is subject to certain regulatory approvals. The Subscription Agreements further require the Company to have an effective shelf registration statement registering the resale of the shares of the Company’s common stock held by the Subscription Investors within 60 calendar days (or 90 calendar days if the SEC notifies the Company that it will review the registration statement) following the closing of the Transactions.

Subscription agreement

Also on January 27, 2021, the Company entered into additional Subscription Agreements with Subscription Investors in the amount of 2,000,000 shares of common stock of the Company for a purchase price of $10.00 per share, or an aggregate of approximately $20 million, which increases the total amount of the private placement pursuant to the Subscription Agreements to 79,500,000 shares of common stock of PSAC for a purchase price of $10.00 per share, or an aggregate of approximately $795 million.

Related Party Loans

On February 28, 2021, the Company entered into a convertible promissory note with the Sponsor pursuant to which the Sponsor agreed to loan the Company up to an aggregate principal amount of $500,000 (the “Note”). The Note is non-interest bearing and due on the date on which the Company consummates a Business Combination. If the Company does not consummate a Business Combination, the Company may use a portion of any funds held outside the Trust Account to repay the Note; however, no proceeds from the Trust Account may be used for such repayment. Up to $500,000 of the Note may be converted into units at a price of $10.00 per unit at the option of the Sponsor. The units would be identical to the Private Units. As of the date of these financial statements, there is a $500,000 balance outstanding under the Note.

FF Intelligent Mobility Global Holdings Ltd [Member]

Subsequent Events [Line Items]

Subsequent Events

15.

Subsequent Events

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the unaudited Condensed Consolidated Financial Statements were available to be issued on August 16, 2021. Other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the unaudited Condensed Consolidated Financial Statements.

Conversion of Related Party Notes Payable and Notes Payable

On July 21, 2021 the Company converted: (i) related party notes payable with an aggregate principal balance of $130,479 and accrued interest of $29,958, notes payable with principal balance of $56,000 and accrued interest of $17,177 into 119,191,029 shares of Class A-2 Preferred Stock; (ii) notes payable with an aggregate principal balance of $17,600 and accrued interest of $5,399 into 15,792,771 shares of Class A-1 Preferred Stock; and (iii) notes payable with a principal balance of $1,500 and accrued interest of $699 into 1,281,976 shares of Class A-3 Preferred Stock.

Closing of the Merger and Related Transactions

On July 21, 2021 (the “Closing Date”), the Company consummated the previously announced Business Combination pursuant to the Merger Agreement, by and among PSAC, Merger Sub and the Company. Pursuant to the terms of the Merger Agreement, Merger Sub merged with and into the Company, with the Company surviving the merger as a wholly-owned subsidiary of PSAC. Upon the consummation of the Business Combination (the “Closing”), PSAC changed its name from Property Solutions Acquisition Corp. to Faraday Future Intelligent Electric Inc. (“FFIE”). Upon closing the Business Combination, the Company raised $229,653 in proceeds from PSAC, net of redemptions of $206.

Concurrently with the Merger Agreement, PSAC entered into Subscription Agreements on January 27, 2021 (collectively and as amended, the “Subscription Agreements”) with certain accredited investors or qualified institutional buyers (collectively, the “Subscription Investors”). Pursuant to the Subscription Agreements, the Subscription Investors agreed to subscribe for and purchase, and PSAC agreed to issue and sell to such Subscription Investors, an aggregate of 76,140,000 shares of FFIE Class A Common Stock for a purchase price of $10 per share, or an aggregate of $761,400 in gross cash proceeds (the “Private Placement”). Pursuant to the Subscription Agreements, PSAC gave certain registration rights to the Subscription Investors with respect to the shares issued and sold in the Private Placement. The closing of the Private Placement occurred immediately prior to the Closing Date.

As part of the Closing, total direct and incremental transaction costs aggregated $93,280, of which $24,610 was expensed as part of the Business Combination and the remaining $68,670 was recorded to Additional Paid In Capital as equity issuance costs.

In conjunction with the Closing and through the date that the unaudited Condensed Consolidated Financial Statements were available to be issued, the Company paid $144,924 in cash and issued 25,869,594 shares of FFIE Class A Common Stock to settle liabilities of the Company, including: (i) notes payable principal amounts of $116,518 and accrued interest of $12,431; (ii) related party notes payable principal amounts of $60,104 and accrued interest of $8,584; (iii) interest in the Vendor Trust of $130,671, including payables of $110,035 and purchase orders in the amount of $8,380 related to goods and services yet to be received, and accrued interest thereon of $14,506; (iv) $19,791 of amounts due to vendors; and (v) $23,638 due to active and former employees. The Company concluded that the settlement of the related party notes payable and notes payables with shares of FFIE Class A Common Stock is substantive and therefore was accounted as an extinguishment. Accordingly, the Company will record a loss upon extinguishment of the notes payable and related party notes payable of $90,531 in the Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2021.

Pursuant to the terms of the Merger Agreement, all of the issued and outstanding Class B Convertible Preferred Stock, held by FF Top Holding LLC (f/k/a FF Top Holding Ltd.) (“FF Top”)), converted into 64,000,588 shares of FFIE Class B Common Stock following the Business Combination. All other outstanding shares of the Company converted into 128,084,555 shares of FFIE Class A Ordinary Stock following the Business Combination. Additionally, each of the Company’s options and warrants that were outstanding immediately prior to the closing of the Business Combination remained outstanding and converted into the right to purchase FFIE Class A Common Stock equal to the number of the Company’s Ordinary Stock, subject to such options or warrants, multiplied by the Exchange Ratio at an exercise price per share equal to the current exercise price per share for such option or warrant divided by the Exchange Ratio, with the aggregate amount of shares of Class A Common Stock issuable upon exercise of such options and warrants to be 44,880,595.

Holders of 20,600 shares of PSAC common stock exercised their right to have such shares redeemed for a full pro rata portion of the trust account holding the proceeds from PSAC’s initial public offering, calculated as of two business days prior to the consummation of the Business Combination, which was approximately $10 per share, or $206. At Closing, each non-redeemed outstanding share of PSAC common stock was converted into one share of Class A Common Stock of FFIE.

At the Closing Date, the Company had 298,611,892 outstanding options under the EI Plan and the STI Plan in addition to 19,016,865 outstanding warrants, as adjusted upon the Closing in accordance with an anti-dilution provision included in the warrant agreement with the US-based investment firm (see Note 9. Notes Payable), which will remain outstanding and convert into the right to purchase 44,880,595 shares of FFIE Class A Common Stock, as derived by multiplying the number of FF Ordinary Shares subject to such option or warrant by the Exchange Ratio. The options and warrants shall be exercised at an exercise price per share equal to the current exercise price per share for such option or warrant divided by the Exchange Ratio.

Following the Business Combination PSAC’s warrants to purchase 23,652,119 shares of FFIE Class A Common Stock will remain outstanding, consisting of (i) 22,977,568 public warrants listed on the Nasdaq Stock Market and (ii) 674,551 private warrants, each with an exercise price of $11.50 per share.

While the legal acquirer in the Merger Agreement was PSAC, for financial accounting and reporting purposes under GAAP, FF is the accounting acquirer and the Business Combination was accounted for as a “reverse recapitalization.” A reverse recapitalization does not result in a new basis of accounting, and the financial statements of the combined entity represent the continuation of the financial statements of FF in many respects. Under this method of accounting, PSAC was treated as the “acquired” company. Accordingly, the consolidated assets, liabilities, and results of operations of FF became the historical financial statements of FFIE, and PSAC’s assets, liabilities, and results of operations was consolidated with FF’s on July 21, 2021. Operations prior to the Business Combination will be presented as those of FF in future reports. The net assets of PSAC were recognized at historical cost (which is expected to be consistent with carrying value), with no goodwill or other intangible assets recorded.

In addition, the Company’s existing shareholders, as of the Closing Date of the Business Combination until its fifth anniversary, would be entitled to contingent consideration of up to 25,000,000 additional shares of FFIE Class A Common Stock in the aggregate in two equal tranches upon the occurrence of each earnout triggering event (the “Earnout Shares”), as defined in the Merger Agreement:

●

The minimum earnout of 12,500,000 additional shares is triggered if the FFIE’s Class A Common Stock volume weighted average price (“VWAP”), as defined in the Merger Agreement, is greater than $13.50 per share for any period of twenty (20) trading days out of thirty (30) consecutive trading days (the “Minimum Target Shares”);

●

The maximum earnout of an additional 12,500,000 additional shares is triggered if the FFIE Class A Common Stock VWAP is greater than $15.50 for any period of twenty (20) trading days out of thirty (30) consecutive trading days, plus the Minimum Target Shares, if not previously issued.

The Earnout Shares will be recognized at fair value upon the closing of the Business Combination and classified in Stockholders’ Deficit. Because the Business Combination is accounted for as a reverse recapitalization, the issuance of the Earnout Shares will be treated as a deemed dividend and since the Company does not have retained earnings, the issuance will be recorded within APIC. The Company determined the fair value of the Earnout Shares at the Closing Date to be $293,853 based on a valuation using a Monte Carlo simulation with key inputs and assumptions such as stock price, term, dividend yield, risk-free rate, and volatility.

Issuance of Optional Notes

On August 10, 2021, in accordance with the June 9 amendment of the NPA, as described in Note 9. Notes Payable, the US-based investment firm exercised its option to purchase the Optional Notes with principal of $33,917. The Company received proceeds of $30,375, which is the total principal amount of $33,917 net of 8% original issue discount and $828 of transaction costs. The Optional Notes do not bear interest unless the Company fails to register shares issuable upon conversion of Optional Notes within 45 days of the Business Combination or causes the registration of those shares to not be declared effective within 90 days of the Business Combination, in which case, the Optional Notes will bear interest at 15% per annum. The Optional Notes are convertible at the option of the holder with a conversion price of $10 per share. The Optional Notes contain a liquidation premium that the then outstanding principal and accrued interest of the notes payable plus a 30% premium are convertible into shares of FFIE Class A Common Stock.

In conjunction with the issuance of the Optional Notes, the Company issued the US-based investment firm warrants to purchase up to 1,187,083 shares of FFIE Class A Common Stock with an exercise price per share equal to the lower of: (i) $10 per share, (ii) the pre-money valuation ascribed to the Company in connection with the Fundamental Transaction divided by the pro-forma fully diluted capitalization of the Company, and (iii) the lowest effective net price per share of the Company’s Class A Ordinary Stock paid for by any third party at the time of or in connection with the Fundamental Transaction, as defined in the warrant agreement. The warrants shall be exercisable within seven years.

Issuance of Options Under the EI Plan and STI Plan

In July 2021, the Company awarded 4,845,901 options under the EI Plan with a weighted average exercise price of $1.572 per share and 9,137,207 options under the STI Plan with a weighted average exercise price of $1.572 per share.

Events Subsequent to the Original Issuance of Condensed Consolidated Financial Statements

In connection with the reissuance of the Condensed Consolidated Financial Statements, the Company has evaluated subsequent events through October 4, 2021, the date the Condensed Consolidated Financial Statements were available to be reissued.

Issuance of Warrants and Additional Notes under the Amended Notes Purchase Agreement

Pursuant to its commitment to issue warrants to Ares following the closing of the Merger as described in Note 9 (1), Notes Payable, on August 5, 2021, the Company issued warrants to Ares, which are exercisable at the election of Ares at any time within 6 years of the issuance date into 670,092 shares of the Company’s Class A Common Stock.

On August 26, 2021, the Company drew an aggregated principal amount of $30,000 from Ares, pursuant to the terms of the amended NPA, receiving net proceeds of $29,913, net of debt issuance costs of $87.

The note payable is collateralized by a first lien on virtually all tangible and intangible assets of the Company and bears interest at 14% per annum. The note payable matures on the earliest of (i) March 1, 2022, (ii) the occurrence of a change in control, or (iii) the occurrence of an acceleration event, such as a default. Additionally, upon closing of the Merger, the minimum cash provision, which requires the Company to maintain minimum cash on hand at all times, increased from $5,000 to $25,000.

Purchase of License from Geely Holding

On September 7, 2021, the Company paid Geely Holding, who is also a subscriber in the PIPE Financing, in accordance with the Intellectual Property License Agreement dated January 11, 2021, as supplemented on September 7, 2021, an amount of $50,000 for a non-exclusive, perpetual, irrevocable and sub-licensable license to use a platform owned by Geely Holding in the production of the Company’s electric vehicle models.

16.

Subsequent Events

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the consolidated financial statements were available to be issued on April 5, 2021. Other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the consolidated financial statements.

Potential Partnership with Geely Holding

In December 2020, the Company entered into a non-binding memorandum of understanding with Zhejiang Geely Holding Group Co., Ltd. (“Geely Holding”), who is also a subscriber in the Private Placement, pursuant to which the parties contemplate a strategic cooperation in various areas including engineering, technology, supply chain, and contract manufacturing.

In January 2021, FF, the JV, a subsidiary of FF, and Geely Holding entered into a cooperation framework agreement and a license agreement that set forth the major commercial understanding of the proposed cooperation among the parties in the areas of potential investment into the JV, engineering, technology and contract manufacturing support. The foregoing framework agreement and the license agreement may be terminated if the parties fail to enter into the joint venture definitive agreement or to close the Merger Agreement (defined below) and related transactions.

First Amendment to the Second Amended and Restated Note Agreement

On January 13, 2021, the Company entered into the First Amendment to the Second Amended and Restated Note Agreement which permitted, among other things, (x) the issuance of First Out Notes to Birch Lake and the lender in an aggregate principal amount of $1,333 and (y) First Out Subordinated Promissory Notes (collectively, the “First Out Subordinated Note”) to Birch Lake and the lenders in an aggregate principal amount of up to $15,000. The additional First Out Notes issued to Birch Lake and the lenders are on the same terms as the original First Out Notes issued to Birch Lake and the lenders, respectively, except that the First Out Subordinated Notes are senior to the Last Out Notes but junior to the First Out Notes. The First Out Subordinated Notes accrue interest at the same rate of interest as the Senior Convertible Promissory Notes (with respect to First Out Subordinated Notes issued to the lender) and the BL Notes (with respect to First Out Subordinated Notes issued to Birch Lake).

Second Amendment to the Second Amended and Restated Note Agreement

On March 1, 2021, the Company entered into the Second Amendment to the Second A&R Note Agreement which permitted, among other things, the issuance of Priority Last Out Notes to Ares Capital Corporation, Ares Centre Street Partnership, L.P., Ares Credit Strategies Insurance Dedicated Fund Series Interests of the SALI Multi-Series Fund, L.P., and Ares Direct Finance I LP (collectively, the “Ares Entities”) in an aggregate principal amount of up to $85,000. The Priority Last Out Notes issued to the Ares Entities rank junior to the First Out Notes issued to Birch Lake and the Investment Noteholders, respectively, and senior in priority to the Last Out Notes. The Priority Last Out Notes accrue interest at 14% per annum, with no cash payments of interest until the maturity date. In connection with the issuance of the Priority Last Out Notes, the Ares Entities will be issued a six-year warrant to purchase 20bps of New FF’s Class A common stock for $10 per share in agreed form no later than August 11, 2021 or, if earlier, 15 days after consummation of the Business Combination.

Merger Agreement

On January 27, 2021, Property Solutions Acquisition Corp., a Delaware corporation (“PSAC”), entered into an Agreement and Plan of Merger (“Merger Agreement”) by and among PSAC, PSAC Merger Sub, Ltd., an exempted company with limited liability incorporated under the laws of the Cayman Islands and wholly-owned subsidiary of PSAC (“Merger Sub”), and the Company.

Pursuant to the Merger Agreement, Merger Sub will merge with and into the Company, with the Company surviving the merger (the “Merger” and, together with the other transactions contemplated by the Merger Agreement, the “Transactions”). As a result of the Transactions, the Company will become a wholly-owned subsidiary of PSAC, with the stockholders of the Company becoming stockholders of PSAC, which will be renamed Faraday Future Intelligent Electric, Inc. (“New FF”).

Under the Merger Agreement, the outstanding shares of the Company and the outstanding convertible debt will be converted into a number of shares of new Class A common stock of PSAC following the Transactions and, for FF Top Holding LLC (“FF Top”), shares of new Class B common stock of PSAC (referred to herein after the Transaction as “New FF common stock”) following the Transactions based on an exchange ratio (the “Exchange Ratio”), the numerator of which is equal to (i) (A) the number of shares of PSAC common stock equal to $2,716 (plus net cash of the Company, less debt of the Company, plus debt of the Company that will be converted into shares of PSAC common stock, plus any additional bridge loan in an amount not to exceed $100,000), (B) divided by ten dollars, minus (ii) an additional 25,000,000 shares which may be issuable to the Company stockholders as additional consideration upon certain price thresholds, and the denominator of which is equal to the number of outstanding shares of the Company, including shares issuable upon exercise of vested options and vested warrants at the Company (in each case assuming cashless exercise) and upon conversion of outstanding convertible notes.

Additionally, each option or warrant at the Company that is outstanding immediately prior to the closing of the Merger (and by its terms will not terminate upon the closing of the Merger) will remain outstanding and convert into the right to purchase a number of shares of PSAC Class A common stock equal to the number of ordinary stock of the Company subject to such option or warrant multiplied by the Exchange Ratio at an exercise price per share equal to the current exercise price per share for such option or warrant divided by the Exchange Ratio.

Concurrently with the execution of the Merger Agreement, the Company entered into separate subscription agreements with a number of investors (the “PIPE Investors”); pursuant to which the PIPE investors have agreed to purchase an aggregate of 79,500,000 shares of common stock, for a purchase price of ten dollars per share and at an aggregate purchase prices of $795,000, in a private placement (the “PIPE Financing”).

Note Purchase Agreement

On March 1, 2021, pursuant to the Note Purchase Agreement, the Company entered into a promissory note in favor of certain affiliates of Ares Capital Corporation for an aggregate principal of $55,000. Additionally, the Note Purchase Agreement contains a clause that the Company will issue warrants with an aggregate value of $3,993 to the lender at the earlier of 15 days after the completion of a Qualified SPAC Merger or on or before August 11, 2021. The maturity date for this promissory note is the earliest of (i) March 1, 2022, (ii) if the Qualified SPAC Merger contemplated in the Merger Agreement has not been consummated by July 27, 2021, October 6, 2021, (iii) the occurrence of a change in control, or (iv) the occurrence of an acceleration event, such as a default. The notes bear interest at 14% per annum.

On March 8, 2021, pursuant to the Note Purchase Agreement, the Company executed a promissory note in favor of Birch Lake for a total principal of $5,600. The promissory note matures on the earliest of (i) October 6, 2021, (ii) the consummation of a Qualified SPAC Merger, (iii) the occurrence of a change in control, or (iv) the occurrence of an acceleration event, such as a default. The note bears interest at 15.75% per annum. Additionally, the promissory note contains a liquidation premium that ranges from 42% to 52% depending on timing of settlement with 50% of this premium convertible into equity.

On March 12, 2021, pursuant to the Note Purchase Agreement, the Company executed a promissory note in favor of FF Ventures SPV XI LLC, a third-party investment firm, for an aggregate principal amount of $7,000, receiving net proceeds of $6,440, inclusive of an 8% original issue discount. The promissory note matures on the earliest of (i) October 6, 2021, (ii) the consummation of a Qualified SPAC Merger, (iii) the occurrence of a change in control, or (iv) the occurrence of an acceleration event, such as a default. The note bears interest at 0% per annum. In the event the Company consummates a Qualified SPAC Merger, then an amount equal to 130% of all outstanding principal, accrued and unpaid interest and accrued original issue discount under the notes through (but not including) the date of consummation of the Qualified SPAC Merger will automatically convert into ordinary stock of the SPAC received by Class A ordinary stockholders of the Company and the notes and interest thereon shall no longer be outstanding and shall be deemed satisfied in full and terminated.

Amendment to Trade Receivables Repayment Agreement and Vendor Trust

On March 1, 2021, the Company entered into Amendment No. 6 related to the Trade Receivables Repayment Agreement. See Note 10 Vendor Payables in Trust. The maturity date of the interests in the Vendor Trust was extended to the earliest of (i) October 6, 2021, (ii) the consummation of a Qualified SPAC Merger, (iii) the occurrence of a change of control, and (iv) the occurrence of an acceleration event under certain of the Company’s other secured financing arrangements. The Company will be in default under the Trade Receivables Repayment Agreement if a Qualified SPAC Merger agreement has not been consummated on or before July 27, 2021.

Amendment to Lease Agreement

On January 27, 2021, the Company extended one of its four capital leases, located in Hanford, California. This agreement extends the lease to January 31, 2028 and authorizes Industrial Realty Group, LLC (“IRG”) to perform certain financial and management advisory services for the Company including an option agreement to purchase shares in the Company. The option is granted to CH Capital Lending, LLC, an affiliate of IRG (“CH Capital”) for an aggregate amount of 2,827,695 Class A Ordinary Stock under the Special Talent Incentive Plan. See Note 13 Stock-Based Compensation. Should the option be exercised, the accrued outstanding rent payments as of December 31, 2020 of $995 shall be deemed paid. In the event that the value of the option is less than the amount of accrued outstanding rent payments owed, the Company will pay IRG the difference in a single cash payment. The base rent will remain at $130 per month subject to a 2% annual increase.

Summary of Significant Accounting Policies

6 Months Ended

11 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Summary of Significant Accounting Policies [Line Items]

Summary of Significant Accounting Policies

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X promulgated under the Securities Act. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.

The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K/A, as filed with the SEC on May 26, 2021. The interim results for the three and six months ended June 30, 2021 are not necessarily indicative of the results to be expected for the year ending December 31, 2021 or for any future periods.

Emerging Growth Company

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

Use of Estimates

The preparation of condensed financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.

Cash and Cash Equivalents

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of June 30, 2021 and December 31, 2020.

Cash and Marketable Securities Held in Trust Account

At June 30, 2021 and December 31, 2020, substantially all of the assets held in the Trust Account were held in money market funds, which primarily invest in U.S. Treasury securities. The Company accounts for its securities held in the trust account in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 320 “Debt and Equity Securities.” These securities are classified as trading securities with unrealized gains or losses, if any, recognized through the statement of operations.

Common Stock Subject to Possible Redemption

The Company accounts for its common stock subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” Common stock subject to mandatory redemption is classified as a liability instrument and is measured at fair value. Conditionally redeemable common stock (including common stock that features redemption rights that is either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s common stock features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’ equity section of the Company’s condensed balance sheets.

Warrant Liability

The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 480, Distinguishing Liabilities from Equity (“ASC 480”) and ASC 815, Derivatives and Hedging (“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own ordinary shares, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding.

For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the time of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the statements of operations. The Company determined that the Private Placement Warrants should be treated as a derivative liability under ASC 815 due to certain settlement provisions that depend on the holder of the warrant. The fair value of the warrants was estimated using a binomial lattice simulation model (see Note 9).

Income Taxes

The Company follows the asset and liability method of accounting for income taxes under ASC 740, “Income Taxes” (“ASC 740”). Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of June 30, 2021 and December 31, 2020. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

On March 27, 2020, the CARES Act was enacted in response to COVID-19 pandemic. Under ASC 740, the effects of changes in tax rates and laws are recognized in the period which the new legislation is enacted. The CARES Act made various tax law changes including among other things (i) increasing the limitation under Section 163(j) of the Internal Revenue Code of 1986, as amended (the “IRC”) for 2019 and 2020 to permit additional expensing of interest (ii) enacting a technical correction so that qualified improvement property can be immediately expensed under IRC Section 168(k), (iii) making modifications to the federal net operating loss rules including permitting federal net operating losses incurred in 2018, 2019, and 2020 to be carried back to the five preceding taxable years in order to generate a refund of previously paid income taxes and (iv) enhancing the recoverability of alternative minimum tax credits. Given the Company’s full valuation allowance position and capitalization of all costs, the CARES Act did not have an impact on the financial statements.

Net Income (Loss) per Common Share

Net income (loss) per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period, excluding shares of common stock subject to forfeiture. The Company has not considered the effect of the warrants sold in the Initial Public Offering and private placement to purchase an aggregate of 23,572,119 shares in the calculation of diluted loss per share, since the exercise of the warrants are contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive.

The Company’s statement of operations includes a presentation of income (loss) per share for common shares subject to possible redemption in a manner similar to the two-class method of income (loss) per share. Net income (loss) per common share, basic and diluted, for Common stock subject to possible redemption is calculated by dividing the proportionate share of income or loss on marketable securities held by the Trust Account, net of applicable franchise and income taxes, by the weighted average number of Common stock subject to possible redemption outstanding since original issuance.

Net income (loss) per share, basic and diluted, for non-redeemable common stock is calculated by dividing the net income (loss), adjusted for income or loss on marketable securities attributable to Common stock subject to possible redemption, by the weighted average number of non-redeemable common stock outstanding for the period.

Non-redeemable common stock includes Founder Shares and non-redeemable shares of common stock as these shares do not have any redemption features. Non-redeemable common stock participates in the income or loss on marketable securities based on non-redeemable shares’ proportionate interest.

The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):

	Three Months Ended June 30,					Six Months Ended June 30,			For the period from February 11, 2020 (inception) through June 30,
	2021			2020		2021			2020
Common stock subject to possible redemption
Numerator: Earnings allocable to Common stock subject to possible redemption
Interest earned on marketable securities held in Trust Account
Less: interest available to be withdrawn for payment of taxes	$	7,694		$	—	$	36,466		$	—
Company’s portion available to pay taxes		(7,694	)		—		(36,466	)		—
Net income allocable to Common stock subject to possible redemption	$	—		$	—	$	—		$	—

Denominator: Weighted Average Common stock subject to possible redemption
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption		22,103,036			—		22,195,523			—
Basic and diluted net income per share, Common stock subject to possible redemption	$	(0.00	)	$	—	$	(0.00	)	$	—

Non-Redeemable Common Stock
Numerator: Net Loss minus Net Earnings
Net Loss	$	(5,726,988	)	$	—	$	(7,544,047	)	$	(1,000	)
Non-Redeemable Net Loss	$	(5,726,988	)	$	—	$	(7,544,047	)	$	(1,000	)

Denominator: Weighted Average Non-Redeemable Common Stock
Basic and diluted weighted average shares outstanding, Non-redeemable common stock		7,413,475			5,200,000		7,320,988			5,200,000
Basic and diluted net loss per share, Non-redeemable common stock	$	(0.77	)	$	—	$	(1.03	)	$	—

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on this account.

Fair Value of Financial Instruments

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the accompanying condensed balance sheet, primarily due to their short-term nature.

Recent Accounting Standards

Management does not believe that any recently issued, but not yet effective, accounting standards update, if currently adopted, would have a material effect on the Company’s condensed financial statements.

NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (RESTATED)

Basis of Presentation

The accompanying financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC.

Emerging Growth Company

Use of Estimates

The preparation financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

Cash and Cash Equivalents

Cash and Marketable Securities Held in Trust Account

At December 31, 2020, substantially all of the assets held in the Trust Account were held in money market funds, which primarily invest in U.S. Treasury securities. The Company accounts for its securities held in the trust account in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 320 “Debt and Equity Securities.” These securities are classified as trading securities with unrealized gains or losses, if any, recognized through the statement of operations. At December 31, 2020, substantially all of the assets held in the Trust Account were held in U.S. Treasury Bills.

Common Stock Subject to Possible Redemption

Warrant Liability

The Company accounts for the Private Warrants in accordance with the guidance contained in ASC 815-40-15-7D and 7F under which the Private Warrants do not meet the criteria for equity treatment and must be recorded as liabilities. Accordingly, the Company classifies the Private Warrants as liabilities at their fair value and adjusts the Private Warrants to fair value at each reporting period. This warrant liability is subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in our statement of operations. The Private Warrants for periods where no observable traded price was available are valued using a lattice model and Monte Carlo simulation.

Income Taxes

ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of December 31, 2020. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

Net Loss per Common Share

The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):

	For the Period from February 11, 2020 (Inception) Through December 31, 2020
Common stock subject to possible redemption
Numerator: Earnings allocable to Common stock subject to possible redemption
Interest earned on marketable securities held in Trust Account	$	97,270
Unrealized gain on marketable securities held in Trust Account		8,569
Less: interest available to be withdrawn for payment of taxes		(105,839	)
Less: interest available to be withdrawn for working capital		—
Net income allocable to Common stock subject to possible redemption	$	—
Denominator: Weighted Average Common stock subject to possible redemption
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption		21,779,604
Basic and diluted net income per share, Common stock subject to possible redemption	$	0.00

Non-Redeemable Common Stock
Numerator: Net Loss minus Net Earnings
Net loss	$	(2,585,377	)
Less: Net income allocable to Common stock subject to possible redemption		—
Non-Redeemable Net Loss	$	(2,585,377	)
Denominator: Weighted Average Non-redeemable common stock
Basic and diluted weighted average shares outstanding, Non-redeemable common stock		6,452,794
Basic and diluted net loss per share, Non-redeemable common stock	$	(0.40	)

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Deposit Insurance Corporation coverage of $250,000. The Company has not experienced losses on this account.

Fair Value of Financial Instruments

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the accompanying balance sheet, primarily due to their short-term nature.

Fair Value Measurements

Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

●

Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;

●

Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and

●

Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement.

Derivative Financial Instruments

The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, “Derivatives and Hedging”. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value on the grant date and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date.

Recent Accounting Standards

Management does not believe that any recently issued, but not yet effective, accounting standards update, if currently adopted, would have a material effect on the Company’s financial statements.

Risks and Uncertainties

Management continues to evaluate the impact of the COVID-19 pandemic and has concluded that while it is reasonably possible that the virus could have a negative effect on the Company’s financial position, results of its operations and/or search for a target company, the specific impact is not readily determinable as of the date of these financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

FF Intelligent Mobility Global Holdings Ltd [Member]

Summary of Significant Accounting Policies [Line Items]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

Principles of Consolidation and Basis of Presentation

The accompanying consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”). The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries, LeSEE Automotive (Beijing) Co. Ltd. (“LeSEE”), formerly a variable interest entity (“VIE”), and now a wholly-owned subsidiary and The9 joint venture for which the Company is the primary beneficiary.

In accordance with the provisions of Accounting Standards Codification (“ASC”) 810, Consolidation, the Company consolidates any VIE of which the Company is the primary beneficiary. The typical condition for a controlling financial interest ownership is holding a majority of the voting interests of an entity; however, a controlling financial interest may also exist in entities, such as VIEs, through arrangements that do not involve controlling voting interests. ASC 810 requires a variable interest holder to consolidate a VIE if that party has the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company does not consolidate a VIE in which it has a majority ownership interest when it is not considered the primary beneficiary. The Company evaluates its relationships with its VIEs on an ongoing basis to ensure that the Company continues to be the primary beneficiary.

All intercompany transactions and balances have been eliminated upon consolidation.

Variable Interest Entity and Joint Venture

In November 2017, as part of a broader corporate reorganization, and to facilitate third-party investment, the Company incorporated its top-level holding company, Smart King, Ltd., in the Cayman Islands to enable effective control over the Company’s Chinese operating entity, FF Hong Kong Holding Ltd., and its subsidiaries without direct equity ownership. The Company entered into a series of contractual arrangements (“VIE contractual arrangements”) with LeSEE and LeSEE Zhile Technology Co., Ltd. (“LeSEE Zhile”), a related party of the Company, to enable the Company to exercise effective control over LeSEE and its subsidiaries, to receive substantially all of the economic benefits of such entities, and to have an exclusive option to purchase all or part of the equity interests in LeSEE.

LeSEE, an entity for which the Company was the primary beneficiary, is in the early stages of developing and producing electric vehicles for the Chinese market. LeSEE consolidates an 80% owned subsidiary, LeSEE Automotive (Zhejiang) Co., Ltd. (“LeSEE Zhejiang”), resulting in a 20% noncontrolling interest. LeSEE Zhejiang held the land use rights in the city of Moganshan. See Note 6 Property and Equipment, Net.

On November 18, 2019, once the land use rights were cancelled and reverted to the government of Zhejiang, the Company purchased the 20% noncontrolling interest from the noncontrolling interest holder for $8,602 and the difference between the consideration paid and the related carrying value of the noncontrolling interest acquired of $3,049 was recorded in additional-paid-in-capital upon extinguishment of the noncontrolling interest. The carrying value of LeSEE’s assets and liabilities, after elimination of any intercompany transactions and balances, in the consolidated balance sheet as of December 31, 2019 are as follows:

	2019
Cash	$	843
Restricted cash		493
Deposits		118
Other current assets		2,001
Property and equipment, net		2,713
Other non-current assets		23
Accounts payable		3,996
Accrued expenses and other current liabilities		16,504
Accrued interest		1,554
Related party notes payable		8,601
Notes payable		7,758

On August 5, 2020, an equity transfer agreement (the “Equity Transfer Agreement”) was entered into between the Company and LeSEE Zhile, pursuant to which, LeSEE Zhile transferred 48% equity of LeSEE to the Company for no consideration. After the transfer, LeSEE Zhile owns 1% of LeSEE and the Company owns 99% of LeSEE, making LeSEE a majority-owned subsidiary of the Company and no longer a VIE since LeSEE is consolidated through majority voting and equity interests.

On March 24, 2019, the Company entered into a Joint Venture Agreement (“JVA”) with The9 Limited (“The9”). Pursuant to the JVA, the Company and The9 agreed to establish an equity joint venture in Hong Kong, which would in turn establish a wholly-owned subsidiary in China, intended to engage in the business of manufacturing, marketing, selling and distributing the planned Faraday Future Icon V9 model electric vehicle in China. The Company and The9 would each be 50% owners of the joint venture. The9 made a $5,000 non-refundable initial deposit (“The9 Conditional Obligation”) to the Company to participate in the joint venture. The9 has the right to convert the initial deposit into various classes of stock in the Company. For accounting purposes, the deposit is a financial instrument that embodies a conditional obligation that the issuer may settle by issuing a variable number of shares. The conditional obligation is measured at fair value and remeasured at each reporting period and represents a Level 3 financial instrument under the fair value hierarchy. See Note 4 Fair Value of Financial Instruments. The fair value of the conditional obligation was $1,128 and $5,000 as of December 31, 2020 and 2019, respectively, and was recorded in current liabilities on the consolidated balance sheets. Neither the Company nor The9 have made contributions to the joint venture as of December 31, 2020. The joint venture has yet to commence business activities, and on November 22, 2020, the parties entered into an agreement to convert the initial deposit into Class B Ordinary Stock in the Company. The initial deposit was converted on February 23, 2021.

In September 2020, the Company entered into a non-binding memorandum of understanding with a tier-1 city in China, affiliated entities of which are subscribers in the Private Placement, pursuant to which the Company established a joint venture company (the “JV”) in China. This joint venture is managed and controlled by the Company. The strategic partnership is subject to the condition that the Company will receive capital of no less than $500,000 through the closing of the Merger Agreement (defined below) and related transactions and agreement by the parties by binding definitive agreement. In December 2020, the JV was established as an entity wholly-owned by the Company, which will primarily engage in the activities contemplated in the memorandum of understanding. There has been no activity related to or contributions of assets into the JV by either party during the year ended December 31, 2020.

Foreign Currency

The Company determines the functional and reporting currency of each of its international subsidiaries based on the primary currency in which they operate. The functional currency of the Company’s foreign subsidiaries in China is their local currency, Chinese yuan. For foreign subsidiaries where the functional currency is their local currency, assets and liabilities are translated into U.S. dollars at exchange rates in effect at the balance sheet date, stockholders’ deficit is translated at the applicable historical exchange rate, and expenses are translated using the average exchange rates during the period. The effect of exchange rate changes resulting from the translation of the foreign subsidiary financial statements is accounted for as a component of accumulated other comprehensive loss on the consolidated balance sheets.

Use of Estimates

The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent liabilities, and the reported amounts of expenses during the reporting period. The Company bases these estimates on historical results and various other assumptions believed to be reasonable, all of which form the basis for making estimates concerning the carrying values of assets and liabilities that are not readily available from other sources.

On an ongoing basis, management evaluates its estimates, including those related to the: (i) realization of tax assets and estimates of tax liabilities; (ii) valuation of equity securities; (iii) recognition and disclosure of contingent liabilities, including litigation reserves; (iv) fair value of related party notes payable and notes payable and (v) estimated useful lives of long-lived assets. These estimates are based on historical data and experience, as well as various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Such estimates often require the selection of appropriate valuation methodologies and models and may involve significant judgment in evaluating ranges of assumptions and financial inputs. Actual results may differ from those estimates under different assumptions, financial inputs, or circumstances. Given the global economic climate and unpredictable nature and unknown duration of the COVID-19 pandemic, estimates are subject to additional volatility.

Revisions

In connection with the preparation of the Company’s 2020 year-end consolidated financial statements, errors primarily related to the extinguishment of a noncontrolling interest of $8,602, a misclassification related to the payables in the Vendor Trust of $10,737, and a misclassification of cash flows related to accounts payable and accrued expenses and other current liabilities of $8,877 within operating cash flows were identified. The errors resulted in an increase to the distribution to noncontrolling interest of $8,602 and extinguishment of noncontrolling interest of $3,049, resulting in a net impact to additional paid-in capital and an increase to vendor payables in trust and decrease to accounts payable of $10,737. The Company has concluded that such errors were not material to the previously issued financial statements. However, the consolidated balance sheet as of December 31, 2019 and the consolidated statements of operations and comprehensive loss, of convertible preferred stock and stockholders’ deficit, and of cash flows for the year ended December 31, 2019 have been revised from previously reported amounts to correct for these errors. These revisions resulted in the following changes to previously reported amounts as of and for the year ended December 31, 2019:

	As Previously Reported			Adjustments			As Revised
Consolidated Balance Sheet
Accounts payable	$	79,385		$	(10,737	)	$	68,648
Vendor payables in trust		105,163			10,737			115,900
Additional paid-in capital		153,151			5,553			158,704
Accumulated deficit		(2,235,452	)		(8,602	)		(2,244,054	)
Noncontrolling interest		(3,049	)		3,049			—
Total stockholders’ deficit		(2,085,585	)		(3,049	)		(2,088,634	)
Consolidated Statement of Convertible Preferred Stock and Stockholders’ Deficit
Additional paid-in capital	$	153,151		$	5,553		$	158,704
Accumulated deficit		(2,235,452	)		(8,602	)		(2,244,054	)
Noncontrolling interest		(3,049	)		3,049			—
Total stockholders’ deficit		(2,085,585	)		(3,049	)		(2,088,634	)
Consolidated Statement of Operations and Comprehensive Loss
Net (loss) income attributable to noncontrolling interest	$	(7,605	)	$	8,602		$	997
Net loss attributable to FF Intelligent Mobility Global Holdings Ltd.		(134,590	)		(8,602	)		(143,192	)
Per share information attributable to FF Intelligent Mobility Global Holdings Ltd. – Net loss per ordinary share basic and diluted		(3.31	)		(0.21	)		(3.52	)
Total other comprehensive (loss) income attributable to noncontrolling interest		(7,605	)		8,602			997
Total other comprehensive loss attributable to FF Intelligent Mobility Global Holdings Ltd.		(137,123	)		(8,602	)		(145,725	)
Consolidated Statement of Cash Flows
Transfer of payables to Vendor Trust	$	(105,163	)	$	(10,737	)	$	(115,900	)
Accounts payable		42,031			6,198			48,229
Accrued expenses and other current liabilities.		(24,881	)		(275	)		(25,156	)
Cash flows used in operating activities		(184,981	)		(4,814	)		(189,795	)
Payments for equipment		(4,935	)		2,679			(2,256	)
Cash flows provided by investing activities		24,227			2,679			26,906
Distribution to acquire noncontrolling interest		—			(8,602	)		(8,602	)
Transfer of payables to Vendor Trust		105,163			10,737			115,900
Cash flows provided by financing activities		160,482			2,135			162,617
Supplemental disclosure of noncash investing and financing activities
Extinguishment of noncontrolling interest		—			3,049			3,049

Cash and restricted cash

Cash consists of cash on deposit with financial institutions. Restricted cash consists of cash held in escrow related to rent and vendor payments.

Fair Value Measurements

The Company applies the provisions of ASC 820, Fair Value Measurement, which defines a single authoritative definition of fair value, sets out a framework for measuring fair value and expands on required disclosures about fair value measurements. The provisions of ASC 820 relate to financial assets and liabilities as well as other assets and liabilities carried at fair value on a recurring and nonrecurring basis. The standard clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, the standard establishes a three-tier value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

		Level 1		Valuations for assets and liabilities traded in active exchange markets, or interest in open-end mutual funds that allow a company to sell its ownership interest back at net asset value on a daily basis. Valuations are obtained from readily available pricing sources for market transactions involving identical assets, liabilities or funds.

		Level 2		Valuations for assets and liabilities traded in less active dealer, or broker markets, such as quoted prices for similar assets or liabilities or quoted prices in markets that are not active. Level 2 instruments typically include U.S. government and agency debt securities, and corporate obligations. Valuations are usually obtained through market data of the investment itself as well as market transactions involving comparable assets, liabilities or funds.

		Level 3		Valuations for assets and liabilities that are derived from other valuation methodologies, such as option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer, or broker-traded transactions. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities.

ASC 825-10, Financial Instruments, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (“fair value option”). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company has elected to apply the fair value option to certain related party notes payable and notes payable with conversion features as discussed in Note 4 Fair Value of Financial Instruments.

Concentration of Credit Risk

Financial instruments, which subject the Company to concentrations of credit risk, consist primarily of cash, restricted cash, notes receivable and deposits. Substantially all of the Company’s cash and restricted cash is held at financial institutions located in the United States of America and in the People’s Republic of China. The Company maintains its cash and restricted cash with major financial institutions. At times, cash and restricted cash account balances with any one financial institution may exceed Federal Deposit Insurance Corporation (“FDIC”) insurance limits ($250 per depositor per institution) and China Deposit Insurance Regulations limits (RMB 500 per depositor per institution). Management believes the financial institutions that hold the Company’s cash and restricted cash are financially sound and, accordingly, minimal credit risk exists with respect to cash and restricted cash. Cash and restricted cash held by the Company’s non-U.S. subsidiaries and LeSEE is subject to foreign currency fluctuations against the U.S. dollar. If, however, the U.S. dollar is devalued significantly against the Chinese yuan, the Company’s cost to develop its business in China could exceed original estimates.

The Company has notes receivable of $40 and $3,640 and deposits of $6,412 and $5,164 as of December 31, 2020 and 2019, respectively.

Property and Equipment, Net

Property and equipment are stated at cost less accumulated depreciation and amortization. Expenditures for major renewals and betterments are capitalized, while minor replacements, maintenance and repairs, which do not extend the asset lives, are charged to operations as incurred. Upon sale or disposition, the cost and related accumulated depreciation or amortization is removed from the accounts, and any gain or loss is included in the consolidated statements of operations and comprehensive loss.

Depreciation and amortization on property and equipment is calculated using the straight-line method over the estimated useful lives of the assets as follows:

			Useful Life (in years)
Buildings			39
Building improvements			15
Computer hardware			5
Machinery and equipment			5
Vehicles			5
Computer software			3
Leasehold improvements			Shorter of 15 years or term of the lease

Construction in progress (“CIP”) consists of the construction of manufacturing facilities and tooling and equipment built to serve the manufacturing of pre-production and production vehicles. These assets are capitalized and depreciated once put in service. The amounts capitalized in CIP that are held at vendor sites relate to the completed portion of work-in-progress relating to the manufacturing of the tooling and equipment which generally represent longer term construction projects tailored specifically to the Company’s needs. The Company may incur storage fees or interest fees related to CIP which are expensed as incurred. Construction in progress is presented within property and equipment on the consolidated balance sheets.

Impairment of Long-Lived Assets

The Company reviews its long-lived assets, consisting primarily of property and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. The Company performs impairment testing at the asset group level that represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. Recoverability of these assets is determined by comparing the forecasted undiscounted cash flows attributable to such assets including any cash flows upon their eventual disposition to their carrying value. If the carrying value of the assets exceeds the forecasted undiscounted cash flows, then the assets are written down to their fair value. Assets classified as held for sale are also assessed for impairment and such amounts are determined at the lower of the carrying amount or fair value, less costs to sell the asset. No impairment charges were recorded during the years ended December 31, 2020 and 2019.

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss encompasses all changes in equity other than those arising from transactions with stockholders. Elements of the Company’s accumulated other comprehensive loss are reported in the accompanying consolidated statements of convertible preferred stock and stockholders’ deficit and consists of equity-related foreign currency translation adjustments, which are presented in the accompanying consolidated statements of operations and comprehensive loss.

Research and Development

Research and development (“R&D”) costs are expensed as incurred and are primarily comprised of personnel-related costs (including salaries, bonuses, benefits, and stock-based compensation) for employees focused on R&D activities, other related costs, and depreciation. The Company’s R&D efforts are focused on design and development of the Company’s electric vehicles and continuing to prepare the Company’s prototype electric vehicle to achieve industry standards. Advanced payments for future R&D activities have been classified as deposits on the consolidated balance sheets.

Sales and Marketing

Sales and marketing expenses consist primarily of personnel-related costs (including salaries, bonuses, benefits, and stock-based compensation) for employees focused on sales and marketing, and direct costs associated with sales and marketing activities. Marketing activities include expenses to introduce the brand and the electric vehicle prototype to the market. The Company expenses its advertising costs as incurred. Advertising costs were immaterial for the years ended December 31, 2020 and 2019.

Stock-Based Compensation

The Company’s stock-based compensation awards consist of options granted to employees, directors and non-employees for the purchase of ordinary stock, restricted stock, unrestricted stock and restricted stock units. The Company recognizes stock-based compensation expense in accordance with the provisions of ASC 718, Compensation — Stock Compensation (“ASC 718”). ASC 718 requires the measurement and recognition of compensation expense for all stock-based compensation awards based on the grant date fair values of the awards.

The Company estimates the fair value of stock options using the Black-Scholes option-pricing model. The value of the award is recognized as expense over the requisite service period on a straight-line basis.

Determining the grant date fair value of the awards using the Black-Scholes option-pricing model requires management to make assumptions and judgments, including, but not limited to the following:

Expected term — The estimate of the expected term of awards was determined in accordance with the simplified method, which estimates the term based on an averaging of the vesting period and contractual term of the option grant for employee awards and the contractual term of the stock option award agreement for non-employees.

Expected volatility — Since the Company is a private entity without sufficient historical data on the volatility of its ordinary stock, the expected volatility is based on the volatility of similar entities (referred to as “guideline companies”) for a period consistent with the expected term of the award. In evaluating similarity, the Company considered factors such as industry, stage of life cycle, and size.

Risk-free interest rate — The risk-free interest rate used to value awards is based on the United States Treasury yield in effect at the time of grant for a period consistent with the expected term of the award.

Dividend yield — The Company has never declared or paid any cash dividends and does not presently plan to pay cash dividends in the foreseeable future.

Forfeiture rate — The Company estimates a forfeiture rate to calculate its stock-based compensation expense for its stock-based awards. The forfeiture rate is based on an analysis of actual forfeitures. The Company will continue to evaluate the appropriateness of the forfeiture rate based on actual forfeiture experience, analysis of employee turnover, and other factors. Changes in the estimated forfeiture rate can have a significant impact on the Company’s stock-based compensation expense as the cumulative effect of adjusting the rate is recognized in the period the estimated forfeiture rate is changed.

Fair value of ordinary stock — Because there is no public market for the Company’s ordinary stock, the Company’s Board of Directors has determined the fair value of the Company’s ordinary stock at the time of the grant of stock options by considering a number of objective and subjective factors. The fair value of the underlying ordinary stock will be determined by the Company’s Board of Directors until such time as the Company’s ordinary stock commences trading on an established stock exchange or national market system. The fair value has been determined in accordance with applicable elements of the practice aid issued by the American Institute of Certified Public Accountants titled Valuation of Privately Held Company Equity Securities Issued as Compensation. The Company’s Board of Directors grant stock options with exercise prices equal to the fair value of the Company’s ordinary stock on the date of grant.

Income Taxes

The Company accounts for its income taxes using the asset and liability method whereby deferred tax assets and liabilities are determined based on temporary differences between the basis used for financial reporting and income tax reporting purposes. Deferred income taxes are provided based on the enacted tax rates in effect at the time such temporary differences are expected to reverse. A valuation allowance is provided for deferred tax assets if it is more likely than not that the Company will not realize those tax assets through future operations. The carrying value of deferred tax assets reflects an amount that is more likely than not to be realized.

The Company utilizes the guidance in ASC 740-10, Income Taxes, to account for uncertain tax positions. ASC 740-10 contains a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the positions will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount which is more likely than not of being realized and effectively settled. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments and may not accurately forecast actual outcomes.

The Company recognizes interest and penalties on unrecognized tax benefits as a component of income tax expense. There were no interest or penalties for the years ended December 31, 2020 and 2019.

Net Loss Per Share Attributable to Ordinary Stockholders

The Company has two classes of participating securities (Redeemable Preference Stock and Class B Preferred Stock) issued and outstanding as of December 31, 2020 and 2019. Losses are not attributed to the participating security as the Redeemable Preference Stock and Class B Convertible Preferred stockholders are not contractually obligated to share in the Company’s losses. The Redeemable Preference Stock participation rights are contingent in the event the Redeemable Preference Stock consents to a dividend distribution, which no consent has been provided through December 31, 2020. The Class B Preferred Stock participation rights are contingent on the redemption of the Redeemable Preference Stock, which has not been satisfied as of December 31, 2020.

Basic net loss attributable to ordinary stockholders per share is calculated by dividing net loss attributable to ordinary stockholders by the weighted-average number of ordinary shares outstanding.

The net loss per ordinary stock was the same for the Class A and Class B ordinary shares because they are entitled to the same liquidation and dividend rights and are therefore combined on the consolidated statements of operations and comprehensive loss.

Because the Company reported net losses for all periods presented, all potentially dilutive ordinary stock equivalents are antidilutive for those periods and have been excluded from the calculation of net loss per share.

The following table presents the number of anti-dilutive shares excluded from the calculation of diluted net loss per share as of December 31:

	2020		2019
Stock-based compensation awards – employees		215,769,994		151,330,989
Stock-based compensation awards – non-employees		45,932,116		7,485,000
Class A Ordinary Stock – warrant		1,930,147		—
Redeemable Preference Stock		470,588,235		470,588,235
Class B Convertible Preferred Stock		452,941,177		600,000,000
Total		1,187,161,669		1,229,404,224

During 2020, the Company identified an immaterial error in the anti-dilutive shares excluded from the calculation of diluted net loss per share as of December 31, 2019 and adjusted the prior year amounts for such error. This correction did not impact the current and previously reported consolidated balance sheet, consolidated statement of operations and comprehensive loss, statement of convertible preferred stock and stockholders’ deficit, and consolidated statement of cash flows.

Segments

Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s CODM is its Chief Executive Officer. The Company has determined that it operates in one operating segment and one reportable segment, as the CODM reviews financial information presented on a consolidated basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. Substantially all of the Company’s consolidated operating activities, including its long-lived assets, are located within the United States of America. Given the Company’s pre-revenue operating stage, it currently has no concentration exposure to products, services or customers.

Recently Adopted Accounting Pronouncements

In July 2017, the FASB issued ASU No. 2017-11, Earning Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), Derivatives and Hedging (Topic 815): (I) Accounting for Certain Financial Instrument with Down Round Features, (II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception (“ASU 2017-11”). The amendments in Part I change the classification analysis of certain equity-linked financial instruments (or embedded features) with down round features. When determining whether certain financial instruments should be classified as liabilities or equity instruments, a down round feature no longer precludes equity classification when assessing whether the instrument is indexed to an entity’s own stock. The amendments also clarify existing disclosure requirements for equity-classified instruments. The amendments in Part II recharacterize the indefinite deferral of certain Topic 480, Distinguishing Liabilities from Equity, provisions that now are presented as pending content in the Codification to a scope exception. Those amendments do not have an accounting effect. The amendments in Part I are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company adopted ASU 2017-11 on January 1, 2020. The Company has evaluated the effect that ASU 2017-11 had on the Company’s consolidated financial statements and has determined that the adoption did not have a material impact.

In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820) (“ASU 2018-13”), which modifies, removes and adds certain disclosure requirements on fair value measurements based on the FASB Concepts Statement, Conceptual Framework for Financial Reporting — Chapter 8: Notes to Financial Statements. The ASU is effective for all entities for fiscal years beginning after December 15, 2019. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and the narrative description of measurement uncertainty should be applied prospectively for only the most recent annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The Company adopted ASU 2018-13 on January 1, 2020. The standard did not have a material impact on the Company’s disclosures.

Recently Issued Accounting Pronouncements Not Yet Adopted

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”), which outlines a comprehensive lease accounting model that supersedes the current lease guidance. The new guidance requires lessees to recognize lease liabilities and corresponding right-of-use assets for all leases with lease terms of greater than 12 months. It also changes the definition of a lease and expands the disclosure requirements of lease arrangements. In July 2018, the FASB issued ASU 2018-11, which provides the option of an additional transition method that allows entities to initially apply the new lease guidance at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. In June 2020, the FASB issued ASU No 2020-05 that delayed the effective date of Topic 842 to fiscal years beginning after December 15, 2021 for private companies. The Company is expected to be an emerging growth company and will delay adopting Topic 842 until such time the standard applies to private companies. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements.

In August 2018, the FASB issued ASU 2018-15, Intangibles — Goodwill and Other — Internal-Use Software (Subtopic 350-40) (“ASU 2018-15”), which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The amendments in this update are effective for fiscal periods beginning after December 15, 2020. Early adoption is permitted. The Company evaluated the effect ASU 2018-15 would have on the Company’s consolidated financial statements and determined that the adoption will not have a material impact.

In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”). This amendment was issued to simplify the accounting for income taxes by removing certain exceptions for recognizing deferred taxes, performing intraperiod allocation, and calculating income taxes in interim periods. Further, ASU 2019-12 adds guidance to reduce complexity in certain areas, including recognizing deferred taxes for tax basis goodwill and allocating taxes to members of a consolidated group. ASU 2019-12 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2020. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements.

In August 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”). The ASU simplifies the accounting for convertible instruments by removing certain separation models in ASC 470- 20, Debt — Debt with Conversion and Other Options, for convertible instruments. The ASU updates the guidance on certain embedded conversion features that are not required to be accounted for as derivatives under Topic 815, Derivatives and Hedging, or that do not result in substantial premiums accounted for as paid-in capital, such that those features are no longer required to be separated from the host contract. The convertible debt instruments will be accounted for as a single liability measured at amortized cost. Further, the ASU made amendments to the earnings per share guidance in Topic 260 for convertible instruments, the most significant impact of which is requiring the use of the if-converted method for diluted EPS calculation, and no longer allowing the net share settlement method. The ASU also made revisions to Topic 815-40, which provides guidance on how an entity must determine whether a contract qualifies for a scope exception from derivative accounting. The amendments to Topic 815-40 change the scope of contracts that are recognized as assets or liabilities. ASU 2020-06 is effective for interim and annual periods beginning after December 15, 2023, with early adoption permitted. Adoption of the ASU can either be on a modified retrospective or full retrospective basis. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements.

Deposits and Other Current Assets

12 Months Ended

Dec. 31, 2020

FF Intelligent Mobility Global Holdings Ltd [Member]

Deposits and Other Current Assets [Line Items]

Deposits and Other Current Assets

Deposits and Other Current Assets

Deposits and other current assets consists of the following as of December 31:

	2020		2019
Deposits
Deposits for tooling and equipment	$	3,308	$	3,385
Other deposits		3,104		1,779
Total deposits	$	6,412	$	5,164

Other current assets
Notes receivable	$	40	$	3,640
Due from affiliate		2,034		2,715
Prepaid expenses		762		961
Other current assets		3,364		3,199
Total other current assets	$	6,200	$	10,515

Income Taxes

11 Months Ended

12 Months Ended

Dec. 31, 2020

Income Taxes [Line Items]

Income Taxes

NOTE 10. INCOME TAX (RESTATED)

The Company’s net deferred tax assets are as follows:

	December 31, 2020
Deferred tax assets (liabilities)
Net operating loss carryforward	$	129,221
Startup and organizational expenses		436,047
Unrealized gain on marketable securities		(22,848	)
Total deferred tax assets		542,420
Valuation Allowance		(542,420	)
Deferred tax assets, net valuation allowance	$	—

The income tax provision consists of the following:

	For the period from February 11, 2020 (inception) through December 31, 2020
Federal
Current	$	—
Deferred		(542,420	)

State and Local
Current		—
Deferred		—

Change in valuation allowance		542,420
Income tax provision	$	—

As of December 31, 2020, the Company had $139,342 of U.S. federal net operating loss carryovers available to offset future taxable income.

In assessing the realization of the deferred tax assets, management considers whether it is more likely than not that some portion of all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences representing net future deductible amounts become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. After consideration of all of the information available, management believes that significant uncertainty exists with respect to future realization of the deferred tax assets and has therefore established a full valuation allowance. For the period from February 11, 2020 (inception) through December 31, 2020, the change in the valuation allowance was $442,461.

A reconciliation of the federal income tax rate to the Company’s effective tax rate is as follows:

	December 31, 2020
Statutory federal income tax rate		21.0	%
Valuation allowance		(21.0	)%
Income tax provision		0.0	%

The Company files income tax returns in the U.S. federal jurisdiction and is subject to examination by the various taxing authorities. The Company’s tax returns since inception remain open to examination by the taxing authorities. The Company considers New York to be a significant state tax jurisdiction.

FF Intelligent Mobility Global Holdings Ltd [Member]

Income Taxes [Line Items]

Income Taxes

14.

Income Taxes

As a result of losses incurred, the Company had immaterial current income tax expense for the years ended December 31, 2020 and 2019. The recorded provision for income taxes differs from the expected provision for income taxes based on the federal statutory tax rate of 21% primarily due to the valuation allowance against deferred tax assets.

The provision for income tax consisted of the following:

	2020			2019
Current:
Federal	$	—		$	—
State		3			3
Foreign		—			—
Total current		3			3

Deferred:
Federal		(11,456	)		(19,855	)
State		—			—
Foreign		(2,044	)		(1,418	)
Valuation allowance		13,500			21,273
Total deferred		—			—
Total provision	$	3		$	3

The components of losses before income taxes, by taxing jurisdiction, were as follows for the years ended December 31:

	2020			2019
U.S.	$	(79,605	)	$	(112,197	)
Foreign		(67,480	)		(29,998	)
Total	$	(147,085	)	$	(142,195	)

The provision for income taxes for the years ended December 31, differs from the amount computed by applying the statutory federal corporate income tax rate of 21% to earnings before income taxes as a result of the following:

	2020			2019
Federal income tax expense		21.0	%		21.0	%
State income taxes (net of federal benefit)		0.0	%		0.0	%
Permanent differences		(4.6	)%		(2.8	)%
Foreign tax rate difference		(6.7	)%		(2.1	)%
Return-to-provision adjustment		0.4	%		(1.1	)%
Expiration of tax attributes		(1.0	)%		—
Valuation allowance		(9.1	)%		(15.0	)%
Effective tax rate		0.0	%		0.0	%

The main changes in permanent differences related to fair value adjustments on convertible related party notes payable and notes payable and disallowed interest expense due to equity feature. The main changes in foreign tax rate difference and valuation allowance related to higher foreign loss incurred in 2020.

The tax effects of temporary differences for the years ended December 31, that give rise to significant portions of the deferred tax assets and deferred tax liabilities are provided below:

	2020			2019
Deferred Tax Assets:
Net operating losses (“NOL”)	$	123,633		$	114,990
Research and development credits		7,921			7,921
Accrued liabilities		7,564			5,164
Construction in progress		3,061			3,061
Excess interest expense under section 163(j)		3,670			2,295
Capital loss		2,407			2,407
Stock-based compensation		428			—
Other		296			174
Gross deferred tax assets		148,980			136,012
Valuation allowance		(148,546	)		(135,046	)
Deferred tax assets, net of valuation allowance		434			966
Deferred Tax Liabilities:
Depreciation		454			(79	)
State taxes		(888	)		(887	)
Total deferred tax liabilities		(434	)		(966	)
Total net deferred tax assets (liabilities)	$	—		$	—

During 2020, the Company identified an immaterial error in the deferred tax assets and valuation allowance as of December 31, 2019 and adjusted the prior year amounts for such error. This correction did not impact the current and previously reported consolidated balance sheet, consolidated statement of operations and comprehensive loss, statement of convertible preferred stock and stockholders’ deficit, and consolidated statement of cash flows.

The Company has recognized a full valuation allowance as of December 31, 2020 and 2019 since, in the judgment of management given the Company’s history of losses, the realization of these assets was not considered more likely than not. The valuation allowance was $148,546 and $135,046 as of December 31, 2020 and 2019, respectively. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the period in which those temporary differences become deductible. Management considers projected future taxable income and tax planning strategies in making this assessment. During 2020 and 2019, management evaluated the realizability of its net deferred tax assets based on available positive and negative evidence. Management concluded that the likelihood of realization of the benefits associated with its net deferred tax assets does not reach the level of more likely than not due to the Company’s history of cumulative pre-tax losses and risks associated with the generation of future income given the current stage of the Company’s business.

As of December 31, 2020, the Company has U.S. federal and foreign net operating loss carryforwards of $428,681 and $134,437, respectively, which will begin to expire in 2034 and 2021, respectively. The U.S. federal net operating loss carryforwards of $348,153 generated post the Tax Cuts and Jobs Act may be carried forward indefinitely, subject to the 80% taxable income limitation on the utilization of the carryforwards. The U.S. federal net operating loss carryforwards of $80,528 generated prior to December 31, 2017 may be carried forward for twenty years.

The Company has an U.S. federal R&D tax credit carryforward of $3,666 and a state R&D tax credit carryforward of $4,230 as of December 31, 2020. The U.S. federal R&D tax credits will begin to expire in 2035, and the state tax credits do not expire and can be carried forward indefinitely.

In accordance with Internal Revenue Code Section 382 (“Section 382”) and Section 383 (“Section 383”), a corporation that undergoes an “ownership change” (generally defined as a cumulative change (by value) of more than 50% in the equity ownership of certain stockholders over a rolling three-year period) is subject to limitations on its ability to utilize its pre-change NOLs and R&D tax credits to offset post-change taxable income and post-change tax liabilities, respectively. The Company’s existing NOLs and R&D credits may be subject to limitations arising from previous ownership changes, and the ability to utilize NOLs could be further limited by Section 382 and Section 383 of the Code. In addition, future changes in the Company’s stock ownership, some of which may be outside of the Company’s control, could result in an ownership change under Section 382 and Section 383 of the Code. The timing and amount of such limitations, if any, has not been determined.

The Company’s intention is to indefinitely reinvest earnings outside the United States. Upon distribution of those earnings in the form of a dividend or otherwise, the Company would be subject to withholding taxes payable to various foreign countries. As of December 31, 2020 and 2019, there was no material cumulative earnings outside the United States due to net operating losses and the Company has no earnings and profits in any jurisdiction, that if distributed, would give rise to a material unrecorded liability.

The Company is subject to taxation and files income tax returns with the U.S. federal government, California, Oregon and China. As of December 31, 2020, the 2017 and 2018 federal returns and 2016 through 2018 state returns are open to exam. The Company’s 2017 and 2018 federal returns are currently under audit by the Internal Revenue Service (“IRS”). The Company is not under any tax audits on its China tax returns. All of the prior year tax returns, from 2015 through 2020, are open under China tax law.

Uncertain Income Tax Position

The aggregate change in the balance of unrecognized tax benefits for the years ended December 31, is as follows:

	2020		2019
Beginning balance	$	2,598	$	—
Increase related to current year tax positions		68		2,598
Ending balance	$	2,666	$	2,598

In accordance with ASC 740-10, Income Taxes — Overall, the impact of an uncertain income tax position on the income tax return must be recognized at the largest amount that is more likely than not to be sustained upon audit by the relevant taxing authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. No interest and penalties related to the Company’s unrecognized tax benefits was accrued as of December 31, 2020 and 2019, as the uncertain tax benefit only reduced the net operating losses. The Company does not expect its uncertain income tax positions to have a material impact on its consolidated financial statements within the next twelve months. As of December 31, 2020 and 2019, the realization of uncertain tax positions were not expected to impact the effective rate due to a full valuation allowance on federal and state deferred taxes.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

401(k) Savings Plan

12 Months Ended

Dec. 31, 2020

FF Intelligent Mobility Global Holdings Ltd [Member]

401(k) Savings Plan [Line Items]

401(k) Savings Plan

15.

401(k) Savings Plan

The Company maintains a 401(k) savings plan for the benefit of its employees. Employees can defer up to approximately $19 of their compensation, if under 50 for the years ended December 31, 2020 and 2019. Employees 50 or over can defer up to approximately $25 and $26 of their compensation for the years ended December 31, 2020 and 2019, respectively. The Company currently does not make matching contributions to the 401(k) savings plan. All current employees are eligible to participate in the 401(k) savings plan.

Description of Organization and Business Operations

6 Months Ended

11 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Accounting Policies [Abstract]

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

Faraday Future Intelligent Electric Inc., formally known as Property Solutions Acquisition Corp. (the “Company”) was incorporated in Delaware on February 11, 2020. The Company was a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.

Business Combination

On July 21, 2021 (the “Closing Date”), Faraday Future Intelligent Electric Inc. (f/k/a Property Solutions Acquisition Corp. (“PSAC”)), a Delaware corporation (the “Company”), consummated the previously announced business combination pursuant to that certain Agreement and Plan of Merger, dated as of January 27, 2021 (as amended, the “Merger Agreement”), by and among the Company, PSAC Merger Sub Ltd., an exempted company with limited liability incorporated under the laws of the Cayman Islands and wholly-owned subsidiary of the Company (“Merger Sub”), and FF Intelligent Mobility Global Holdings Ltd., an exempted company with limited liability incorporated under the laws of the Cayman Islands (“FF”), as amended by the First Amendment to Agreement and Plan of Merger, dated as of February 25, 2021 (the “First Amendment to Merger Agreement”), the Second Amendment to Agreement and Plan of Merger, dated as of May 3, 2021 (“Second Amendment to Merger Agreement”) the Third Amendment to Agreement and Plan of Merger dated as of June 14, 2021 (“Third Amendment to Merger Agreement”) and the Fourth Amendment to Agreement and Plan of Merger dated as of July 12, 2021 (“Fourth Amendment to Merger Agreement”) by and among the Company, Merger Sub, and FF.

Pursuant to the terms of the Merger Agreement, Merger Sub merged with and into FF, with FF surviving the merger as a wholly owned subsidiary of the Company (the “Business Combination”). Upon the consummation of the Business Combination (the “Closing”), the registrant changed its name from “Property Solutions Acquisition Corp.” to “Faraday Future Intelligent Electric Inc.”

At the effective time of the Business Combination on July 21, 2021 (the “Effective Time”):

●

each outstanding FF share (or indicative FF share, with respect to such outstanding FF converting debt and such other outstanding liabilities of FF) converted into a number of shares of new Class A common stock (or, in the case of FF Top (as defined below), shares of new Class B common stock) of the Company following the Business Combination equal to an exchange ratio (the “Exchange Ratio”) of 0.14130; and

●

each FF option or FF warrant that is outstanding immediately prior to the closing of the Business Combination (and by its terms will not terminate upon the closing of the Business Combination) remained outstanding and converted into the right to purchase a number of shares of Company Class A common stock equal to the number of FF ordinary shares subject to such option or warrant multiplied by the Exchange Ratio at an exercise price per share equal to the current exercise price per share for such option or warrant divided by the Exchange Ratio, with the aggregate amount of shares of Class A common stock issuable upon exercise of such options and warrants to be 44,880,595.

The Company’s stockholders approved the Business Combination at a special meeting of the stockholders held on July 20, 2021 (the “Special Meeting”). The parties to the Merger Agreement consummated the Business Combination on July 21, 2021.

At the Effective Time, pursuant to the terms of the Merger Agreement, the outstanding FF shares (other than the outstanding FF shares held by FF Top Holding LLC (f/k/a FF Top Holding Ltd.) (“FF Top”)), the outstanding FF converting debt and certain other outstanding liabilities of FF were converted into 153,954,009 shares of new Class A common stock of the Company following the Business Combination and, for FF Top, 64,000,588 shares of new Class B common stock of the Company were issued following the Business Combination. As of the Effective Time, holders of FF options and holders of FF warrants continued to hold such options or warrants, as applicable, but the aggregate amount of shares of Class A common stock issuable upon exercise of such options and warrants became 44,880,595.

Holders of 20,600 shares of PSAC common stock properly exercised their right to have such shares redeemed for a full pro rata portion of the trust account holding the proceeds from PSAC’s initial public offering, calculated as of two business days prior to the consummation of the business combination, which was approximately $10.00 per share, or $0.2 million in the aggregate. At the Effective Time, each non-redeemed outstanding share of PSAC common stock was converted into one share of Class A common stock.

Following the Business Combination, the Company will continue to have outstanding 23,652,119 warrants, consisting of (i) approximately 22,977,568 public warrants (the “Public Warrants”) listed on the Nasdaq Stock Market (the “NASDAQ”) and (ii) 674,551 private warrants (the “Private Warrants” and, collectively with the Public Warrants, the “Warrants”), each exercisable for one share of Company Class A common stock at a price of $11.50 per share.

In connection with the Business Combination, the Company entered into Subscription Agreements on January 27, 2021 (collectively and as amended, the “Subscription Agreements”) with certain accredited investors or qualified institutional buyers (collectively, the “Subscription Investors”). Pursuant to the Subscription Agreements, the Subscription Investors agreed to subscribe for and purchase, and the Company agreed to issue and sell to such Subscription Investors, an aggregate of 76,140,000 shares of PSAC common stock for a purchase price of $10.00 per share, or an aggregate of $761.4 million in gross cash proceeds (the “Private Placement”). Pursuant to the Subscription Agreements, the Company gave certain registration rights to the Subscription Investors with respect to the shares issued and sold in the Private Placement. The closing of the Private Placement occurred immediately prior to the Closing.

Business Prior to the Business Combination

Prior to the Business Combination, the Company had one subsidiary, PSAC Merger Sub, Ltd., a wholly-owned subsidiary of the Company an exempted company with limited liability incorporated under the laws of the Cayman Islands on January 27, 2021 (“Merger Sub”).

All activity through June 30, 2021 related to the Company’s formation, the initial public offering (the “Initial Public Offering”), which is described below, and identifying a target company for an initial business combination and consummating the acquisition of Faraday Future Intelligent Electric Inc.

The registration statement for the Company’s Initial Public Offering was declared effective on July 21, 2020. On July 24, 2020, the Company consummated the Initial Public Offering of 20,000,000 units (the “Units” and, with respect to the shares of common stock included in the Units sold, the “Public Shares”), at $10.00 per Unit, generating gross proceeds of $200,000,000, which is described in Note 3.

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 535,000 units (the “Private Units”) at a price of $10.00 per Private Unit in a private placement to Property Solutions Acquisition Sponsor, LLC (the “Sponsor”) and EarlyBirdCapital, Inc. (“EarlyBirdCapital”), generating gross proceeds of $5,350,000, which is described in Note 4.

Following the closing of the Initial Public Offering on July 24, 2020, an amount of $200,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Units was placed in a trust account (the “Trust Account”) located in the United States and invested only in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 180 days or less or in any open-ended investment company that holds itself out as a money market fund selected by the Company meeting the conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the completion of a Business Combination and (ii) the distribution of the funds in the Trust Account, as described below.

On July 29, 2020, the underwriters notified the Company of their intent to partially exercise their over-allotment option on July 31, 2020. As such, on July 31, 2020, the Company consummated the sale of an additional 2,977,658 Units, at $10.00 per Unit, and the sale of an additional 59,551 Private Units, at $10.00 per Private Unit, generating total gross proceeds of $30,371,190. A total of $29,775,680 of the net proceeds was deposited into the Trust Account, bringing the aggregate proceeds held in the Trust Account to $229,775,680.

Transaction costs amounted to $5,117,030 consisting of $4,595,510 of underwriting fees and $521,520 of other offering costs.

Risks and Uncertainties

In March 2020, the World Health Organization declared the outbreak of a novel coronavirus (COVID-19) as a pandemic which continues to spread throughout the United States and the World. As of the date the financial statement was issued, there was considerable uncertainty around the expected duration of this pandemic. The Company has concluded that while it is reasonably possible that COVID-19 could have a negative effect on identifying a target company for a Business Combination, the specific impact is not readily determinable as of the date of this financial statement. The financial statement does not include any adjustments that might result from the outcome of this uncertainty.

Liquidity and Going Concern

As of June 30, 2021, the Company had $17,873 in its operating bank accounts, $229,788,742 in cash and securities held in the Trust Account to be used for a Business Combination or to repurchase or redeem its common stock in connection therewith and a working capital deficit of $2,276,754, which excludes $79,800 of franchise taxes payable. As of June 30, 2021, $13,062 of the amount on deposit in the Trust Account represented interest income, which is available to pay the Company’s tax obligations.

On February 28, 2021, the Company entered into a convertible promissory note with the Sponsor pursuant to which the Sponsor agreed to loan the Company up to an aggregate principal amount of $500,000.

On June 7, 2021, the Company entered into a convertible promissory note with the Sponsor pursuant to which the Sponsor agreed to loan the Company up to an aggregate principal amount of $200,000.

On July 21, 2021, pursuant to the Subscription Agreements, the Subscription Investors purchased, and the Company agreed to sell to such Subscription Investors, an aggregate of 76,140,000 shares of PSAC common stock for a purchase price of $10.00 per share, or an aggregate of $761.4 million in gross cash proceeds (the “Private Placement”). The closing of the Private Placement occurred immediately prior to the Closing.

The Company may be required to obtain additional financing. If the Company is unable to raise additional capital, it may be required to take additional measures to conserve liquidity, which could include, but not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction, and reducing overhead expenses. The Company cannot provide any assurance that new financing will be available to it on commercially acceptable terms, if at all. These conditions raise substantial doubt about the Company’s ability to continue as a going concern through twelve months of the issuance of this report. These financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

Property Solutions Acquisition Corp. (the “Company”) was incorporated in Delaware on February 11, 2020. The Company is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities (the “Business Combination”).

Although the Company is not limited to a particular industry or geographic region for purposes of consummating a Business Combination, the Company intends to focus on businesses that service the real estate industry. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.

The Company has one subsidiary, PSAC Merger Sub, Ltd., a wholly-owned subsidiary of the Company an exempted company with limited liability incorporated under the laws of the Cayman Islands on January 27, 2021. (“Merger Sub”) (see Note 12).

As of December 31, 2020, the Company had not commenced any operations. All activity for the period from February 11, 2020 (inception) through December 31, 2020 relates to the Company’s formation, the initial public offering (“Initial Public Offering”), which is described below, identifying a target company for a Business Combination, and activities in connection with the proposed acquisition of FF Intelligent Mobility Global Holdings Ltd., an exempted company with limited liability incorporated under the laws of the Cayman Islands (“FF”) (see Note 12). The Company will not generate any operating revenues until after the completion of a Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering.

On July 29, 2020, the underwriters notified the Company of their intent to partially exercise their over-allotment option on July 31, 2020. As such, on July 31, 2020, the Company consummated the sale of an additional 2,977,568 Units, at $10.00 per Unit, and the sale of an additional 59,551 Private Units, at $10.00 per Private Unit, generating total gross proceeds of $30,371,190. A total of $29,775,680 of the net proceeds was deposited into the Trust Account, bringing the aggregate proceeds held in the Trust Account to $229,775,680.

Transaction costs amounted to $5,117,030 consisting of $4,595,510 of underwriting fees and $521,520 of other offering costs.

The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of the Private Units, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. The Company must complete a Business Combination having an aggregate fair market value of at least 80% of the assets held in the Trust Account (excluding taxes payable on income earned on the Trust Account) at the time of the agreement to enter into an initial Business Combination. The Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act.

The Company will provide its holders of the outstanding Public Shares (the “public stockholders”) with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a stockholder meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek stockholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The public stockholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially anticipated to be $10.00 per Public Share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations). There will be no redemption rights upon the completion of a Business Combination with respect to the Company’s warrants.

The Company will proceed with a Business Combination if the Company has net tangible assets of at least $5,000,001 immediately prior to or upon such consummation of a Business Combination and, if the Company seeks stockholder approval, a majority of the shares voted are voted in favor of the Business Combination. If a stockholder vote is not required by law and the Company does not decide to hold a stockholder vote for business or other legal reasons, the Company will, pursuant to its Amended and Restated Certificate of Incorporation (the “Amended and Restated Certificate of Incorporation”), conduct the redemptions pursuant to the tender offer rules of the U.S. Securities and Exchange Commission (“SEC”) and file tender offer documents with the SEC containing substantially the same information as would be included in a proxy statement prior to completing a Business Combination. If, however, stockholder approval of the transaction is required by law, or the Company decides to obtain stockholder approval for business or legal reasons, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. If the Company seeks stockholder approval in connection with a Business Combination, the Sponsor and EarlyBirdCapital have agreed to vote their Founder Shares (as defined in Note 6), Representative Shares (as defined in Note 8), Private Shares (as defined in Note 5) and any Public Shares purchased during or after the Initial Public Offering (a) in favor of approving a Business Combination and (b) not to convert any shares in connection with a stockholder vote to approve a Business Combination or sell any shares to the Company in a tender offer in connection with a Business Combination. Additionally, each public stockholder may elect to redeem their Public Shares irrespective of whether they vote for or against the Initial transaction or don’t vote at all.

The Sponsor and EarlyBirdCapital have agreed (a) to waive their redemption rights with respect to their Founder Shares, Private Shares and Public Shares held by them in connection with the completion of a Business Combination, (b) to waive their rights to liquidating distributions from the Trust Account with respect to the Founder Shares, Representative Shares and Private Shares if the Company fails to consummate a Business Combination, and (b) not to propose an amendment to the Amended and Restated Certificate of Incorporation that would affect a public stockholders’ ability to convert or sell their shares to the Company in connection with a Business Combination or affect the substance or timing of the Company’s obligation to redeem 100% of its Public Shares if the Company does not complete a Business Combination, unless the Company provides the public stockholders with the opportunity to redeem their Public Shares in conjunction with any such amendment.

The Company will have until April 24, 2022 to complete a Business Combination (the “Combination Period”). If the Company is unable to complete a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest earned on the funds held in the Trust Account and not previously released to the Company to pay taxes, divided by the number of then outstanding Public Shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining stockholders and the Company’s board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless if the Company fails to complete a Business Combination within the Combination Period.

In order to protect the amounts held in the Trust Account, the Sponsor has agreed to be liable to the Company if and to the extent any claims by a vendor for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account to below $10.00 per Public Share, except as to any claims by a third party who executed a valid and enforceable agreement with the Company waiving any right, title, interest or claim of any kind they may have in or to any monies held in the Trust Account and except as to any claims under the Company’s indemnity of the underwriters of Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers, prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account.

Liquidity and Going Concern

As of December 31, 2020, the Company had $549,395 in its operating bank accounts, $229,884,479 in cash and securities held in the Trust Account to be used for a Business Combination or to repurchase or redeem its common stock in connection therewith and a working capital deficit of $1,222,111, which excludes $141,771 of franchise taxes payable. As of December 31, 2020, $108,799 of the amount on deposit in the Trust Account represented interest income, which is available to pay the Company’s tax obligations.

The Company will need to raise additional capital through loans or additional investments from its Sponsor, stockholders, officers, directors, or third parties. The Company’s officers, directors and Sponsor may, but are not obligated to, loan the Company funds, from time to time or at any time, in whatever amount they deem reasonable in their sole discretion, to meet the Company’s working capital needs. Accordingly, the Company may not be able to obtain additional financing. If the Company is unable to raise additional capital, it may be required to take additional measures to conserve liquidity, which could include, but not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction, and reducing overhead expenses. The Company cannot provide any assurance that new financing will be available to it on commercially acceptable terms, if at all. These conditions raise substantial doubt about the Company’s ability to continue as a going concern through April 24, 2022, the date that the Company will be required to cease all operations, except for the purpose of winding up, if a Business Combination is not consummated. These financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

Initial Public Offering

6 Months Ended

11 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Initial Public Offering Disclosure [Abstract]

INITIAL PUBLIC OFFERING

NOTE 3. INITIAL PUBLIC OFFERING

Pursuant to the Initial Public Offering, the Company sold 20,000,000 Units, at $10.00 per Unit. On July 31, 2020, in connection with the underwriters’ partial exercise of their over-allotment option, the Company sold an additional 2,977,568 Units at a price of $10.00 per Unit. Each Unit consists of one share of common stock and one warrant (“Public Warrant”). Each Public Warrant entitles the holder to purchase one share common stock at a price of $11.50 per share, subject to adjustment (see Note 8).

NOTE 4. INITIAL PUBLIC OFFERING

Private Placement

6 Months Ended

11 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Private Placement [Abstract]

PRIVATE PLACEMENT

NOTE 4. PRIVATE PLACEMENT

Simultaneously with the closing of the Initial Public Offering, the Sponsor and EarlyBirdCapital purchased an aggregate of 535,000 Private Units at a price of $10.00 per Private Unit, for an aggregate purchase price of $5,350,000. On July 31, 2020, in connection with the underwriters’ partial exercise of their over-allotment option, the Company sold an additional 59,551 Private Units at a price of $10.00 per Private Unit. The Sponsor purchased 483,420 Private Units and EarlyBirdCapital purchased 111,131 Private Units. Each Private Unit consists of one share of common stock (“Private Share”) and one warrant (“Private Warrant”). Each Private Warrant entitles the holder to purchase one share of common stock at a price of $11.50 per full share, subject to adjustment (see Note 8). The proceeds from the Private Units were added to the proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the proceeds from the sale of the Private Units will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law).

NOTE 5. PRIVATE PLACEMENT

Warrants

6 Months Ended

11 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Warrants [Abstract]

WARRANTS

NOTE 8. WARRANTS

Warrants — As of June 30, 2021 and December 31, 2020, there were 22,977,568 Public Warrants outstanding. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination or (b) 12 months from the closing of the Initial Public Offering. No warrants will be exercisable for cash unless the Company has an effective and current registration statement covering the shares of common stock issuable upon exercise of the warrants and a current prospectus relating to such shares of common stock. Notwithstanding the foregoing, if a registration statement covering the shares of common stock issuable upon exercise of the Public Warrants is not effective within a specified period following the consummation of a Business Combination, warrant holders may, until such time as there is an effective registration statement and during any period when the Company shall have failed to maintain an effective registration statement, exercise warrants on a cashless basis pursuant to the exemption provided by Section 3(a)(9) of the Securities Act, provided that such exemption is available. If that exemption, or another exemption, is not available, holders will not be able to exercise their warrants on a cashless basis. The Public Warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation.

Once the warrants become exercisable, the Company may redeem the Public Warrants:

	●	in whole and not in part;

	●	at a price of $0.01 per warrant;

	●	upon not less than 30 days’ prior written notice of redemption to each warrant holder;

	●	if, and only if, the reported last sale price of the shares of common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations), for any 20 trading days within a 30 trading day period commencing at any time after the warrants become exercisable and ending on the third business day prior to the notice of redemption to warrant holders; and

	●	if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants.

If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement.

In addition, if (x) the Company issues additional shares of common stock or equity-linked securities for capital raising purposes in connection with the closing of a Business Combination at an issue price or effective issue price of less than $9.20 per share of common stock (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors, and in the case of any such issuance to the Sponsor or their affiliates, without taking into account any Founder Shares held by them prior to such issuance), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of a Business Combination on the date of the consummation of a Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Company’s common stock during the 20 trading day period starting on the trading day prior to the day on which the Company consummates Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of (i) the Market Value or (ii) the price at which we issue the additional shares of common stock or equity-linked securities.

Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with the respect to such warrants. Accordingly, the warrants may expire worthless.

At June 30, 2021, there were 594,551 Private Placement Warrants outstanding. The Private Warrants are identical to the Public Warrants underlying the Units sold in the Initial Public Offering, except that the Private Warrants and the common stock issuable upon the exercise of the Private Warrants will not be transferable, assignable or saleable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Warrants will be exercisable on a cashless basis and be non-redeemable so long as they are held by the initial purchasers or their permitted transferees. If the Private Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants.

Representative Shares

On February 11, 2020, the Company issued to the designees of EarlyBirdCapital 200,000 shares of common stock (the “Representative Shares”). The Company accounted for the Representative Shares as an offering cost of the Initial Public Offering, with a corresponding credit to stockholders’ equity. The Company estimated the fair value of Representative Shares to be $820 based upon the price of the Founder Shares issued to the Sponsor. The holders of the Representative Shares have agreed not to transfer, assign or sell any such shares until the completion of a Business Combination. In addition, the holders have agreed (i) to waive their conversion rights (or right to participate in any tender offer) with respect to such shares in connection with the completion of a Business Combination and (ii) to waive their rights to liquidating distributions from the Trust Account with respect to such shares if the Company fails to complete a Business Combination within the Combination Period.

The Representative Shares have been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the effective date of the registration statement related to the Initial Public Offering pursuant to Rule 5110(g)(1) of FINRA’s NASD Conduct Rules. Pursuant to FINRA Rule 5110(g)(1), these securities will not be the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days immediately following the effective date of the registration statements related to the Initial Public Offering, nor may they be sold, transferred, assigned, pledged or hypothecated for a period of 180 days immediately following the effective date of the registration statements related to the Initial Public Offering except to any underwriter and selected dealer participating in the Initial Public Offering and their bona fide officers or partners.

NOTE 9. WARRANTS

Warrants — The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination or (b) 12 months from the closing of the Initial Public Offering. No warrants will be exercisable for cash unless the Company has an effective and current registration statement covering the shares of common stock issuable upon exercise of the warrants and a current prospectus relating to such shares of common stock. Notwithstanding the foregoing, if a registration statement covering the shares of common stock issuable upon exercise of the Public Warrants is not effective within a specified period following the consummation of a Business Combination, warrant holders may, until such time as there is an effective registration statement and during any period when the Company shall have failed to maintain an effective registration statement, exercise warrants on a cashless basis pursuant to the exemption provided by Section 3(a)(9) of the Securities Act, provided that such exemption is available. If that exemption, or another exemption, is not available, holders will not be able to exercise their warrants on a cashless basis. The Public Warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation.

Once the warrants become exercisable, the Company may redeem the Public Warrants:

●

in whole and not in part;

●

at a price of $0.01 per warrant;

●

upon not less than 30 days’ prior written notice of redemption to each warrant holder;

●

if, and only if, the reported last sale price of the shares of common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations), for any 20 trading days within a 30 trading day period commencing at any time after the warrants become exercisable and ending on the third business day prior to the notice of redemption to warrant holders; and

●

if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants.

The exercise price and number of shares of common stock issuable on exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, extraordinary dividend or our recapitalization, reorganization, merger or consolidation. However, except as described above, the warrants will not be adjusted for issuances of shares of common stock at a price below their respective exercise prices. Additionally, in no event will the Company be required to net cash settle the warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with the respect to such warrants. Accordingly, the warrants may expire worthless.

The Private Warrants are identical to the Public Warrants underlying the Units sold in the Initial Public Offering, except that the Private Warrants and the common stock issuable upon the exercise of the Private Warrants will not be transferable, assignable or saleable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Warrants will be exercisable on a cashless basis and be non-redeemable so long as they are held by the initial purchasers or their permitted transferees. If the Private Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants.

Representative Shares

Restatement of Previously Issued Financial Statements

11 Months Ended

Dec. 31, 2020

Restatement Of Previously Issued Financial Statements [Abstract]

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

NOTE 2. RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

The Company previously accounted for its outstanding Private Placement Warrants (as defined in Note 5) issued in connection with its Initial Public Offering as components of equity instead of as derivative liabilities. The warrant agreement governing the Private Placement Warrants includes a provision that provides for potential changes to the settlement amounts of the Private Placement Warrants which are dependent upon the characteristics of the holder of the warrant.

On April 12, 2021, the Acting Director of the Division of Corporation Finance and Acting Chief Accountant of the Securities and Exchange Commission together issued a statement regarding the accounting and reporting considerations for warrants issued by special purpose acquisition companies entitled “Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (“SPACs”)” (the “SEC Statement”). Specifically, the SEC Statement focused on certain settlement terms and provisions related to certain tender offers following a business combination, which terms are similar to those contained in the warrant agreement (the “Warrant Agreement”).

In further consideration of the SEC Statement, the Company’s management further evaluated the Warrants under Accounting Standards Codification (“ASC”) Subtopic 815-40, Contracts in Entity’s Own Equity. ASC Section 815-40-15 addresses equity versus liability treatment and classification of equity-linked financial instruments, including warrants, and states that a warrant may be classified as a component of equity only if, among other things, the warrant is indexed to the issuer’s common stock. Under ASC Section 815-40-15, a warrant is not indexed to the issuer’s common stock if the terms of the warrant require an adjustment to the exercise price upon a specified event and that event is not an input to the fair value of the warrant. Based on management’s evaluation, the Company’s audit committee, in consultation with management, concluded that the Company’s Private Placement Warrants are not indexed to the Company’s common stock in the manner contemplated by ASC Section 815-40-15 because the holder of the instrument is not an input into the pricing of a fixed-for-fixed option on equity shares.

As a result of the above, the Company should have classified the Private Placement Warrants as derivative liabilities in its previously issued financial statements. Under this accounting treatment, the Company is required to measure the fair value of the Private Placement Warrants at the end of each reporting period as well as re-evaluate the treatment of the warrants (including on July 24, 2020, September 30, 2020 and December 31, 2020) and recognize changes in the fair value from the prior period in the Company’s operating results for the current period.

The Company’s accounting for the Private Placement Warrants as a component of equity instead of as derivative liabilities did not have any effect on the Company’s previously reported investments held in trust, operating expenses or cash.

	As Previously Reported			Adjustments			As Restated
Balance Sheet as of:
July 24, 2020 (audited)
Warrant liability	$	—		$	154,583		$	154,583
Total Liabilities		—			154,583			154,583
Common Stock Subject to Possible Redemption		225,628,970			(154,583	)		225,474,387
Common Stock		696			1			697
Additional Paid-in Capital		5,000,314			352			5,000,666
Accumulated deficit		(1,000	)		(353	)		(1,353	)
Total Shareholders’ Equity		5,000,010			—			5,000,010

Number of shares subject to redemptions		22,562,897			(15,458	)		22,547,439

	As Previously Reported			Adjustments			As Restated
September 30, 2020 (unaudited)
Warrant liability	$	—		$	219,984		$	219,984
Total Liabilities		51,267			219,984			271,251
Common Stock Subject to Possible Redemption		225,527,000			(219,984	)		225,307,016
Common Stock		696			2			698
Additional Paid-in Capital		5,102,284			65,752			5,168,036
Accumulated deficit		(102,977	)		(65,754	)		(168,731	)
Total Shareholders’ Equity		5,000,003			—			5,000,003

Number of shares subject to redemptions		22,552,700			(21,998	)		22,530,702

December 31, 2020 (audited)
Warrant liability	$	—		$	630,224		$	630,224
Total Liabilities		2,041,838			630,224			2,672,062
Common Stock Subject to Possible Redemption		223,520,590			(630,220	)		222,890,370
Common Stock		716			7			723
Additional Paid-in Capital		7,108,674			475,983			7,584,657
Accumulated deficit		(2,109,383	)		(475,994	)		(2,585,377	)
Total Shareholders’ Equity		5,000,007			(4	)		5,000,003

Number of shares subject to redemptions		22,352,059			(63,022	)		22,289,037

Statement of Operations for the:
Three Months Ended September 30, 2020 (unaudited)
Net loss	$	(101,977	)	$	(65,754	)	$	(167,731	)
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption		22,552,700			—			22,552,700
Basic and diluted net income per share, Common stock subject to possible redemption		0.00			0.00			0.00
Basic and diluted weighted average shares outstanding, Non-redeemable common stock		6,496,149						6,496,149
Basic and diluted net loss per share, Non-redeemable common stock		(0.02	)		(0.01	)		(0.03	)

Period from February 11, 2020 (inception) to September 30, 2020 (unaudited)
Allocation of initial public offering costs	$	—		$	(353	)	$	(353	)
Change in fair value of warrant liability		—			(65,401	)		(65,401	)
Net loss		(102,977	)		(65,754	)		(168,731	)
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption		—			22,552,700			22,552,700
Basic and diluted net income per share, Common stock subject to possible redemption		—			0.00			0.00
Basic and diluted weighted average shares outstanding, Non-redeemable common stock		5,713,990			—			5,713,990
Basic and diluted net loss per share, Non-redeemable common stock		(0.02	)		(0.01	)	$	(0.03	)

	As Previously Reported			Adjustments			As Restated
Period from February 11, 2020 (inception) to December 31, 2020 (audited)
Allocation of initial public offering costs	$	—		$	(353	)	$	(353	)
Change in fair value of warrant liability		—			(475,641	)		(475,641	)
Net loss		(2,109,383	)		(475,994	)		(2,585,377	)
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption		22,557,034			(777,430	)		21,779,604
Basic and diluted net income per share, Common stock subject to possible redemption		—			0.00			0.00
Basic and diluted weighted average shares outstanding, Non-redeemable common stock		6,068,878			383,916			6,452,794
Basic and diluted net loss per share, Non-redeemable common stock		(0.35	)		(0.05	)		(0.40	)

Statement of Changes in Stockholder’s Equity for the:
Three Months Ended September 30, 2020 (unaudited)
Sale of 594,551 Private Units	$	5,945,510		$	(154,230	)	$	5,791,280
Common stock subject to possible redemption		(225,527,000	)		219,990			(225,307,010	)
Net loss		(101,977	)		(65,754	)		(167,731	)

Period from February 11, 2020 (inception) to September 30, 2020 (unaudited)
Sale of 594,551 Private Units	$	5,945,510		$	(154,230	)	$	5,791,280
Common stock subject to possible redemption		(225,527,000	)		219,990			(225,307,010	)
Net loss		(102,977	)		(65,754	)		(168,731	)

Period from February 11, 2020 (inception) to December 31, 2020 (audited)
Sale of 594,551 Private Units	$	5,945,510		$	(154,230	)	$	5,791,280
Common stock subject to possible redemption		(223,520,590	)		630,220			(222,890,370	)
Net loss		(2,109,383	)		(475,994	)		(2,585,377	)

Statement of Cash Flows for the:
Period from February 11, 2020 (inception) to September 30, 2020 (unaudited)
Net loss	$	(102,977	)	$	(65,754	)	$	(168,731	)
Change in fair value of warrant liability		—			65,401			65,401
Transaction costs incurred in connection with IPO		—			353			353

Period from February 11, 2020 (inception) to December 31, 2020 (audited)
Net loss	$	(2,109,383	)	$	(475,994	)	$	(2,585,377	)
Change in fair value of warrant liability		—			475,641			475,641
Transaction costs incurred in connection with IPO		—			353			353

The restatement to the previously issued financial statements did not have any impact on the cashflows from operating, investing, or financing activities on the Statement of Cash Flows for the periods from February 11, 2020 (inception) to September 30, 2020 or from February 11, 2020 (inception) to December 31, 2020.

Accounting Policies, by Policy (Policies)

6 Months Ended

11 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Accounting Policies, by Policy (Policies) [Line Items]

Use of Estimates

Use of Estimates

Use of Estimates

Basis of Presentation

Basis of Presentation

Basis of Presentation

Fair Value Measurements

Fair Value Measurements

●

Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;

●

Concentration of Credit Risk

Concentration of Credit Risk

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Deposit Insurance Corporation coverage of $250,000. The Company has not experienced losses on this account.

Income Taxes

Income Taxes

Income Taxes

ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of December 31, 2020. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

Net Loss per Common Share

Net Income (Loss) per Common Share

The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):

	Three Months Ended June 30,					Six Months Ended June 30,			For the period from February 11, 2020 (inception) through June 30,
	2021			2020		2021			2020
Common stock subject to possible redemption
Numerator: Earnings allocable to Common stock subject to possible redemption
Interest earned on marketable securities held in Trust Account
Less: interest available to be withdrawn for payment of taxes	$	7,694		$	—	$	36,466		$	—
Company’s portion available to pay taxes		(7,694	)		—		(36,466	)		—
Net income allocable to Common stock subject to possible redemption	$	—		$	—	$	—		$	—

Denominator: Weighted Average Common stock subject to possible redemption
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption		22,103,036			—		22,195,523			—
Basic and diluted net income per share, Common stock subject to possible redemption	$	(0.00	)	$	—	$	(0.00	)	$	—

Non-Redeemable Common Stock
Numerator: Net Loss minus Net Earnings
Net Loss	$	(5,726,988	)	$	—	$	(7,544,047	)	$	(1,000	)
Non-Redeemable Net Loss	$	(5,726,988	)	$	—	$	(7,544,047	)	$	(1,000	)

Denominator: Weighted Average Non-Redeemable Common Stock
Basic and diluted weighted average shares outstanding, Non-redeemable common stock		7,413,475			5,200,000		7,320,988			5,200,000
Basic and diluted net loss per share, Non-redeemable common stock	$	(0.77	)	$	—	$	(1.03	)	$	—

Net Loss per Common Share

The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):

	For the Period from February 11, 2020 (Inception) Through December 31, 2020
Common stock subject to possible redemption
Numerator: Earnings allocable to Common stock subject to possible redemption
Interest earned on marketable securities held in Trust Account	$	97,270
Unrealized gain on marketable securities held in Trust Account		8,569
Less: interest available to be withdrawn for payment of taxes		(105,839	)
Less: interest available to be withdrawn for working capital		—
Net income allocable to Common stock subject to possible redemption	$	—
Denominator: Weighted Average Common stock subject to possible redemption
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption		21,779,604
Basic and diluted net income per share, Common stock subject to possible redemption	$	0.00

Non-Redeemable Common Stock
Numerator: Net Loss minus Net Earnings
Net loss	$	(2,585,377	)
Less: Net income allocable to Common stock subject to possible redemption		—
Non-Redeemable Net Loss	$	(2,585,377	)
Denominator: Weighted Average Non-redeemable common stock
Basic and diluted weighted average shares outstanding, Non-redeemable common stock		6,452,794
Basic and diluted net loss per share, Non-redeemable common stock	$	(0.40	)

Recent Accounting Standards

Recent Accounting Standards

Recent Accounting Standards

Management does not believe that any recently issued, but not yet effective, accounting standards update, if currently adopted, would have a material effect on the Company’s financial statements.

Emerging Growth Company

Emerging Growth Company

Emerging Growth Company

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and Marketable Securities Held in Trust Account

Cash and Marketable Securities Held in Trust Account

Cash and Marketable Securities Held in Trust Account

Common Stock Subject to Possible Redemption

Common Stock Subject to Possible Redemption

Common Stock Subject to Possible Redemption

Warrant Liability

Warrant Liability

Warrant Liability

Fair Value of Financial Instruments

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the accompanying balance sheet, primarily due to their short-term nature.

Derivative Financial Instruments

Derivative Financial Instruments

Risks and Uncertainties

Risks and Uncertainties

FF Intelligent Mobility Global Holdings Ltd [Member]

Accounting Policies, by Policy (Policies) [Line Items]

Principles of Consolidation

Basis of Presentation

Use of Estimates

Use of Estimates

Basis of Presentation

Principles of Consolidation and Basis of Presentation

All intercompany transactions and balances have been eliminated upon consolidation.

Variable Interest Entity and Joint Venture

Variable Interest Entity and Joint Venture

	2019
Cash	$	843
Restricted cash		493
Deposits		118
Other current assets		2,001
Property and equipment, net		2,713
Other non-current assets		23
Accounts payable		3,996
Accrued expenses and other current liabilities		16,504
Accrued interest		1,554
Related party notes payable		8,601
Notes payable		7,758

On August 5, 2020, an equity transfer agreement (the “Equity Transfer Agreement”) was entered into between the Company and LeSEE Zhile, pursuant to which, LeSEE Zhile transferred 48% equity of LeSEE to the Company for no consideration. After the transfer, LeSEE Zhile owns 1% of LeSEE and the Company owns 99% of LeSEE, making LeSEE a majority-owned subsidiary of the Company and no longer a VIE since LeSEE is consolidated through majority voting and equity interests.

On March 24, 2019, the Company entered into a Joint Venture Agreement (“JVA”) with The9 Limited (“The9”). Pursuant to the JVA, the Company and The9 agreed to establish an equity joint venture in Hong Kong, which would in turn establish a wholly-owned subsidiary in China, intended to engage in the business of manufacturing, marketing, selling and distributing the planned Faraday Future Icon V9 model electric vehicle in China. The Company and The9 would each be 50% owners of the joint venture. The9 made a $5,000 non-refundable initial deposit (“The9 Conditional Obligation”) to the Company to participate in the joint venture. The9 has the right to convert the initial deposit into various classes of stock in the Company. For accounting purposes, the deposit is a financial instrument that embodies a conditional obligation that the issuer may settle by issuing a variable number of shares. The conditional obligation is measured at fair value and remeasured at each reporting period and represents a Level 3 financial instrument under the fair value hierarchy. See Note 4 Fair Value of Financial Instruments. The fair value of the conditional obligation was $1,128 and $5,000 as of December 31, 2020 and 2019, respectively, and was recorded in current liabilities on the consolidated balance sheets. Neither the Company nor The9 have made contributions to the joint venture as of December 31, 2020. The joint venture has yet to commence business activities, and on November 22, 2020, the parties entered into an agreement to convert the initial deposit into Class B Ordinary Stock in the Company. The initial deposit was converted on February 23, 2021.

Foreign Currency

Foreign Currency

Revisions

Revisions

	As Previously Reported			Adjustments			As Revised
Consolidated Balance Sheet
Accounts payable	$	79,385		$	(10,737	)	$	68,648
Vendor payables in trust		105,163			10,737			115,900
Additional paid-in capital		153,151			5,553			158,704
Accumulated deficit		(2,235,452	)		(8,602	)		(2,244,054	)
Noncontrolling interest		(3,049	)		3,049			—
Total stockholders’ deficit		(2,085,585	)		(3,049	)		(2,088,634	)
Consolidated Statement of Convertible Preferred Stock and Stockholders’ Deficit
Additional paid-in capital	$	153,151		$	5,553		$	158,704
Accumulated deficit		(2,235,452	)		(8,602	)		(2,244,054	)
Noncontrolling interest		(3,049	)		3,049			—
Total stockholders’ deficit		(2,085,585	)		(3,049	)		(2,088,634	)
Consolidated Statement of Operations and Comprehensive Loss
Net (loss) income attributable to noncontrolling interest	$	(7,605	)	$	8,602		$	997
Net loss attributable to FF Intelligent Mobility Global Holdings Ltd.		(134,590	)		(8,602	)		(143,192	)
Per share information attributable to FF Intelligent Mobility Global Holdings Ltd. – Net loss per ordinary share basic and diluted		(3.31	)		(0.21	)		(3.52	)
Total other comprehensive (loss) income attributable to noncontrolling interest		(7,605	)		8,602			997
Total other comprehensive loss attributable to FF Intelligent Mobility Global Holdings Ltd.		(137,123	)		(8,602	)		(145,725	)
Consolidated Statement of Cash Flows
Transfer of payables to Vendor Trust	$	(105,163	)	$	(10,737	)	$	(115,900	)
Accounts payable		42,031			6,198			48,229
Accrued expenses and other current liabilities.		(24,881	)		(275	)		(25,156	)
Cash flows used in operating activities		(184,981	)		(4,814	)		(189,795	)
Payments for equipment		(4,935	)		2,679			(2,256	)
Cash flows provided by investing activities		24,227			2,679			26,906
Distribution to acquire noncontrolling interest		—			(8,602	)		(8,602	)
Transfer of payables to Vendor Trust		105,163			10,737			115,900
Cash flows provided by financing activities		160,482			2,135			162,617
Supplemental disclosure of noncash investing and financing activities
Extinguishment of noncontrolling interest		—			3,049			3,049

Cash and restricted cash

Cash and restricted cash

Cash consists of cash on deposit with financial institutions. Restricted cash consists of cash held in escrow related to rent and vendor payments.

Fair Value Measurements

Fair Value Measurements

The Company applies the provisions of ASC 820, Fair Value Measurement, which defines a single authoritative definition of fair value, sets out a framework for measuring fair value and expands on required disclosures about fair value measurements. The provisions of ASC 820 relate to financial assets and liabilities as well as other assets and liabilities carried at fair value on a recurring and nonrecurring basis. The standard clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, the standard establishes a three-tier value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

		Level 1		Valuations for assets and liabilities traded in active exchange markets, or interest in open-end mutual funds that allow a company to sell its ownership interest back at net asset value on a daily basis. Valuations are obtained from readily available pricing sources for market transactions involving identical assets, liabilities or funds.

		Level 2		Valuations for assets and liabilities traded in less active dealer, or broker markets, such as quoted prices for similar assets or liabilities or quoted prices in markets that are not active. Level 2 instruments typically include U.S. government and agency debt securities, and corporate obligations. Valuations are usually obtained through market data of the investment itself as well as market transactions involving comparable assets, liabilities or funds.

		Level 3		Valuations for assets and liabilities that are derived from other valuation methodologies, such as option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer, or broker-traded transactions. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities.

Concentration of Credit Risk

Concentration of Credit Risk

The Company has notes receivable of $40 and $3,640 and deposits of $6,412 and $5,164 as of December 31, 2020 and 2019, respectively.

Property and Equipment, Net

Property and Equipment, Net

Depreciation and amortization on property and equipment is calculated using the straight-line method over the estimated useful lives of the assets as follows:

			Useful Life (in years)
Buildings			39
Building improvements			15
Computer hardware			5
Machinery and equipment			5
Vehicles			5
Computer software			3
Leasehold improvements			Shorter of 15 years or term of the lease

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Research and Development

Research and Development

Sales and Marketing

Sales and Marketing

Stock-Based Compensation

Stock-Based Compensation

Determining the grant date fair value of the awards using the Black-Scholes option-pricing model requires management to make assumptions and judgments, including, but not limited to the following:

Dividend yield — The Company has never declared or paid any cash dividends and does not presently plan to pay cash dividends in the foreseeable future.

Income Taxes

Income Taxes

The Company recognizes interest and penalties on unrecognized tax benefits as a component of income tax expense. There were no interest or penalties for the years ended December 31, 2020 and 2019.

Net Loss per Common Share

Net Loss Per Share Attributable to Ordinary Stockholders

Basic net loss attributable to ordinary stockholders per share is calculated by dividing net loss attributable to ordinary stockholders by the weighted-average number of ordinary shares outstanding.

The following table presents the number of anti-dilutive shares excluded from the calculation of diluted net loss per share as of December 31:

	2020		2019
Stock-based compensation awards – employees		215,769,994		151,330,989
Stock-based compensation awards – non-employees		45,932,116		7,485,000
Class A Ordinary Stock – warrant		1,930,147		—
Redeemable Preference Stock		470,588,235		470,588,235
Class B Convertible Preferred Stock		452,941,177		600,000,000
Total		1,187,161,669		1,229,404,224

Segments

Segments

Recently Adopted Accounting Pronouncements

Recently Adopted Accounting Pronouncements

Recent Accounting Standards

Recently Issued Accounting Pronouncements Not Yet Adopted

In August 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”). The ASU simplifies the accounting for convertible instruments by removing certain separation models in ASC 470- 20, Debt — Debt with Conversion and Other Options, for convertible instruments. The ASU updates the guidance on certain embedded conversion features that are not required to be accounted for as derivatives under Topic 815, Derivatives and Hedging, or that do not result in substantial premiums accounted for as paid-in capital, such that those features are no longer required to be separated from the host contract. The convertible debt instruments will be accounted for as a single liability measured at amortized cost. Further, the ASU made amendments to the earnings per share guidance in Topic 260 for convertible instruments, the most significant impact of which is requiring the use of the if-converted method for diluted EPS calculation, and no longer allowing the net share settlement method. The ASU also made revisions to Topic 815-40, which provides guidance on how an entity must determine whether a contract qualifies for a scope exception from derivative accounting. The amendments to Topic 815-40 change the scope of contracts that are recognized as assets or liabilities. ASU 2020-06 is effective for interim and annual periods beginning after December 15, 2023, with early adoption permitted. Adoption of the ASU can either be on a modified retrospective or full retrospective basis.

Property and equipment, net (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

FF Intelligent Mobility Global Holdings Ltd [Member]

Property and equipment, net (Tables) [Line Items]

Schedule of Property and Equipment, Net

	June 30, 2021			December 31, 2020
Land	$	13,043		$	13,043
Buildings		21,899			21,899
Building improvements		8,940			8,940
Computer hardware		4,058			4,058
Tooling, machinery, and equipment		5,475			5,451
Vehicles		583			583
Computer software		7,095			7,095
Leasehold improvements		298			298
Construction in process		246,817			251,633
Less: Accumulated depreciation		(20,490	)		(19,067	)
Total property and equipment, net	$	287,718		$	293,933

	2020			2019
Land	$	13,043		$	13,043
Buildings		21,899			21,891
Building improvements		8,940			8,940
Computer hardware		4,058			4,058
Machinery and equipment		5,451			5,375
Vehicles		583			583
Computer software		7,095			7,095
Leasehold improvements		298			298
Construction in process		251,633			247,133
Less: Accumulated depreciation		(19,067	)		(15,890	)
Total property and equipment, net	$	293,933		$	292,526

Accrued Expenses and Other Current Liabilities (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

FF Intelligent Mobility Global Holdings Ltd [Member]

Accrued Expenses and Other Current Liabilities (Tables) [Line Items]

Schedule of Accrued Expenses and Other Current Liabilities

	June 30, 2021		December 31, 2020
Accrued expenses and other current liabilities
Accrued payroll and benefits	$	27,039	$	19,180
Accrued legal contingencies		12,333		5,025
Capital lease, current portion		1,926		4,396
Deferred rent, current portion		—		3
Tooling, machinery, and equipment received not invoiced		795		509
Deposits from customers		3,667		3,523
Due to affiliates		7,658		5,123
Other current liabilities		6,303		14,623
Total accrued expenses and other current liabilities	$	59,721	$	52,382

	2020		2019
Accrued expenses and other current liabilities
Accrued payroll and benefits	$	19,180	$	16,717
Accrued legal contingencies		5,025		3,305
Capital lease, current portion		4,396		1,661
Deferred rent, current portion		3		174
Tooling, machinery and equipment received not invoiced		509		1,389
Deposits from customers		3,523		14,923
Due to affiliates		5,123		467
Other current liabilities		14,623		9,629
	$	52,382	$	48,265

Fair Value of Financial Instruments (Tables)

6 Months Ended

11 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Fair Value of Financial Instruments (Tables) [Line Items]

Schedule of fair value on a recurring basis

Description	Level		June 30, 2021		December 31, 2020
Assets:
Marketable securities held in Trust Account		1	$	229,788,742	$	229,884,479

Liabilities:
Warrant Liability – Private Placement Warrants		3	$	6,605,462	$	630,224
Convertible Promissory Notes – Related Party		3		480,400		—

Schedule of model for the private placement warrants

Input	June 30, 2021			December 31, 2020
Risk-free interest rate		0.83	%		0.35	%
Trading days per year		252			252
Expected volatility		87.6	%		17.4	%
Exercise price	$	11.50		$	11.50
Stock Price	$	15.58		$	10.00

	June 30, 2021
Risk-free interest rate	$	0.83	%
Trading days per year	$	252
Expected volatility		87.6	%
Exercise price	$	11.50
Stock Price	$	15.58
Probability of transaction		90.0	%

Input	July 24, 2020 (Initial Measurement)			September 30, 2020			December 31, 2020
Risk-free interest rate		0.34	%		0.34	%		0.34	%
Trading days per year		252			252			252
Expected volatility		27.0	%		27.0	%		27.0	%
Exercise price	$	11.50		$	11.50		$	11.50
Stock Price	$	10.00		$	10.00		$	10.00

Schedule of changes in the fair value of warrant liabilities

	Private Placement Warrants
Fair value as of January 1, 2021	$	630,224
Change in valuation inputs or other assumptions		5,975,238
Fair value as of June 30, 2021	$	6,605,462

	Convertible Promissory Note
Fair value as of January 1, 2021	$	—
Proceeds received through Convertible Promissory Note		200,000
Change in valuation inputs or other assumptions		280,400
Fair value as of June 30, 2021	$	480,400

	Warrant Liability
Fair value as of February 11, 2020 (inception)	$	—
Initial measurement on July 24, 2020		154,583
Change in valuation inputs or other assumptions		475,641
Fair value as of December 31, 2020	$	630,224

FF Intelligent Mobility Global Holdings Ltd [Member]

Fair Value of Financial Instruments (Tables) [Line Items]

Schedule of financial assets and liabilities measured on recurring basis

	June 30, 2021
	Level 1		Level 2		Level 3
Related party notes payable	$	—	$	—	$	21,769
Notes payable		—		—		213,504
Warrant liabilities		—		—		7,880

	December 31, 2020
	Level 1		Level 2		Level 3
Related party notes payable	$	—	$	—	$	21,627
Notes payable		—		—		71,064
The9 Conditional Obligation		—		—		1,128

	December 31, 2020
	Level 1		Level 2		Level 3
Related party notes payable	$	—	$	—	$	21,627
Notes payable		—		—		71,064
The9 Conditional Obligation		—		—		1,128

	December 31, 2019
	Level 1		Level 2		Level 3
Related party notes payable	$	—	$	—	$	21,522
Notes payable		—		—		32,222
The9 Conditional Obligation		—		—		5,000

Summary of activity for level 3 fair value measurements

	Related Party Notes Payable at Fair Value		Notes Payable at Fair Value			The9 Conditional Obligation			Warrant Liabilities
Balance as of December 31, 2020	$	21,627	$	71,064		$	1,128		$	—
Proceeds, net of original issuance discount		—		111,641			—			—
Consent fees		—		1,334			—			—
Original issue discount ⁽¹⁾		—		9,060			—			—
Issue costs paid by lender		—		1,900			—			—
Conversion to equity		—		—			(2,863	)		—
Proceeds allocated to warrants		—		(5,125	)		—			—
Recognition of warrant liability		—		—			—			5,000
Changes in fair value		142		23,630			1,735			2,880
Balance as of June 30, 2021	$	21,769	$	213,504		$	—		$	7,880

	Related Party Notes Payable at Fair Value		Notes Payable at Fair Value			Put Option			The9 Conditional Obligation
Balance as of December 31, 2018	$	—	$	—		$	43,239		$	—
Proceeds		18,112		42,117			—			5,000
Changes in fair value		3,410		11,773			—			—
Settlements/expiration		—		(21,668	)		(43,239	)		—
Balance as of December 31, 2019		21,522		32,222			—			5,000
Proceeds		—		30,000			—			—
Changes in fair value		105		8,843			—			(3,872	)
Balance as of December 31, 2020	$	21,627	$	71,065		$	—		$	1,128

Related Party Notes Payable (Tables) - FF Intelligent Mobility Global Holdings Ltd [Member]

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Schedule of Notes Payable

Note Name	Contractual Maturity Date	Contractual Interest Rates			Unpaid Balance		Fair Value Measurement Adjustments		Net Carrying Value		Interest Expense for the Three Months Ended June 30, 2021		Interest Expense for the Six Months Ended June 30, 2021
Related party note⁽¹⁾	June 30, 2021		12.00	%	$	149,674	$	—	$	149,674		1,369	$	8,486
Related party note⁽³⁾	Due on Demand		15.00	%		10,000		—		10,000		392		779
Related party notes – NPA tranche⁽²⁾	October 9, 2021		10.00	%		18,112		3,657		21,769		457		910
Related party notes –China	Due on Demand		18.00	%		9,288		—		9,288		817		1,586
Related party notes – China various other	Due on Demand		0% coupon, 10.00% imputed			5,002		—		5,002		69		183
Related party notes – China various other⁽³⁾	Due on Demand		8.99	%		1,410		—		1,410		32		63
Related party notes – Other⁽³⁾	June 30, 2021		6.99	%		4,160		—		4,160		72		144
Related party notes – Other⁽³⁾	June 30, 2021		8.00	%		6,452		—		6,452		129		256
					$	204,098	$	3,657	$	207,755	$	3,337	$	12,407

Years ended December 31,
Due on demand	$	27,578
2021		269,267
	$	296,845

Schedule of Principal Maturities

Due on demand	$	185,986
2021		18,112
	$	204,098

Schedule of Notes Payable

	December 31, 2020
Note Name	Contractual Maturity Date	Contractual Interest Rates	Unpaid Balance		Fair Value Measurement Adjustments		0% Coupon Discount			Loss (Gain) on Extinguishments			Net Carrying Value
Related party note⁽¹⁾**	June 30, 2021	12.00%	$	240,543	$	—	$	(861	)	$	204		$	239,886
Related party note⁽²⁾	Due on Demand	15.00%*		10,000		—		—			—			10,000
Related party notes – NPA tranche⁽³⁾	October 9, 2021	10.00%		18,112		3,515		—			—			21,627
Related party notes – China⁽⁴⁾	Due on Demand	18.00%*		9,196		—		—			—			9,196
Related party notes – China various other⁽⁵⁾	Due on Demand	0% coupon, 10.00% imputed		6,548		—		(190	)		(22	)		6,336
Related party notes – China various other⁽⁵⁾	Due on Demand	8.99%		1,410		—		—			(3	)		1,407
Related party notes – Other⁽⁶⁾	Due on Demand	0.00%		424		—		—			—			424
Related party notes – Other⁽⁶⁾	June 30, 2021	6.99%		4,160		—		—			(50	)		4,110
Related party notes – Other⁽⁶⁾	June 30, 2021	8.00%		6,452		—		—			(35	)		6,417
			$	296,845	$	3,515	$	(1,051	)	$	94		$	299,403

	December 31, 2019
Note Name	Contractual Maturity Date	Contractual Interest Rates	Unpaid Balance		Fair Value Measurement Adjustments		0% Coupon Discount			Net Carrying Value
Related party note⁽¹⁾**	December 31, 2020	12.00%	$	215,940	$	—	$	—		$	215,940
Related party note⁽¹⁾**	Due on Demand	0% coupon, 10.00% imputed		24,399		—		(3,557	)		20,842
Related party note⁽²⁾	Due on Demand	15.00%*		10,000		—		—			10,000
Related party notes – NPA tranche⁽³⁾	May 31, 2020	10.00%		18,112		3,410		—			21,522
Related party notes – China⁽⁴⁾	Due on Demand	18.00%*		8,601		—		—			8,601
Related party notes – China various other⁽⁵⁾	Due on Demand	0% coupon, 10.00% imputed		6,125		—		(607	)		5,518
Related party notes – Other⁽⁶⁾	December 31, 2020	6.99%		4,160		—		—			4,160
			$	287,337	$	3,410	$	(4,164	)	$	286,583

*	Rate as of December 31, 2020 and 2019, see footnotes for further discussion.

**	During 2020, these related party notes payable were restructured into one related party note payable.

(1)

Schedule of Aggregate Principal Loan

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	—	$	149,081
Accrued interest		—		19,657
Interest expense		11,959		17,889
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	—	$	66,859
Accrued interest		—		16,046
Interest expense		5,363		8,023
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

As of and for the Year Ended
December 31,

2020 2019

Outstanding principal $
—
$ 24,399

Accrued interest
—

—

Interest expense 4,073 3,476

Unrealized foreign exchange (gain) loss on principal
—
443

Unrealized foreign exchange (gain) loss on accrued interest
—

—

Principal payments
—

—

Interest payments
—

—

Proceeds
—

—

As of and for the Year Ended
December 31,

2020 2019

Outstanding principal $ 240,543 $
—

Accrued interest 64,827
—

Interest expense 10,134
—

Unrealized foreign exchange (gain) loss on principal
—

—

Unrealized foreign exchange (gain) loss on accrued interest
—

—

Principal payments
—

—

Interest payments
—

—

Proceeds
—

—

As of and for the Year Ended
December 31,

2020 2019

Outstanding principal $ 10,000 $ 10,000

Accrued interest 2,839 1,228

Interest expense 1,611 1,228

Unrealized foreign exchange (gain) loss on principal
—

—

Unrealized foreign exchange (gain) loss on accrued interest
—

—

Principal payments
—

—

Interest payments
—

—

Proceeds
—
10,000

As of and for the Year Ended
December 31,

2020 2019

Outstanding principal $ 1,650 $ 1,650

Accrued interest 134 30

Interest expense 166 30

Unrealized foreign exchange (gain) loss on principal
—

—

Unrealized foreign exchange (gain) loss on accrued interest
—

—

Principal payments
—

—

Interest payments 62
—

Proceeds
—

—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	16,462	$	16,462
Accrued interest		2,501		828
Interest expense		1,674		828
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		16,462

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	9,196	$	8,601
Accrued interest		7,646		4,542
Interest expense		2,641		2,201
Unrealized foreign exchange (gain) loss on principal		595		—
Unrealized foreign exchange (gain) loss on accrued interest		463		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	766	$	717
Accrued interest		—		—
Interest expense		72		65
Unrealized foreign exchange (gain) loss on principal		49		11
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	737	$	689
Accrued interest		—		—
Interest expense		34		31
Unrealized foreign exchange (gain) loss on principal		48		11
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	5,045	$	4,719
Accrued interest		—		—
Interest expense		310		282
Unrealized foreign exchange (gain) loss on principal		326		77
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	1,410	$	—
Accrued interest		69		—
Interest expense		111		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		42		—
Proceeds		1,410		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	4,160	$	4,160
Accrued interest		313		20
Interest expense		293		20
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		4,160

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	6,452	$	—
Accrued interest		435		—
Interest expense		435		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		1,970		—
Interest payments		—		—
Proceeds		8,422		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	424	$	—
Accrued interest		—		—
Interest expense		—		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		424		—

Schedule of Restructured

Lender	Principal
Faraday & Future (HK) Limited	$	149,081
Leview Mobile (HK) Ltd		66,859
Beijing Bairui Culture Media, Co. Ltd		24,603
Total	$	240,543

Lender Principal

CYM Tech Holdings LLC $ 240,543

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Notes Payable (Tables) - FF Intelligent Mobility Global Holdings Ltd [Member]

6 Months Ended

11 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Notes Payable (Tables) [Line Items]

Schedule of notes payable

Note Name	Contractual Maturity Date	Contractual Interest Rates			Unpaid Balance		Fair Value Measurement Adjustments		Proceeds Allocated to Warrants			Net Carrying Value		Interest Expense for the Three Months Ended June 30, 2021		Interest Expense for the Six Months Ended June 30, 2021
Note payable	Repayment in 10% increments contingent on a specified fundraising event		12.00	%	$	56,000	$	—	$	—		$	56,000	$	2,081	$	3,552
Notes payable – NPA tranche	October 6, 2021		10.00	%		27,117		5,473		—			32,590		676		1,345
Notes payable⁽¹⁾	October 6, 2021		14.00	%		55,000		11,232		—			66,232		1,920		2,574
Notes payable⁽⁷⁾	June 30, 2021		12.00	%		19,100		—		—			19,100		576		1,147
Notes payable⁽⁷⁾	June 30, 2021		1.52	%		4,400		—		—			4,400		17		33
Notes payable⁽⁷⁾	June 30, 2021		8.99	%		2,240		—		—			2,240		50		100
Notes payable⁽⁷⁾	June 30, 2021		8.00	%		300		—		—			300		6		12
Notes payable⁽²⁾	October 6, 2021		8.00	%		3,750		1,475		—			5,225		149		268
Notes payable⁽²⁾	October 6, 2021		15.75	%		5,600		2,202		—			7,802		223		282
Notes payable⁽³⁾	October 6, 2021		0.00	%		18,250		5,241		—			23,491		—		—
Notes payable⁽³⁾	December 9, 2022		0.00	%		20,000		649		(2,563	)		18,086		—		—
Notes payable⁽³⁾	December 9, 2022		0.00	%		20,000		648		(2,562	)		18,086		—		—
Note payable⁽⁴⁾	March 9, 2022		0.00	%		15,667		4,499		—			20,166		—		—
Note payable⁽⁵⁾	October 6, 2021		12.75	%		15,666		6,160		—			21,826		792		1,197
Notes payable – China various other	Various Dates 2021		6.00	%		4,917		—		—			4,917		74		146
Notes payable – China various other	Due on Demand		9.00	%		3,715		—		—			3,715		169		335
Notes payable – China various other⁽⁶⁾	Due on Demand		0.00	%		5,387		—		—			5,387		—		6
Notes payable – various other notes⁽⁷⁾	June 30, 2021		6.99	%		1,260		—		—			1,260		22		44
Notes payable – various other notes⁽⁷⁾	Due on Demand		8.99	%		500		—		—			500		11		22
Notes payable – various other notes⁽⁷⁾	June 30, 2021		2.86	%		1,500		—		—			1,500		11		21
Notes payable⁽⁷⁾	June 30, 2021		8.00	%		11,635		—		—			11,635		232		462
Notes payable	April 17, 2022		1.00	%		9,168		—		—			9,168		22		45
					$	301,172	$	37,579	$	(5,125	)	$	333,626	$	7,031	$	11,591

(1)

(2)

(3)

(4)

(5)

(6)

On January 15, 2021, the Company borrowed $102 from a Chinese lender. The unsecured note payable is payable on demand and does not have a stated interest rate.

(7)

	December 31, 2020
Note Name	Contractual Maturity Date	Contractual Interest Rates			Unpaid Balance		Fair Value Measurement Adjustments		Gain on Extinguishments			Net Carrying Value
Note payable⁽¹⁾	Repayment in 10% increments contingent on a specified fundraising event		12.00	%	$	57,293	$	—	$	—		$	57,293
Notes payable – NPA tranche⁽²⁾	October 6, 2021		10.00	%		27,118		5,263		—			32,381
Notes payable⁽³⁾	June 30, 2021		12.00	%		19,100		—		—			19,100
Notes payable⁽⁴⁾	June 30, 2021		1.52	%		4,400		—		(102	)		4,298
Notes payable⁽⁴⁾	June 30, 2021		8.99	%		2,240		—		(5	)		2,235
Notes payable⁽⁴⁾	June 30, 2021		8.00	%		300		—		(1	)		299
Notes payable – China various other⁽⁵⁾	Various Dates 2021		6.00	%		4,869		—		(62	)		4,807
Notes payable – China various other⁽⁵⁾	Due on Demand		9.00	%		3,677		—		(18	)		3,659
Notes payable – China various other⁽⁵⁾	Due on Demand		0.00	%		4,597		—		—			4,597
Notes payable – various other notes⁽⁶⁾	June 30, 2021		6.99	%		1,380		—		(10	)		1,370
Notes payable – various other notes⁽⁶⁾	Due on Demand		8.99	%		380		—		(1	)		379
Notes payable – various other notes⁽⁷⁾	June 30, 2021		2.86	%		1,500		—		(29	)		1,471
Note payable⁽⁸⁾	March 9, 2021		0.00	%		15,000		2,712		—			17,712
Note payable⁽⁹⁾	October 6, 2021		12.75	%		15,000		5,972		—			20,972
Notes payable⁽¹⁰⁾	June 30, 2021		8.00	%		11,635		—		(57	)		11,578
Notes payable⁽¹¹⁾	April 17, 2022		1.00	%		9,168		—		—			9,168
					$	177,657	$	13,947	$	(285	)	$	191,319

	December 31, 2019
Note Name	Contractual Maturity Date	Contractual Interest Rates			Unpaid Balance		Fair Value Measurement Adjustments		Net Carrying Value
Note payable⁽¹⁾	Repayment in 10% increments contingent on a specified fundraising event		12.00	%	$	53,185	$	—	$	53,185
Notes payable – NPA tranche⁽²⁾	May 31 2020		10.00	%		26,218		4,935		31,153
Notes payable – NPA tranche⁽²⁾	March 6, 2020		10.00	%		900		169		1,069
Notes payable⁽³⁾	December 31, 2019		12.00	%		12,100		—		12,100
Notes payable⁽³⁾	Due on Demand		12.00	%		7,000		—		7,000
Notes payable⁽⁴⁾	December 31, 2019		1.52	%		4,400		—		4,400
Notes payable⁽⁴⁾	July 1, 2020		8.99	%		2,240		—		2,240
Notes payable – China various other⁽⁵⁾	Due on Demand		9.00	%		3,440		—		3,440
Notes payable – China various other⁽⁵⁾	Various Dates 2020		6.00	%		3,155		—		3,155
Notes payable – China various other⁽⁵⁾	Due on Demand		0.00	%		4,300		—		4,300
Notes payable – various other notes⁽⁶⁾	Repayment upon new equity or debt financing in an aggregate amount exceeding $50,000		8.99	%		500		—		500
Notes payable – various other notes⁽⁶⁾	Due on Demand		6.99	%		180		—		180
Notes payable – various other notes⁽⁶⁾	June 3, 2020		6.99	%		2,700		—		2,700
Notes payable – various other notes⁽⁷⁾	December 31, 2019		2.86	%		1,500		—		1,500
					$	121,818	$	5,104	$	126,922

(1)

(2)

The Company issued 10% interest notes with various third parties through the NPA:

(3)

The Company issued the following notes with an interest rate of 12.00% per annum.

(4)

The Company issued the following notes with a third party.

(5)

The Company issued notes with various third parties through its operations in China.

(6)

The Company issued the following notes with a third party.

(7)

(8)

(9)

(10)

(11)

Schedule of fair value of financial instruments

	June 30, 2021
Outstanding principal	$	55,000
Accrued interest		654
Interest expense		654
Original issue discount		3,490
Debt issuance costs recorded in interest expense		315
Principal payments		—
Interest payments		—
Net proceeds	$	51,510

	June 30, 2021
Outstanding principal	$	9,350
Accrued interest		—
Interest expense		177
Original issue discount		1,132
Debt issuance costs recorded in interest expense		1,502
Principal payments		—
Interest payments		177
Net proceeds	$	8,218

	June 30, 2021
January 13 and March 12, 2021 Notes:
Outstanding principal	$	18,250
Accrued interest		—
Interest expense		—
Original issue discount		1,460
Debt issuance costs recorded in interest expense		480
Principal payments		—
Interest payments		—
Net proceeds	$	16,310

	June 30, 2021
June 9, 2021 Note 1:
Outstanding principal	$	20,000
Accrued interest		—
Interest expense		—
Original issue discount		1,600
Debt issuance costs recorded in interest expense		197
Principal payments		—
Interest payments		—
Net proceeds	$	18,203

	June 30, 2021
June 9, 2021 Note 2:
Outstanding principal	$	20,000
Accrued interest		—
Interest expense		—
Original issue discount		2,600
Debt issuance costs recorded in interest expense		—
Principal payments		—
Interest payments		—
Net proceeds	$	17,400

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	57,293	$	53,185
Accrued interest		13,769		6,382
Interest expense		7,387		6,382
Unrealized foreign exchange (gain) loss on principal		4,108		(994	)
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	8,581	$	8,581
Accrued interest		1,418		557
Interest expense		861		557
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		3,000
Interest payments		—		—
Proceeds		—		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	17,637	$	17,637
Accrued interest		2,637		879
Interest expense		1,768		879
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		17,637

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	900	$	900
Accrued interest		143		42
Interest expense		90		42
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		900

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	10,600	$	10,600
Accrued interest		2,547		1,272
Interest expense		1,275		1,272
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		600
Proceeds		—		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	1,500	$	1,500
Accrued interest		587		204
Interest expense		203		204
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	7,000	$	7,000
Accrued interest		1,682		840
Interest expense		842		840
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	4,400	$	4,400
Accrued interest		314		230
Interest expense		84		50
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	2,240	$	2,240
Accrued interest		202		17
Interest expense		185		17
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		2,240

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	300	$	—
Accrued interest		23		—
Interest expense		23		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		300		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	3,677	$	3,440
Accrued interest		2,314		1,535
Interest expense		637		635
Unrealized foreign exchange (gain) loss on principal		237		(56	)
Unrealized foreign exchange (gain) loss on accrued interest		142		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	4,140	$	3,155
Accrued interest		569		299
Interest expense		235		303
Unrealized foreign exchange (gain) loss on principal		219		(1	)
Unrealized foreign exchange (gain) loss on accrued interest		35		—
Realized foreign exchange (gain) on principal		—		(205	)
Principal Payments		—		8,155
Interest Payments		—		—
Proceeds		766		11,515

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	4,597	$	4,300
Accrued interest		—		—
Interest expense		—		—
Unrealized foreign exchange (gain) loss on principal		297		(71	)
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	729	$	—
Accrued interest		19		—
Interest expense		19		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		32		—
Interest payments		—		—
Proceeds		761		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	380	$	500
Accrued interest		99		54
Interest expense		45		54
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		120		1,000
Interest payments		—		—
Proceeds		—		1,500

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	—	$	—
Accrued interest		4		4
Interest expense		—		4
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		3,600
Interest payments		—		—
Proceeds		—		3,600

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	180	$	180
Accrued interest		10		4
Interest expense		6		4
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		180

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	1,200	$	2,700
Accrued interest		192		26
Interest expense		171		26
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		1,500		—
Interest payments		5		—
Proceeds		—		2,700

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	1,500	$	1,500
Accrued interest		95		52
Interest expense		43		43
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	—	$	—
Accrued interest		—		—
Interest expense		—		565
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		17,000
Interest payments		—		565
Proceeds		—		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	—	$	—
Accrued interest		—		—
Interest expense		—		213
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		21,668
Interest payments		—		—
Proceeds		—		15,000

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	—	$	—
Accrued interest		—		—
Interest expense		—		208
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		4,200
Interest payments		—		420
Proceeds		—		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	15,000	$	—
Accrued interest		—		—
Interest expense		—		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		15,000		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	15,000	$	—
Accrued interest		—		—
Interest expense		366		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		366		—
Proceeds		15,000		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	11,635	$	—
Accrued interest		1,177		—
Interest expense		933		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		—		—

	As of and for the Year Ended December 31,
	2020		2019
Outstanding principal	$	9,168	$	—
Accrued interest		65		—
Interest expense		65		—
Unrealized foreign exchange (gain) loss on principal		—		—
Unrealized foreign exchange (gain) loss on accrued interest		—		—
Principal payments		—		—
Interest payments		—		—
Proceeds		9,168		—

Schedule of principal maturities of notes payable

Due on demand	$	50,037
2021		186,300
2022		64,835
	$	301,172

Years ended December 31,
Due on demand	$	65,949
2021		102,541
2022		9,168
	$	177,658

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Preferred and Ordinary Stock (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

FF Intelligent Mobility Global Holdings Ltd [Member]

Preferred and Ordinary Stock (Tables) [Line Items]

Schedule of authorized, issued and outstanding stock, liquidation value and carrying value

	June 30, 2021
	Authorized Shares		Issued and Outstanding Shares		Liquidation Value		Carrying Value
Redeemable Preference Stock		470,588,235		470,588,235	$	800,000	$	724,823
Class A-1 Convertible Preferred Stock		87,617,555		57,513,413		96,048		96,048
Class A-2 Convertible Preferred Stock		158,479,868		19,546,600		38,311		38,311
Class A-3 Convertible Preferred Stock		1,475,147		—		—		—
Class B Convertible Preferred Stock		452,941,177		452,941,177		1,106,988		697,643
Class A Ordinary Stock		665,209,680		64,224,007		—		—
Class B Ordinary Stock		180,000,000		150,052,834		—		1
		2,016,311,662		1,214,866,266	$	2,041,347	$	1,556,826

	December 31, 2020
	Authorized Shares		Issued and Outstanding Shares		Liquidation Value		Carrying Value
Redeemable Preference Stock		470,588,235		470,588,235	$	800,000	$	724,823
Class B Convertible Preferred Stock		600,000,000		452,941,177		1,106,988		697,643
Class A Ordinary Stock		400,000,000		41,234,448		—		—
Class B Ordinary Stock		180,000,000		147,058,823		—		1
		1,650,588,235		1,111,822,683	$	1,906,988	$	1,422,467

	December 31, 2020
	Authorized Shares		Issued and Outstanding Shares		Liquidation Value		Carrying Value
Redeemable Preference Stock		470,588,235		470,588,235	$	800,000	$	724,823
Class B Preferred Stock		600,000,000		452,941,177		1,106,988		697,643
Class A Ordinary Stock		400,000,000		41,234,448		—		—
Class B Ordinary Stock		180,000,000		147,058,823		—		1
		1,650,588,235		1,111,822,683	$	1,906,988	$	1,422,467

	December 31, 2019
	Authorized Shares		Issued and Outstanding Shares		Liquidation Value		Carrying Value
Redeemable Preference Stock		470,588,235		470,588,235	$	800,000	$	724,823
Class B Preferred Stock		600,000,000		600,000,000		1,466,400		924,149
Class A Ordinary Stock		400,000,000		40,879,124		—		—
Class B Ordinary Stock		100,000,000		—		—		—
Class C Preferred Stock		1,715,186		—		—		—
		1,572,303,421		1,111,467,359	$	2,266,400	$	1,648,972

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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+ Details

Stock-Based Compensation (Tables) - FF Intelligent Mobility Global Holdings Ltd [Member]

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Stock-Based Compensation (Tables) [Line Items]

Schedule of stock option activity

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding as of December 31, 2020		215,769,994		$	0.35		8.75	$	885
Granted		26,831,376			0.58
Exercised		(18,871,140	)		0.32
Cancelled/forfeited		(3,452,693	)		0.35
Outstanding as of June 30, 2021		220,277,537		$	0.38		8.46	$	263,084

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding as of December 31, 2020		45,932,116		$	0.35		9.26	$	1,174
Granted		30,043,068			0.97		—		—
Exercised		(4,377,118	)		0.36		—		—
Cancelled/forfeited		(5,880,833	)		0.36		—		—
Outstanding as of June 30, 2021		65,717,233		$	0.63		7.54	$	27,294

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding as of December 31, 2019		151,330,989		$	0.35		8.86	$	2,197
Granted		96,012,077			0.34
Exercised		(383,994	)		0.34				13
Expired/forfeited		(31,189,078	)		0.32
Outstanding as of December 31, 2020		215,769,994		$	0.35		8.75	$	885

Exercisable as of December 31, 2020		67,772,996		$	0.35		7.88	$	796
Vested and expected to vest as of December 31, 2020		167,962,999		$	0.35		8.59	$	944

	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding as of December 31, 2019		7,485,000	$	0.36		9.46		—
Granted		38,447,116	$	0.35		—		—
Exercised		—		—		—		—
Expired/Forfeited		—		—		—		—
Outstanding as of December 31, 2020		45,932,116	$	0.35		9.26	$	1,174

Exercisable as of December 31, 2020		35,932,116	$	0.35		9.26	$	910
Vested and expected to vest as of December 31, 2020		45,013,474	$	0.35		9.26	$	1,168

Schedule of weighted-average assumptions

	June 30, 2021
Risk-free interest rate:		0.22	%
Expected term (in years):		2.89
Expected volatility:		49.24	%
Dividend yield:		0.00	%
Grant date fair value per share:	$	0.58

	June 30, 2021
Risk-free interest rate:		1.31	%
Expected term (in years):		10
Expected volatility:		40.22	%
Dividend yield:		0.00	%
Grant date fair value per share:	$	0.60

	2020			2019
Risk-free interest rate:		0.45	%		2.10	%
Expected term (in years):		6.13			5.90
Expected volatility:		37.25	%		31.30	%
Dividend yield:		0.00	%		0.00	%
Grant date fair value per share:	$	0.12		$	0.12

	2020			2019
Risk-free interest rate:		0.59	%		2.20	%
Expected term (in years):		10			10
Expected volatility:		38.42	%		36.00	%
Dividend yield:		0.00	%		0.00	%
Grant date fair value per share:	$	0.15		$	0.18

Schedule of stock-based compensation expense

	Three Months Ended June 30,
	2021			2020
Research and development	$	1,070		$	495
Sales and marketing		306			193
General and administrative		(428	)		2,203
	$	948		$	2,891

	Six Months Ended June 30,
	2021		2020
Research and development	$	1,660	$	637
Sales and marketing		505		248
General and administrative		1,302		2,771
	$	3,467	$	3,656

	2020		2019
Research and development	$	941	$	818
Sales and marketing		387		311
General and administrative		8,177		3,481
	$	9,505	$	4,610

Net Loss per Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Schedule of anti-dilutive shares excluded from calculation of diluted net loss per share

	June 30, 2021		June 30, 2020
Stock-based compensation awards – employees		220,277,537		148,997,109
Stock-based compensation awards – non-employees		65,717,233		37,607,667
Warrants		10,198,958		—
Redeemable Preference Stock		470,588,235		470,588,235
Class A-1 Convertible Preferred Stock		57,513,413		—
Class A-2 Convertible Preferred Stock		19,546,600		—
Class B Convertible Preferred Stock		452,941,177		452,941,177
Convertible related party notes payable and convertible notes payable		168,913,222		—
Total		1,465,696,375		1,110,134,188

Summary of Significant Accounting Policies (Tables)

6 Months Ended

11 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Summary of Significant Accounting Policies (Tables) [Line Items]

Schedule of diluted net loss per share

	Three Months Ended June 30,					Six Months Ended June 30,			For the period from February 11, 2020 (inception) through June 30,
	2021			2020		2021			2020
Common stock subject to possible redemption
Numerator: Earnings allocable to Common stock subject to possible redemption
Interest earned on marketable securities held in Trust Account
Less: interest available to be withdrawn for payment of taxes	$	7,694		$	—	$	36,466		$	—
Company’s portion available to pay taxes		(7,694	)		—		(36,466	)		—
Net income allocable to Common stock subject to possible redemption	$	—		$	—	$	—		$	—

Denominator: Weighted Average Common stock subject to possible redemption
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption		22,103,036			—		22,195,523			—
Basic and diluted net income per share, Common stock subject to possible redemption	$	(0.00	)	$	—	$	(0.00	)	$	—

Non-Redeemable Common Stock
Numerator: Net Loss minus Net Earnings
Net Loss	$	(5,726,988	)	$	—	$	(7,544,047	)	$	(1,000	)
Non-Redeemable Net Loss	$	(5,726,988	)	$	—	$	(7,544,047	)	$	(1,000	)

Denominator: Weighted Average Non-Redeemable Common Stock
Basic and diluted weighted average shares outstanding, Non-redeemable common stock		7,413,475			5,200,000		7,320,988			5,200,000
Basic and diluted net loss per share, Non-redeemable common stock	$	(0.77	)	$	—	$	(1.03	)	$	—

	For the Period from February 11, 2020 (Inception) Through December 31, 2020
Common stock subject to possible redemption
Numerator: Earnings allocable to Common stock subject to possible redemption
Interest earned on marketable securities held in Trust Account	$	97,270
Unrealized gain on marketable securities held in Trust Account		8,569
Less: interest available to be withdrawn for payment of taxes		(105,839	)
Less: interest available to be withdrawn for working capital		—
Net income allocable to Common stock subject to possible redemption	$	—
Denominator: Weighted Average Common stock subject to possible redemption
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption		21,779,604
Basic and diluted net income per share, Common stock subject to possible redemption	$	0.00

Non-Redeemable Common Stock
Numerator: Net Loss minus Net Earnings
Net loss	$	(2,585,377	)
Less: Net income allocable to Common stock subject to possible redemption		—
Non-Redeemable Net Loss	$	(2,585,377	)
Denominator: Weighted Average Non-redeemable common stock
Basic and diluted weighted average shares outstanding, Non-redeemable common stock		6,452,794
Basic and diluted net loss per share, Non-redeemable common stock	$	(0.40	)

FF Intelligent Mobility Global Holdings Ltd [Member]

Summary of Significant Accounting Policies (Tables) [Line Items]

Schedule of diluted net loss per share

	2019
Cash	$	843
Restricted cash		493
Deposits		118
Other current assets		2,001
Property and equipment, net		2,713
Other non-current assets		23
Accounts payable		3,996
Accrued expenses and other current liabilities		16,504
Accrued interest		1,554
Related party notes payable		8,601
Notes payable		7,758

Schedule of revisions

	As Previously Reported			Adjustments			As Revised
Consolidated Balance Sheet
Accounts payable	$	79,385		$	(10,737	)	$	68,648
Vendor payables in trust		105,163			10,737			115,900
Additional paid-in capital		153,151			5,553			158,704
Accumulated deficit		(2,235,452	)		(8,602	)		(2,244,054	)
Noncontrolling interest		(3,049	)		3,049			—
Total stockholders’ deficit		(2,085,585	)		(3,049	)		(2,088,634	)
Consolidated Statement of Convertible Preferred Stock and Stockholders’ Deficit
Additional paid-in capital	$	153,151		$	5,553		$	158,704
Accumulated deficit		(2,235,452	)		(8,602	)		(2,244,054	)
Noncontrolling interest		(3,049	)		3,049			—
Total stockholders’ deficit		(2,085,585	)		(3,049	)		(2,088,634	)
Consolidated Statement of Operations and Comprehensive Loss
Net (loss) income attributable to noncontrolling interest	$	(7,605	)	$	8,602		$	997
Net loss attributable to FF Intelligent Mobility Global Holdings Ltd.		(134,590	)		(8,602	)		(143,192	)
Per share information attributable to FF Intelligent Mobility Global Holdings Ltd. – Net loss per ordinary share basic and diluted		(3.31	)		(0.21	)		(3.52	)
Total other comprehensive (loss) income attributable to noncontrolling interest		(7,605	)		8,602			997
Total other comprehensive loss attributable to FF Intelligent Mobility Global Holdings Ltd.		(137,123	)		(8,602	)		(145,725	)
Consolidated Statement of Cash Flows
Transfer of payables to Vendor Trust	$	(105,163	)	$	(10,737	)	$	(115,900	)
Accounts payable		42,031			6,198			48,229
Accrued expenses and other current liabilities.		(24,881	)		(275	)		(25,156	)
Cash flows used in operating activities		(184,981	)		(4,814	)		(189,795	)
Payments for equipment		(4,935	)		2,679			(2,256	)
Cash flows provided by investing activities		24,227			2,679			26,906
Distribution to acquire noncontrolling interest		—			(8,602	)		(8,602	)
Transfer of payables to Vendor Trust		105,163			10,737			115,900
Cash flows provided by financing activities		160,482			2,135			162,617
Supplemental disclosure of noncash investing and financing activities
Extinguishment of noncontrolling interest		—			3,049			3,049

Schedule of depreciation and amortization on property and equipment

			Useful Life (in years)
Buildings			39
Building improvements			15
Computer hardware			5
Machinery and equipment			5
Vehicles			5
Computer software			3
Leasehold improvements			Shorter of 15 years or term of the lease

Schedule of diluted net loss per share

	2020		2019
Stock-based compensation awards – employees		215,769,994		151,330,989
Stock-based compensation awards – non-employees		45,932,116		7,485,000
Class A Ordinary Stock – warrant		1,930,147		—
Redeemable Preference Stock		470,588,235		470,588,235
Class B Convertible Preferred Stock		452,941,177		600,000,000
Total		1,187,161,669		1,229,404,224

Deposits and Other Current Assets (Tables)

12 Months Ended

Dec. 31, 2020

FF Intelligent Mobility Global Holdings Ltd [Member]

Deposits and Other Current Assets (Tables) [Line Items]

Schedule of deposits and other current assets

	2020		2019
Deposits
Deposits for tooling and equipment	$	3,308	$	3,385
Other deposits		3,104		1,779
Total deposits	$	6,412	$	5,164

Other current assets
Notes receivable	$	40	$	3,640
Due from affiliate		2,034		2,715
Prepaid expenses		762		961
Other current assets		3,364		3,199
Total other current assets	$	6,200	$	10,515

Commitments and Contingencies (Tables) - FF Intelligent Mobility Global Holdings Ltd [Member]

12 Months Ended

Dec. 31, 2020

Commitments and Contingencies (Tables) [Line Items]

Schedule of minimum aggregate future obligations under noncancelable operating leases

Year ended December 31,
2021	$	525
	$	525

Schedule of minimum aggregate future minimum lease payments under capital leases

Years ended December 31,
2021	$	4,395
2022		3,041
2023		2,166
2024		1,757
2025		1,792
Thereafter		3,692
	$	16,843

Income Taxes (Tables)

11 Months Ended

12 Months Ended

Dec. 31, 2020

Income Taxes (Tables) [Line Items]

Schedule of provision for income tax

	For the period from February 11, 2020 (inception) through December 31, 2020
Federal
Current	$	—
Deferred		(542,420	)

State and Local
Current		—
Deferred		—

Change in valuation allowance		542,420
Income tax provision	$	—

Schedule of provision for income taxes

	December 31, 2020
Statutory federal income tax rate		21.0	%
Valuation allowance		(21.0	)%
Income tax provision		0.0	%

Schedule of deferred tax assets and deferred tax liabilities

	December 31, 2020
Deferred tax assets (liabilities)
Net operating loss carryforward	$	129,221
Startup and organizational expenses		436,047
Unrealized gain on marketable securities		(22,848	)
Total deferred tax assets		542,420
Valuation Allowance		(542,420	)
Deferred tax assets, net valuation allowance	$	—

FF Intelligent Mobility Global Holdings Ltd [Member]

Income Taxes (Tables) [Line Items]

Schedule of provision for income tax

	2020			2019
Current:
Federal	$	—		$	—
State		3			3
Foreign		—			—
Total current		3			3

Deferred:
Federal		(11,456	)		(19,855	)
State		—			—
Foreign		(2,044	)		(1,418	)
Valuation allowance		13,500			21,273
Total deferred		—			—
Total provision	$	3		$	3

Schedule of provision for income taxes

	2020			2019
U.S.	$	(79,605	)	$	(112,197	)
Foreign		(67,480	)		(29,998	)
Total	$	(147,085	)	$	(142,195	)

Schedule of provision for income taxes

	2020			2019
Federal income tax expense		21.0	%		21.0	%
State income taxes (net of federal benefit)		0.0	%		0.0	%
Permanent differences		(4.6	)%		(2.8	)%
Foreign tax rate difference		(6.7	)%		(2.1	)%
Return-to-provision adjustment		0.4	%		(1.1	)%
Expiration of tax attributes		(1.0	)%		—
Valuation allowance		(9.1	)%		(15.0	)%
Effective tax rate		0.0	%		0.0	%

Schedule of deferred tax assets and deferred tax liabilities

	2020			2019
Deferred Tax Assets:
Net operating losses (“NOL”)	$	123,633		$	114,990
Research and development credits		7,921			7,921
Accrued liabilities		7,564			5,164
Construction in progress		3,061			3,061
Excess interest expense under section 163(j)		3,670			2,295
Capital loss		2,407			2,407
Stock-based compensation		428			—
Other		296			174
Gross deferred tax assets		148,980			136,012
Valuation allowance		(148,546	)		(135,046	)
Deferred tax assets, net of valuation allowance		434			966
Deferred Tax Liabilities:
Depreciation		454			(79	)
State taxes		(888	)		(887	)
Total deferred tax liabilities		(434	)		(966	)
Total net deferred tax assets (liabilities)	$	—		$	—

Schedule of unrecognized tax benefits

	2020		2019
Beginning balance	$	2,598	$	—
Increase related to current year tax positions		68		2,598
Ending balance	$	2,666	$	2,598

Restatement of Previously Issued Financial Statements (Tables)

11 Months Ended

Dec. 31, 2020

Restatement Of Previously Issued Financial Statements [Abstract]

Schedule of balance sheet and operation

	As Previously Reported			Adjustments			As Restated
Balance Sheet as of:
July 24, 2020 (audited)
Warrant liability	$	—		$	154,583		$	154,583
Total Liabilities		—			154,583			154,583
Common Stock Subject to Possible Redemption		225,628,970			(154,583	)		225,474,387
Common Stock		696			1			697
Additional Paid-in Capital		5,000,314			352			5,000,666
Accumulated deficit		(1,000	)		(353	)		(1,353	)
Total Shareholders’ Equity		5,000,010			—			5,000,010

Number of shares subject to redemptions		22,562,897			(15,458	)		22,547,439

	As Previously Reported			Adjustments			As Restated
September 30, 2020 (unaudited)
Warrant liability	$	—		$	219,984		$	219,984
Total Liabilities		51,267			219,984			271,251
Common Stock Subject to Possible Redemption		225,527,000			(219,984	)		225,307,016
Common Stock		696			2			698
Additional Paid-in Capital		5,102,284			65,752			5,168,036
Accumulated deficit		(102,977	)		(65,754	)		(168,731	)
Total Shareholders’ Equity		5,000,003			—			5,000,003

Number of shares subject to redemptions		22,552,700			(21,998	)		22,530,702

December 31, 2020 (audited)
Warrant liability	$	—		$	630,224		$	630,224
Total Liabilities		2,041,838			630,224			2,672,062
Common Stock Subject to Possible Redemption		223,520,590			(630,220	)		222,890,370
Common Stock		716			7			723
Additional Paid-in Capital		7,108,674			475,983			7,584,657
Accumulated deficit		(2,109,383	)		(475,994	)		(2,585,377	)
Total Shareholders’ Equity		5,000,007			(4	)		5,000,003

Number of shares subject to redemptions		22,352,059			(63,022	)		22,289,037

Statement of Operations for the:
Three Months Ended September 30, 2020 (unaudited)
Net loss	$	(101,977	)	$	(65,754	)	$	(167,731	)
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption		22,552,700			—			22,552,700
Basic and diluted net income per share, Common stock subject to possible redemption		0.00			0.00			0.00
Basic and diluted weighted average shares outstanding, Non-redeemable common stock		6,496,149						6,496,149
Basic and diluted net loss per share, Non-redeemable common stock		(0.02	)		(0.01	)		(0.03	)

Period from February 11, 2020 (inception) to September 30, 2020 (unaudited)
Allocation of initial public offering costs	$	—		$	(353	)	$	(353	)
Change in fair value of warrant liability		—			(65,401	)		(65,401	)
Net loss		(102,977	)		(65,754	)		(168,731	)
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption		—			22,552,700			22,552,700
Basic and diluted net income per share, Common stock subject to possible redemption		—			0.00			0.00
Basic and diluted weighted average shares outstanding, Non-redeemable common stock		5,713,990			—			5,713,990
Basic and diluted net loss per share, Non-redeemable common stock		(0.02	)		(0.01	)	$	(0.03	)

Schedule of casf flow and equity

	As Previously Reported			Adjustments			As Restated
Period from February 11, 2020 (inception) to December 31, 2020 (audited)
Allocation of initial public offering costs	$	—		$	(353	)	$	(353	)
Change in fair value of warrant liability		—			(475,641	)		(475,641	)
Net loss		(2,109,383	)		(475,994	)		(2,585,377	)
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption		22,557,034			(777,430	)		21,779,604
Basic and diluted net income per share, Common stock subject to possible redemption		—			0.00			0.00
Basic and diluted weighted average shares outstanding, Non-redeemable common stock		6,068,878			383,916			6,452,794
Basic and diluted net loss per share, Non-redeemable common stock		(0.35	)		(0.05	)		(0.40	)

Statement of Changes in Stockholder’s Equity for the:
Three Months Ended September 30, 2020 (unaudited)
Sale of 594,551 Private Units	$	5,945,510		$	(154,230	)	$	5,791,280
Common stock subject to possible redemption		(225,527,000	)		219,990			(225,307,010	)
Net loss		(101,977	)		(65,754	)		(167,731	)

Period from February 11, 2020 (inception) to September 30, 2020 (unaudited)
Sale of 594,551 Private Units	$	5,945,510		$	(154,230	)	$	5,791,280
Common stock subject to possible redemption		(225,527,000	)		219,990			(225,307,010	)
Net loss		(102,977	)		(65,754	)		(168,731	)

Period from February 11, 2020 (inception) to December 31, 2020 (audited)
Sale of 594,551 Private Units	$	5,945,510		$	(154,230	)	$	5,791,280
Common stock subject to possible redemption		(223,520,590	)		630,220			(222,890,370	)
Net loss		(2,109,383	)		(475,994	)		(2,585,377	)

Statement of Cash Flows for the:
Period from February 11, 2020 (inception) to September 30, 2020 (unaudited)
Net loss	$	(102,977	)	$	(65,754	)	$	(168,731	)
Change in fair value of warrant liability		—			65,401			65,401
Transaction costs incurred in connection with IPO		—			353			353

Period from February 11, 2020 (inception) to December 31, 2020 (audited)
Net loss	$	(2,109,383	)	$	(475,994	)	$	(2,585,377	)
Change in fair value of warrant liability		—			475,641			475,641
Transaction costs incurred in connection with IPO		—			353			353

Nature of Business and Organization and Basis of Presentation (Details) - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended	6 Months Ended
	Jul. 21, 2021	Jun. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jan. 31, 2021
Nature of Business and Organization and Basis of Presentation (Details) [Line Items]
Merger-related costs capitalized in the period		$ 1,736	$ 4,600
Merger-related costs capitalized to date			$ 7,865
Exchange ratio			0.14130
Aggregate shares able to be purchased from warrants issued (in Shares)		19,016,865	19,016,865	2,167,254	270,200
Number of shares purchased (in Shares)			76,140,000
Purchase price (in Dollars per share)		$ 10	$ 10
Aggregate purchase price			$ 761,400
PSAC [Member] \| Subsequent Event [Member]
Nature of Business and Organization and Basis of Presentation (Details) [Line Items]
Cash raised	$ 229,653
Redemption of shares	$ 206
Common Class A [Member]
Nature of Business and Organization and Basis of Presentation (Details) [Line Items]
Aggregate shares able to be purchased from warrants issued (in Shares)		44,880,595	44,880,595
US-Based Investment Firm Warrants [Member]
Nature of Business and Organization and Basis of Presentation (Details) [Line Items]
Aggregate shares able to be purchased from warrants issued (in Shares)		10,198,958	10,198,958

Liquidity and Capital Resources (Details) - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($)				1 Months Ended	2 Months Ended	12 Months Ended
	Jun. 07, 2021	Jun. 04, 2021	May 13, 2021	Jun. 30, 2021	Jul. 21, 2021	Dec. 31, 2020	Dec. 31, 2019
Liquidity and Capital Resources (Details) [Line Items]
Accumulated deficit				$ (2,519,439)		$ (2,391,139)	$ (2,244,054)
Shares issued from conversion (in Shares)						25,000,000
Accumulated deficit						$ 2,391,139,000
Report date						$ 19,196,000
Subsequent Event [Member]
Liquidity and Capital Resources (Details) [Line Items]
Cash received from reverse recapitalization transaction					$ 991,053,000
Payments to active and former employees					9,592,000
Payments to other vendors					17,466,000
Principal amounts converted or repaid					116,518,000
Related party notes payable [Member] \| Affiliated Entity [Member]
Liquidity and Capital Resources (Details) [Line Items]
Principal amounts in default				147,093,000
Related party notes payable [Member] \| Affiliated Entity [Member] \| Subsequent Event [Member]
Liquidity and Capital Resources (Details) [Line Items]
Payments to settle debt					31,820,000
Principal amounts converted or repaid					60,104,000
Business Acquisition [Member]
Liquidity and Capital Resources (Details) [Line Items]
Accumulated deficit				(2,519,439,000)
Class A-2 Convertible Preferred Stock [Member] \| Subsequent Event [Member]
Liquidity and Capital Resources (Details) [Line Items]
Principal amounts converted					119,191,029,000
Class A-2 Convertible Preferred Stock [Member] \| Related party notes payable [Member] \| Affiliated Entity [Member] \| Subsequent Event [Member]
Liquidity and Capital Resources (Details) [Line Items]
Principal amounts converted					$ 130,479,000
Class A-1 Convertible Preferred Stock [Member]
Liquidity and Capital Resources (Details) [Line Items]
Principal amounts converted			$ 90,869
Class A-1 Convertible Preferred Stock [Member] \| Subsequent Event [Member]
Liquidity and Capital Resources (Details) [Line Items]
Shares issued from conversion (in Shares)					15,792,771
Class A-3 Convertible Preferred Stock [Member] \| Subsequent Event [Member]
Liquidity and Capital Resources (Details) [Line Items]
Shares issued from conversion (in Shares)					1,281,976
Convertible Debt [Member]
Liquidity and Capital Resources (Details) [Line Items]
Payments to settle debt	$ 5,367,000			$ 28,355,000
Shares issued from conversion (in Shares)				10,456,642
Notes payable [Member]
Liquidity and Capital Resources (Details) [Line Items]
Principal amounts in default				$ 40,935,000
Notes payable [Member] \| Subsequent Event [Member]
Liquidity and Capital Resources (Details) [Line Items]
Payments to settle debt					$ 57,691,000
Notes payable [Member] \| Class A-2 Convertible Preferred Stock [Member] \| Subsequent Event [Member]
Liquidity and Capital Resources (Details) [Line Items]
Principal amounts converted					56,000,000
Notes payable [Member] \| Class A-1 Convertible Preferred Stock [Member] \| Subsequent Event [Member]
Liquidity and Capital Resources (Details) [Line Items]
Principal amounts converted					17,600,000
Notes payable [Member] \| Class A-3 Convertible Preferred Stock [Member] \| Subsequent Event [Member]
Liquidity and Capital Resources (Details) [Line Items]
Principal amounts converted					1,500,000
Vendor Trust [Member] \| Convertible Debt [Member]
Liquidity and Capital Resources (Details) [Line Items]
Principal amounts converted or repaid		$ 14,166,000
Vendor Trust [Member] \| Convertible Debt [Member] \| Subsequent Event [Member]
Liquidity and Capital Resources (Details) [Line Items]
Payments to settle debt					$ 28,355,000

Variable Interest Entities and Joint Ventures (Details) - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ in Thousands		1 Months Ended		6 Months Ended
	Aug. 05, 2020	Feb. 23, 2021	Sep. 30, 2020	Jun. 30, 2021	Dec. 31, 2020	May 24, 2019
Variable Interest Entities and Joint Ventures (Details) [Line Items]
Ownership percentage					50.00%
The9 Joint Venture [Member]
Variable Interest Entities and Joint Ventures (Details) [Line Items]
Conditional obligation (in Dollars)					$ 1,128	$ 5,000
The9 Limited [Member] \| The9 Joint Venture [Member]
Variable Interest Entities and Joint Ventures (Details) [Line Items]
Ownership percentage						50.00%
Class B Ordinary [Member]
Variable Interest Entities and Joint Ventures (Details) [Line Items]
Conversion of related party notes payable to Class A-1 and A-2 Preferred, and The9 Conditional Obligation (in shares) (in Shares)				2,994,011
Class B Ordinary [Member] \| The9 Joint Venture [Member]
Variable Interest Entities and Joint Ventures (Details) [Line Items]
Conversion of related party notes payable to Class A-1 and A-2 Preferred, and The9 Conditional Obligation (in shares) (in Shares)		2,944,011
LeSEE [Member]
Variable Interest Entities and Joint Ventures (Details) [Line Items]
Ownership interest transferred	99.00%
Minimum [Member] \| Tier-1 Chinese City Joint Venture [Member]
Variable Interest Entities and Joint Ventures (Details) [Line Items]
Capital expected to be received (in Dollars)			$ 500,000
LeSEE Zhile Technology Co, Ltd [Member] \| LeSEE [Member]
Variable Interest Entities and Joint Ventures (Details) [Line Items]
Ownership interest transferred	48.00%
Ownership interest	1.00%

Property and equipment, net (Details) - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Property and equipment, net (Details) [Line Items]
Decrease in construction payables			$ 5,744,000
Interest expense	$ 9,077	$ 7,281	28,933	$ 15,672	$ 34,724	$ 25,918
Depreciation expense					3,177,000	4,835,000
Amortization expense					340,000	353,000
Depreciation and amortization expense					1,193,000	311,000
Research and development expense					2,324,000	4,877,000
Building improvements					43,882,000	43,874,000
Accumulated depreciation					5,573,000	3,592,000
Loss on disposal of property and equipment					(10,000)	(4,843,000)
Land and related improvements for property						29,038,000
Land and related improvements for property total						16,900,000
Loss on disposal of asset held for sale						(12,138,000)
Minimum investment							$ 500,000,000
Terms of parcels of land							50 years
Percentage, parcel land							10.00%
Upfront payments							$ 6,440,000
Intangible assets of cost	301,172,000		301,172,000				$ 66,332,000
Intangible assets over life							50 years
Corresponding liability							$ 57,960,000
Develop land, percentage							90.00%
Amortized over useful life							50 years
Amortization expenses						735,000
Recognized amortization expense of grant liability						913,000
Derecognized land use of rights						58,485,000
Land use grant liability						51,103,000
Cash	$ 52,527	$ 3,241	52,527	3,241	1,124	2,221		$ 5,664	$ 278,866,000
Tax expense						2,947,000
Loss on cancellation of lease				$ (206)		11,467,000
Vendor Locations [Member]
Property and equipment, net (Details) [Line Items]
Constrction in process					208,899,000	206,824,000
Government of Zhejiang [Member]
Property and equipment, net (Details) [Line Items]
Cash						15,902,000
Construction in Process [Member]
Property and equipment, net (Details) [Line Items]
Constrction in process					251,633,000	247,133,000
CIP[Member]
Property and equipment, net (Details) [Line Items]
Constrction in process					42,734,000	40,309,000
Interest expense					$ 1,727,000	$ 1,997,000

Property and equipment, net (Details) - Schedule of Property and Equipment, Net - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Less: Accumulated depreciation	$ (20,490)	$ (19,067)	$ (15,890)
Total property and equipment, net	287,718	293,933	2,713
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	13,043	13,043	13,043
Building [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	21,899	21,899	21,891
Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	8,940	8,940	8,940
Computer hardware [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	4,058	4,058
Tooling, machinery, and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	5,475	5,451	5,375
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	583	583	583
Computer software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,095	7,095
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	298	298	298
Construction in Process [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 246,817	$ 251,633	$ 247,133

Accrued Expenses and Other Current Liabilities (Details) - Schedule of Accrued Expenses and Other Current Liabilities - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accrued Expenses and Other Current Liabilities (Details) - Schedule of Accrued Expenses and Other Current Liabilities [Line Items]
Accrued payroll and benefits	$ 27,039	$ 19,180
Accrued legal contingencies	12,333	5,025
Capital lease, current portion	1,926	4,396
Deferred rent, current portion		3
Tooling, machinery, and equipment received not invoiced	795	509
Deposits from customers	3,667	3,523
Due to affiliates	7,658	5,123
Other current liabilities	6,303	14,623
Total accrued expenses and other current liabilities	$ 59,721	$ 52,382

Fair Value of Financial Instruments (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	6 Months Ended	11 Months Ended
	Jun. 09, 2021	Mar. 02, 2021	Jun. 30, 2021	Dec. 31, 2019	Mar. 31, 2021	Jan. 31, 2021	Dec. 31, 2020	Oct. 31, 2019
Fair Value of Financial Instruments (Details) [Line Items]
Exercise price (in Dollars per share)			$ 2.72
Outstanding principal amount								$ 15,000
Gain on expiration of put option				$ 43,239
FF Intelligent Mobility Global Holdings Ltd [Member]
Fair Value of Financial Instruments (Details) [Line Items]
Aggregate shares able to be purchased from warrants issued (in Shares)			19,016,865		2,167,254	270,200
Exercise price (in Dollars per share)			$ 10		$ 2.71	$ 2.72
Change in fair value of related party notes payable				3,410			$ 105
Change in fair value of notes payable				11,773			$ 8,842
Outstanding principal amount				15,000
Liquidation premium amount				$ 6,668
Purchased shares (in Shares)			20,325,016
Minimum [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member] \| Series of Individually Immaterial Business Acquisitions [Member]
Fair Value of Financial Instruments (Details) [Line Items]
Aggregate consideration			$ 232,700
Maximum [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member] \| Series of Individually Immaterial Business Acquisitions [Member]
Fair Value of Financial Instruments (Details) [Line Items]
Aggregate consideration			290,900
Level 3 [Member] \| Fair Value, Recurring [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Fair Value of Financial Instruments (Details) [Line Items]
Warrant liabilities		$ 5,000	7,880
NPA Warrants [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Fair Value of Financial Instruments (Details) [Line Items]
Aggregate shares able to be purchased from warrants issued (in Shares)		2,437,454
Fair value of warrants			1,988
US-Based Investment Firm Warrants [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Fair Value of Financial Instruments (Details) [Line Items]
Aggregate shares able to be purchased from warrants issued (in Shares)	5,831,357
Fair value of warrants			$ 5,125
Exercise price (in Dollars per share)	$ 2,572.3000
Exercisable period	15 days
Measurement Input, Probability Of Transaction Closing [Member] \| Ares Warrants [Member] \| Valuation Technique, Option Pricing Model [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Fair Value of Financial Instruments (Details) [Line Items]
Warrants, measurement input	80.00%	80.00%	95.00%
Measurement Input, Probability Of Transaction Closing [Member] \| Warrants, Excluding Ares [Member] \| Valuation Technique, Option Pricing Model [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Fair Value of Financial Instruments (Details) [Line Items]
Warrants, measurement input	60.00%		75.00%
Measurement Input, Probability Of Transaction Not Closing [Member] \| Ares Warrants [Member] \| Valuation Technique, Option Pricing Model [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Fair Value of Financial Instruments (Details) [Line Items]
Warrants, measurement input		20.00%	95.00%

Fair Value of Financial Instruments (Details) - Schedule of financial assets and liabilities measured on recurring basis - Fair Value, Recurring [Member] - FF Intelligent Mobility Global Holdings Ltd [Member] - Affiliated Entity [Member] - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Level 1 [Member]
Fair Value of Financial Instruments (Details) - Schedule of financial assets and liabilities measured on recurring basis [Line Items]
Related party notes payable
Notes payable
The9 Conditional Obligation
Warrant liabilities
Level 2 [Member]
Fair Value of Financial Instruments (Details) - Schedule of financial assets and liabilities measured on recurring basis [Line Items]
Related party notes payable
Notes payable
The9 Conditional Obligation
Warrant liabilities
Level 3 [Member]
Fair Value of Financial Instruments (Details) - Schedule of financial assets and liabilities measured on recurring basis [Line Items]
Related party notes payable	21,769	21,627
Notes payable	213,504	71,064
The9 Conditional Obligation		$ 1,128
Warrant liabilities	$ 7,880

Fair Value of Financial Instruments (Details) - Summary of activity for level 3 fair value measurements - FF Intelligent Mobility Global Holdings Ltd [Member]
$ in Thousands

6 Months Ended

Jun. 30, 2021

USD ($)

Notes Payable Related Party [Member]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Beginning balance

$ 21,627

Proceeds, net of original issuance discount

Consent fees

Original issue discount

^[1]

Issue costs paid by lender

Conversion to equity

Proceeds allocated to warrants

Recognition of warrant liability

Changes in fair value

142

Ending balance

21,769

Notes Payable Excluding Related Party [Member]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Beginning balance

71,064

Proceeds, net of original issuance discount

111,641

Consent fees

1,334

Original issue discount

9,060

^[1]

Issue costs paid by lender

1,900

Conversion to equity

Proceeds allocated to warrants

(5,125)

Recognition of warrant liability

Changes in fair value

23,630

Ending balance

213,504

The9 Conditional Obligation [Member]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Beginning balance

1,128

Proceeds, net of original issuance discount

Consent fees

Original issue discount

^[1]

Issue costs paid by lender

Conversion to equity

(2,863)

Proceeds allocated to warrants

Recognition of warrant liability

Changes in fair value

1,735

Ending balance

Warrant Liability [Member]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Proceeds, net of original issuance discount

Consent fees

Original issue discount

^[1]

Issue costs paid by lender

Conversion to equity

Proceeds allocated to warrants

Recognition of warrant liability

5,000

Changes in fair value

2,880

Ending balance

$ 7,880

[1]	Included in Change in Fair Value Measurement of Related Party Notes Payable, Notes Payable, and Warrant Liabilities on the Condensed Consolidated Statements of Operations and Comprehensive Loss.

Related Party Notes Payable (Details) - USD ($)								1 Months Ended																		3 Months Ended		6 Months Ended		11 Months Ended		12 Months Ended
Related Party Notes Payable (Details) - USD ($)	Jul. 21, 2021	Jun. 07, 2021	May 13, 2021	May 13, 2021	Apr. 09, 2021	Feb. 12, 2020	Feb. 06, 2019	Jul. 18, 2021	Feb. 28, 2021	Sep. 30, 2020	Aug. 31, 2020	Jul. 24, 2020	Jul. 21, 2020	Feb. 28, 2020	Jan. 31, 2020	Nov. 30, 2019	Jul. 31, 2019	May 30, 2019	Apr. 29, 2019	Feb. 28, 2019	Jan. 28, 2019	Dec. 31, 2018	Nov. 30, 2018	Mar. 30, 2018	Apr. 30, 2017	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Feb. 14, 2020	Jun. 27, 2018	Dec. 31, 2016
Related Party Notes Payable (Details) [Line Items]
Principal amounts converted	$ 130,479,000
Payments of related party notes payable																														$ 75,000
Founder shares, description																												As a result of the underwriters’ election to partially exercise their over-allotment option on July 31, 2020 and the expiration of the remaining over-allotment option, 5,608 Founder Shares were forfeited and 744,392 Founder’s Shares are no longer subject to forfeiture, resulting in there being 5,744,392 Founder Shares issued and outstanding.		As a result of the underwriters’ election to partially exercise their over-allotment option on July 31, 2020 and the expiration of the remaining over-allotment option, 5,608 Founder Shares were forfeited and 744,392 Founder’s Shares are no longer subject to forfeiture, resulting in there being 5,744,392 Founder Shares issued and outstanding.
Limitation to founder shares, description																												The Sponsor has agreed, subject to certain limited exceptions, not to transfer, assign or sell any of the Founder Shares until (1) with respect to 50% of the Founder Shares, the earlier of one year after the completion of a Business Combination and the date on which the closing price of the common stock equals or exceeds $12.50 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing after a Business Combination and (2) with respect to the remaining 50% of the Founder Shares, one year after the completion of a Business Combination, or earlier, in either case, if, subsequent to a Business Combination, the Company completes a liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange their shares of common stock for cash, securities or other property.		The Sponsor has agreed, subject to certain limited exceptions, not to transfer, assign or sell any of the Founder Shares until (1) with respect to 50% of the Founder Shares, the earlier of one year after the completion of a Business Combination and the date on which the closing price of the common stock equals or exceeds $12.50 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing after a Business Combination and (2) with respect to the remaining 50% of the Founder Shares, one year after the completion of a Business Combination, or earlier, in either case, if, subsequent to a Business Combination, the Company completes a liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange their shares of common stock for cash, securities or other property.
Advances to related party																										$ 75,000		$ 75,000
Repaid outstanding advances												$ 75,000
Aggregate principal amount		$ 200,000																																$ 150,000
Outstanding balance amount		200,000										133,000
Administrative services fee																										30,000		60,000		$ 50,000
Working capital loans												$ 1,500,000																$ 1,500,000
Bussiness combination per share price (in Dollars per share)												$ 10.00																$ 10.00
Convertible promissory note, description									the Company entered into a convertible promissory note with the Sponsor pursuant to which the Sponsor agreed to loan the Company up to an aggregate principal amount of $500,000 (the “Note”). The Note is non-interest bearing and due on the date on which the Company consummates a Business Combination. If the Company does not consummate a Business Combination, the Company may use a portion of any funds held outside the Trust Account to repay the Note; however, no proceeds from the Trust Account may be used for such repayment. Up to $500,000 of the Note may be converted into Class A common stock at a price of $10.00 per common stock at the option of the Sponsor. As of the date of these financial statements, there is a $500,000 balance outstanding under the Note.
Convertible promissory note maximum amount		$ 200,000
Aggregate fair market value																												$ 480,400
Notes payable annual interest																										480,400		480,400
Notes payable interest																														424,000		$ 424,000
Cover expenses																														75,000
Sponsor [Member]
Related Party Notes Payable (Details) [Line Items]
Purchased aggregate of shares (in Shares)						5,750,000
Aggregate price amount						$ 25,000
Aggregate of forfeiture shares (in Shares)						750,000
Percentage of issued and outstanding shares						20.00%
FF Intelligent Mobility Global Holdings Ltd [Member]
Related Party Notes Payable (Details) [Line Items]
Shares issued from conversion (in Shares)																																25,000,000
Proceeds from related party notes payable																												200	$ 8,735			$ 10,256	$ 30,622
Notes payable																														$ 105,000	$ 3,410,000	$ 105,000	3,410,000
Percentage of issued and outstanding shares																														50.00%		50.00%
Payment for monthly rent																																$ 2,452,000	4,282,000
Cash																						$ 5,664				52,527	$ 3,241	52,527	3,241	$ 1,124	2,221	1,124	2,221			$ 278,866,000
Notes payable bearing annual interest																								On March 30, 2018, the cash funding was restructured via an agreement in the form of notes payable bearing an annual interest rate of 12.00% and maturing on December 31, 2020. The notes payable are unsecured and there are no covenants associated with these notes payable.Faraday & Future (HK) Limited F&F HK provided an aggregate principal loan in the total sum of $212,007 to the Company as part of the agreement on March 30, 2018. On June 27, 2019, the Company entered into a note payable cancellation agreement for a portion of the note payable with F&F HK effective January 1, 2019 and simultaneously the note payable was assumed by a third-party lender. The agreement cancelled $48,374 of principle and $5,805 of unpaid interest due to F&F HK. There was no loss or gain on the extinguishment of note payable due to the net carrying amount of the note payable extinguished being equivalent to the reacquisition price of the new note payable. See Note 9 Notes Payable (1). As of and for the Year Ended December 31, 2020 2019 Outstanding principal $— $149,081 Accrued interest — 19,657 Interest expense 11,959 17,889 Unrealized foreign exchange (gain) loss on principal — — Unrealized foreign exchange (gain) loss on accrued interest — — Principal payments — — Interest payments — — Proceeds — — Leview Mobile (HK) Ltd Leview provided an aggregate principal loan in the total sum of $66,859 to the Company as part of the agreement on March 30, 2018. As of and for the Year Ended December 31, 2020 2019 Outstanding principal $— $66,859 Accrued interest — 16,046 Interest expense 5,363 8,023 Unrealized foreign exchange (gain) loss on principal — — Unrealized foreign exchange (gain) loss on accrued interest — — Principal payments — — Interest payments — — Proceeds — — Beijing Bairui Culture Media, Co. Ltd Between December 2017 and July 2018, the Company executed several notes payable agreements with Beijing Bairui Culture Media Co., Ltd. (“Bairui”) for total principal of $27,329. Bairui was previously controlled by the Company’s founder and former CEO. Each note payable originally matured one year after its issuance. The notes payable originally bore interest of 0% per annum. The notes payable are unsecured and there are no covenants associated with these notes payable. During the year ended December 31, 2019, Bairui forgave $2,487 of the outstanding notes payable. Due to the notes payable having below market interest rates, the Company imputed interest upon entering into the notes payable resulting in a notes payable discount and a capital contribution due to the related party nature of the arrangements. During the year ended December 31, 2019, the Company recognized interest expense of $3,476 related to the accretion of the discount. As of December 31, 2019, the unamortized discount was $3,557. On January 1, 2020, the Company executed an amendment to consolidate the notes payable into one note for the same amount, extend the maturity date of this note payable to December 31, 2020, and increased the interest rate from 0% to 12%. Since the cash flows of the modified note payable exceeded the cash flows of the original notes payable by more than 10%, the modification has been accounted for as an extinguishment with a loss on extinguishment of $314 recorded in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. The net carrying value of the original note payable of $20,842 was replaced with a note payable with a fair value of $21,156. Additionally, accretion of $2,586 was recorded in interest expense during the year ended December 31, 2020 related to the unamortized discount. As of and for the Year Ended December 31, 2020 2019 Outstanding principal $— $24,399 Accrued interest — — Interest expense 4,073 3,476 Unrealized foreign exchange (gain) loss on principal — 443 Unrealized foreign exchange (gain) loss on accrued interest — — Principal payments — — Interest payments — — Proceeds — — CYM Tech Holdings LLC On August 28, 2020, the related party notes payable with F&F HK, Leview, and Bairui were restructured to consolidate the lenders and extend the maturity date through June 30, 2021, transferring both the principal and accrued interest to the new lender, CYM Tech Holdings LLC, wholly-owned subsidiary of F&F HK. As of and for the Year Ended December 31, 2020 2019 Outstanding principal $240,543 $— Accrued interest 64,827 — Interest expense 10,134 — Unrealized foreign exchange (gain) loss on principal — — Unrealized foreign exchange (gain) loss on accrued interest — — Principal payments — — Interest payments — — Proceeds — — The related party notes payable that were restructured were the following: Before Restructuring Lender Principal Faraday & Future (HK) Limited $149,081 Leview Mobile (HK) Ltd 66,859 Beijing Bairui Culture Media, Co. Ltd 24,603 Total $240,543 After Restructuring Lender Principal CYM Tech Holdings LLC $240,543 The restructuring has been accounted for as a troubled debt restructuring because the Company has been experiencing financial difficulty and the conversion mechanism results in the effective borrowing rate decreasing after the restructuring which was determined to be a concession. Since the future undiscounted cash flows of the restructured note payable exceed the net carrying value of the original notes payable due to the maturity date extension, the restructuring is accounted for prospectively with no gain or loss recorded in the consolidated statements of operations and comprehensive loss. The Company concluded that the conversion features do not require bifurcation based on the derivative accounting scope exception in ASC 815 for certain contracts involving an entity’s own equity. (2)On January 28, 2019 and February 1, 2019, the Company borrowed $7,000 and $3,000, respectively from Evergrande Health Industry Group Limited (“China Evergrande”). China Evergrande is an affiliate of a significant shareholder of the Company. The notes payable matured on June 30, 2019 and were in default as of December 31, 2020 and 2019. The notes payable bear interest at an annual rate of 10.00% if repaid through June 30, 2019 and increased to 15.00% per annum thereafter. The notes payable are unsecured and there are no covenants associated with these notes payable.
Principal amount																								$ 212,007,000						48,374,000
Unpaid interest																																			$ 5,805,000
Outstanding notes payable																															7,758,000		7,758,000
Interest expense																										9,077	$ 7,281	28,933	$ 15,672			34,724	25,918
Borrowed from related party																																	834
Notes payable interest																														111,574,000	115,900,000	111,574,000	115,900,000
Notes Payable																														265,663,000	270,690,000	265,663,000	270,690,000
FF Intelligent Mobility Global Holdings Ltd [Member] \| Related Party Note, Due June 2021 [Member] \| Affiliated Entity [Member]
Related Party Notes Payable (Details) [Line Items]
Principal amounts converted			$ 90,869,000		$ 194,810,000
Accrued interest converted			$ 43,490,000		$ 71,764,000
Unpaid balance																												149,674,000
Principal amounts in default																										$ 125,071,000		$ 125,071,000
FF Intelligent Mobility Global Holdings Ltd [Member] \| Related Party Notes, NPA Tranche, Due October 2021 [Member] \| Affiliated Entity [Member]
Related Party Notes Payable (Details) [Line Items]
Aggregate principal amount that may be issued																			$ 200,000,000
Percent premium if converted																										20.00%		20.00%
FF Intelligent Mobility Global Holdings Ltd [Member] \| Related Party Notes, Excluding Related Party Note, Due June 2021 [Member] \| Affiliated Entity [Member]
Related Party Notes Payable (Details) [Line Items]
Principal amounts in default																										$ 22,022,000		$ 22,022,000
Number of instruments in default																										12		12
FF Intelligent Mobility Global Holdings Ltd [Member] \| Bridge Loan, Related Party [Member] \| Affiliated Entity [Member]
Related Party Notes Payable (Details) [Line Items]
Proceeds from related party notes payable																												$ 200,000
Payments of related party notes payable																												424,000
FF Intelligent Mobility Global Holdings Ltd [Member] \| Notes Payable, Related Party [Member] \| Affiliated Entity [Member]
Related Party Notes Payable (Details) [Line Items]
Extinguishment of debt																												60,104,000
FF Intelligent Mobility Global Holdings Ltd [Member] \| Leview Mobile (HK) Ltd [Member]
Related Party Notes Payable (Details) [Line Items]
Loans payable																								$ 66,859,000
FF Intelligent Mobility Global Holdings Ltd [Member] \| Beijing Bairui Culture Media, Co. Ltd [Member]
Related Party Notes Payable (Details) [Line Items]
Notes payable bearing annual interest								The notes payable originally bore interest of 0% per annum.							the Company executed an amendment to consolidate the notes payable into one note for the same amount, extend the maturity date of this note payable to December 31, 2020, and increased the interest rate from 0% to 12%. Since the cash flows of the modified note payable exceeded the cash flows of the original notes payable by more than 10%, the modification has been accounted for as an extinguishment with a loss on extinguishment of $314 recorded in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020.
Principal amount								$ 27,329,000
Outstanding notes payable																															2,487,000		2,487,000
Interest expense																																2,586,000	3,476,000
Unamortized discount																															3,557,000		3,557,000
Notes payable annual interest																														20,842,000		20,842,000
Fair value																														21,156,000		21,156,000
FF Intelligent Mobility Global Holdings Ltd [Member] \| CYM Tech Holdings LLC [Member]
Related Party Notes Payable (Details) [Line Items]
Extinguishment of debt																																$ 35,000
Convertible promissory note, description											The conversion feature does not require bifurcation because it is clearly and closely related to the debt host since the conversion does not involve a substantial premium or discount. The modification agreement and the accounting conclusions are collectively referred to as the September 2020 Modification. The Company recorded a gain on extinguishment of $35 in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $13 was recorded related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. As of and for the Year Ended December 31, 2020 2019 Outstanding principal $766 $717 Accrued interest — — Interest expense 72 65 Unrealized foreign exchange (gain) loss on principal 49 11 Unrealized foreign exchange (gain) loss on accrued interest — — Principal payments — — Interest payments — — Proceeds — — ●In 2018, the Company entered into a $700 note payable with an employee. The note is payable on demand and bears interest at 0% per year. The note has no covenants and is unsecured. The note payable was in default as of December 31, 2020. Due to the note payable having an interest rate below market rates, the Company imputed interest upon entering into the note payable resulting in a debt discount and a capital contribution due to the related party nature of the arrangement. During the years ended December 31, 2020 and 2019, the Company recognized interest expense of $34 and $31, respectively, related to the accretion of the debt discount. As of December 31, 2020 and 2019, the unamortized debt discount was $16 and $50, respectively. As of and for the Year Ended December 31, 2020 2019 Outstanding principal $737 $689 Accrued interest — — Interest expense 34 31 Unrealized foreign exchange (gain) loss on principal 48 11 Unrealized foreign exchange (gain) loss on accrued interest — — Principal payments — — Interest payments — — Proceeds — — ●The Company has various other unsecured related party borrowings totaling $4,797. These borrowings do not have stated terms or a stated maturity date. The Company was in default on these notes payable as of December 31, 2020. Due to the notes payable having below market interest rates, the Company imputed interest upon entering into the notes payable resulting in a debt discount and a capital contribution due to the related party nature of the arrangements. During the years ended December 31, 2020 and 2019, the Company recognized interest expense of $310 and $282, respectively, related to the accretion of the debt discount. As of December 31, 2020 and 2019, the unamortized debt discount was $141 and $452, respectively. As of and for the Year Ended December 31, 2020 2019 Outstanding principal $5,045 $4,719 Accrued interest — — Interest expense 310 282 Unrealized foreign exchange (gain) loss on principal 326 77 Unrealized foreign exchange (gain) loss on accrued interest — — Principal payments — — Interest payments — — Proceeds — — ●In February 2020, the Company borrowed $1,410 through a note payable from an employee. The note originally matured on August 14, 2020, bears interest at 8.99% per annum, has no covenants and is unsecured. As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $5 in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $2 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. As of and for the Year Ended December 31, 2020 2019 Outstanding principal $1,410 $— Accrued interest 69 — Interest expense 111 — Unrealized foreign exchange (gain) loss on principal — — Unrealized foreign exchange (gain) loss on accrued interest — — Principal payments — — Interest payments 42 — Proceeds 1,410 — (6)The Company issued the following notes payable with various related parties. ●In November 2019 and December 2019, the Company executed three notes payable with an affiliated company for total principal of $4,160. The notes payable originally matured on December 31, 2020 and bear interest at 6.99%. As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $77 in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $27 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. As of and for the Year Ended December 31, 2020 2019 Outstanding principal $4,160 $4,160 Accrued interest 313 20 Interest expense 293 20 Unrealized foreign exchange (gain) loss on principal — — Unrealized foreign exchange (gain) loss on accrued interest — — Principal payments — — Interest payments — — Proceeds — 4,160 ●Between January 2020 and August 2020, the Company executed nine notes payable with an affiliated company for a total of $8,422. The notes payable matured on December 31, 2020 and bear interest at 8%, besides one note for $500 which matured on June 30, 2020 and bears interest at 8%. The notes have no covenants and are unsecured. As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $53 in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $18 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020.					The conversion feature does not require bifurcation because it is clearly and closely related to the debt host since the conversion does not involve a substantial premium or discount. The modification agreement and the accounting conclusions are collectively referred to as the September 2020 Modification. The Company recorded a gain on extinguishment of $35 in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $13 was recorded related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. As of and for the Year Ended December 31, 2020 2019 Outstanding principal $766 $717 Accrued interest — — Interest expense 72 65 Unrealized foreign exchange (gain) loss on principal 49 11 Unrealized foreign exchange (gain) loss on accrued interest — — Principal payments — — Interest payments — — Proceeds — — ●In 2018, the Company entered into a $700 note payable with an employee. The note is payable on demand and bears interest at 0% per year. The note has no covenants and is unsecured. The note payable was in default as of December 31, 2020. Due to the note payable having an interest rate below market rates, the Company imputed interest upon entering into the note payable resulting in a debt discount and a capital contribution due to the related party nature of the arrangement. During the years ended December 31, 2020 and 2019, the Company recognized interest expense of $34 and $31, respectively, related to the accretion of the debt discount. As of December 31, 2020 and 2019, the unamortized debt discount was $16 and $50, respectively. As of and for the Year Ended December 31, 2020 2019 Outstanding principal $737 $689 Accrued interest — — Interest expense 34 31 Unrealized foreign exchange (gain) loss on principal 48 11 Unrealized foreign exchange (gain) loss on accrued interest — — Principal payments — — Interest payments — — Proceeds — — ●The Company has various other unsecured related party borrowings totaling $4,797. These borrowings do not have stated terms or a stated maturity date. The Company was in default on these notes payable as of December 31, 2020. Due to the notes payable having below market interest rates, the Company imputed interest upon entering into the notes payable resulting in a debt discount and a capital contribution due to the related party nature of the arrangements. During the years ended December 31, 2020 and 2019, the Company recognized interest expense of $310 and $282, respectively, related to the accretion of the debt discount. As of December 31, 2020 and 2019, the unamortized debt discount was $141 and $452, respectively. As of and for the Year Ended December 31, 2020 2019 Outstanding principal $5,045 $4,719 Accrued interest — — Interest expense 310 282 Unrealized foreign exchange (gain) loss on principal 326 77 Unrealized foreign exchange (gain) loss on accrued interest — — Principal payments — — Interest payments — — Proceeds — — ●In February 2020, the Company borrowed $1,410 through a note payable from an employee. The note originally matured on August 14, 2020, bears interest at 8.99% per annum, has no covenants and is unsecured. As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $5 in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $2 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. As of and for the Year Ended December 31, 2020 2019 Outstanding principal $1,410 $— Accrued interest 69 — Interest expense 111 — Unrealized foreign exchange (gain) loss on principal — — Unrealized foreign exchange (gain) loss on accrued interest — — Principal payments — — Interest payments 42 — Proceeds 1,410 — (6)The Company issued the following notes payable with various related parties. ●In November 2019 and December 2019, the Company executed three notes payable with an affiliated company for total principal of $4,160. The notes payable originally matured on December 31, 2020 and bear interest at 6.99%. As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $77 in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $27 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020.
Notes payable bearing annual interest																	The Company elected the fair value option for this note payable. See Note 4 Fair Value of Financial Instruments. The fair value of the note payable was $1,970 and $1,961 as of December 31, 2020 and 2019, respectively. As of and for the Year Ended December 31, 2020 2019 Outstanding principal $1,650 $1,650 Accrued interest 134 30 Interest expense 166 30 Unrealized foreign exchange (gain) loss on principal — — Unrealized foreign exchange (gain) loss on accrued interest — — Principal payments — — Interest payments 62 — Proceeds — — On April 29, 2019, the Company executed the NPA with U.S. Bank National Association, as the notes agent, and Birch Lake Fund Management, LP as the collateral agent. The aggregate principal amount that may be issued under the NPA is $200,000. All obligations due under the NPA bear interest of 10% per annum and are collateralized by a first lien, with second payment priority, on virtually all tangible and intangible assets of the Company. The NPA contains non-financial covenants and, as of December 31, 2020, the Company was in compliance with all covenants. See Note 9 Notes Payable (2). ●In July 2019, the Company executed a joinder agreement to the NPA with a company owned by an employee for a convertible note payable with total principal of $16,462. The note payable originally matured on May 31, 2020 and the interest rate, collateral, and covenants are the same as the NPA. Upon both a preferred stock offering and prepayment notice by the holder or the maturity date of the note payable, the holder of the note payable may elect to convert all of the outstanding principal and accrued interest of the note payable plus a 20.00% premium into shares of preferred stock of the Company issued in a preferred stock offering. The Company elected the fair value option for this note payable. See Note 4 Fair Value of Financial Instruments. The fair value of the note payable was $19,657 and $19,561 as of December 31, 2020 and 2019, respectively.	The Company elected the fair value option for this note payable. See Note 4 Fair Value of Financial Instruments. The fair value of the note payable was $1,970 and $1,961 as of December 31, 2020 and 2019, respectively. As of and for the Year Ended December 31, 2020 2019 Outstanding principal $1,650 $1,650 Accrued interest 134 30 Interest expense 166 30 Unrealized foreign exchange (gain) loss on principal — — Unrealized foreign exchange (gain) loss on accrued interest — — Principal payments — — Interest payments 62 — Proceeds — — On April 29, 2019, the Company executed the NPA with U.S. Bank National Association, as the notes agent, and Birch Lake Fund Management, LP as the collateral agent. The aggregate principal amount that may be issued under the NPA is $200,000. All obligations due under the NPA bear interest of 10% per annum and are collateralized by a first lien, with second payment priority, on virtually all tangible and intangible assets of the Company. The NPA contains non-financial covenants and, as of December 31, 2020, the Company was in compliance with all covenants. See Note 9 Notes Payable (2). ●In July 2019, the Company executed a joinder agreement to the NPA with a company owned by an employee for a convertible note payable with total principal of $16,462. The note payable originally matured on May 31, 2020 and the interest rate, collateral, and covenants are the same as the NPA. Upon both a preferred stock offering and prepayment notice by the holder or the maturity date of the note payable, the holder of the note payable may elect to convert all of the outstanding principal and accrued interest of the note payable plus a 20.00% premium into shares of preferred stock of the Company issued in a preferred stock offering. The Company elected the fair value option for this note payable. See Note 4 Fair Value of Financial Instruments.		The notes payable bear interest at an annual rate of 10.00% if repaid through June 30, 2019 and increased to 15.00% per annum thereafter.			The note payable had an original maturity of November 30, 2019 and bore interest at 8.99% per annum. This note was subsequently cancelled and the outstanding principal and accrued interest totaling $1,650 was contributed to the NPA executed on April 29, 2019.		The notes bore interest during the note term at 12.00% per annum. As the notes are in default as of December 31, 2020 and 2019, the outstanding balance is subject to an 18.00% interest rate per annum.							All obligations due under the NPA bear interest of 10% per annum and are collateralized by a first lien, with second payment priority, on virtually all tangible and intangible assets of the Company.
Principal amount																	$ 16,462,000	$ 1,650,000	$ 200,000,000				$ 1,650,000		$ 8,742,000
Outstanding notes payable														$ 1,410,000								$ 700,000			$ 728,000
Interest expense																															65,000	$ 72,000
Notes payable annual interest																$ 4,160,000
Borrowed from related party																				$ 3,000,000	$ 7,000,000
Bears interest														8.99%		6.99%						0.00%			0.00%
Unamortized discount																														33,000	$ 105,000	33,000	$ 105,000
Gain on extinguishment description										Company recorded a gain on extinguishment of $35 in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020.	Between January 2020 and August 2020, the Company executed nine notes payable with an affiliated company for a total of $8,422. The notes payable matured on December 31, 2020 and bear interest at 8%, besides one note for $500 which matured on June 30, 2020 and bears interest at 8%. The notes have no covenants and are unsecured.As a result of the September 2020 Modification, the Company recorded a gain on extinguishment of $53 in gain on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. Additionally, accretion of $18 was recorded during the year ended December 31, 2020 related to the discount created from the gain on extinguishment in interest expense in the consolidated statements of operations and comprehensive loss during the year ended December 31, 2020. As of and for the Year Ended December 31, 2020 2019 Outstanding principal $6,452 $— Accrued interest 435 — Interest expense 435 — Unrealized foreign exchange (gain) loss on principal — — Unrealized foreign exchange (gain) loss on accrued interest — — Principal payments 1,970 — Interest payments — — Proceeds 8,422 — ●In December 2020, the Company entered into two notes payable for a total of $424. The notes payable do not have a stated maturity or bear interest. The notes have no covenants and are unsecured.
Accretion discount																														13,000		$ 13,000
Interest expenses and unamortized debt discount description																																As of December 31, 2020 and 2019, the unamortized debt discount was $16 and $50, respectively.	the Company recognized interest expense of $310 and $282, respectively, related to the accretion of the debt discount. As of December 31, 2020 and 2019, the unamortized debt discount was $141 and $452, respectively.
Unsecured related party																																$ 4,797,000
Cash advances							$ 1,500,000
Private Placement [Member]
Related Party Notes Payable (Details) [Line Items]
Warrant price (in Dollars per share)		$ 10.00
Chief Executive Officer [Member]
Related Party Notes Payable (Details) [Line Items]
Payment for monthly rent													$ 10,000
Chief Financial Officer [Member]
Related Party Notes Payable (Details) [Line Items]
Payment for monthly rent																														10,000
Class A-1 Convertible Preferred Stock [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Related Party Notes Payable (Details) [Line Items]
Principal amounts converted				$ 90,869
Class A-1 Convertible Preferred Stock [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member] \| Related Party Note, Due June 2021 [Member] \| Affiliated Entity [Member]
Related Party Notes Payable (Details) [Line Items]
Shares issued from conversion (in Shares)			57,513,413		57,513,413
Conversion price (in Dollars per share)			$ 1.67	$ 1.67	$ 1.67
Class A-2 Convertible Preferred Stock [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member] \| Related Party Note, Due June 2021 [Member] \| Affiliated Entity [Member]
Related Party Notes Payable (Details) [Line Items]
Shares issued from conversion (in Shares)			19,546,600		87,003,560
Conversion price (in Dollars per share)			$ 1.96	$ 1.96	$ 1.96
Class A-2 Convertible Preferred Stock [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member] \| Notes Payable, Related Party [Member] \| Affiliated Entity [Member]
Related Party Notes Payable (Details) [Line Items]
Principal amounts converted																												$ 130,479,000
Shares issued from conversion (in Shares)																												81,855,608
February 11, 2020 [Member] \| Sponsor [Member]
Related Party Notes Payable (Details) [Line Items]
Purchased aggregate of shares (in Shares)																												5,750,000
Aggregate price amount																												$ 25,000
Aggregate of forfeiture shares (in Shares)																												750,000
Percentage of issued and outstanding shares																										20.00%		20.00%
Level 3 [Member] \| Fair Value, Nonrecurring [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member] \| Notes Payable, Related Party [Member] \| Affiliated Entity [Member]
Related Party Notes Payable (Details) [Line Items]
Notes payable																										$ 147,995,000		$ 147,995,000		$ 265,663,000		$ 265,663,000
Promissory Note [Member]
Related Party Notes Payable (Details) [Line Items]
Aggregate principal amount																																		$ 150,000
Outstanding balance amount												$ 133,000
Promissory note due on demand																										$ 500,000		$ 500,000

Related Party Notes Payable (Details) - Schedule of Notes Payable - FF Intelligent Mobility Global Holdings Ltd [Member] - Affiliated Entity [Member] - USD ($)

3 Months Ended

6 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Dec. 31, 2019

Contractual Interest Rates

^[1]

12.00%

Unpaid Balance

$ 149,674,000

^[1]

$ 149,674,000

^[1]

$ 0.1200

^[2]

Fair Value Measurement Adjustments

^[1]

240,543,000

^[2]

Net Carrying Value

149,674,000

^[1]

149,674,000

^[1]

239,886,000

^[2]

Related party interest expense

^[1]

$ 1,369,000

$ 8,486,000

Contractual Interest Rates

^[3]

15.00%

Unpaid Balance

$ 10,000,000

^[3]

$ 10,000,000

^[3]

0.1500

^[4]

Fair Value Measurement Adjustments

^[3]

10,000,000

Net Carrying Value

10,000,000

^[3]

10,000,000

^[3]

10,000,000

Related party interest expense

^[3]

$ 392,000

$ 779,000

Contractual Interest Rates

^[5]

10.00%

Unpaid Balance

$ 18,112,000

^[5]

$ 18,112,000

^[5]

0.1000

$ 0.1000

Fair Value Measurement Adjustments

3,657,000

^[5]

3,657,000

^[5]

18,112,000

Net Carrying Value

21,769,000

^[5]

21,769,000

^[5]

21,627,000

21,522,000

Related party interest expense

^[5]

$ 457,000

$ 910,000

Contractual Interest Rates

18.00%

Unpaid Balance

$ 9,288,000

Fair Value Measurement Adjustments

Net Carrying Value

9,288,000

Related party interest expense

817,000

1,586,000

Unpaid Balance

5,002,000

Fair Value Measurement Adjustments

Net Carrying Value

5,002,000

Related party interest expense

$ 69,000

$ 183,000

Contractual Interest Rates

8.99%

Unpaid Balance

^[3]

$ 1,410,000

Fair Value Measurement Adjustments

^[3]

Net Carrying Value

^[3]

1,410,000

Related party interest expense

^[3]

$ 32,000

$ 63,000

Contractual Interest Rates

6.99%

Unpaid Balance

^[3]

$ 4,160,000

Fair Value Measurement Adjustments

^[3]

Net Carrying Value

^[3]

4,160,000

Related party interest expense

^[3]

$ 72,000

$ 144,000

Contractual Interest Rates

8.00%

Unpaid Balance

$ 6,452,000

^[3]

$ 6,452,000

^[3]

0.0800

Fair Value Measurement Adjustments

^[3]

6,452,000

Net Carrying Value

6,452,000

^[3]

6,452,000

^[3]

6,417,000

Related party interest expense

^[3]

129,000

256,000

Notes Payable Related Party [Member]

Unpaid Balance

204,098,000

296,845,000

Fair Value Measurement Adjustments

3,657,000

296,845,000

287,337,000

Net Carrying Value

207,755,000

$ 299,403,000

$ 286,583,000

Related party interest expense

$ 3,337,000

$ 12,407,000

Minimum [Member] | Related Party Notes, China Various Other, Due On Demand [Member]

Contractual Interest Rates

0.00%

Maximum [Member] | Related Party Notes, China Various Other, Due On Demand [Member]

Contractual Interest Rates

10.00%

[1]	On April 9, 2021, the Company signed agreements with certain of its related party notes holders to convert their notes with principal amounts of $194,810 and accrued interest of $71,764 into 57,513,413 shares of Class A-1 Convertible Preferred Stock with a conversion price of $1.67 per share and 87,003,560 shares of A-2 Preferred Stock with a conversion price of $1.96 per share. Under the agreements, the notes ceased to accrue interest on March 31, 2021. On May 13, 2021, related party notes payable with aggregating principal amounts of $90,869 and accrued interest of $43,490 was converted into 57,513,413 shares of Class A-1 Convertible Preferred Stock with a conversion price of $1.67 per share and 19,546,600 shares of Class A-2 Convertible Preferred Stock with a conversion price of $1.96 per share. The outstanding principal balance subsequent to the conversion was $149,674 as of June 30, 2021. The Class A-1 and A-2 Preferred Stock will convert into FFIE Class A Common Stock based on the Exchange Ratio. As of June 30, 2021, $125,071 of the related party notes payable were in default.
[2]	During 2020, these related party notes payable were restructured into one related party note payable.
[3]	As of June 30, 2021, the Company was in default on twelve of its related party notes with a principal value of $22,022. The Company was in compliance with all covenants under its remaining related party notes payable agreements as of June 30, 2021.
[4]	Rate as of December 31, 2020 and 2019, see footnotes for further discussion.
[5]	On April 29, 2019, the Company executed the Note Purchase Agreement (“NPA”) with U.S. Bank National Association, as the notes agent, and Birch Lake Fund Management, LP as the collateral agent. The aggregate principal amount that may be issued under the NPA was $200,000. Upon both a Company Preferred Stock offering and prepayment notice by the holder, or on the maturity date of the notes payable, the holder may elect to convert all of the outstanding principal and accrued interest of the notes payable, plus a 20.00% premium, into shares of Preferred Stock in the offering. The Company elected the fair value option for these notes payable. (See Note 7. Fair Value of Financial Instruments.)

Related Party Notes Payable (Details) - Schedule of Principal Maturities - FF Intelligent Mobility Global Holdings Ltd [Member] - Notes Payable Related Party [Member] - Affiliated Entity [Member] - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Related Party Notes Payable (Details) - Schedule of Principal Maturities [Line Items]
Due on demand	$ 185,986	$ 27,578
2021	18,112	269,267
	$ 204,098	$ 296,845

Notes Payable (Details) - USD ($)								1 Months Ended																					3 Months Ended		5 Months Ended	6 Months Ended		11 Months Ended	12 Months Ended
Notes Payable (Details) - USD ($)	Jun. 09, 2021	Mar. 12, 2021	Mar. 08, 2021	Mar. 02, 2021	Jan. 13, 2021	Oct. 09, 2020	Sep. 09, 2020	Jan. 27, 2021	Sep. 30, 2020	Jul. 31, 2020	Apr. 17, 2020	Dec. 31, 2019	Nov. 30, 2019	Oct. 31, 2019	Sep. 30, 2019	Aug. 31, 2019	Jun. 30, 2019	May 31, 2019	Apr. 30, 2019	Apr. 29, 2019	Mar. 31, 2019	Jan. 31, 2019	Nov. 30, 2018	Oct. 31, 2018	May 31, 2018	Jul. 31, 2017	Apr. 30, 2017	Jun. 30, 2016	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2016	Jun. 13, 2021	Jun. 07, 2021	Mar. 31, 2021	Jan. 31, 2021	Jan. 15, 2021	Jul. 24, 2020	Feb. 14, 2020	Jan. 31, 2020
Notes Payable (Details) [Line Items]
Warrants term																													7 years			7 years		5 years	5 years
Exercise price of the warrant (in Dollars per share)																													$ 2.72			$ 2.72
Borrowed amount																																								$ 200,000					$ 150,000
Gain on extinguishment of related party notes payable									$ 87,000
Accretion related to discount created from gain on extinguishment																																		$ 30,000
Sale price								$ 761,400,000		$ 30,371,190
Lease, description																					the Company leased the HQ back from Atlas for a term of three years, with an option to repurchase the HQ at any time prior to the expiration of the lease for a purchase price equal to the greater of $44,029 or the fair market value of the HQ, as determined in accordance with the lease. This transaction qualified as a failed sale leaseback given the Company’s option within the PSA to repurchase the HQ. The Company recognized a $29,000 financing obligation recorded in capital leases on the consolidated balance sheets. No gain or loss was record on the failed sale-leaseback. The Company has continued to capitalize and depreciate the HQ long-lived asset. The ongoing lease payments to Atlas are recorded as reductions to the financing obligation and associated interest expense. The Company recorded interest expense of $1,760 and $1,435 during the years ended December 31, 2020 and 2019
Outstanding principal amount														$ 15,000,000
Loan exit costs														$ 6,668,000
Interest expense																																				$ 213,000
Issuance costs incurred																																				3,145,000
Fair value of the warrants																													$ 5,012,065			$ 5,975,238		$ 475,641
Fair value of ordinary stock (in Dollars per share)									$ 10.00																				$ 15.58			$ 15.58		$ 10.00	$ 10.00									$ 10.00
Risk-free interest rate																																0.83%		0.35%
Expected volatility price																																87.60%		17.40%
Black-Scholes option-pricing model [Member]
Notes Payable (Details) [Line Items]
Fair value of the warrants																																$ 490,000
PPP [Member]
Notes Payable (Details) [Line Items]
Rate of Interest on notes											1%
Loan proceeds amount											$ 9,168,000
Fair Value of Notes Payable Not Carried at Fair Value [Member]
Notes Payable (Details) [Line Items]
Note payable												$ 94,590,000																						$ 127,130,000	$ 127,130,000	$ 94,590,000
U.S. corporation [Member]
Notes Payable (Details) [Line Items]
Mature date																																				Dec. 31, 2020
Interest, per annum												8.00%																								8.00%
Deposits amount												$ 11,635,000																								$ 11,635,000
FF Intelligent Mobility Global Holdings Ltd [Member]
Notes Payable (Details) [Line Items]
Notes payable, principal amount																																$ 40,935,000
Warrants term																													6 years			6 years									7 years
Exercise price of the warrant (in Dollars per share)																													$ 10			$ 10									$ 2.71	$ 2.72
Fair value of warrants																																$ 1,988,000
Ordinary stock acquried by exercise the warrant (in Shares)																													19,016,865			19,016,865									2,167,254	270,200
Issuance of notes payable with principal value					$ 15,000,000																																		$ 15,000,000
investment amount					666,000																																		$ 667,000
Consent fee recorded as interest expense		$ 7,000,000			$ 11,250,000
Borrowed amount																																											$ 102,000
Debt conversion, description																																(i) notes payable with principal amount of $56,000 into 37,335,421 shares of Class A-2 Preferred Stock; (ii) notes payable with an aggregate principal balance of $17,600 into 15,792,771 shares of Class A-1 Preferred Stock; and (iii) a note payable with a principal balance of $1,500 into 1,281,976 shares of Class A-3 Preferred Stock. Notes payable with aggregate principal amount of $116,518 were either converted into equity or repaid in cash as part of the close of the Business Combination.
Fair value of notes payable not carried at fair value																													$ 105,863,000			$ 105,863,000		$ 127,130,000	$ 127,130,000
Interest, per annum					14.00%																													6.00%	6.00%
Note payable												7,758,000																								7,758,000
Gain on extinguishment of related party notes payable																																(1,309)	$ (314)		$ 2,107
Accretion related to discount created from gain on extinguishment																																			462,000
Foreign currency gain																																1,823	$ 775
Sale price																																$ 761,400,000
Outstanding principal amount												15,000,000																								15,000,000
FF Intelligent Mobility Global Holdings Ltd [Member] \| Birch Lake [Member]
Notes Payable (Details) [Line Items]
Consent fee recorded as interest expense			$ 5,600,000		$ 3,750,000
FF Intelligent Mobility Global Holdings Ltd [Member] \| Faraday and Future (HK) Limited [Member]
Notes Payable (Details) [Line Items]
Net proceeds
Qualified SPAC Merger [Member]
Notes Payable (Details) [Line Items]
Outstanding principal, accrued and unpaid interest, percentage																																130.00%
Note payable																																		$ 17,712,000	17,712,000
Class A Ordinary Stock
Notes Payable (Details) [Line Items]
Ordinary stock acquried by exercise the warrant (in Shares)																													1,930,147			1,930,147
Class A Ordinary Stock \| FF Intelligent Mobility Global Holdings Ltd [Member]
Notes Payable (Details) [Line Items]
Fully diluted capitalization, percentage																																0.20%
Ordinary stock acquried by exercise the warrant (in Shares)																													44,880,595			44,880,595
Notes Payable Agreement [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Notes Payable (Details) [Line Items]
Issuance of additional notes payable				$ 85,000,000	3,750,000
Notes payable, principal amount				55,000,000
Net proceeds			$ 5,240,000	$ 51,510,000	$ 3,510,000
Original issue discount rate			6.50%	4.00%	6.50%
Debt issuance costs			$ 307,000	$ 90,000	$ 225,000
Interest rate				14.00%	8.00%
Notes payable maturity, description			The notes payable matures on the earliest of (i) October 6, 2021, (ii) the consummation of a Qualified SPAC Merger, as defined in the note agreement, (iii) the occurrence of a change in control, or (iv) the occurrence of an acceleration event, such as a default. The notes payable bear interest at 15.75% per annum. Additionally, the notes payable contain a liquidation premium that ranges from 42% to 52% depending on timing of settlement, with 50% of this premium convertible into equity. Birch Lake can demand repayment if an event of default, change in control, or a Qualified SPAC Merger occurs.	The notes payable mature on the earliest of (i) March 1, 2022, (ii) October 6, 2021, if the Qualified SPAC Merger contemplated in the Merger Agreement has not been consummated by July 27, 2021, (iii) the occurrence of a change in control, or (iv) the occurrence of an acceleration event, such as a default. The Company has elected the fair value option because the notes include features, such as a contingently exercisable put option, which meet the definition of an embedded derivative. Additionally, the notes payable agreements contain a minimum cash provision, which requires the Company to maintain at least $5,000 of cash on hand at all times. The Company has classified the related $5,000 in Restricted Cash on its unaudited Condensed Consolidated Balance Sheets as of June 30, 2021.
Fair value of warrants				$ 5,000,000																												$ 7,880,000
Premium convertible into equity, percentage					50.00%
Total principal amount			$ 5,600,000
Notes Payable Agreement [Member] \| Minimum [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Notes Payable (Details) [Line Items]
Liquidation premium, percentage					35.00%
Notes Payable Agreement [Member] \| Maximum [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Notes Payable (Details) [Line Items]
Liquidation premium, percentage					45.00%
January 13 Notes [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Notes Payable (Details) [Line Items]
Net proceeds					$ 10,350,000
Original issue discount rate					8.00%
Debt issuance costs					$ 480,000
Interest rate					0.00%
Total principal amount					$ 11,250,000
Mature date					Oct. 06, 2021
Outstanding principal, accrued and unpaid interest, percentage					130.00%
March 12 Notes [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Notes Payable (Details) [Line Items]
Notes payable, principal amount		7,000,000
Net proceeds		$ 6,440,000
Original issue discount rate		8.00%
June 2021 Notes [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Notes Payable (Details) [Line Items]
Issuance of additional notes payable																																$ 40,000,000
Notes payable maturity, description	The June 2021 Notes mature on December 9, 2022, and do not bear interest unless extended beyond its maturity date by the US-based investment firm, in which case, the June 2021 Notes will bear interest at 10% per annum starting upon their original maturity. Each of the June 2021 Notes are subject to an original issue discount of 8% and 13%, respectively. The June 2021 Notes contain a liquidation premium that, upon a Qualified SPAC Merger, the then outstanding principal and accrued interest of the notes playable plus a 30% premium will convert into Class A Ordinary Stock of the Company. The Company received net proceeds of $35,603 as part of the June 2021 Notes.
Exercise price of the warrant (in Dollars per share)																													$ 2.5723			$ 2.5723
Issuance of notes payable with principal value	$ 20,000,000
Exercised option to purchase optional notes																													$ 33,917,000			$ 33,917,000
June 2021 Notes [Member] \| Class A Ordinary Stock \| FF Intelligent Mobility Global Holdings Ltd [Member]
Notes Payable (Details) [Line Items]
Exercise price of the warrant (in Dollars per share)																													$ 2.5723			$ 2.5723
Ordinary stock acquried by exercise the warrant (in Shares)																													5,831,357			5,831,357
January 2019 Note [Member] \| Faraday and Future (HK) Limited [Member]
Notes Payable (Details) [Line Items]
Mature date																						Dec. 31, 2020
Borrowed amount																						$ 54,179,000
Interest, per annum																						12.00%
November and December 2018 Note [Member] \| NPA [Member]
Notes Payable (Details) [Line Items]
Notes payable, principal amount																			$ 8,100,000
Rate of Interest on notes																																10%
Notes payable, accrued interest																			481,000
November and December 2018 Note [Member] \| U.S. based investment firm [Member]
Notes Payable (Details) [Line Items]
Borrowed amount																																					$ 11,100,000
Interest, per annum																																					8.99%
July 2017 Note [Member]
Notes Payable (Details) [Line Items]
Gain on extinguishment of related party notes payable									$ 157,000
Accretion related to discount created from gain on extinguishment																																		55,000
July 2017 Note [Member] \| U.S. based investment firm [Member]
Notes Payable (Details) [Line Items]
Notes payable, principal amount																										$ 18,000,000
Mature date																										Dec. 31, 2019
Borrowed amount																										$ 22,400,000
Interest, per annum																										1.52%
October 2018 Note [Member]
Notes Payable (Details) [Line Items]
Gain on extinguishment of related party notes payable									45,000
Accretion related to discount created from gain on extinguishment																																		16,000
October 2018 Note [Member] \| U.S. based investment firm [Member]
Notes Payable (Details) [Line Items]
Mature date																								Dec. 31, 2019
Borrowed amount																								$ 1,500,000
Interest, per annum																								2.86%
April 2019 Note [Member]
Notes Payable (Details) [Line Items]
Note payable												10,198,000																						10,246,000	10,246,000	10,198,000
April 2019 Note [Member] \| NPA [Member]
Notes Payable (Details) [Line Items]
Notes payable, principal amount																			$ 8,581,000
Percentage of premium into shares of preferred stock																			20.00%
June and August 2019 Note [Member]
Notes Payable (Details) [Line Items]
Note payable												20,956,000																						21,059,000	21,059,000	20,956,000
June and August 2019 Note [Member] \| NPA [Member]
Notes Payable (Details) [Line Items]
Mature date																May 31, 2020
Borrowed amount																$ 17,637,000
Interest, per annum																10.00%
May 2019 Note [Member]
Notes Payable (Details) [Line Items]
Note payable												1,069,000																						1,075,000	1,075,000	1,069,000
May 2019 Note [Member] \| NPA [Member]
Notes Payable (Details) [Line Items]
Mature date																		Mar. 06, 2020
Borrowed amount																		$ 900,000
Interest, per annum																		10.00%
December 2016 Note [Member]
Notes Payable (Details) [Line Items]
Mature date																																						Dec. 31, 2019
Borrowed amount																																						$ 1,500,000
Interest, per annum																													12.00%			12.00%
December 2016 Note [Member] \| U.S. based investment firm [Member]
Notes Payable (Details) [Line Items]
Mature date																																						Dec. 31, 2019
Borrowed amount																																						$ 10,000,000
Notes payable, accrued interest																																						$ 600,000
June 2016 Note [Member] \| U.S. based investment firm [Member]
Notes Payable (Details) [Line Items]
Notes payable, principal amount																																					$ 13,000,000
Mature date																												Oct. 15, 2019
Borrowed amount																												$ 20,000,000
December 2019 Note [Member]
Notes Payable (Details) [Line Items]
Gain on extinguishment of related party notes payable									7,000
Accretion related to discount created from gain on extinguishment																																		2,000
December 2019 Note [Member] \| U.S. based investment firm [Member]
Notes Payable (Details) [Line Items]
Borrowed amount												$ 2,240,000																								$ 2,240,000
Interest, per annum												8.99%																								8.99%
January 2020 Note [Member]
Notes Payable (Details) [Line Items]
Gain on extinguishment of related party notes payable									2,000
Accretion related to discount created from gain on extinguishment																																		1,000
January 2020 Note [Member] \| U.S. based investment firm [Member]
Notes Payable (Details) [Line Items]
Borrowed amount																																														$ 300,000
Interest, per annum																																														8.00%
April 2017 Note [Member]
Notes Payable (Details) [Line Items]
Gain on extinguishment of related party notes payable																											$ 27,000
Accretion related to discount created from gain on extinguishment																											$ 9,000
April 2017 Note [Member] \| Chinese Lender [Member]
Notes Payable (Details) [Line Items]
Mature date																											Oct. 20, 2017
Borrowed amount																											$ 3,496,000
Interest, per annum																											9.00%
January 2019 To December 2019 Note [Member]
Notes Payable (Details) [Line Items]
Gain on extinguishment of related party notes payable															$ 84,000
Accretion related to discount created from gain on extinguishment																																		29,000
January 2019 To December 2019 Note [Member] \| Chinese Lender [Member]
Notes Payable (Details) [Line Items]
Notes payable, principal amount																																				$ 8,155,000
Borrowed amount												$ 11,515,000																								$ 11,515,000
Interest, per annum												6.00%																								6.00%
Foreign currency gain																																				$ 205,000
January 2019 To December 2019 Note [Member] \| Minimum [Member] \| Chinese Lender [Member]
Notes Payable (Details) [Line Items]
Mature date																																				Jan. 16, 2020
2017 and 2018 Note [Member] \| Chinese Lender [Member]
Notes Payable (Details) [Line Items]
Borrowed amount																																					$ 4,371,000
June To September 2020 Note [Member]
Notes Payable (Details) [Line Items]
Gain on extinguishment of related party notes payable									13,000
Accretion related to discount created from gain on extinguishment																																		4,000
June To September 2020 Note [Member] \| Chinese Lender [Member]
Notes Payable (Details) [Line Items]
Borrowed amount									$ 761,000
Interest, per annum									6.00%
March 2019 Note [Member]
Notes Payable (Details) [Line Items]
Gain on extinguishment of related party notes payable									$ 1,000
March 2019 Note [Member] \| U.S. based investment firm [Member]
Notes Payable (Details) [Line Items]
Mature date																					Mar. 06, 2020
Borrowed amount																					$ 1,500,000
Interest, per annum																					8.99%
June 2019 Note [Member] \| U.S. based investment firm [Member]
Notes Payable (Details) [Line Items]
Mature date																	Jul. 05, 2019
Borrowed amount																	$ 3,600,000
Interest, per annum																	2.99%
September 2019 Note [Member]
Notes Payable (Details) [Line Items]
Gain on extinguishment of related party notes payable									2,000
Accretion related to discount created from gain on extinguishment									$ 1,000
September 2019 Note [Member] \| U.S. based investment firm [Member]
Notes Payable (Details) [Line Items]
Borrowed amount															$ 180,000
Interest, per annum															6.99%
November 2019 Note [Member]
Notes Payable (Details) [Line Items]
Gain on extinguishment of related party notes payable													$ 14,000
Accretion related to discount created from gain on extinguishment													5,000
November 2019 Note [Member] \| U.S. based investment firm [Member]
Notes Payable (Details) [Line Items]
Borrowed amount													$ 2,700,000
Interest, per annum													6.99%
May 2018 Note [Member] \| U.S. Based Private Commercial Real Estate Lender [Member]
Notes Payable (Details) [Line Items]
Notes payable, principal amount																									$ 17,000,000
Mature date																									May 22, 2019
Borrowed amount																									$ 17,000,000
Interest, per annum																									9.75%
Notes payable, accrued interest																									$ 565,000
Sale price																									$ 29,000,000
April 29, 2019 Note [Member]
Notes Payable (Details) [Line Items]
Borrowed amount																				$ 15,000,000
																				The interest rate on the loan is 15.50%, 21.50% when in default, and the loan is subject to a liquidation preference premium of up to 63.50% of the original principal amount, of which the borrowers have the right to allow conversion of 30% into equity interests of the Company. The Company determined that this liquidation premium with conversion right represents an embedded derivative to be accounted for at fair value. See Note 4 Fair Value of Financial Instruments.
November 2018 [Member] \| U.S. Based Lender [Member]
Notes Payable (Details) [Line Items]
Notes payable, principal amount												$ 4,200,000
Mature date																							Nov. 08, 2019
Borrowed amount																							$ 4,200,000
Interest, per annum																							13.00%
Notes payable, accrued interest												$ 420,000
September 9, 2020 Note [Member] \| Senior Convertible Promissory Notes [Member] \| NPA [Member]
Notes Payable (Details) [Line Items]
Borrowed amount							$ 15,000,000
Interest, per annum							0.00%
Net proceeds from notes							$ 13,800,000
Original issue discount rate							8.00%
October 9, 2020 Note [Member]
Notes Payable (Details) [Line Items]
Note payable																																		$ 20,972,000	$ 20,972,000
October 9, 2020 Note [Member] \| Birch Lake [Member]
Notes Payable (Details) [Line Items]
Notes payable maturity, description						The BL Notes mature on the earliest of (i) October 6, 2021, (ii) the consummation of a Qualified SPAC Merger, (iii) the occurrence of a change in control, or (iv) the acceleration of the NPA obligations pursuant to an event of default. Additionally, the BL Notes contain a liquidation premium that ranges from 35% to 45% depending on the timing of settlement with 50% of this premium convertible into equity and the lender is able to demand repayment if an event of default, change in control, or a Qualified SPAC Merger occurs.
Borrowed amount						$ 15,000,000
Interest, per annum																													15.75%			15.75%										12.75%
Warrant [Member]
Notes Payable (Details) [Line Items]
Warrants term																													5 years			5 years
Mature date																																Sep. 09, 2027
Ordinary Stock [Member]
Notes Payable (Details) [Line Items]
Fair value of ordinary stock (in Dollars per share)																													$ 0.38			$ 0.38
Risk-free interest rate																																0.47%
Expected volatility price																																35.81%
Expected dividend yield rate																																0.00%

Notes Payable (Details) - Schedule of notes payable - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Dec. 31, 2019

Debt Instrument [Line Items]

Unpaid Balance

$ 301,172

$ 177,657

$ 121,818

Fair Value Measurement Adjustments

37,579

13,947

5,104

Proceeds Allocated to Warrants

(5,125)

Net Carrying Value

333,626

$ 191,319

$ 126,922

Interest Expense

$ 7,031

$ 11,591

Notes payable [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

Repayment in 10% increments contingent on a specified fundraising event

^[1]

Repayment in 10% increments contingent on a specified fundraising event

^[1]

Contractual Interest Rates

12.00%

^[1]

12.00%

^[1]

Unpaid Balance

$ 56,000

$ 57,293

^[1]

$ 53,185

^[1]

Fair Value Measurement Adjustments

^[1]

Proceeds Allocated to Warrants

Net Carrying Value

56,000

$ 57,293

^[1]

$ 53,185

^[1]

Interest Expense

$ 2,081

$ 3,552

Notes payable – NPA tranche [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

October 6, 2021

^[2]

May 31 2020

^[2]

Contractual Interest Rates

10.00%

^[2]

10.00%

^[2]

Unpaid Balance

$ 27,117

$ 27,118

^[2]

$ 26,218

^[2]

Fair Value Measurement Adjustments

5,473

5,263

^[2]

4,935

^[2]

Net Carrying Value

32,590

$ 32,381

^[2]

$ 31,153

^[2]

Interest Expense

$ 676

$ 1,345

Notes payable One [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

October 6, 2021

^[3]

June 30, 2021

^[4]

December 31, 2019

^[4]

Contractual Interest Rates

14.00%

^[3]

14.00%

^[3]

12.00%

^[4]

12.00%

^[4]

Unpaid Balance

$ 55,000

^[3]

$ 55,000

^[3]

$ 19,100

^[4]

$ 12,100

^[4]

Fair Value Measurement Adjustments

11,232

^[3]

11,232

^[3]

^[4]

Proceeds Allocated to Warrants

^[3]

Net Carrying Value

66,232

^[3]

66,232

^[3]

$ 19,100

^[4]

$ 12,100

^[4]

Interest Expense

^[3]

$ 1,920

$ 2,574

Notes payable Two [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

June 30, 2021

^[5]

June 30, 2021

^[6]

Due on Demand

^[4]

Contractual Interest Rates

12.00%

^[5]

12.00%

^[5]

1.52%

^[6]

12.00%

^[4]

Unpaid Balance

$ 19,100

^[5]

$ 19,100

^[5]

$ 4,400

^[6]

$ 7,000

^[4]

Fair Value Measurement Adjustments

^[5]

^[6]

^[4]

Proceeds Allocated to Warrants

^[5]

Net Carrying Value

19,100

^[5]

19,100

^[5]

$ 4,298

^[6]

$ 7,000

^[4]

Interest Expense

^[5]

$ 576

$ 1,147

Notes payable Three [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

^[5]

June 30, 2021

Contractual Interest Rates

^[5]

1.52%

Unpaid Balance

^[5]

$ 4,400

Fair Value Measurement Adjustments

^[5]

Proceeds Allocated to Warrants

^[5]

Net Carrying Value

^[5]

4,400

Interest Expense

^[5]

$ 17

$ 33

Notes payable Four [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

June 30, 2021

^[5]

June 30, 2021

^[6]

July 1, 2020

^[6]

Contractual Interest Rates

8.99%

^[5]

8.99%

^[5]

8.00%

^[6]

8.99%

^[6]

Unpaid Balance

$ 2,240

^[5]

$ 2,240

^[5]

$ 300

^[6]

$ 2,240

^[6]

Fair Value Measurement Adjustments

^[5]

^[6]

Proceeds Allocated to Warrants

^[5]

Net Carrying Value

2,240

^[5]

2,240

^[5]

$ 299

^[6]

$ 2,240

^[6]

Interest Expense

^[5]

$ 50

$ 100

Notes payable Five [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

June 30, 2021

^[5]

March 9, 2021

^[7]

Contractual Interest Rates

8.00%

^[5]

8.00%

^[5]

0.00%

^[7]

Unpaid Balance

$ 300

^[5]

$ 300

^[5]

$ 15,000

^[7]

Fair Value Measurement Adjustments

^[5]

2,712

^[7]

Proceeds Allocated to Warrants

^[5]

Net Carrying Value

300

^[5]

300

^[5]

$ 17,712

^[7]

Interest Expense

^[5]

$ 6

$ 12

Notes payable Six [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

October 6, 2021

^[8]

October 6, 2021

^[9]

Contractual Interest Rates

8.00%

^[8]

8.00%

^[8]

12.75%

^[9]

Unpaid Balance

$ 3,750

^[8]

$ 3,750

^[8]

$ 15,000

^[9]

Fair Value Measurement Adjustments

1,475

^[8]

1,475

^[8]

5,972

^[9]

Proceeds Allocated to Warrants

^[8]

Net Carrying Value

5,225

^[8]

5,225

^[8]

$ 20,972

^[9]

Interest Expense

^[8]

$ 149

$ 268

Notes payable Seven [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

October 6, 2021

^[8]

June 30, 2021

^[10]

Contractual Interest Rates

15.75%

^[8]

15.75%

^[8]

8.00%

^[10]

Unpaid Balance

$ 5,600

^[8]

$ 5,600

^[8]

$ 11,635

^[10]

Fair Value Measurement Adjustments

2,202

^[8]

2,202

^[8]

^[10]

Proceeds Allocated to Warrants

^[8]

Net Carrying Value

7,802

^[8]

7,802

^[8]

$ 11,578

^[10]

Interest Expense

^[8]

$ 223

$ 282

Notes payable Eight [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

October 6, 2021

^[11]

April 17, 2022

^[12]

Contractual Interest Rates

0.00%

^[11]

0.00%

^[11]

1.00%

^[12]

Unpaid Balance

$ 18,250

^[11]

$ 18,250

^[11]

$ 9,168

^[12]

Fair Value Measurement Adjustments

5,241

^[11]

5,241

^[11]

^[12]

Proceeds Allocated to Warrants

^[11]

Net Carrying Value

23,491

^[11]

23,491

^[11]

$ 9,168

^[12]

Interest Expense

^[11]

Notes payable Nine [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

^[11]

December 9, 2022

Contractual Interest Rates

^[11]

0.00%

Unpaid Balance

^[11]

$ 20,000

Fair Value Measurement Adjustments

^[11]

649

Proceeds Allocated to Warrants

^[11]

(2,563)

Net Carrying Value

^[11]

18,086

Interest Expense

^[11]

Notes payable Ten [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

^[11]

December 9, 2022

Contractual Interest Rates

^[11]

0.00%

Unpaid Balance

^[11]

$ 20,000

Fair Value Measurement Adjustments

^[11]

648

Proceeds Allocated to Warrants

^[11]

(2,562)

Net Carrying Value

^[11]

18,086

Interest Expense

^[11]

Notes payable Eleven [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

^[13]

March 9, 2022

Contractual Interest Rates

^[13]

0.00%

Unpaid Balance

^[13]

$ 15,667

Fair Value Measurement Adjustments

^[13]

4,499

Proceeds Allocated to Warrants

^[13]

Net Carrying Value

^[13]

20,166

Interest Expense

^[13]

Notes payable Twelve [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

^[14]

October 6, 2021

Contractual Interest Rates

^[14]

12.75%

Unpaid Balance

^[14]

$ 15,666

Fair Value Measurement Adjustments

^[14]

6,160

Proceeds Allocated to Warrants

^[14]

Net Carrying Value

^[14]

21,826

Interest Expense

^[14]

$ 792

$ 1,197

Notes payable – China various other [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

Various Dates 2021

^[15]

Due on Demand

^[15]

Contractual Interest Rates

6.00%

^[15]

9.00%

^[15]

Unpaid Balance

$ 4,917

$ 4,869

^[15]

$ 3,440

^[15]

Fair Value Measurement Adjustments

^[15]

Proceeds Allocated to Warrants

Net Carrying Value

4,917

$ 4,807

^[15]

$ 3,440

^[15]

Interest Expense

$ 74

$ 146

Notes payable – China various other One [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

Due on Demand

^[15]

Various Dates 2020

^[15]

Contractual Interest Rates

9.00%

^[15]

6.00%

^[15]

Unpaid Balance

$ 3,715

$ 3,677

^[15]

$ 3,155

^[15]

Fair Value Measurement Adjustments

^[15]

Proceeds Allocated to Warrants

Net Carrying Value

3,715

$ 3,659

^[15]

$ 3,155

^[15]

Interest Expense

$ 169

$ 335

Notes payable – China various other Two [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

Due on Demand

^[16]

Due on Demand

^[15]

Due on Demand

^[15]

Contractual Interest Rates

0.00%

^[16]

0.00%

^[16]

0.00%

^[15]

0.00%

^[15]

Unpaid Balance

$ 5,387

^[16]

$ 5,387

^[16]

$ 4,597

^[15]

$ 4,300

^[15]

Fair Value Measurement Adjustments

^[16]

^[15]

Proceeds Allocated to Warrants

^[16]

Net Carrying Value

5,387

^[16]

5,387

^[16]

$ 4,597

^[15]

$ 4,300

^[15]

Interest Expense

^[16]

$ 6

Notes payable – various other notes [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

June 30, 2021

^[5]

Repayment upon new equity or debt financing in an aggregate amount exceeding $50,000

^[6]

Contractual Interest Rates

6.99%

^[5]

6.99%

^[5]

8.99%

^[6]

Unpaid Balance

$ 1,260

^[5]

$ 1,260

^[5]

$ 500

^[6]

Fair Value Measurement Adjustments

^[5]

^[6]

Proceeds Allocated to Warrants

^[5]

Net Carrying Value

1,260

^[5]

1,260

^[5]

$ 500

^[6]

Interest Expense

^[5]

$ 22

$ 44

Notes payable – various other notes One [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

Due on Demand

^[5]

Due on Demand

^[6]

Contractual Interest Rates

8.99%

^[5]

8.99%

^[5]

6.99%

^[6]

Unpaid Balance

$ 500

^[5]

$ 500

^[5]

$ 180

^[6]

Fair Value Measurement Adjustments

^[5]

^[6]

Proceeds Allocated to Warrants

^[5]

Net Carrying Value

500

^[5]

500

^[5]

$ 180

^[6]

Interest Expense

^[5]

$ 11

$ 22

Notes payable – various other notes Two [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

June 30, 2021

^[5]

June 3, 2020

^[6]

Contractual Interest Rates

2.86%

^[5]

2.86%

^[5]

6.99%

^[6]

Unpaid Balance

$ 1,500

^[5]

$ 1,500

^[5]

$ 2,700

^[6]

Fair Value Measurement Adjustments

^[5]

^[6]

Proceeds Allocated to Warrants

^[5]

Net Carrying Value

1,500

^[5]

1,500

^[5]

$ 2,700

^[6]

Interest Expense

^[5]

$ 11

$ 21

Notes payable Thirteen [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

^[5]

June 30, 2021

Contractual Interest Rates

^[5]

8.00%

Unpaid Balance

^[5]

$ 11,635

Fair Value Measurement Adjustments

^[5]

Proceeds Allocated to Warrants

^[5]

Net Carrying Value

^[5]

11,635

Interest Expense

^[5]

$ 232

$ 462

Notes payable Fourteen [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

April 17, 2022

Contractual Interest Rates

1.00%

Unpaid Balance

$ 9,168

Fair Value Measurement Adjustments

Proceeds Allocated to Warrants

Net Carrying Value

9,168

Interest Expense

$ 22

$ 45

[1]	In January 2019, upon extinguishment of a portion of the Faraday and Future (HK) Limited related party notes payable, the Company borrowed $54,179 through notes payable from a Chinese lender. The notes payable originally matured on December 31, 2020, bear interest of 12.00% per annum, have no covenants, and are unsecured.
[2]	The Company issued 10% interest notes with various third parties through the NPA:
[3]	On March 1, 2021, the Company amended the NPA to permit the issuance of additional notes payable with principal amounts up to $85,000. On the same day, the Company entered into notes payable agreements with Ares for an aggregate principal of $55,000, receiving net proceeds of $51,510, inclusive of a 4.00% original issue discount and $90 of debt issuance costs paid directly by the lender. The notes payable are collateralized by a first lien on virtually all tangible and intangible assets of the Company and bear interest at 14% per annum. The notes payable mature on the earliest of (i) March 1, 2022, (ii) October 6, 2021, if the Qualified SPAC Merger contemplated in the Merger Agreement has not been consummated by July 27, 2021, (iii) the occurrence of a change in control, or (iv) the occurrence of an acceleration event, such as a default. The Company has elected the fair value option because the notes include features, such as a contingently exercisable put option, which meet the definition of an embedded derivative. Additionally, the notes payable agreements contain a minimum cash provision, which requires the Company to maintain at least $5,000 of cash on hand at all times. The Company has classified the related $5,000 in Restricted Cash on its unaudited Condensed Consolidated Balance Sheets as of June 30, 2021.
[4]	The Company issued the following notes with an interest rate of 12.00% per annum.
[5]	As of June 30, 2021, the Company was in default on sixteen of its notes payable with an aggregate principal value of $40,935. The Company is in compliance with all its covenants under the remaining notes payable agreements as of June 30, 2021.
[6]	The Company issued the following notes with a third party.
[7]	On September 9, 2020, the Company issued $15,000 of secured convertible promissory notes to a US-based investment firm through entering into a Joinder to the NPA, receiving net proceeds of $13,800, inclusive of an 8% original issue discount. The senior convertible promissory notes bear interest at 0%. The NPA notes mature on the earliest of (i) March 9, 2022, (ii) the Vendor Trust maturity date (See Note 10 Vendor Payables in Trust), as amended, (iii) the maturity of any First Out NPA Notes, which include the notes with Birch Lake and FF Ventures (“First Out Notes”), or (iv) the acceleration of the NPA notes payable pursuant to an event of default.
[8]	On January 13, 2021, the Company amended the NPA to permit the issuance of additional notes payable and issued $3,750 of notes payable to Birch Lake, receiving net proceeds of $3,510, inclusive of a 6.50% original issue discount, and $225 of debt issuance costs paid directly by the lender. The additional secured convertible notes payable issued to Birch Lake (“BL Notes”) accrue interest at 8% per annum. The BL Notes mature on the earliest of (i) October 6, 2021, (ii) the consummation of a Qualified SPAC Merger, (iii) the occurrence of a change in control, or (iv) the acceleration of the NPA obligations in the event of a default. Additionally, the BL Notes contain a liquidation premium that ranges from 35% to 45% depending on the timing of settlement, with 50% of this premium convertible into equity. Birch Lake can demand repayment of the BL Notes if an event of default, change in control, or a Qualified SPAC Merger occurs. The Company determined that the feature to settle the BL Notes at a premium upon the occurrence of a default, change in control, or a Qualified SPAC Merger is a contingently exercisable put option with a liquidation premium and represents an embedded derivative. The Company elected the fair value option for this note payable (See Note 7. Fair Value of Financial Instruments).
[9]	On October 9, 2020, the Company entered into a Second A&R NPA with Birch Lake borrowing $15,000 in secured convertible notes payable (“BL Notes”). The BL Notes accrue interest at 12.75% per annum through January 31, 2021 and at 15.75% per annum thereafter. The BL Notes mature on the earliest of (i) October 6, 2021, (ii) the consummation of a Qualified SPAC Merger, (iii) the occurrence of a change in control, or (iv) the acceleration of the NPA obligations pursuant to an event of default. Additionally, the BL Notes contain a liquidation premium that ranges from 35% to 45% depending on the timing of settlement with 50% of this premium convertible into equity and the lender is able to demand repayment if an event of default, change in control, or a Qualified SPAC Merger occurs. The Company determined that the feature to settle the BL Notes at a premium upon the occurrence of a default, change in control, or a Qualified SPAC Merger is a contingently exercisable put option with a liquidation premium and represents an embedded derivative. The Company elected the fair value option for this note payable. See Note 4 Fair Value of Financial Instruments. The fair value of the note payable was $20,972 as of December 31, 2020.
[10]	During 2019, a U.S. corporation made deposits of $11,635 with the Company as an advance to purchase FF 91 vehicles. On February 1, 2020, due to production delays the Company entered into a deposit conversion agreement with this corporation to convert the deposit amounts previously paid into a note payable. Upon conversion, the Company reclassified the deposit recorded in other current liabilities as of December 31, 2019 to notes payable as of December 31, 2020. The note matured on December 31, 2020, bears interest at 8.0% per annum, has no covenants and is unsecured.
[11]	On January 13, 2021, the Company entered into a notes payable agreement under the NPA, as amended, (“January 13 Notes”) with a US-based investment firm for total principal of $11,250, receiving net proceeds of $10,350, inclusive of an 8% original issue discount and $480 of debt issuance costs paid directly by the lender. The note payable is collateralized by a first lien on virtually all tangible and intangible assets of the Company and bears interest at 0% per annum. The note payable matures on the earliest of (i) October 6, 2021, (ii) the consummation of a Qualified SPAC Merger, (iii) the occurrence of a change in control, or (iv) the occurrence of an acceleration event, such as an event of default. In the event the Company consummates a Qualified SPAC Merger, an amount equal to 130% of all outstanding principal, accrued and unpaid interest and accrued original issue discount under the notes through (but not including) the date of consummation of the Qualified SPAC Merger will automatically convert into Common Stock of PSAC received by the Company’s Class A ordinary stockholders and the notes and interest shall be deemed satisfied in full and terminated. The Company elected the fair value option for this note payable because the inclusion of a conversion feature that allows the lenders to convert the notes payable into Preferred Stock.
[12]	On April 17, 2020, the Company received loan proceeds from East West Bank of $9,168 under the Paycheck Protection Program (“PPP”). The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), provides for loans to qualifying businesses. The loans and accrued interest are forgivable as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent, and utilities, as described in the CARES Act. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries. The unforgiven portion of the PPP loan is payable over two years at an interest rate of 1%, with a deferral of payments for the later of the first six months or when the amount of the loan forgiveness is determined. The Company used the proceeds for purposes consistent with the PPP requirements. The Company is still in the process of applying for forgiveness and no amounts have been forgiven as of December 31, 2020. The note matures April 17, 2022, has no covenants, and is unsecured.
[13]	On January 13, 2021, the Company amended the NPA to increase the principal amount of its $15,000 note payable with a US-based investment firm by $667. The Company received no cash proceeds as the increase in principal was used to pay a consent fee to the US-based investment firm. The Company recorded the consent fee in Interest Expense on the unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss for the six months ended June 30, 2021. The consent fee permitted the issuance of additional notes payable to the US-based investment firm of $11,250 and $7,000, as described in (3) above.
[14]	On January 13, 2021, the Company amended the NPA to issue an additional note to Birch Lake, with the same terms as its $15,000 note payable to Birch Lake, in the amount of $666. The Company received no cash proceeds as the additional note was used to pay a consent fee to Birch Lake. The Company recorded the consent fee in Interest Expense on the unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss for the six months ended June 30, 2021. The consent fee permitted the issuance of additional notes payable to Birch Lake of $3,750 and $5,600, as described in (2) above.
[15]	The Company issued notes with various third parties through its operations in China.
[16]	On January 15, 2021, the Company borrowed $102 from a Chinese lender. The unsecured note payable is payable on demand and does not have a stated interest rate.

Notes Payable (Details) - Schedule of fair value of financial instruments - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Interest expense	$ 9,077	$ 7,281	$ 28,933	$ 15,672	$ 34,724	$ 25,918
January 13 and March 12, 2021 [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal			18,250,000
Accrued interest
Interest expense
Original issue discount			1,460,000
Debt issuance costs recorded in interest expense			480,000
Principal payments
Interest payments
Net proceeds			16,310,000
June 9, 2021 Note 1 [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal			20,000,000
Original issue discount			1,600,000
Debt issuance costs recorded in interest expense			197,000
Principal payments
Interest payments
Net proceeds			18,203,000
June 9, 2021 Note 2 [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal			20,000,000
Original issue discount			2,600,000
Debt issuance costs recorded in interest expense
Principal payments
Interest payments
Net proceeds			17,400,000
Debt Instrument, Fair Value 1 [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal			55,000,000
Accrued interest			654,000
Interest expense			654,000
Original issue discount			3,490,000
Debt issuance costs recorded in interest expense			315,000
Principal payments
Interest payments
Net proceeds			51,510,000
Debt Instrument, Fair Value 2 [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal			9,350,000
Accrued interest
Interest expense			177,000
Original issue discount			1,132,000
Debt issuance costs recorded in interest expense			1,502,000
Principal payments
Interest payments			177,000
Net proceeds			$ 8,218,000

Notes Payable (Details) - Schedule of principal maturities of notes payable - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2017
Notes Payable (Details) - Schedule of principal maturities of notes payable [Line Items]
Due on demand	$ 50,037
2021	186,300
2022	64,835
Total	$ 301,172	$ 66,332

Vendor Payables in Trust (Details) - FF Intelligent Mobility Global Holdings Ltd [Member]			1 Months Ended	3 Months Ended	6 Months Ended		11 Months Ended	12 Months Ended
	Jun. 07, 2021 USD ($)	Jun. 04, 2021 USD ($)	Jun. 30, 2021 USD ($) shares	Jun. 30, 2021 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 USD ($) shares	Dec. 31, 2019 USD ($)	Jun. 09, 2021 USD ($)	Jan. 13, 2021	Apr. 29, 2019
Vendor Payables in Trust (Details) [Line Items]
Vendor trust principal balance							6.00%	6.00%			14.00%
Gain from forgiveness of interests in vendor trust					$ (1,309)	$ (314)		$ 2,107
Shares issued from conversion (in Shares) \| shares								25,000,000
Operating cash outflow								$ 174,000
Financing cash inflow									115,900,000
Trade payable							$ 111,574,000	111,574,000	115,900,000
Vendor trust accrued interest								11,840,000	4,638,000
Aggregate payments									4,500,000
Goods and services								25,000,000.0
Extinguishment								1,812,000
Interest expense								462,000
Net carrying value								110,224,000
Fair value hierarchy, Vendor trust			$ 105,863,000	$ 105,863,000	105,863,000		127,130,000	127,130,000
Convertible Debt [Member]
Vendor Payables in Trust (Details) [Line Items]
Outstanding principal	$ 17,457,000									$ 10,000,000
Number of vendors	2
Payments to settle debt	$ 5,367,000		$ 28,355,000
Shares issued from conversion (in Shares) \| shares			10,456,642
Fair Value, Inputs, Level 3 [Member]
Vendor Payables in Trust (Details) [Line Items]
Fair value hierarchy, Vendor trust							109,762,000	109,762,000	$ 112,488,000
Vendor Trust [Member] \| Convertible Debt [Member]
Vendor Payables in Trust (Details) [Line Items]
Vendor trust principal balance												6.00%
Outstanding principal			$ 109,565,000	109,565,000	109,565,000		111,574,000	111,574,000
Accrued interest			13,358,000	13,358,000	13,358,000		11,840,000	11,840,000
Purchase orders included					8,380,000		25,000,000
Interest expense				679,000	1,350,000
Carrying value			109,574,000	109,574,000	109,574,000		110,224,000	110,224,000
Principal amounts converted or repaid		$ 14,166,000
Vendor Trust [Member] \| Fair Value, Inputs, Level 3 [Member] \| Convertible Debt [Member]
Vendor Payables in Trust (Details) [Line Items]
Vendor trust, fair value			$ 117,575,000	$ 117,575,000	$ 117,575,000		$ 109,762,000	$ 109,762,000
Vendor Trust, Services Performed [Member] \| Convertible Debt [Member]
Vendor Payables in Trust (Details) [Line Items]
Principal amounts converted or repaid		1,901,000
Gain from forgiveness of interests in vendor trust		$ 1,731,000

Commitments and Contingencies (Details)	6 Months Ended	11 Months Ended	12 Months Ended
Commitments and Contingencies (Details)	Jun. 30, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Commitments and Contingencies (Details) [Line Items]
Percentage of gross proceeds from initial public offering	3.50%	3.50%
Gross proceeds of initial public offering	$ 8,042,149	$ 8,042,149
Percentage of fee allocable	33.00%	33.00%
FF Intelligent Mobility Global Holdings Ltd [Member]
Commitments and Contingencies (Details) [Line Items]
Contingent liabilities	$ 13,127,000	$ 6,025,000	$ 6,025,000	$ 10,780,000
General and administrative expense	6,309,000		6,082,000
Cash settled	2,850,000			890,000
Rent expense			$ 2,452,000	$ 4,282,000
Number of pending legal matters		4	4	6
Legal claims settled amount			$ 2,500,000
Loss from settlement of legal matter	2,255,000
Vendor payments			6,082,000
Reversed contingent liabilities				$ 12,960,000
Termination claim settled				550,000
Vendor Trust [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Commitments and Contingencies (Details) [Line Items]
Vendor was settled amount				4,500,000
Accounts Payable [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Commitments and Contingencies (Details) [Line Items]
Contingent liabilities, current	12,333,000
Accrued Liabilities [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Commitments and Contingencies (Details) [Line Items]
Contingent liabilities, current	$ 794,000	$ 5,025,000	5,025,000
Other Liabilities [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Commitments and Contingencies (Details) [Line Items]
Contingent liabilities, current		1,000,000	1,000,000	3,305,000
Non-current contingent liabilities		$ 1,000,000	$ 1,000,000	7,475,000
Settled Legal Matter [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Commitments and Contingencies (Details) [Line Items]
Reversed contingent liabilities				$ 1,725,000
Class A Ordinary Stock [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Commitments and Contingencies (Details) [Line Items]
Issue stock options (in Shares) \| shares	6,000,000
Exercise price per share (in Dollars per share) \| $ / shares	$ 0.36

Preferred and Ordinary Stock (Details)			6 Months Ended	12 Months Ended
Preferred and Ordinary Stock (Details)	Jul. 21, 2021 USD ($)	May 13, 2021 USD ($) $ / shares shares	Jun. 30, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares	Jan. 27, 2021 $ / shares shares	Dec. 31, 2019 USD ($) $ / shares shares	Jun. 27, 2018 USD ($)
Preferred and Ordinary Stock (Details) [Line Items]
Aggregating principal amount (in Dollars) \| $	$ 130,479,000
Preferred stock, shares authorized			1,000,000	1,000,000
Preferred stock, par value (in Dollars per share) \| $ / shares			$ 0.0001	$ 0.0001
Common stock shares authorized			50,000,000	50,000,000
Common stock, par value (in Dollars per share) \| $ / shares			$ 0.0001	$ 0.0001
Common stock, shares issued			6,538,943	7,227,474
Common stock, shares outstanding			6,538,943	7,227,474
Shares subject to possible redemption (in Dollars) \| $			$ 22,977,568	$ 22,289,037
FF Intelligent Mobility Global Holdings Ltd [Member]
Preferred and Ordinary Stock (Details) [Line Items]
Authorized Shares					2,016,311,662
Accrued interest (in Dollars) \| $							$ 5,805,000
Voting description			The holders of Class A Preferred Stock are entitled to one vote for each share held by such holder.
Shares redemption occurs, description				The redemption price per share is determined by a calculation of the following amounts divided by the number of Redeemable Preference Stock issued as of December 31, 2020: $600,000 if redemption occurs prior to December 31, 2019; $700,000 if redemption occurs on or after December 31, 2019, but prior to December 31, 2020; $800,000 if redemption occurs on or after December 31, 2020, but prior to December 31, 2021; $920,000 if redemption occurs on or after December 31, 2021, but prior to December 31, 2022; and $1,050,000 if redemption occurs on or after December 31, 2022.
Redeemable preference stock shares				313,725,490
Class A Ordinary Stock [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Preferred and Ordinary Stock (Details) [Line Items]
Authorized shares issued					87,615,555
Common stock shares authorized			665,209,680	400,000,000		400,000,000
Common stock, par value (in Dollars per share) \| $ / shares			$ 0.00001	$ 0.00001		$ 0.00001
Common stock, shares issued			64,224,007	41,234,448		40,879,124
Common stock, shares outstanding			64,224,007	41,234,448		40,879,124
Class A-1 Convertible Preferred Stock [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Preferred and Ordinary Stock (Details) [Line Items]
Authorized shares issued		19,546,600	87,617,555	0	158,479,868
Temporary equity par value (in Dollars per share) \| $ / shares		$ 1.67	$ 0.00001	$ 0.00001	$ 0.00001
Aggregating principal amount (in Dollars) \| $		$ 90,869
Converted shares		57,513,413
Business combination with a conversion ratio		7.077
Liquidation preference per share (in Dollars per share) \| $ / shares			$ 1.67
Class A-2 Convertible Preferred Stock [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Preferred and Ordinary Stock (Details) [Line Items]
Authorized shares issued			158,479,868	0	1,475,147
Temporary equity par value (in Dollars per share) \| $ / shares		$ 1.96	$ 0.00001	$ 0.00001	$ 0.00001
Liquidation preference per share (in Dollars per share) \| $ / shares			1.96
Class A-3 Convertible Preferred Stock [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Preferred and Ordinary Stock (Details) [Line Items]
Temporary equity par value (in Dollars per share) \| $ / shares					$ 0.00001
Liquidation preference per share (in Dollars per share) \| $ / shares			$ 1.715
FF Intelligent Mobility Global Holdings Ltd [Member] \| Class A-1 Convertible Preferred Stock [Member]
Preferred and Ordinary Stock (Details) [Line Items]
Accrued interest (in Dollars) \| $		$ 43,490
Class B Ordinary Stock [Member]
Preferred and Ordinary Stock (Details) [Line Items]
Number of shares of capital stock				1,650,588,235
Class B Ordinary Stock [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Preferred and Ordinary Stock (Details) [Line Items]
Number of shares of capital stock				80,000,000
Common stock shares authorized			180,000,000	180,000,000		100,000,000
Common stock, par value (in Dollars per share) \| $ / shares			$ 0.00001	$ 0.00001		$ 0.00001
Common stock, shares issued			150,052,834	147,058,823		0
Common stock, shares outstanding			150,052,834	147,058,823		0
Class C Preferred Stock [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Preferred and Ordinary Stock (Details) [Line Items]
Due to shares increase.				1,715,186
Redeemable Preferred Stock [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Preferred and Ordinary Stock (Details) [Line Items]
Votes for each share holder				0.5625
Stock issued (in Dollars) \| $				$ 600,000,000
Liquidation preference (in Dollars) \| $				$ 800,000,000		$ 800,000,000
Class B Preferred Stock [Member]
Preferred and Ordinary Stock (Details) [Line Items]
Votes for each share holder				ten
Class B Preferred Stock [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Preferred and Ordinary Stock (Details) [Line Items]
Price per share (in Dollars per share) \| $ / shares				$ 2,444
Liquidation preference (in Dollars) \| $				$ 1,106,988,000		$ 1,466,400,000
Conversion of shares, description				During 2020, 147,058,823 shares of the Company’s Class B Preferred Stock automatically converted into 147,058,823 shares of the Company’s Class B Ordinary Stock at a conversion rate of one for one.

Preferred and Ordinary Stock (Details) - Schedule of authorized, issued and outstanding stock, liquidation value and carrying value - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ in Thousands	6 Months Ended	11 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Class of Stock [Line Items]
Authorized Shares	2,016,311,662	1,650,588,235
Issued and Outstanding Shares	1,214,866,266	1,111,822,683	1,111,467,359
Liquidation Value	$ 2,041,347	$ 1,906,988
Carrying Value	$ 1,556,826	$ 1,422,467
Redeemable Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Authorized Shares	470,588,235	470,588,235
Issued and Outstanding Shares	470,588,235	470,588,235	470,588,235
Liquidation Value	$ 800,000	$ 800,000
Carrying Value	$ 724,823	$ 724,823
Class A-1 Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Authorized Shares	87,617,555
Issued and Outstanding Shares	57,513,413
Liquidation Value	$ 96,048
Carrying Value	$ 96,048
Class A-2 Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Authorized Shares	158,479,868
Issued and Outstanding Shares	19,546,600
Liquidation Value	$ 38,311
Carrying Value	$ 38,311
Class A-3 Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Authorized Shares	1,475,147
Issued and Outstanding Shares
Liquidation Value
Carrying Value
Class B Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Authorized Shares	452,941,177	600,000,000
Issued and Outstanding Shares	452,941,177	452,941,177
Liquidation Value	$ 1,106,988	$ 1,106,988
Carrying Value	$ 697,643	$ 697,643
Class A Ordinary Stock [Member]
Class of Stock [Line Items]
Authorized Shares	665,209,680	400,000,000
Issued and Outstanding Shares	64,224,007	41,234,448	40,879,124
Liquidation Value
Carrying Value
Class B Ordinary Stock [Member]
Class of Stock [Line Items]
Authorized Shares	180,000,000	180,000,000
Issued and Outstanding Shares	150,052,834	147,058,823
Liquidation Value
Carrying Value	$ 1	$ 1

Stock-Based Compensation (Details) - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	6 Months Ended	11 Months Ended	12 Months Ended
	Jan. 27, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Jun. 30, 2020	May 02, 2020	Feb. 01, 2018
Stock-Based Compensation (Details) [Line Items]
Amount available for future issuance		13,875,574
Total remaining stock-based compensation expense (in Dollars)			$ 11,861	$ 11,861
Weighted average period for expense to be recognized				3 years 1 month 6 days
Voting rights percentage				10.00%
Fair value percentage				110.00%
Contractual terms				10 years
Total grant date fair value (in Dollars per share)				$ 4,953	$ 2,903
Minimum [Member]
Stock-Based Compensation (Details) [Line Items]
Vesting terms				1 year
Maximum [Member]
Stock-Based Compensation (Details) [Line Items]
Vesting terms				4 years
Equity Incentive Plan [Member]
Stock-Based Compensation (Details) [Line Items]
Number of shares authorized for gran								300,000,000
Total remaining stock-based compensation expense (in Dollars)		$ 13,100
Granted		26,831,376	96,012,077
Granted per shares (in Dollars per share)		$ 0.58	$ 0.34
STI Plan [Member]
Stock-Based Compensation (Details) [Line Items]
Number of shares authorized for gran		100,000,000					100,000,000
Total remaining stock-based compensation expense (in Dollars)			$ 1,109	$ 1,109		$ 4,937
Weighted average period for expense to be recognized				1 year
Granted	2,827,695	30,043,068	38,447,116
Granted per shares (in Dollars per share)	$ 0.391	$ 0.97	$ 0.35
Accrued outstanding rent payments (in Dollars)	$ 947
Total grant date fair value (in Dollars per share)				$ 6,860	$ 1,302
FF Global Partners [Member]
Stock-Based Compensation (Details) [Line Items]
Executives employees amount (in Dollars)				$ 24,000	$ 79,800
Executives employees per share (in Dollars per share)				$ 0.50
Annual installments years				10 years
Stock Option [Member] \| Equity Incentive Plan [Member]
Stock-Based Compensation (Details) [Line Items]
Weighted average period for expense to be recognized		3 years 1 month 6 days
Class A Ordinary Stock [Member]
Stock-Based Compensation (Details) [Line Items]
Granted		6,000,000
Granted per shares (in Dollars per share)		$ 0.36
Shares issued			43,327,415	43,327,415	107,789,887
Class A Ordinary Stock [Member] \| STI Plan [Member]
Stock-Based Compensation (Details) [Line Items]
Shares issued			45,932,116	45,932,116

Stock-Based Compensation (Details) - Schedule of stock option activity - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	6 Months Ended	11 Months Ended
	Jan. 27, 2021	Jun. 30, 2021	Dec. 31, 2020	Feb. 10, 2020
Equity Incentive Plan [Member]
Stock-Based Compensation (Details) - Schedule of stock option activity [Line Items]
Number of Options, Outstanding Beginning balance	215,769,994	215,769,994
Weighted Average Exercise Price, Outstanding Beginning balance	$ 0.35	$ 0.35
Weighted Average Remaining Contractual Life (Years), Outstanding Beginning balance		8 years 9 months
Aggregate Intrinsic Value, Outstanding Beginning balance		$ 885	$ 885	$ 2,197
Number of Options, Granted		26,831,376	96,012,077
Weighted Average Exercise Price, Granted		$ 0.58	$ 0.34
Number of Options, Exercised		(18,871,140)	(383,994)
Weighted Average Exercise Price, Exercised		$ 0.32	$ 0.34
Number of Options, Cancelled/forfeited		(3,452,693)	(31,189,078)
Weighted Average Exercise Price, Cancelled/forfeited		$ 0.35	$ 0.32
Number of Options, Outstanding Ending balance		220,277,537	215,769,994
Weighted Average Exercise Price, Outstanding Ending balance		$ 0.38	$ 0.35
Weighted Average Remaining Contractual Life (Years), Outstanding Ending balance		8 years 5 months 15 days
Aggregate Intrinsic Value, Outstanding Ending balance		$ 263,084
STI Plan [Member]
Stock-Based Compensation (Details) - Schedule of stock option activity [Line Items]
Number of Options, Outstanding Beginning balance	45,932,116	45,932,116
Weighted Average Exercise Price, Outstanding Beginning balance	$ 0.35	$ 0.35
Weighted Average Remaining Contractual Life (Years), Outstanding Beginning balance		9 years 3 months 3 days
Aggregate Intrinsic Value, Outstanding Beginning balance		$ 1,174	$ 1,174
Number of Options, Granted	2,827,695	30,043,068	38,447,116
Weighted Average Exercise Price, Granted	$ 0.391	$ 0.97	$ 0.35
Number of Options, Exercised		(4,377,118)
Weighted Average Exercise Price, Exercised		$ 0.36
Number of Options, Cancelled/forfeited		(5,880,833)
Weighted Average Exercise Price, Cancelled/forfeited		$ 0.36
Number of Options, Outstanding Ending balance		65,717,233	45,932,116
Weighted Average Exercise Price, Outstanding Ending balance		$ 0.63	$ 0.35
Weighted Average Remaining Contractual Life (Years), Outstanding Ending balance		7 years 6 months 14 days
Aggregate Intrinsic Value, Outstanding Ending balance		$ 27,294

Stock-Based Compensation (Details) - Schedule of weighted-average assumptions - FF Intelligent Mobility Global Holdings Ltd [Member] - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Equity Incentive Plan [Member]
Stock-Based Compensation (Details) - Schedule of weighted-average assumptions [Line Items]
Risk-free interest rate:	0.22%
Expected term (in years):	2 years 10 months 20 days
Expected volatility:	49.24%
Dividend yield:	0.00%
Grant date fair value per share: (in Dollars per share)	$ 0.58
STI Plan [Member]
Stock-Based Compensation (Details) - Schedule of weighted-average assumptions [Line Items]
Risk-free interest rate:	1.31%	0.59%	2.20%
Expected term (in years):	10 years
Expected volatility:	40.22%
Dividend yield:	0.00%
Grant date fair value per share: (in Dollars per share)	$ 0.60

Stock-Based Compensation (Details) - Schedule of stock-based compensation expense - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 948	$ 2,891	$ 3,467	$ 3,656	$ 25	$ 26
Research and development [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	1,070	495	1,660	637	941	818
Sales and marketing [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	306	193	505	248	387	311
General and administrative [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ (428)	$ 2,203	$ 1,302	$ 2,771	$ 8,177	$ 3,481

Net Loss per Share (Details)	Jun. 30, 2021	Jun. 30, 2020
FF Intelligent Mobility Global Holdings Ltd [Member]
Net Loss per Share (Details) [Line Items]
Number of classes of participating securities	4	2

Net Loss per Share (Details) - Schedule of anti-dilutive shares excluded from calculation of diluted net loss per share - FF Intelligent Mobility Global Holdings Ltd [Member] - shares	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	1,465,696,375	1,110,134,188
Stock-based compensation awards – employees [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	220,277,537	148,997,109
Stock-based compensation awards – non-employees [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	65,717,233	37,607,667
Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	10,198,958
Redeemable Preference Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	470,588,235	470,588,235
Class A-1 Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	57,513,413
Class A-2 Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	19,546,600
Class B Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	452,941,177	452,941,177
Convertible related party notes payable and convertible notes payable [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	168,913,222

Subsequent Events (Details) - USD ($)											1 Months Ended							2 Months Ended		6 Months Ended		11 Months Ended	12 Months Ended
Subsequent Events (Details) - USD ($)	Sep. 07, 2021	Aug. 10, 2021	Aug. 05, 2021	Jul. 21, 2021	Jun. 04, 2021	May 13, 2021	Mar. 12, 2021	Mar. 08, 2021	Mar. 02, 2021	Jan. 13, 2021	Aug. 26, 2021	Jul. 21, 2021	Jun. 30, 2021	Feb. 28, 2021	Jan. 27, 2021	Sep. 30, 2020	Jul. 31, 2020	Jul. 21, 2021	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Jun. 09, 2021	Jun. 07, 2021	Mar. 31, 2021	Jan. 31, 2021	Jul. 24, 2020	Feb. 14, 2020	Apr. 29, 2019
Subsequent Events (Details) [Line Items]
Principal amounts converted				$ 130,479,000
Number of shares purchased (in shares) (in Shares)																	2,977,568
Purchase price (in Dollars per share)																	$ 10.00					$ 10.00	$ 10.00						$ 10.00
Aggregate purchase price															$ 761,400,000		$ 30,371,190
Loss on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net																$ 87,000
Exercise price (in Dollars per share)													$ 2.72							$ 2.72
Aggregate principal																										$ 200,000				$ 150,000
Purchase of license																						$ 75,000
Number of common stock																			$ 25,820			25,000
Warrant issued																						$ 820
Amount of note converted in to units														$ 500,000
Class A Ordinary Stock [Member]
Subsequent Events (Details) [Line Items]
Aggregate shares able to be purchased from warrants issued (in Shares)													1,930,147							1,930,147
Notes Payable, Convertible, Due December 2022, June 2021 Notes [Member]
Subsequent Events (Details) [Line Items]
Aggregate principal				$ 33,917,000								$ 33,917,000						$ 33,917,000
Convertible Promissory Note [Member]
Subsequent Events (Details) [Line Items]
Aggregate principal														500,000												$ 200,000
Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Additinal shares issued (in Shares)												25,869,594
Number of shares purchased (in shares) (in Shares)												76,140,000
Purchase price (in Dollars per share)				$ 10								$ 10						$ 10
Aggregate purchase price												$ 761,400,000
Transaction costs												93,280,000
Transaction costs paid												24,610,000
Transaction costs recorded to equity												68,670,000
Payments to settle liabilities												144,924,000
Principal amounts converted or repaid												$ 116,518,000
Settlement of accounts payable				$ 110,035,000
Settlement of purchase orders of goods yet to be received				8,380,000
Settlement of accrued interest of accounts payable				14,506,000
Settlement of amounts due to vendors				19,791,000
Settlement of amounts due to active and former employees				$ 23,638,000
Aggregate shares able to be purchased from warrants issued (in Shares)				298,611,892								298,611,892						298,611,892
Contingent consideration, earnout shares (in Shares)				25,000,000
Fair value of earnout shares				$ 293,853,000
Aggregate principal														$ 500,000
Debt issuance costs		$ 828,000									$ 87
interest, per annum											14.00%
Aggregate principal amount											$ 30,000
Net proceeds											$ 29,913
Subsequent event, description											(i) March 1, 2022, (ii) the occurrence of a change in control, or (iii) the occurrence of an acceleration event, such as a default. Additionally, upon closing of the Merger, the minimum cash provision, which requires the Company to maintain minimum cash on hand at all times, increased from $5,000 to $25,000.
Purchase of license	$ 50,000
Merger agreement, description															(“FF Top”), shares of new Class B common stock of the Company (“New FF common stock”) following the Transactions based on an exchange ratio (the “Exchange Ratio”), the numerator of which is equal to (i)(A) the number of shares of the Company common stock equal to $2,716,000,000 (plus net cash of FF, less debt of FF, plus debt of FF that will be converted into shares of the Company common stock, plus any additional bridge loan in an amount not to exceed $100,000,000), (B) divided by $10, minus (ii) an additional 25,000,000 shares which may be issuable to FF stockholders as additional consideration upon certain price thresholds, and the denominator of which is equal to the number of outstanding shares of FF, including shares issuable upon exercise of vested FF options and vested FF warrants (in each case assuming cashless exercise) and upon conversion of outstanding convertible notes.
Subsequent Event [Member] \| Notes Payable, Related Party [Member] \| Affiliated Entity [Member]
Subsequent Events (Details) [Line Items]
Accrued interest converted				29,958,000
Principal amounts converted or repaid												$ 60,104,000
Accrued interest settled												$ 8,584,000
Subsequent Event [Member] \| Forecast [Member]
Subsequent Events (Details) [Line Items]
Loss on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net				$ 90,531,000
Subsequent Event [Member] \| Class A-2 Convertible Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
Additinal shares issued (in Shares)				119,191,029
Subsequent Event [Member] \| Class A-1 Convertible Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
Additinal shares issued (in Shares)												15,792,771
Subsequent Event [Member] \| Class A-3 Convertible Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
Additinal shares issued (in Shares)												1,281,976
Subsequent Event [Member] \| Class A Ordinary Stock [Member]
Subsequent Events (Details) [Line Items]
Aggregate shares able to be purchased from warrants issued (in Shares)				44,880,595								44,880,595						44,880,595
Aggregate shares able to be purchased from warrants issued (in Shares)				44,880,595								44,880,595						44,880,595
Shares of common stock (in Shares)			670,092
Subsequent Event [Member] \| Earnout Shares, Tranche One [Member]
Subsequent Events (Details) [Line Items]
Contingent consideration, earnout shares (in Shares)				12,500,000
Contingent consideration, earnout shares, stock price trigger (in Dollars per share)				$ 13.50								$ 13.50						$ 13.50
Subsequent Event [Member] \| Earnout Shares, Tranche Two [Member]
Subsequent Events (Details) [Line Items]
Contingent consideration, earnout shares (in Shares)				12,500,000
Contingent consideration, earnout shares, stock price trigger (in Dollars per share)				$ 15.50								$ 15.50						$ 15.50
Subsequent Event [Member] \| Convertible Promissory Note [Member]
Subsequent Events (Details) [Line Items]
Conversion price per unit (in Dollars per share)														$ 10.00
Aggregate principal amount														$ 500,000
Convertible debt														$ 500,000
Subsequent Event [Member] \| Equity Incentive Plan [Member]
Subsequent Events (Details) [Line Items]
Granted (in Shares)		4,845,901
Granted (in Dollars per share)		$ 1.572
Subsequent Event [Member] \| STI Plan [Member]
Subsequent Events (Details) [Line Items]
Granted (in Shares)		9,137,207
Granted (in Dollars per share)		$ 1.572
FF Intelligent Mobility Global Holdings Ltd [Member]
Subsequent Events (Details) [Line Items]
Additinal shares issued (in Shares)																							25,000,000
Redemption of shares																							$ 11
Number of shares purchased (in shares) (in Shares)																				76,140,000
Purchase price (in Dollars per share)													$ 10							$ 10
Aggregate purchase price																				$ 761,400,000
Transaction costs																				7,865,000
Loss on extinguishment of related party notes payable, notes payable, and vendor payables in trust, net																				$ (1,309)	$ (314)		2,107
Aggregate shares able to be purchased from warrants issued (in Shares)													19,016,865							19,016,865							2,167,254	270,200
Exercise price (in Dollars per share)													$ 10							$ 10							$ 2.71	$ 2.72
Proceeds from notes payable																				$ 111,740	$ 9,468		$ 40,895	55,272
interest, per annum										14.00%												6.00%	6.00%
Loan amount																							$ 100,000,000
Bear interest rate									14.00%
Cash paid rent																							2,452,000	4,282,000
Net proceeds																								$ 29,000
Aggregate principal amount																				40,935,000
Amount of note converted in to units																							$ 226,506
FF Intelligent Mobility Global Holdings Ltd [Member] \| Third-party investment [Member]
Subsequent Events (Details) [Line Items]
Aggregate purchase price							$ 6,440,000
Aggregate principal							$ 7,000,000
Bear interest rate							0.00%
FF Intelligent Mobility Global Holdings Ltd [Member] \| Notes Payable, Related Party [Member] \| Affiliated Entity [Member]
Subsequent Events (Details) [Line Items]
Principal amounts converted or repaid																				$ 60,104,000
FF Intelligent Mobility Global Holdings Ltd [Member] \| First Out Notes to Birch Lake and Lender [Member]
Subsequent Events (Details) [Line Items]
Principal amounts converted										$ 1,333,000
FF Intelligent Mobility Global Holdings Ltd [Member] \| First Out Notes issued to Birch Lake and the lenders [Member]
Subsequent Events (Details) [Line Items]
Principal amounts converted										15,000,000
FF Intelligent Mobility Global Holdings Ltd [Member] \| Ares Direct Finance I LP [Member]
Subsequent Events (Details) [Line Items]
Principal amounts converted										$ 85,000,000
FF Intelligent Mobility Global Holdings Ltd [Member] \| Class A-2 Convertible Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
Aggregate shares (in Shares)													19,546,600							19,546,600		0	0
FF Intelligent Mobility Global Holdings Ltd [Member] \| Class A-2 Convertible Preferred Stock [Member] \| Notes Payable, Related Party [Member] \| Affiliated Entity [Member]
Subsequent Events (Details) [Line Items]
Principal amounts converted																				$ 130,479,000
Additinal shares issued (in Shares)																				81,855,608
FF Intelligent Mobility Global Holdings Ltd [Member] \| Class A-1 Convertible Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
Principal amounts converted						$ 90,869
Aggregate shares (in Shares)													57,513,413							57,513,413		0	0
FF Intelligent Mobility Global Holdings Ltd [Member] \| Class B Ordinary Stock [Member]
Subsequent Events (Details) [Line Items]
Redemption of shares
Amount of note converted in to units																							1
FF Intelligent Mobility Global Holdings Ltd [Member] \| Class A Ordinary Stock [Member]
Subsequent Events (Details) [Line Items]
Redemption of shares
Aggregate shares able to be purchased from warrants issued (in Shares)													44,880,595							44,880,595
Conversion price per unit (in Dollars per share)										$ 10
Granted (in Shares)																				6,000,000
Granted (in Dollars per share)																				$ 0.36
Number of common stock purchased by investors (in Shares)																						43,327,415	43,327,415	107,789,887
Amount of note converted in to units
FF Intelligent Mobility Global Holdings Ltd [Member] \| Common Stock [Member]
Subsequent Events (Details) [Line Items]
Number of common stock																							$ 2,716,000
Aggregate shares (in Shares)																						79,500,000	79,500,000
Aggregate purchase price																							$ 795,000,000
FF Intelligent Mobility Global Holdings Ltd [Member] \| CH Capital [Member]
Subsequent Events (Details) [Line Items]
Aggregate principal															$ 2,827,695,000
Liquidation premium, percent															2.00%
Accrued outstanding rent															$ 995,000
Cash paid rent															$ 130,000
FF Intelligent Mobility Global Holdings Ltd [Member] \| Equity Incentive Plan [Member]
Subsequent Events (Details) [Line Items]
Granted (in Shares)																				26,831,376		96,012,077
Granted (in Dollars per share)																				$ 0.58		$ 0.34
FF Intelligent Mobility Global Holdings Ltd [Member] \| STI Plan [Member]
Subsequent Events (Details) [Line Items]
Granted (in Shares)															2,827,695					30,043,068		38,447,116
Granted (in Dollars per share)															$ 0.391					$ 0.97		$ 0.35
Accrued outstanding rent															$ 947,000
FF Intelligent Mobility Global Holdings Ltd [Member] \| STI Plan [Member] \| Class A Ordinary Stock [Member]
Subsequent Events (Details) [Line Items]
Number of common stock purchased by investors (in Shares)																						45,932,116	45,932,116
FF Intelligent Mobility Global Holdings Ltd [Member] \| Qualified SPAC Merger [Member]
Subsequent Events (Details) [Line Items]
Principal amounts converted								$ 5,600,000
interest, per annum								50.00%
Bear interest rate								15.75%
FF Intelligent Mobility Global Holdings Ltd [Member] \| Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Principal amounts converted or repaid																		$ 116,518,000
FF Intelligent Mobility Global Holdings Ltd [Member] \| Subsequent Event [Member] \| Class A-2 Convertible Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
Principal amounts converted																		$ 119,191,029,000
FF Intelligent Mobility Global Holdings Ltd [Member] \| Subsequent Event [Member] \| Class A-1 Convertible Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
Additinal shares issued (in Shares)																		15,792,771
FF Intelligent Mobility Global Holdings Ltd [Member] \| Subsequent Event [Member] \| Class A-3 Convertible Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
Additinal shares issued (in Shares)																		1,281,976
FF Intelligent Mobility Global Holdings Ltd [Member] \| Note Purchase Agreement [Member]
Subsequent Events (Details) [Line Items]
Principal amounts converted									$ 55,000,000
Private Placement [Member]
Subsequent Events (Details) [Line Items]
Number of shares purchased (in shares) (in Shares)																	59,551
Purchase price (in Dollars per share)																	$ 10.00					$ 10.00	$ 10.00
Notes Payable, Other Payables [Member] \| Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Accrued interest settled												$ 12,431,000
Notes Payable, Other Payables [Member] \| Subsequent Event [Member] \| Class A-2 Convertible Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
Principal amounts converted				$ 56,000,000
Accrued interest converted				17,177,000
Notes Payable, Other Payables [Member] \| Subsequent Event [Member] \| Class A-1 Convertible Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
Principal amounts converted				17,600,000
Accrued interest converted												5,399,000
Notes Payable, Other Payables [Member] \| Subsequent Event [Member] \| Class A-3 Convertible Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
Principal amounts converted												1,500,000
Accrued interest converted												$ 699,000
Notes Payable, Other Payables [Member] \| Subsequent Event [Member] \| Notes Payable, Convertible, Due December 2022, June 2021 Notes [Member]
Subsequent Events (Details) [Line Items]
Aggregate principal		$ 33,917,000
Proceeds from notes payable				30,375,000
Original issue discount percent		8.00%
interest, per annum		15.00%
Conversion price per unit (in Dollars per share)		$ 10
Liquidation premium, percent		30.00%
Notes Payable, Other Payables [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Subsequent Events (Details) [Line Items]
Proceeds from notes payable
Aggregate principal amount
Notes Payable, Other Payables [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member] \| Subsequent Event [Member] \| Class A-2 Convertible Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
Principal amounts converted																		$ 56,000,000
Notes Payable, Other Payables [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member] \| Subsequent Event [Member] \| Class A-1 Convertible Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
Principal amounts converted																		17,600,000
Notes Payable, Other Payables [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member] \| Subsequent Event [Member] \| Class A-3 Convertible Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
Principal amounts converted																		$ 1,500,000
Convertible Debt [Member] \| Subsequent Event [Member] \| Vendor Trust [Member]
Subsequent Events (Details) [Line Items]
Principal amounts converted or repaid				$ 130,671,000
Convertible Debt [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Subsequent Events (Details) [Line Items]
Additinal shares issued (in Shares)													10,456,642
Convertible Debt [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member] \| Vendor Trust [Member]
Subsequent Events (Details) [Line Items]
Principal amounts converted or repaid					$ 14,166,000
interest, per annum																															6.00%
Minimum [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member] \| Third-party investment [Member]
Subsequent Events (Details) [Line Items]
Original issue discount percent							8.00%
Minimum [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member] \| Qualified SPAC Merger [Member]
Subsequent Events (Details) [Line Items]
Liquidation premium, percent								42.00%
Maximum [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member] \| Third-party investment [Member]
Subsequent Events (Details) [Line Items]
Original issue discount percent							130.00%
Maximum [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member] \| Qualified SPAC Merger [Member]
Subsequent Events (Details) [Line Items]
Liquidation premium, percent								52.00%
US-Based Investment Firm Warrants [Member] \| Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Aggregate shares able to be purchased from warrants issued (in Shares)		1,187,083		19,016,865								19,016,865						19,016,865
Exercise price (in Dollars per share)		$ 10
Class of warrant or right vesting period		7 years
US-Based Investment Firm Warrants [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Subsequent Events (Details) [Line Items]
Aggregate shares able to be purchased from warrants issued (in Shares)																									5,831,357
Exercise price (in Dollars per share)																									$ 2,572.3000
Warrant [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Subsequent Events (Details) [Line Items]
Warrant issued									$ 3,993,000
PSAC [Member] \| Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Cash raised												$ 229,653,000
Redemption of shares				$ 206,000								$ 206,000
Redemption of shares (in Shares)				20,600
Redemption price (in Dollars per share)				$ 10
Aggregate shares able to be purchased from warrants issued (in Shares)				23,652,119								23,652,119						23,652,119
Exercise price (in Dollars per share)				$ 11.50								$ 11.50						$ 11.50
PSAC [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member] \| Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Cash raised				$ 229,653,000
PSAC [Member] \| Public Warrants [Member] \| Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Aggregate shares able to be purchased from warrants issued (in Shares)				22,977,568								22,977,568						22,977,568
PSAC [Member] \| Private Placement Warrants [Member] \| Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Aggregate shares able to be purchased from warrants issued (in Shares)				674,551								674,551						674,551
FF Top Holdings LLC [Member] \| Class B Ordinary Stock [Member]
Subsequent Events (Details) [Line Items]
Amount of shares issued from from conversion of debt and certain other outstanding liabilities (in shares) (in Shares)				64,000,588
FF Top Holdings LLC [Member] \| Class A Ordinary Stock [Member]
Subsequent Events (Details) [Line Items]
Amount of shares issued from from conversion of debt and certain other outstanding liabilities (in shares) (in Shares)				128,084,555
Subscription Agreement [Member] \| Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Aggregate purchase price															$ 775,000,000
Number of common stock purchased by investors (in Shares)															77,500,000
Purchase price per share (in Dollars per share)															$ 10.00
Subscription Agreement [Member] \| Subsequent Event [Member] \| PSAC Merger Sub, Ltd. [Member]
Subsequent Events (Details) [Line Items]
Aggregate purchase price															$ 795,000,000
Number of common stock purchased by investors (in Shares)															79,500,000
Purchase price per share (in Dollars per share)															$ 10.00
Subscription Agreement [Member] \| Private Placement [Member] \| Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Number of common stock purchased by investors (in Shares)															17,500,000
Net proceeds															$ 175,000,000
Subscription Agreement [Member] \| Private Placement [Member] \| Additional issuance [Member] \| Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Aggregate purchase price															$ 20,000,000
Number of common stock purchased by investors (in Shares)															2,000,000
Purchase price per share (in Dollars per share)															$ 10.00

Summary of Significant Accounting Policies (Details) ¥ in Thousands	1 Months Ended		6 Months Ended	11 Months Ended	12 Months Ended
	Aug. 04, 2020	Nov. 18, 2019	Jun. 30, 2021 USD ($) shares	Dec. 31, 2020 USD ($) shares	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2020 CNY (¥)	Sep. 30, 2020 USD ($)	Mar. 24, 2019 USD ($)
Summary of Significant Accounting Policies (Details) [Line Items]
Number of shares in calculation of diluted loss per share (in Shares) \| shares			23,572,119	23,572,119
Federal deposit insurance corporation coverage			$ 250,000	$ 250,000
FF Intelligent Mobility Global Holdings Ltd [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Equity transfer agreement, description	an equity transfer agreement (the “Equity Transfer Agreement”) was entered into between the Company and LeSEE Zhile, pursuant to which, LeSEE Zhile transferred 48% equity of LeSEE to the Company for no consideration. After the transfer, LeSEE Zhile owns 1% of LeSEE and the Company owns 99% of LeSEE, making LeSEE a majority-owned subsidiary of the Company and no longer a VIE since LeSEE is consolidated through majority voting and equity interests.
Non-refundable initial deposit									$ 5,000,000
Fair value of conditional obligation				1,128,000	$ 1,128,000	$ 5,000,000
Receive capital no less than through the closing of the merger agreement								$ 500,000,000
Extinguishment noncontrolling interest related errors adjustment					8,602,000
Vendor trust payables				10,737,000	10,737,000
Accrued expenses and other current liabilities					8,877,000
Increase decrease in distribution of noncontrolling interest					8,602,000
Extinguishment of noncontrolling interest					3,049,000
Accounts payable				10,737,000	10,737,000
Noncontrolling Interest, Description		As Previously Reported Adjustments As Revised Consolidated Balance Sheet Accounts payable $79,385 $(10,737) $68,648 Vendor payables in trust 105,163 10,737 115,900 Additional paid-in capital 153,151 5,553 158,704 Accumulated deficit (2,235,452) (8,602) (2,244,054)Noncontrolling interest (3,049) 3,049 — Total stockholders’ deficit (2,085,585) (3,049) (2,088,634)Consolidated Statement of Convertible Preferred Stock and Stockholders’ Deficit Additional paid-in capital $153,151 $5,553 $158,704 Accumulated deficit (2,235,452) (8,602) (2,244,054)Noncontrolling interest (3,049) 3,049 — Total stockholders’ deficit (2,085,585) (3,049) (2,088,634)Consolidated Statement of Operations and Comprehensive Loss Net (loss) income attributable to noncontrolling interest $(7,605) $8,602 $997 Net loss attributable to FF Intelligent Mobility Global Holdings Ltd. (134,590) (8,602) (143,192)Per share information attributable to FF Intelligent Mobility Global Holdings Ltd. – Net loss per ordinary share basic and diluted (3.31) (0.21) (3.52)Total other comprehensive (loss) income attributable to noncontrolling interest (7,605) 8,602 997 Total other comprehensive loss attributable to FF Intelligent Mobility Global Holdings Ltd. (137,123) (8,602) (145,725)Consolidated Statement of Cash Flows Transfer of payables to Vendor Trust $(105,163) $(10,737) $(115,900)Accounts payable 42,031 6,198 48,229 Accrued expenses and other current liabilities. (24,881) (275) (25,156)Cash flows used in operating activities (184,981) (4,814) (189,795)Payments for equipment (4,935) 2,679 (2,256)Cash flows provided by investing activities 24,227 2,679 26,906 Distribution to acquire noncontrolling interest — (8,602) (8,602)Transfer of payables to Vendor Trust 105,163 10,737 115,900 Cash flows provided by financing activities 160,482 2,135 162,617 Supplemental disclosure of noncash investing and financing activities Extinguishment of noncontrolling interest — 3,049 3,049
Federal deposit insurance corporation insurance limit				250,000	250,000		¥ 500
Notes receivable				40,000	40,000	3,640,000
Deposits				$ 6,412,000	$ 6,412,000	$ 5,164,000
FF Intelligent Mobility Global Holdings Ltd [Member] \| LeSEE [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Owned subsidiary, percentage				80.00%	80.00%		80.00%
Noncontrolling interest, percentage				20.00%	20.00%		20.00%
FF Intelligent Mobility Global Holdings Ltd [Member] \| The9 Limited [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Owned subsidiary, percentage									50.00%

Summary of Significant Accounting Policies (Details) - Schedule of consolidated balance sheet - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Condensed Balance Sheet Statements, Captions [Line Items]
Cash			$ 843
Restricted cash			493
Deposits			118
Other current assets			2,001
Property and equipment, net	$ 287,718	$ 293,933	2,713
Other non-current assets			23
Accounts payable			3,996
Accrued expenses and other current liabilities			16,504
Accrued interest			1,554
Related party notes payable			8,601
Notes payable			$ 7,758

Summary of Significant Accounting Policies (Details) - Schedule of revisions - FF Intelligent Mobility Global Holdings Ltd [Member] $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($) $ / shares
As Previously Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Accounts payable	$ 79,385
Vendor payables in trust	105,163
Additional paid-in capital	153,151
Accumulated deficit	(2,235,452)
Noncontrolling interest	(3,049)
Total stockholders’ deficit	(2,085,585)
Consolidated Statement of Operations and Comprehensive Loss
Net (loss) income attributable to noncontrolling interest	(7,605)
Net loss attributable to FF Intelligent Mobility Global Holdings Ltd.	$ (134,590)
Per share information attributable to FF Intelligent Mobility Global Holdings Ltd. – Net loss per ordinary share basic and diluted (in Dollars per share) \| $ / shares	$ (3.31)
Total other comprehensive (loss) income attributable to noncontrolling interest	$ (7,605)
Total other comprehensive loss attributable to FF Intelligent Mobility Global Holdings Ltd.	(137,123)
Consolidated Statement of Cash Flows
Transfer of payables to Vendor Trust	(105,163)
Accounts payable	42,031
Accrued expenses and other current liabilities.	(24,881)
Cash flows used in operating activities	(184,981)
Payments for equipment	(4,935)
Cash flows provided by investing activities	24,227
Transfer of payables to Vendor Trust	105,163
Cash flows provided by financing activities	160,482
Adjustments [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Accounts payable	(10,737)
Vendor payables in trust	10,737
Additional paid-in capital	5,553
Accumulated deficit	(8,602)
Noncontrolling interest	3,049
Total stockholders’ deficit	(3,049)
Consolidated Statement of Operations and Comprehensive Loss
Net (loss) income attributable to noncontrolling interest	8,602
Net loss attributable to FF Intelligent Mobility Global Holdings Ltd.	$ (8,602)
Per share information attributable to FF Intelligent Mobility Global Holdings Ltd. – Net loss per ordinary share basic and diluted (in Dollars per share) \| $ / shares	$ (0.21)
Total other comprehensive (loss) income attributable to noncontrolling interest	$ 8,602
Total other comprehensive loss attributable to FF Intelligent Mobility Global Holdings Ltd.	(8,602)
Consolidated Statement of Cash Flows
Transfer of payables to Vendor Trust	(10,737)
Accounts payable	6,198
Accrued expenses and other current liabilities.	(275)
Cash flows used in operating activities	(4,814)
Payments for equipment	2,679
Cash flows provided by investing activities	2,679
Distribution to acquire noncontrolling interest	(8,602)
Transfer of payables to Vendor Trust	10,737
Cash flows provided by financing activities	2,135
Extinguishment of noncontrolling interest	3,049
As Revised [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Accounts payable	68,648
Vendor payables in trust	115,900
Additional paid-in capital	158,704
Accumulated deficit	(2,244,054)
Total stockholders’ deficit	(2,088,634)
Consolidated Statement of Operations and Comprehensive Loss
Net (loss) income attributable to noncontrolling interest	997
Net loss attributable to FF Intelligent Mobility Global Holdings Ltd.	$ (143,192)
Per share information attributable to FF Intelligent Mobility Global Holdings Ltd. – Net loss per ordinary share basic and diluted (in Dollars per share) \| $ / shares	$ (3.52)
Total other comprehensive (loss) income attributable to noncontrolling interest	$ 997
Total other comprehensive loss attributable to FF Intelligent Mobility Global Holdings Ltd.	(145,725)
Consolidated Statement of Cash Flows
Transfer of payables to Vendor Trust	(115,900)
Accounts payable	48,229
Accrued expenses and other current liabilities.	(25,156)
Cash flows used in operating activities	(189,795)
Payments for equipment	(2,256)
Cash flows provided by investing activities	26,906
Distribution to acquire noncontrolling interest	(8,602)
Transfer of payables to Vendor Trust	115,900
Cash flows provided by financing activities	162,617
Extinguishment of noncontrolling interest	$ 3,049

Summary of Significant Accounting Policies (Details) - Schedule of depreciation and amortization on property and equipment - FF Intelligent Mobility Global Holdings Ltd [Member]	12 Months Ended
	Dec. 31, 2020
Buildings [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Useful Life (in years)	39 years
Building improvements [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Useful Life (in years)	15 years
Computer hardware [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Useful Life (in years)	5 years
Machinery and equipment [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Useful Life (in years)	5 years
Vehicles [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Useful Life (in years)	5 years
Computer software [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Useful Life (in years)	3 years
Leasehold improvements [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Useful Life, description	Shorter of 15 years or term of the lease

Summary of Significant Accounting Policies (Details) - Schedule of diluted net loss per share - FF Intelligent Mobility Global Holdings Ltd [Member] - shares	Dec. 31, 2020	Dec. 31, 2019
Summary of Significant Accounting Policies (Details) - Schedule of diluted net loss per share [Line Items]
Stock-based compensation awards – employees	215,769,994	151,330,989
Stock-based compensation awards – non-employees	45,932,116	7,485,000
Class A Ordinary Stock – warrant	1,930,147
Redeemable Preference Stock	470,588,235	470,588,235
Class B Convertible Preferred Stock	452,941,177	600,000,000
Total	1,187,161,669	1,229,404,224

Fair Value of Financial Instruments (Details) - Schedule of Financial Assets and Liabilities Measured on Recurring Basis - Fair Value, Recurring [Member] - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Level 1 [Member]
Fair Value of Financial Instruments (Details) - Schedule of Financial Assets and Liabilities Measured on Recurring Basis [Line Items]
Related party notes payable
Notes payable
The9 Conditional Obligation
Level 2 [Member]
Fair Value of Financial Instruments (Details) - Schedule of Financial Assets and Liabilities Measured on Recurring Basis [Line Items]
Related party notes payable
Notes payable
The9 Conditional Obligation
Level 3 [Member]
Fair Value of Financial Instruments (Details) - Schedule of Financial Assets and Liabilities Measured on Recurring Basis [Line Items]
Related party notes payable	21,627	21,522
Notes payable	71,064	32,222
The9 Conditional Obligation	$ 1,128	$ 5,000

Fair Value of Financial Instruments (Details) - Summary of Activity for Level 3 Fair Value Measurements - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 30, 2019
Notes Payable Related Party [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance	$ 21,522
Proceeds		18,112
Changes in fair value	105	3,410
Settlements/expiration
Balance	21,627
Notes Payable Excluding Related Party [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance	32,222
Proceeds	30,000	42,117
Changes in fair value	8,843	11,773
Settlements/expiration		(21,668)
Balance	71,065
Put Option [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance		43,239
Proceeds
Changes in fair value
Settlements/expiration		(43,239)
Balance
The 9 Conditional Obligation [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance	5,000
Proceeds		5,000
Changes in fair value	(3,872)
Settlements/expiration
Balance	$ 1,128

Deposits and Other Current Assets (Details) - Schedule of deposits and other current assets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deposits
Deposits for tooling and equipment	$ 3,308	$ 3,385
Other deposits	3,104	1,779
Total deposits	6,412	5,164
Other current assets
Notes receivable	40	3,640
Due from affiliate	2,034	2,715
Prepaid expenses	762	961
Other current assets	3,364	3,199
Total other current assets	$ 6,200	$ 10,515

Property and Equipment, Net (Details) - Schedule of Property and Equipment, Net - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Less: Accumulated depreciation	$ (20,490)	$ (19,067)	$ (15,890)
Total property and equipment, net		293,933	292,526
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	13,043	13,043	13,043
Building [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	21,899	21,899	21,891
Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	8,940	8,940	8,940
Computer hardware [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross		4,058	4,058
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	5,475	5,451	5,375
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	583	583	583
Computer software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross		7,095	7,095
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	298	298	298
Construction in Process [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 246,817	$ 251,633	$ 247,133

Accrued Expenses and Other Current Liabilities (Details) - Schedule of Accrued Expenses and Other Current Liabilities - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accrued expenses and other current liabilities
Accrued payroll and benefits	$ 19,180	$ 16,717
Accrued legal contingencies	5,025	3,305
Capital lease, current portion	4,396	1,661
Deferred rent, current portion	3	174
Tooling, machinery and equipment received not invoiced	509	1,389
Deposits from customers	3,523	14,923
Due to affiliates	5,123	467
Other current liabilities	14,623	9,629
Accrued expenses and other current liabilities	$ 52,382	$ 48,265

Related Party Notes Payable (Details) - Schedule of Notes Payable - FF Intelligent Mobility Global Holdings Ltd [Member] - Affiliated Entity [Member] - USD ($)

11 Months Ended

Dec. 31, 2020

Dec. 31, 2019

Jun. 30, 2021

Contractual Interest Rates

^[1]

June 30, 2021

Unpaid Balance

$ 0.1200

^[1]

$ 149,674,000

^[2]

Fair Value Measurement Adjustments

240,543,000

^[1]

^[2]

0% Coupon Discount

^[1]

Loss (Gain) on Extinguishments

^[1]

(861,000)

Loss (Gain) on Extinguishments

^[1]

204,000

Net Carrying Value

$ 239,886,000

^[1]

149,674,000

^[2]

Contractual Interest Rates

Due on Demand

Unpaid Balance

$ 0.1500

^[3]

10,000,000

^[4]

Fair Value Measurement Adjustments

10,000,000

^[4]

0% Coupon Discount

Loss (Gain) on Extinguishments

Net Carrying Value

$ 10,000,000

10,000,000

^[4]

Contractual Interest Rates

October 9, 2021

May 31, 2020

Unpaid Balance

$ 0.1000

18,112,000

^[5]

Fair Value Measurement Adjustments

18,112,000

3,657,000

^[5]

0% Coupon Discount

3,515,000

3,410,000

Loss (Gain) on Extinguishments

Net Carrying Value

$ 21,627,000

$ 21,522,000

21,769,000

^[5]

Related party notes – China [Member]

Contractual Interest Rates

Due on Demand

Unpaid Balance

$ 0.1800

^[1],[3]

$ 0.1800

Fair Value Measurement Adjustments

9,196,000

8,601,000

0% Coupon Discount

Loss (Gain) on Extinguishments

Net Carrying Value

$ 9,196,000

8,601,000

Contractual Interest Rates

Due on Demand

Fair Value Measurement Adjustments

$ 6,548,000

0% Coupon Discount

Loss (Gain) on Extinguishments

(190,000)

Loss (Gain) on Extinguishments

(22,000)

Net Carrying Value

$ 6,336,000

Contractual Interest Rates

Due on Demand

Unpaid Balance

$ 0.0899

Fair Value Measurement Adjustments

1,410,000

0% Coupon Discount

Loss (Gain) on Extinguishments

(3,000)

Net Carrying Value

$ 1,407,000

Contractual Interest Rates

Due on Demand

Unpaid Balance

$ 0.0000

Fair Value Measurement Adjustments

424,000

0% Coupon Discount

Loss (Gain) on Extinguishments

Net Carrying Value

$ 424,000

Contractual Interest Rates

June 30, 2021

Unpaid Balance

$ 0.0699

Fair Value Measurement Adjustments

4,160,000

0% Coupon Discount

Loss (Gain) on Extinguishments

(50,000)

Net Carrying Value

$ 4,110,000

Contractual Interest Rates

June 30, 2021

Unpaid Balance

$ 0.0800

6,452,000

^[4]

Fair Value Measurement Adjustments

6,452,000

^[4]

0% Coupon Discount

Loss (Gain) on Extinguishments

(35,000)

Net Carrying Value

6,417,000

6,452,000

^[4]

Notes Payable Related Party [Member]

Unpaid Balance

296,845,000

204,098,000

Fair Value Measurement Adjustments

296,845,000

287,337,000

3,657,000

0% Coupon Discount

3,515,000

3,410,000

Loss (Gain) on Extinguishments

(1,051,000)

(4,164,000)

Loss (Gain) on Extinguishments

94,000

Net Carrying Value

299,403,000

$ 286,583,000

$ 207,755,000

Contractual Interest Rates

^[1]

December 31, 2020

Unpaid Balance

$ 0.1200

Fair Value Measurement Adjustments

^[1]

215,940,000

0% Coupon Discount

^[1]

Loss (Gain) on Extinguishments

^[1]

Net Carrying Value

^[1]

$ 215,940,000

Contractual Interest Rates

^[1]

Due on Demand

Unpaid Balance

^[6]

Fair Value Measurement Adjustments

^[1]

24,399,000

0% Coupon Discount

^[1]

Loss (Gain) on Extinguishments

^[1]

(3,557,000)

Net Carrying Value

^[1]

$ 20,842,000

Contractual Interest Rates

Due on Demand

Unpaid Balance

$ 0.1500

Fair Value Measurement Adjustments

10,000,000

0% Coupon Discount

Loss (Gain) on Extinguishments

Net Carrying Value

$ 10,000,000

elated Party Notes, China Various Other, Due On Demand [Member]

Contractual Interest Rates

Due on Demand

Fair Value Measurement Adjustments

$ 6,125,000

0% Coupon Discount

Loss (Gain) on Extinguishments

(607,000)

Net Carrying Value

$ 5,518,000

Contractual Interest Rates

December 31, 2020

Unpaid Balance

$ 0.0699

Fair Value Measurement Adjustments

4,160,000

0% Coupon Discount

Loss (Gain) on Extinguishments

Net Carrying Value

4,160,000

Minimum [Member] | Related party notes – China various other [Member]

Unpaid Balance

Minimum [Member] | Related Party Notes, Due On Demand [Member]

Unpaid Balance

^[1]

Minimum [Member] | elated Party Notes, China Various Other, Due On Demand [Member]

Unpaid Balance

Maximum [Member] | Related party notes – China various other [Member]

Unpaid Balance

$ 0.1000

Maximum [Member] | Related Party Notes, Due On Demand [Member]

Unpaid Balance

^[1]

0.1000

Maximum [Member] | elated Party Notes, China Various Other, Due On Demand [Member]

Unpaid Balance

$ 0.1000

[1]	During 2020, these related party notes payable were restructured into one related party note payable.
[2]	On April 9, 2021, the Company signed agreements with certain of its related party notes holders to convert their notes with principal amounts of $194,810 and accrued interest of $71,764 into 57,513,413 shares of Class A-1 Convertible Preferred Stock with a conversion price of $1.67 per share and 87,003,560 shares of A-2 Preferred Stock with a conversion price of $1.96 per share. Under the agreements, the notes ceased to accrue interest on March 31, 2021. On May 13, 2021, related party notes payable with aggregating principal amounts of $90,869 and accrued interest of $43,490 was converted into 57,513,413 shares of Class A-1 Convertible Preferred Stock with a conversion price of $1.67 per share and 19,546,600 shares of Class A-2 Convertible Preferred Stock with a conversion price of $1.96 per share. The outstanding principal balance subsequent to the conversion was $149,674 as of June 30, 2021. The Class A-1 and A-2 Preferred Stock will convert into FFIE Class A Common Stock based on the Exchange Ratio. As of June 30, 2021, $125,071 of the related party notes payable were in default.
[3]	Rate as of December 31, 2020 and 2019, see footnotes for further discussion.
[4]	As of June 30, 2021, the Company was in default on twelve of its related party notes with a principal value of $22,022. The Company was in compliance with all covenants under its remaining related party notes payable agreements as of June 30, 2021.
[5]	On April 29, 2019, the Company executed the Note Purchase Agreement (“NPA”) with U.S. Bank National Association, as the notes agent, and Birch Lake Fund Management, LP as the collateral agent. The aggregate principal amount that may be issued under the NPA was $200,000. Upon both a Company Preferred Stock offering and prepayment notice by the holder, or on the maturity date of the notes payable, the holder may elect to convert all of the outstanding principal and accrued interest of the notes payable, plus a 20.00% premium, into shares of Preferred Stock in the offering. The Company elected the fair value option for these notes payable. (See Note 7. Fair Value of Financial Instruments.)
[6]	During 2020, these related party notes payable were restructured into one related party note payable.

Related Party Notes Payable (Details) - Schedule of Aggregate Principal Loan - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Note Purchase Agreements [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Accrued interest	$ 134	$ 30
Interest expense	166	30
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments	62
Proceeds
Faraday & Future (HK) Limited[Member]
Condensed Cash Flow Statements, Captions [Line Items]
Outstanding principal		149,081
Accrued interest		19,657
Interest expense	11,959	17,889
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds
Leview Mobile (HK) Ltd [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Outstanding principal		66,859
Accrued interest		16,046
Interest expense	5,363	8,023
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds
Beijing Bairui Culture Media, Co. Ltd [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Outstanding principal		24,399
Accrued interest
Interest expense	4,073	3,476
Unrealized foreign exchange (gain) loss on principal		443
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds
CYM Tech Holdings LLC [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Outstanding principal	240,543
Accrued interest	64,827
Interest expense	10,134
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds
China Evergrande [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Outstanding principal	10,000	10,000
Accrued interest	2,839	1,228
Interest expense	1,611	1,228
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds		10,000
Note Purchase Agreements [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Outstanding principal	1,650	1,650
Chongqing Leshi Small Loan Co., Ltd [Member] \| Two Separate Note Payable Agreements [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Outstanding principal	9,196	8,601
Accrued interest	7,646	4,542
Interest expense	2,641	2,201
Unrealized foreign exchange (gain) loss on principal	595
Unrealized foreign exchange (gain) loss on accrued interest	463
Principal payments
Interest payments
Proceeds
SPAC [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Outstanding principal	766	717
Accrued interest
Interest expense	72	65
Unrealized foreign exchange (gain) loss on principal	49	11
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds
joinder Agreement [Member] \| Note Purchase Agreements [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Outstanding principal	16,462	16,462
Accrued interest	2,501	828
Interest expense	1,674	828
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds		16,462
notes payables [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Outstanding principal	737	689
Accrued interest
Interest expense	34	31
Unrealized foreign exchange (gain) loss on principal	48	11
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds
Notes Payable One [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Outstanding principal	5,045	4,719
Accrued interest
Interest expense	310	282
Unrealized foreign exchange (gain) loss on principal	326	77
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds
Note Payable From Employee [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Outstanding principal	1,410
Accrued interest	69
Interest expense	111
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments	42
Proceeds	1,410
notes payable Three [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Outstanding principal	4,160	4,160
Accrued interest	313	20
Interest expense	293	20
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds		4,160
Notes Payable Nine [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Outstanding principal	6,452
Accrued interest	435
Interest expense	435
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments	1,970
Interest payments
Proceeds	8,422
Notes Payable Two [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Outstanding principal	424
Accrued interest
Interest expense
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds	$ 424

Related Party Notes Payable (Details) - Schedule of Restructured - FF Intelligent Mobility Global Holdings Ltd [Member] - Affiliated Entity [Member] $ in Thousands	Dec. 31, 2020 USD ($)
Variable Interest Entity [Line Items]
Principal Amount	$ 240,543
Faraday & Future (HK) Limited [Member]
Variable Interest Entity [Line Items]
Principal Amount	149,081
Leview Mobile (HK) Ltd [Member]
Variable Interest Entity [Line Items]
Principal Amount	66,859
Beijing Bairui Culture Media, Co. Ltd [Member]
Variable Interest Entity [Line Items]
Principal Amount	24,603
CYM Tech Holdings LLC [Member]
Variable Interest Entity [Line Items]
Principal Amount	$ 240,543

Related Party Notes Payable (Details) - Schedule of Principal Maturities - FF Intelligent Mobility Global Holdings Ltd [Member] - Notes Payable Related Party [Member] - Affiliated Entity [Member] - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Related Party Notes Payable (Details) - Schedule of Principal Maturities [Line Items]
Due on demand	$ 185,986	$ 27,578
2021	18,112	269,267
Total	$ 204,098	$ 296,845

Notes Payable (Details) - Schedule of Notes Payable - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($)
$ in Thousands

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Dec. 31, 2019

Debt Instrument [Line Items]

Unpaid Balance

$ 301,172

$ 177,657

$ 121,818

Fair Value Measurement Adjustments

37,579

13,947

5,104

Gain on Extinguishments

(285)

Net Carrying Value

$ 333,626

$ 191,319

$ 126,922

Notes payable [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

Repayment in 10% increments contingent on a specified fundraising event

^[1]

Repayment in 10% increments contingent on a specified fundraising event

^[1]

Contractual Interest Rates

12.00%

^[1]

12.00%

^[1]

Unpaid Balance

$ 56,000

$ 57,293

^[1]

$ 53,185

^[1]

Fair Value Measurement Adjustments

^[1]

Gain on Extinguishments

^[1]

Net Carrying Value

$ 56,000

$ 57,293

^[1]

$ 53,185

^[1]

Notes payable – NPA tranche [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

October 6, 2021

^[2]

May 31 2020

^[2]

Contractual Interest Rates

10.00%

^[2]

10.00%

^[2]

Unpaid Balance

$ 27,117

$ 27,118

^[2]

$ 26,218

^[2]

Fair Value Measurement Adjustments

5,473

5,263

^[2]

4,935

^[2]

Gain on Extinguishments

^[2]

Net Carrying Value

$ 32,590

$ 32,381

^[2]

$ 31,153

^[2]

Notes payable One [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

October 6, 2021

^[3]

June 30, 2021

^[4]

December 31, 2019

^[4]

Contractual Interest Rates

14.00%

^[3]

12.00%

^[4]

12.00%

^[4]

Unpaid Balance

$ 55,000

^[3]

$ 19,100

^[4]

$ 12,100

^[4]

Fair Value Measurement Adjustments

11,232

^[3]

^[4]

Gain on Extinguishments

^[4]

Net Carrying Value

$ 66,232

^[3]

$ 19,100

^[4]

$ 12,100

^[4]

Notes payable Two [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

June 30, 2021

^[5]

June 30, 2021

^[6]

Due on Demand

^[4]

Contractual Interest Rates

12.00%

^[5]

1.52%

^[6]

12.00%

^[4]

Unpaid Balance

$ 19,100

^[5]

$ 4,400

^[6]

$ 7,000

^[4]

Fair Value Measurement Adjustments

^[5]

^[6]

^[4]

Gain on Extinguishments

^[6]

(102)

Net Carrying Value

$ 19,100

^[5]

$ 4,298

^[6]

$ 7,000

^[4]

Notes payable Three [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

^[6]

June 30, 2021

December 31, 2019

Contractual Interest Rates

^[6]

8.99%

1.52%

Unpaid Balance

^[6]

$ 2,240

$ 4,400

Fair Value Measurement Adjustments

^[6]

Gain on Extinguishments

^[6]

(5)

Net Carrying Value

^[6]

$ 2,235

$ 4,400

Notes payable Four [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

June 30, 2021

^[5]

June 30, 2021

^[6]

July 1, 2020

^[6]

Contractual Interest Rates

8.99%

^[5]

8.00%

^[6]

8.99%

^[6]

Unpaid Balance

$ 2,240

^[5]

$ 300

^[6]

$ 2,240

^[6]

Fair Value Measurement Adjustments

^[5]

^[6]

Gain on Extinguishments

^[6]

(1)

Net Carrying Value

$ 2,240

^[5]

$ 299

^[6]

$ 2,240

^[6]

Notes payable – China various other [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

Various Dates 2021

^[7]

Due on Demand

^[7]

Contractual Interest Rates

6.00%

^[7]

9.00%

^[7]

Unpaid Balance

$ 4,917

$ 4,869

^[7]

$ 3,440

^[7]

Fair Value Measurement Adjustments

^[7]

Gain on Extinguishments

^[7]

(62)

Net Carrying Value

$ 4,917

$ 4,807

^[7]

$ 3,440

^[7]

Notes payable – China various other One [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

Due on Demand

^[7]

Various Dates 2020

^[7]

Contractual Interest Rates

9.00%

^[7]

6.00%

^[7]

Unpaid Balance

$ 3,715

$ 3,677

^[7]

$ 3,155

^[7]

Fair Value Measurement Adjustments

^[7]

Gain on Extinguishments

^[7]

(18)

Net Carrying Value

$ 3,715

$ 3,659

^[7]

$ 3,155

^[7]

Notes payable – China various other Two [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

Due on Demand

^[8]

Due on Demand

^[7]

Due on Demand

^[7]

Contractual Interest Rates

0.00%

^[8]

0.00%

^[7]

0.00%

^[7]

Unpaid Balance

$ 5,387

^[8]

$ 4,597

^[7]

$ 4,300

^[7]

Fair Value Measurement Adjustments

^[8]

^[7]

Gain on Extinguishments

^[7]

Net Carrying Value

$ 5,387

^[8]

$ 4,597

^[7]

$ 4,300

^[7]

Notes payable – various other notes [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

^[6]

June 30, 2021

Contractual Interest Rates

^[6]

6.99%

Unpaid Balance

^[6]

$ 1,380

Fair Value Measurement Adjustments

^[6]

Gain on Extinguishments

^[6]

(10)

Net Carrying Value

^[6]

$ 1,370

Notes payable – various other notes One [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

^[6]

Due on Demand

Contractual Interest Rates

^[6]

8.99%

Unpaid Balance

^[6]

$ 380

Fair Value Measurement Adjustments

^[6]

Gain on Extinguishments

^[6]

(1)

Net Carrying Value

^[6]

$ 379

Notes payable – various other notes Two [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

^[9]

June 30, 2021

Contractual Interest Rates

^[9]

2.86%

Unpaid Balance

^[9]

$ 1,500

Fair Value Measurement Adjustments

^[9]

Gain on Extinguishments

^[9]

(29)

Net Carrying Value

^[9]

$ 1,471

Notes payable Five [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

June 30, 2021

^[5]

March 9, 2021

^[10]

Contractual Interest Rates

8.00%

^[5]

0.00%

^[10]

Unpaid Balance

$ 300

^[5]

$ 15,000

^[10]

Fair Value Measurement Adjustments

^[5]

2,712

^[10]

Gain on Extinguishments

^[10]

Net Carrying Value

$ 300

^[5]

$ 17,712

^[10]

Notes payable Six [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

October 6, 2021

^[11]

October 6, 2021

^[12]

Contractual Interest Rates

8.00%

^[11]

12.75%

^[12]

Unpaid Balance

$ 3,750

^[11]

$ 15,000

^[12]

Fair Value Measurement Adjustments

1,475

^[11]

5,972

^[12]

Gain on Extinguishments

^[12]

Net Carrying Value

$ 5,225

^[11]

$ 20,972

^[12]

Notes payable Seven [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

October 6, 2021

^[11]

June 30, 2021

^[13]

Contractual Interest Rates

15.75%

^[11]

8.00%

^[13]

Unpaid Balance

$ 5,600

^[11]

$ 11,635

^[13]

Fair Value Measurement Adjustments

2,202

^[11]

^[13]

Gain on Extinguishments

^[13]

(57)

Net Carrying Value

$ 7,802

^[11]

$ 11,578

^[13]

Notes payable Eight [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

October 6, 2021

^[14]

April 17, 2022

^[15]

Contractual Interest Rates

0.00%

^[14]

1.00%

^[15]

Unpaid Balance

$ 18,250

^[14]

$ 9,168

^[15]

Fair Value Measurement Adjustments

5,241

^[14]

^[15]

Gain on Extinguishments

^[15]

Net Carrying Value

$ 23,491

^[14]

$ 9,168

^[15]

Notes payable – NPA tranche One [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

^[2]

March 6, 2020

Contractual Interest Rates

^[2]

10.00%

Unpaid Balance

^[2]

$ 900

Fair Value Measurement Adjustments

^[2]

169

Net Carrying Value

^[2]

$ 1,069

Notes payable – various other notes [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

June 30, 2021

^[5]

Repayment upon new equity or debt financing in an aggregate amount exceeding $50,000

^[6]

Contractual Interest Rates

6.99%

^[5]

8.99%

^[6]

Unpaid Balance

$ 1,260

^[5]

$ 500

^[6]

Fair Value Measurement Adjustments

^[5]

^[6]

Net Carrying Value

$ 1,260

^[5]

$ 500

^[6]

Notes payable – various other notes One [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

Due on Demand

^[5]

Due on Demand

^[6]

Contractual Interest Rates

8.99%

^[5]

6.99%

^[6]

Unpaid Balance

$ 500

^[5]

$ 180

^[6]

Fair Value Measurement Adjustments

^[5]

^[6]

Net Carrying Value

$ 500

^[5]

$ 180

^[6]

Notes payable – various other notes Two [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

June 30, 2021

^[5]

June 3, 2020

^[6]

Contractual Interest Rates

2.86%

^[5]

6.99%

^[6]

Unpaid Balance

$ 1,500

^[5]

$ 2,700

^[6]

Fair Value Measurement Adjustments

^[5]

^[6]

Net Carrying Value

$ 1,500

^[5]

$ 2,700

^[6]

Notes payable – various other notes Three [Member]

Debt Instrument [Line Items]

Contractual Maturity Date

^[9]

December 31, 2019

Contractual Interest Rates

^[9]

2.86%

Unpaid Balance

^[9]

$ 1,500

Fair Value Measurement Adjustments

^[9]

Net Carrying Value

^[9]

$ 1,500

[1]	In January 2019, upon extinguishment of a portion of the Faraday and Future (HK) Limited related party notes payable, the Company borrowed $54,179 through notes payable from a Chinese lender. The notes payable originally matured on December 31, 2020, bear interest of 12.00% per annum, have no covenants, and are unsecured.
[2]	The Company issued 10% interest notes with various third parties through the NPA:
[3]	On March 1, 2021, the Company amended the NPA to permit the issuance of additional notes payable with principal amounts up to $85,000. On the same day, the Company entered into notes payable agreements with Ares for an aggregate principal of $55,000, receiving net proceeds of $51,510, inclusive of a 4.00% original issue discount and $90 of debt issuance costs paid directly by the lender. The notes payable are collateralized by a first lien on virtually all tangible and intangible assets of the Company and bear interest at 14% per annum. The notes payable mature on the earliest of (i) March 1, 2022, (ii) October 6, 2021, if the Qualified SPAC Merger contemplated in the Merger Agreement has not been consummated by July 27, 2021, (iii) the occurrence of a change in control, or (iv) the occurrence of an acceleration event, such as a default. The Company has elected the fair value option because the notes include features, such as a contingently exercisable put option, which meet the definition of an embedded derivative. Additionally, the notes payable agreements contain a minimum cash provision, which requires the Company to maintain at least $5,000 of cash on hand at all times. The Company has classified the related $5,000 in Restricted Cash on its unaudited Condensed Consolidated Balance Sheets as of June 30, 2021.
[4]	The Company issued the following notes with an interest rate of 12.00% per annum.
[5]	As of June 30, 2021, the Company was in default on sixteen of its notes payable with an aggregate principal value of $40,935. The Company is in compliance with all its covenants under the remaining notes payable agreements as of June 30, 2021.
[6]	The Company issued the following notes with a third party.
[7]	The Company issued notes with various third parties through its operations in China.
[8]	On January 15, 2021, the Company borrowed $102 from a Chinese lender. The unsecured note payable is payable on demand and does not have a stated interest rate.
[9]	In October 2018, the Company borrowed $1,500 through a note payable from a U.S. based investment firm. The note originally matured on December 31, 2019, bears interest at 2.86% per annum, has no covenants and is unsecured.
[10]	On September 9, 2020, the Company issued $15,000 of secured convertible promissory notes to a US-based investment firm through entering into a Joinder to the NPA, receiving net proceeds of $13,800, inclusive of an 8% original issue discount. The senior convertible promissory notes bear interest at 0%. The NPA notes mature on the earliest of (i) March 9, 2022, (ii) the Vendor Trust maturity date (See Note 10 Vendor Payables in Trust), as amended, (iii) the maturity of any First Out NPA Notes, which include the notes with Birch Lake and FF Ventures (“First Out Notes”), or (iv) the acceleration of the NPA notes payable pursuant to an event of default.
[11]	On January 13, 2021, the Company amended the NPA to permit the issuance of additional notes payable and issued $3,750 of notes payable to Birch Lake, receiving net proceeds of $3,510, inclusive of a 6.50% original issue discount, and $225 of debt issuance costs paid directly by the lender. The additional secured convertible notes payable issued to Birch Lake (“BL Notes”) accrue interest at 8% per annum. The BL Notes mature on the earliest of (i) October 6, 2021, (ii) the consummation of a Qualified SPAC Merger, (iii) the occurrence of a change in control, or (iv) the acceleration of the NPA obligations in the event of a default. Additionally, the BL Notes contain a liquidation premium that ranges from 35% to 45% depending on the timing of settlement, with 50% of this premium convertible into equity. Birch Lake can demand repayment of the BL Notes if an event of default, change in control, or a Qualified SPAC Merger occurs. The Company determined that the feature to settle the BL Notes at a premium upon the occurrence of a default, change in control, or a Qualified SPAC Merger is a contingently exercisable put option with a liquidation premium and represents an embedded derivative. The Company elected the fair value option for this note payable (See Note 7. Fair Value of Financial Instruments).
[12]	On October 9, 2020, the Company entered into a Second A&R NPA with Birch Lake borrowing $15,000 in secured convertible notes payable (“BL Notes”). The BL Notes accrue interest at 12.75% per annum through January 31, 2021 and at 15.75% per annum thereafter. The BL Notes mature on the earliest of (i) October 6, 2021, (ii) the consummation of a Qualified SPAC Merger, (iii) the occurrence of a change in control, or (iv) the acceleration of the NPA obligations pursuant to an event of default. Additionally, the BL Notes contain a liquidation premium that ranges from 35% to 45% depending on the timing of settlement with 50% of this premium convertible into equity and the lender is able to demand repayment if an event of default, change in control, or a Qualified SPAC Merger occurs. The Company determined that the feature to settle the BL Notes at a premium upon the occurrence of a default, change in control, or a Qualified SPAC Merger is a contingently exercisable put option with a liquidation premium and represents an embedded derivative. The Company elected the fair value option for this note payable. See Note 4 Fair Value of Financial Instruments. The fair value of the note payable was $20,972 as of December 31, 2020.
[13]	During 2019, a U.S. corporation made deposits of $11,635 with the Company as an advance to purchase FF 91 vehicles. On February 1, 2020, due to production delays the Company entered into a deposit conversion agreement with this corporation to convert the deposit amounts previously paid into a note payable. Upon conversion, the Company reclassified the deposit recorded in other current liabilities as of December 31, 2019 to notes payable as of December 31, 2020. The note matured on December 31, 2020, bears interest at 8.0% per annum, has no covenants and is unsecured.
[14]	On January 13, 2021, the Company entered into a notes payable agreement under the NPA, as amended, (“January 13 Notes”) with a US-based investment firm for total principal of $11,250, receiving net proceeds of $10,350, inclusive of an 8% original issue discount and $480 of debt issuance costs paid directly by the lender. The note payable is collateralized by a first lien on virtually all tangible and intangible assets of the Company and bears interest at 0% per annum. The note payable matures on the earliest of (i) October 6, 2021, (ii) the consummation of a Qualified SPAC Merger, (iii) the occurrence of a change in control, or (iv) the occurrence of an acceleration event, such as an event of default. In the event the Company consummates a Qualified SPAC Merger, an amount equal to 130% of all outstanding principal, accrued and unpaid interest and accrued original issue discount under the notes through (but not including) the date of consummation of the Qualified SPAC Merger will automatically convert into Common Stock of PSAC received by the Company’s Class A ordinary stockholders and the notes and interest shall be deemed satisfied in full and terminated. The Company elected the fair value option for this note payable because the inclusion of a conversion feature that allows the lenders to convert the notes payable into Preferred Stock.
[15]	On April 17, 2020, the Company received loan proceeds from East West Bank of $9,168 under the Paycheck Protection Program (“PPP”). The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), provides for loans to qualifying businesses. The loans and accrued interest are forgivable as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent, and utilities, as described in the CARES Act. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries. The unforgiven portion of the PPP loan is payable over two years at an interest rate of 1%, with a deferral of payments for the later of the first six months or when the amount of the loan forgiveness is determined. The Company used the proceeds for purposes consistent with the PPP requirements. The Company is still in the process of applying for forgiveness and no amounts have been forgiven as of December 31, 2020. The note matures April 17, 2022, has no covenants, and is unsecured.

Notes Payable (Details) - Schedule of Notes Payable (Parentheticals)	Dec. 31, 2020	Dec. 31, 2019
FF Intelligent Mobility Global Holdings Ltd [Member]
Debt Instrument [Line Items]
Repayment increment percentage	10.00%	10.00%

Notes Payable (Details) - Schedule of fair value of financial instruments - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Notes Payable [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	$ 57,293	$ 53,185
Accrued interest	13,769	6,382
Interest expense	7,387	6,382
Unrealized foreign exchange (gain) loss on principal	4,108	(994)
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds
Notes Payable One [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	8,581	8,581
Accrued interest	1,418	557
Interest expense	861	557
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments		3,000
Interest payments
Proceeds
Notes Payable Two [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	17,637	17,637
Accrued interest	2,637	879
Interest expense	1,768	879
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds		17,637
Notes Payable Three [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	900	900
Accrued interest	143	42
Interest expense	90	42
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds		900
Notes Payable Four [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	10,600	10,600
Accrued interest	2,547	1,272
Interest expense	1,275	1,272
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments		600
Proceeds
Notes Payable Five [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	1,500	1,500
Accrued interest	587	204
Interest expense	203	204
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds
Notes Payable Six [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	7,000	7,000
Accrued interest	1,682	840
Interest expense	842	840
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds
Notes Payable Seven [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	4,400	4,400
Accrued interest	314	230
Interest expense	84	50
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds
Notes Payable Eight [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	2,240	2,240
Accrued interest	202	17
Interest expense	185	17
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds		2,240
Notes Payable Nine [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	300
Accrued interest	23
Interest expense	23
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds	300
Notes Payable Ten [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	3,677	3,440
Accrued interest	2,314	1,535
Interest expense	637	635
Unrealized foreign exchange (gain) loss on principal	237	(56)
Unrealized foreign exchange (gain) loss on accrued interest	142
Principal payments
Interest payments
Proceeds
Notes Payable Eleven [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	4,140	3,155
Accrued interest	569	299
Interest expense	235	303
Unrealized foreign exchange (gain) loss on principal	219	(1)
Unrealized foreign exchange (gain) loss on accrued interest	35
Realized foreign exchange (gain) on principal		(205)
Principal payments		8,155
Interest payments
Proceeds	766	11,515
Notes Payable Twelve [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	4,597	4,300
Accrued interest
Interest expense
Unrealized foreign exchange (gain) loss on principal	297	(71)
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds
Notes Payable Thirteen [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	729
Accrued interest	19
Interest expense	19
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments	32
Interest payments
Proceeds	761
Notes Payable Fourteen [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	380	500
Accrued interest	99	54
Interest expense	45	54
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments	120	1,000
Interest payments
Proceeds		1,500
Notes Payable Fifteen [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal
Accrued interest	4	4
Interest expense		4
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments		3,600
Interest payments
Proceeds		3,600
Notes Payable Sixteen [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	180	180
Accrued interest	10	4
Interest expense	6	4
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds		180
Notes Payable Seventeen [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	1,200	2,700
Accrued interest	192	26
Interest expense	171	26
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments	1,500
Interest payments	5
Proceeds		2,700
Notes Payable Eighteen [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	1,500	1,500
Accrued interest	95	52
Interest expense	43	43
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds
Notes Payable Nineteen [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal
Accrued interest
Interest expense		565
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments		17,000
Interest payments		565
Proceeds
Notes Payable Twenty [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal
Accrued interest
Interest expense		213
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments		21,668
Interest payments
Proceeds		15,000
Notes Payable Twenty One [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal
Accrued interest
Interest expense		208
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments		4,200
Interest payments		420
Proceeds
Notes Payable Twenty Two [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	15,000
Accrued interest
Interest expense
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds	15,000
Notes Payable Twenty Three [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	15,000
Accrued interest
Interest expense	366
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments	366
Proceeds	15,000
Notes Payable Twenty Four [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	11,635
Accrued interest	1,177
Interest expense	933
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds
Notes Payable Twenty Five [Member]
Notes Payable (Details) - Schedule of fair value of financial instruments [Line Items]
Outstanding principal	9,168
Accrued interest	65
Interest expense	65
Unrealized foreign exchange (gain) loss on principal
Unrealized foreign exchange (gain) loss on accrued interest
Principal payments
Interest payments
Proceeds	$ 9,168

Notes Payable (Details) - Schedule of principal maturities - FF Intelligent Mobility Global Holdings Ltd [Member] - Notes Payable, Other Payables [Member] $ in Thousands	Dec. 31, 2020 USD ($)
Notes Payable (Details) - Schedule of principal maturities [Line Items]
Due on demand	$ 65,949
2021	102,541
2022	9,168
Total	$ 177,658

- Definition

Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References + Details

Commitments and Contingencies (Details) - Schedule of minimum aggregate future obligations under noncancelable operating leases - FF Intelligent Mobility Global Holdings Ltd [Member] $ in Thousands	Dec. 31, 2020 USD ($)
Commitments and Contingencies (Details) - Schedule of minimum aggregate future obligations under noncancelable operating leases [Line Items]
2021	$ 525
Future Obligations Under Noncancelable Operating Leases	$ 525

Commitments and Contingencies (Details) - Schedule of minimum aggregate future minimum lease payments under capital leases - FF Intelligent Mobility Global Holdings Ltd [Member] $ in Thousands	Dec. 31, 2020 USD ($)
Commitments and Contingencies (Details) - Schedule of minimum aggregate future minimum lease payments under capital leases [Line Items]
2021	$ 4,395
2022	3,041
2023	2,166
2024	1,757
2025	1,792
Thereafter	3,692
Total Future Minimum Lease Payments Under Capital Lease	$ 16,843

Preferred and Ordinary Stock (Details) - Schedule of Preferred and Ordinary Stock - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ in Thousands	6 Months Ended	11 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Class of Stock [Line Items]
Authorized Shares		1,650,588,235	1,572,303,421
Issued and Outstanding Shares	1,214,866,266	1,111,822,683	1,111,467,359
Liquidation Value		$ 1,906,988	$ 2,266,400
Carrying Value		$ 1,422,467	$ 1,648,972
Redeemable Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Authorized Shares		470,588,235	470,588,235
Issued and Outstanding Shares	470,588,235	470,588,235	470,588,235
Liquidation Value		$ 800,000	$ 800,000
Carrying Value		$ 724,823	$ 724,823
Class B Preferred Stock [Member]
Class of Stock [Line Items]
Authorized Shares		600,000,000	600,000,000
Issued and Outstanding Shares		452,941,177	600,000,000
Liquidation Value		$ 1,106,988	$ 1,466,400
Carrying Value		$ 697,643	$ 924,149
Class A Ordinary Stock [Member]
Class of Stock [Line Items]
Authorized Shares		400,000,000	400,000,000
Issued and Outstanding Shares	64,224,007	41,234,448	40,879,124
Liquidation Value
Carrying Value
Class B Ordinary Stock [Member]
Class of Stock [Line Items]
Authorized Shares		180,000,000	100,000,000
Issued and Outstanding Shares	150,052,834	147,058,823
Liquidation Value
Carrying Value		$ 1
Class C Preferred Stock [Member]
Class of Stock [Line Items]
Authorized Shares			1,715,186
Issued and Outstanding Shares
Liquidation Value
Carrying Value

Stock-Based Compensation (Details) - Schedule of stock option activity - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	6 Months Ended	11 Months Ended
	Jan. 27, 2021	Jun. 30, 2021	Dec. 31, 2020
Equity Incentive Plan [Member]
Stock-Based Compensation (Details) - Schedule of stock option activity [Line Items]
Number of Options, Outstanding Beginning balance	67,772,996	67,772,996	151,330,989
Weighted Average Exercise Price, Outstanding Beginning balance	$ 0.35	$ 0.35	$ 0.35
Weighted Average Remaining Contractual Life (Years), Outstanding Beginning balance			8 years 10 months 9 days
Aggregate Intrinsic Value, Outstanding Beginning balance	$ 885	$ 885	$ 2,197
Number of Options, Outstanding Ending balance			215,769,994
Weighted Average Exercise Price, Outstanding Ending balance			$ 0.35
Weighted Average Remaining Contractual Life (Years), Outstanding Ending balance			8 years 9 months
Aggregate Intrinsic Value, Outstanding Ending balance		$ 885	$ 885
Number of Options, Exercisable as of December 31, 2020			67,772,996
Weighted Average Exercise Price, Exercisable as of December 31, 2020			$ 0.35
Weighted Average Remaining Contractual Life (Years), Exercisable as of December 31, 2020			7 years 10 months 17 days
Aggregate Intrinsic Value, Exercisable as of December 31, 2020			$ 796
Number of Options, Vested and expected to vest as of December 31, 2020			167,962,999
Weighted Average Exercise Price, Vested and expected to vest as of December 31, 2020			$ 0.35
Weighted Average Remaining Contractual Life (Years), Vested and expected to vest as of December 31, 2020			8 years 7 months 2 days
Aggregate Intrinsic Value, Vested and expected to vest as of December 31, 2020			$ 944
Number of Options, Granted		26,831,376	96,012,077
Weighted Average Exercise Price, Granted		$ 0.58	$ 0.34
Number of Options, Exercised		(18,871,140)	(383,994)
Weighted Average Exercise Price, Exercised		$ 0.32	$ 0.34
Aggregate Intrinsic Value, Exercised			$ 13
Number of Options, Expired/forfeited		(3,452,693)	(31,189,078)
Weighted Average Exercise Price, Expired/forfeited		$ 0.35	$ 0.32
STI Plan [Member]
Stock-Based Compensation (Details) - Schedule of stock option activity [Line Items]
Number of Options, Outstanding Beginning balance	35,932,116	35,932,116	7,485,000
Weighted Average Exercise Price, Outstanding Beginning balance	$ 0.35	$ 0.35	$ 0.36
Weighted Average Remaining Contractual Life (Years), Outstanding Beginning balance			9 years 5 months 15 days
Aggregate Intrinsic Value, Outstanding Beginning balance	$ 1,174	$ 1,174
Number of Options, Outstanding Ending balance			45,932,116
Weighted Average Exercise Price, Outstanding Ending balance			$ 0.35
Weighted Average Remaining Contractual Life (Years), Outstanding Ending balance			9 years 3 months 3 days
Aggregate Intrinsic Value, Outstanding Ending balance		$ 1,174	$ 1,174
Number of Options, Exercisable as of December 31, 2020			35,932,116
Weighted Average Exercise Price, Exercisable as of December 31, 2020			$ 0.35
Weighted Average Remaining Contractual Life (Years), Exercisable as of December 31, 2020			9 years 3 months 3 days
Aggregate Intrinsic Value, Exercisable as of December 31, 2020			$ 910
Number of Options, Vested and expected to vest as of December 31, 2020			45,013,474
Weighted Average Exercise Price, Vested and expected to vest as of December 31, 2020			$ 0.35
Weighted Average Remaining Contractual Life (Years), Vested and expected to vest as of December 31, 2020			9 years 3 months 3 days
Aggregate Intrinsic Value, Vested and expected to vest as of December 31, 2020			$ 1,168
Number of Options, Granted	2,827,695	30,043,068	38,447,116
Weighted Average Exercise Price, Granted	$ 0.391	$ 0.97	$ 0.35
Weighted Average Remaining Contractual Life (Years), Granted
Aggregate Intrinsic Value, Granted
Number of Options, Exercised		(4,377,118)
Weighted Average Exercise Price, Exercised		$ 0.36
Weighted Average Remaining Contractual Life (Years), Exercised
Aggregate Intrinsic Value, Exercised
Number of Options, Expired/forfeited		(5,880,833)
Weighted Average Exercise Price, Expired/forfeited		$ 0.36
Weighted Average Remaining Contractual Life (Years), Expired/forfeited
Aggregate Intrinsic Value, Expired/forfeited

Stock-Based Compensation (Details) - Schedule of of weighted-average assumptions - FF Intelligent Mobility Global Holdings Ltd [Member] - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Equity Incentive Plan [Member]
Stock-Based Compensation (Details) - Schedule of of weighted-average assumptions [Line Items]
Risk-free interest rate	0.22%
Expected term (in years)	2 years 10 months 20 days
Expected volatility	49.24%
Dividend yield	0.00%
Grant date fair value per share (in Dollars per share)	$ 0.58
Equity Incentive Plan [Member] \| Stock Options [Member]
Stock-Based Compensation (Details) - Schedule of of weighted-average assumptions [Line Items]
Risk-free interest rate		0.45%	2.10%
Expected term (in years)		6 years 1 month 17 days	5 years 10 months 24 days
Expected volatility		37.25%	31.30%
Dividend yield		0.00%	0.00%
Grant date fair value per share (in Dollars per share)		$ 120	$ 120
STI Plan [Member]
Stock-Based Compensation (Details) - Schedule of of weighted-average assumptions [Line Items]
Risk-free interest rate	1.31%	0.59%	2.20%
Expected term (in years)	10 years
Expected volatility	40.22%
Dividend yield	0.00%
Grant date fair value per share (in Dollars per share)	$ 0.60
STI Plan [Member] \| Stock Options [Member]
Stock-Based Compensation (Details) - Schedule of of weighted-average assumptions [Line Items]
Expected term (in years)		10 years	10 years
Expected volatility		38.42%	36.00%
Dividend yield		0.00%	0.00%
Grant date fair value per share (in Dollars per share)		$ 150	$ 180

Stock-Based Compensation (Details) - Schedule of stock-based compensation expense - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense					$ 9,505	$ 4,610
FF Intelligent Mobility Global Holdings Ltd [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 948	$ 2,891	$ 3,467	$ 3,656	25	26
Research and development [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	1,070	495	1,660	637	941	818
Sales and marketing [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	306	193	505	248	387	311
General and administrative [Member] \| FF Intelligent Mobility Global Holdings Ltd [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ (428)	$ 2,203	$ 1,302	$ 2,771	$ 8,177	$ 3,481

Income Taxes (Details) - USD ($)	11 Months Ended	12 Months Ended
Income Taxes (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2017
Income Taxes (Details) [Line Items]
Federal statutory tax rate	21.00%
Federal and state net operating loss carryovers	$ 139,342	$ 139,342
Change in the valuation allowance	442,461
FF Intelligent Mobility Global Holdings Ltd [Member]
Income Taxes (Details) [Line Items]
Federal statutory tax rate		21.00%	21.00%
Federal corporate income tax rate		21.00%
Valuation allowance	148,546,000	$ 148,546,000	$ 135,046,000
Federal and state net operating loss carryovers	428,681,000	428,681,000	$ 134,437,000	$ 80,528,000
Federal net operating loss	$ 348,153,000	$ 348,153,000
Taxable income limitation, percentage		80.00%
U.S. federal R&D tax credit carryforward		$ 3,666,000
State R&D tax credit carryforward		$ 4,230,000
Equity ownership, percentage	50.00%	50.00%
Income tax position, percentage		50.00%

Income Taxes (Details) - Schedule of provision for income tax - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Mar. 21, 2019
Current:
Federal
State	3	3
Foreign
Total current	3	3
Deferred:
Federal	(11,456)	(19,855)
State
Foreign	(2,044)	(1,418)
Valuation allowance	13,500	21,273
Total deferred
Total provision	$ 3	$ 3

Income Taxes (Details) - Schedule of components of losses before income taxes - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Taxes (Details) - Schedule of components of losses before income taxes [Line Items]
Losses before income taxes	$ (147,085)	$ (142,195)
U.S. [Member]
Income Taxes (Details) - Schedule of components of losses before income taxes [Line Items]
Losses before income taxes	(79,605)	(112,197)
Foreign [Member]
Income Taxes (Details) - Schedule of components of losses before income taxes [Line Items]
Losses before income taxes	$ (67,480)	$ (29,998)

Income Taxes (Details) - Schedule of provision for income taxes - FF Intelligent Mobility Global Holdings Ltd [Member]	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Taxes (Details) - Schedule of provision for income taxes [Line Items]
Federal income tax expense	21.00%	21.00%
State income taxes (net of federal benefit)	0.00%	0.00%
Permanent differences	(4.60%)	(2.80%)
Foreign tax rate difference	(6.70%)	(2.10%)
Return-to-provision adjustment	0.40%	(1.10%)
Expiration of tax attributes	(1.00%)
Valuation allowance	(9.10%)	(15.00%)
Effective tax rate	0.00%	0.00%

Income Taxes (Details) - Schedule of deferred tax assets and deferred tax liabilities - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred Tax Assets:
Net operating losses (“NOL”)	$ 123,633	$ 114,990
Research and development credits	7,921	7,921
Accrued liabilities	7,564	5,164
Construction in progress	3,061	3,061
Excess interest expense under section 163(j)	3,670	2,295
Capital loss	2,407	2,407
Stock-based compensation	428
Other	296	174
Gross deferred tax assets	148,980	136,012
Valuation allowance	(148,546)	(135,046)
Deferred tax assets, net of valuation allowance	434	966
Deferred Tax Liabilities:
Depreciation	454	(79)
State taxes	(888)	(887)
Total deferred tax liabilities	(434)	(966)
Total net deferred tax assets (liabilities)

Income Taxes (Details) - Schedule of unrecognized tax benefits - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Taxes (Details) - Schedule of unrecognized tax benefits [Line Items]
Beginning balance	$ 2,598
Increase related to current year tax positions	68	2,598
Ending balance	$ 2,666	$ 2,598

401(k) Savings Plan (Details) - FF Intelligent Mobility Global Holdings Ltd [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
401(k) Savings Plan (Details) [Line Items]
Accred employee benefits					$ 19
Benefits of compensation	$ 948	$ 2,891	$ 3,467	$ 3,656	$ 25	$ 26

Description of Organization and Business Operations (Details) - USD ($)	1 Months Ended						6 Months Ended	11 Months Ended
	Jul. 31, 2021	Jul. 21, 2021	Jan. 27, 2021	Jul. 31, 2020	Jul. 24, 2020	Jul. 21, 2020	Jun. 30, 2021	Dec. 31, 2020	Jun. 07, 2021	Feb. 28, 2021	Feb. 14, 2020
Description of Organization and Business Operations (Details) [Line Items]
Exchange Ratio							0.14130
Business combination, description							the outstanding FF converting debt and certain other outstanding liabilities of FF were converted into 153,954,009 shares of new Class A common stock of the Company following the Business Combination and, for FF Top, 64,000,588 shares of new Class B common stock of the Company were issued following the Business Combination. As of the Effective Time, holders of FF options and holders of FF warrants continued to hold such options or warrants, as applicable, but the aggregate amount of shares of Class A common stock issuable upon exercise of such options and warrants became 44,880,595.
Exercised holders of common stock (in Shares)							20,600
Price per share (in Dollars per share)			$ 10.00				$ 10.00
Aggregate value							$ 200,000
Aggregate value (in Shares)			76,140,000
Gross proceeds			$ 761,400,000	$ 30,371,190
Price per unit (in Dollars per share)				$ 10.00	$ 10.00			$ 10.00
Net proceeds of sale of units in initial public offering and sale of private units					$ 200,000,000
Net proceeds per unit (in Dollars per share)					$ 10.00
Sale of additional units (in Shares)				2,977,658
Number of units issued (in Shares)				2,977,568
Net proceeds deposited into trust account				$ 29,775,680
Aggregate proceeds held in the Trust Account				$ 229,775,680
Transaction Costs							5,117,030	$ 5,117,030
Underwriting fees							4,595,510	4,595,510
Other offering costs							521,520	521,520
Operating bank accounts							17,873	549,395
Cash and securities held in trust account							229,788,742	229,884,479
Working capital deficit							2,276,754	1,222,111
Franchise tax payable							79,800	141,771
Interest income							$ 13,062	108,799
Aggregate principal amount									$ 200,000		$ 150,000
Subscription agreements, description						pursuant to the Subscription Agreements, the Subscription Investors purchased, and the Company agreed to sell to such Subscription Investors, an aggregate of 76,140,000 shares of PSAC common stock for a purchase price of $10.00 per share, or an aggregate of $761.4 million in gross cash proceeds (the “Private Placement”). The closing of the Private Placement occurred immediately prior to the Closing.
Net tangible assets								$ 5,000,001
Obligation to redeem public share percentage								100.00%
Public share per share (in Dollars per share)								$ 10.00
Subsequent Event [Member]
Description of Organization and Business Operations (Details) [Line Items]
Gross proceeds		$ 761,400,000
Price per unit (in Dollars per share)		$ 10
Number of units issued (in Shares)		76,140,000
Aggregate principal amount										$ 500,000
Business Combination [Member]
Description of Organization and Business Operations (Details) [Line Items]
Fair market value percentage								80.00%
Voting percentage								50.00%
IPO [Member]
Description of Organization and Business Operations (Details) [Line Items]
Gross proceeds					$ 200,000,000
Consummated units (in Shares)					20,000,000
Price per unit (in Dollars per share)					$ 10.00
Number of units issued (in Shares)	2,977,568				20,000,000		20,000,000	20,000,000
Net proceeds deposited into trust account					$ 200,000,000
Private Placement [Member]
Description of Organization and Business Operations (Details) [Line Items]
Price per unit (in Dollars per share)				$ 10.00				$ 10.00
Number of units issued (in Shares)				59,551
Net proceeds deposited into trust account				$ 29,775,680
Gross proceeds				30,371,190
Aggregate proceeds held in trust account				$ 229,775,680
Private Placement [Member] \| Sponsor and EarlyBirdCapital [Member]
Description of Organization and Business Operations (Details) [Line Items]
Gross proceeds							$ 5,350,000	$ 5,350,000
Price per unit (in Dollars per share)							$ 10.00	$ 10.00
Number of units issued (in Shares)							535,000
Number of units issued (in Shares)								535,000
Over-Allotment Option [Member]
Description of Organization and Business Operations (Details) [Line Items]
Price per unit (in Dollars per share)				$ 10.00
Class A Ordinary Stock [Member]
Description of Organization and Business Operations (Details) [Line Items]
Issuable upon exercise of options and warrants (in Shares)							44,880,595
Convertible Promissory Note [Member]
Description of Organization and Business Operations (Details) [Line Items]
Aggregate principal amount									$ 200,000	$ 500,000
Public Warrants [Member]
Description of Organization and Business Operations (Details) [Line Items]
Business combination, description							Following the Business Combination, the Company will continue to have outstanding 23,652,119 warrants, consisting of (i) approximately 22,977,568 public warrants (the “Public Warrants”) listed on the Nasdaq Stock Market (the “NASDAQ”) and (ii) 674,551 private warrants (the “Private Warrants” and, collectively with the Public Warrants, the “Warrants”), each exercisable for one share of Company Class A common stock at a price of $11.50 per share.

Summary of Significant Accounting Policies (Details) - Schedule of basic and diluted net income (loss) per common share - USD ($)	3 Months Ended		5 Months Ended	6 Months Ended	11 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2021	Dec. 31, 2020
Numerator: Earnings allocable to Common stock subject to possible redemption
Less: interest available to be withdrawn for payment of taxes	$ 7,694			$ 36,466	$ (105,839)
Company’s portion available to pay taxes	(7,694)			(36,466)
Net income allocable to Common stock subject to possible redemption
Denominator: Weighted Average Common stock subject to possible redemption
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption (in Shares)	22,103,036			22,195,523	21,779,604
Basic and diluted net income per share, Common stock subject to possible redemption (in Dollars per share)	$ 0.00			$ 0.00	$ 0.00
Non-Redeemable Common Stock
Net Loss	$ (5,726,988)		$ (1,000)	$ (7,544,047)	$ (2,585,377)
Non-Redeemable Net Loss	$ (5,726,988)		$ (1,000)	$ (7,544,047)	$ (2,585,377)
Denominator: Weighted Average Non-Redeemable Common Stock
Basic and diluted weighted average shares outstanding, Non-redeemable common stock (in Shares)	7,413,475	5,200,000	5,200,000	7,320,988	6,452,794
Basic and diluted net loss per share, Non-redeemable common stock (in Dollars per share)	$ (0.77)			$ (1.03)	$ (0.40)

Initial Public Offering (Details) - $ / shares	1 Months Ended		6 Months Ended	11 Months Ended
Initial Public Offering (Details) - $ / shares	Jul. 31, 2021	Jul. 24, 2020	Jun. 30, 2021	Dec. 31, 2020	Jul. 31, 2020
Initial Public Offering [Member]
Initial Public Offering (Details) [Line Items]
Number of units issued (in Shares)	2,977,568	20,000,000	20,000,000	20,000,000
Shares issued price per share			$ 10.00	$ 10.00
Initial public offering, description			Each Unit consists of one share of common stock and one warrant (“Public Warrant”). Each Public Warrant entitles the holder to purchase one share common stock at a price of $11.50 per share, subject to adjustment (see Note 8).	Each Unit consists of one share of common stock and one warrant (“Public Warrant”). Each Public Warrant entitles the holder to purchase one share common stock at a price of $11.50 per share, subject to adjustment (see Note 9).
Over-Allotment Option [Member]
Initial Public Offering (Details) [Line Items]
Shares issued price per share	$ 10.00				$ 10.00

Private Placement (Details) - USD ($)	1 Months Ended	6 Months Ended	11 Months Ended
Private Placement (Details) - USD ($)	Jul. 31, 2020	Jun. 30, 2021	Dec. 31, 2020	Jul. 24, 2020
Private Placement (Details) [Line Items]
Private units		535,000
Price per unit (in Dollars per share)		$ 10.00
Number of unit issued	2,977,568
Price per unit (in Dollars per share)	$ 10.00		$ 10.00	$ 10.00
Private Placement [Member]
Private Placement (Details) [Line Items]
Aggregate purchase price (in Dollars)		$ 5,350,000	$ 5,350,000
Number of unit issued	59,551
Price per unit (in Dollars per share)	$ 10.00		$ 10.00
Description of private placement		Each Private Unit consists of one share of common stock (“Private Share”) and one warrant (“Private Warrant”). Each Private Warrant entitles the holder to purchase one share of common stock at a price of $11.50 per full share, subject to adjustment (see Note 8).	Each Private Unit consists of one share of common stock (“Private Share”) and one warrant (“Private Warrant”). Each Private Warrant entitles the holder to purchase one share of common stock at a price of $11.50 per full share, subject to adjustment (see Note 8).
Sponsor [Member] \| Private Placement [Member]
Private Placement (Details) [Line Items]
Number of unit issued	483,420
Early Bird Capital [Member] \| Private Placement [Member]
Private Placement (Details) [Line Items]
Number of unit issued	111,131
Sponsor and EarlyBirdCapital [Member] \| Private Placement [Member]
Private Placement (Details) [Line Items]
Number of unit issued			535,000
Price per unit (in Dollars per share)		$ 10.00	$ 10.00

Warrants (Details) - USD ($)	6 Months Ended	11 Months Ended
Warrants (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020	Feb. 11, 2020
Warrants (Details) [Line Items]
Public warrants outstanding	22,977,568
Warrants expire term	7 years	5 years
Warrant agreement, description	In addition, if (x) the Company issues additional shares of common stock or equity-linked securities for capital raising purposes in connection with the closing of a Business Combination at an issue price or effective issue price of less than $9.20 per share of common stock (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors, and in the case of any such issuance to the Sponsor or their affiliates, without taking into account any Founder Shares held by them prior to such issuance), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of a Business Combination on the date of the consummation of a Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Company’s common stock during the 20 trading day period starting on the trading day prior to the day on which the Company consummates Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of (i) the Market Value or (ii) the price at which we issue the additional shares of common stock or equity-linked securities.	In addition, if (x) the Company issues additional shares of common stock or equity-linked securities for capital raising purposes in connection with the closing of a Business Combination at an issue price or effective issue price of less than $9.20 per share of common stock (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors, and in the case of any such issuance to the Sponsor or their affiliates, without taking into account any Founder Shares held by them prior to such issuance), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of a Business Combination on the date of the consummation of a Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Company’s common stock during the 20 trading day period starting on the trading day prior to the day on which the Company consummates Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of (i) the Market Value or (ii) the price at which we issue the additional shares of common stock or equity-linked securities.
Private placement warrants outstanding	594,551
Representative Shares [Member] \| February 11, 2020 [Member]
Warrants (Details) [Line Items]
Representative shares issued			200,000
Estimated the fair value of representative shares	$ 820	$ 820
Warrant [Member]
Warrants (Details) [Line Items]
Warrants expire term	5 years
Public Warrants [Member]
Warrants (Details) [Line Items]
Redeem public warrants descripcation	●in whole and not in part; ●at a price of $0.01 per warrant; ●upon not less than 30 days’ prior written notice of redemption to each warrant holder; ●if, and only if, the reported last sale price of the shares of common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations), for any 20 trading days within a 30 trading day period commencing at any time after the warrants become exercisable and ending on the third business day prior to the notice of redemption to warrant holders; and ●if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants.	●in whole and not in part; ●at a price of $0.01 per warrant; ●upon not less than 30 days’ prior written notice of redemption to each warrant holder; ●if, and only if, the reported last sale price of the shares of common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations), for any 20 trading days within a 30 trading day period commencing at any time after the warrants become exercisable and ending on the third business day prior to the notice of redemption to warrant holders; and ●if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants.

Fair Value Measurements (Details) - Schedule of fair value on a recurring basis - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Level 1 [Member]
Assets:
Marketable securities held in Trust Account	$ 229,788,742	$ 229,884,479
Level 3 [Member]
Liabilities:
Warrant Liability – Private Placement Warrants	6,605,462	630,224
Convertible Promissory Notes – Related Party	$ 480,400

Fair Value Measurements (Details) - Schedule of model for the private placement warrants - $ / shares		6 Months Ended	8 Months Ended	11 Months Ended
	Jul. 24, 2020	Jun. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Fair Value Measurements (Details) - Schedule of model for the private placement warrants [Line Items]
Risk-free interest rate		0.83%		0.35%
Trading days per year	252 days	252 days	252 days	252 days
Expected volatility		87.60%		17.40%
Exercise price (in Dollars per share)	$ 11.50	$ 11.50	$ 11.50	$ 11.50
Stock Price (in Dollars per share)	$ 10.00	$ 15.58	$ 10.00	$ 10.00
Convertible Promissory Notes [Member]
Fair Value Measurements (Details) - Schedule of model for the private placement warrants [Line Items]
Risk-free interest rate		0.83%
Trading days per year		252 days
Expected volatility		87.60%
Exercise price (in Dollars per share)		$ 11.50
Stock Price (in Dollars per share)		$ 15.58
Probability of transaction		90.00%

Fair Value Measurements (Details) - Schedule of changes in the fair value of warrant liabilities	6 Months Ended
	Jun. 30, 2021 USD ($)
Private Placement Warrants [Member]
Fair Value Measurements (Details) - Schedule of changes in the fair value of warrant liabilities [Line Items]
Fair value as of January 1, 2021	$ 630,224
Change in valuation inputs or other assumptions	5,975,238
Fair value as of June 30, 2021	6,605,462
Convertible Promissory Notes [Member]
Fair Value Measurements (Details) - Schedule of changes in the fair value of warrant liabilities [Line Items]
Fair value as of January 1, 2021
Proceeds received through Convertible Promissory Note	200,000
Change in valuation inputs or other assumptions	280,400
Fair value as of June 30, 2021	$ 480,400

Restatement of Previously Issued Financial Statements (Details) - Schedule of balance sheet and operation - USD ($)	3 Months Ended	8 Months Ended	11 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2020	Jul. 24, 2020
As Previously Reported [Member]
Balance Sheet as of:
Warrant liability
Total Liabilities	51,267	51,267	2,041,838
Common Stock Subject to Possible Redemption	225,527,000	225,527,000	223,520,590	225,628,970
Common Stock	696	696	716	696
Additional Paid-in Capital	5,102,284	5,102,284	7,108,674	5,000,314
Accumulated deficit	(102,977)	(102,977)	(2,109,383)	(1,000)
Total Shareholders’ Equity	$ 5,000,003	$ 5,000,003	$ 5,000,007	$ 5,000,010
Number of shares subject to redemptions (in Shares)	22,552,700	22,552,700	22,352,059	22,562,897
Three Months Ended September 30, 2020 (unaudited)
Allocation of initial public offering costs
Change in fair value of warrant liability
Net loss	$ (101,977)	$ (102,977)
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption (in Shares)	22,552,700		22,557,034
Basic and diluted net income per share, Common stock subject to possible redemption (in Dollars per share)	$ 0.00
Basic and diluted weighted average shares outstanding, Non-redeemable common stock	$ 6,496,149	$ 5,713,990
Basic and diluted net loss per share, Non-redeemable common stock (in Dollars per share)	$ (0.02)	$ (0.02)
Adjustments [Member]
Balance Sheet as of:
Warrant liability	$ 219,984	$ 219,984	$ 630,224	$ 154,583
Total Liabilities	219,984	219,984	630,224	154,583
Common Stock Subject to Possible Redemption	(219,984)	(219,984)	(630,220)	(154,583)
Common Stock	2	2	7	1
Additional Paid-in Capital	65,752	65,752	475,983	352
Accumulated deficit	(65,754)	(65,754)	(475,994)	(353)
Total Shareholders’ Equity			$ (4)
Number of shares subject to redemptions (in Shares)	(21,998)	(21,998)	(63,022)	(15,458)
Three Months Ended September 30, 2020 (unaudited)
Allocation of initial public offering costs		$ (353)	$ 353
Change in fair value of warrant liability		(65,401)
Net loss	$ (65,754)	$ (65,754)
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption (in Shares)		22,552,700	(777,430)
Basic and diluted net income per share, Common stock subject to possible redemption (in Dollars per share)	$ 0.00	$ 0.00	$ 0.00
Basic and diluted weighted average shares outstanding, Non-redeemable common stock
Basic and diluted net loss per share, Non-redeemable common stock (in Dollars per share)	$ (0.01)	$ (0.01)
As Restated [Member]
Balance Sheet as of:
Warrant liability	$ 219,984	$ 219,984	$ 630,224	$ 154,583
Total Liabilities	271,251	271,251	2,672,062	154,583
Common Stock Subject to Possible Redemption	225,307,016	225,307,016	222,890,370	225,474,387
Common Stock	698	698	723	697
Additional Paid-in Capital	5,168,036	5,168,036	7,584,657	5,000,666
Accumulated deficit	(168,731)	(168,731)	(2,585,377)	(1,353)
Total Shareholders’ Equity	$ 5,000,003	$ 5,000,003	$ 5,000,003	$ 5,000,010
Number of shares subject to redemptions (in Shares)	22,530,702	22,530,702	22,289,037	22,547,439
Three Months Ended September 30, 2020 (unaudited)
Allocation of initial public offering costs		$ (353)	$ 353
Change in fair value of warrant liability		(65,401)
Net loss	$ (167,731)	$ (168,731)
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption (in Shares)	22,552,700	22,552,700	21,779,604
Basic and diluted net income per share, Common stock subject to possible redemption (in Dollars per share)	$ 0.00	$ 0.00	$ 0.00
Basic and diluted weighted average shares outstanding, Non-redeemable common stock	$ 6,496,149	$ 5,713,990
Basic and diluted net loss per share, Non-redeemable common stock (in Dollars per share)	$ (0.03)	$ (0.03)

Restatement of Previously Issued Financial Statements (Details) - Schedule of casf flow and equity - USD ($)	3 Months Ended	8 Months Ended	11 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2020
As Previously Reported [Member]
Restatement of Previously Issued Financial Statements (Details) - Schedule of casf flow and equity [Line Items]
Allocation of initial public offering costs
Change in fair value of warrant liability
Net loss	$ (101,977)	$ (102,977)	$ (2,109,383)
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption (in Shares)	22,552,700		22,557,034
Basic and diluted net income per share, Common stock subject to possible redemption (in Dollars per share)	$ 0.00
Basic and diluted weighted average shares outstanding, Non-redeemable common stock (in Shares)			6,068,878
Basic and diluted net loss per share, Non-redeemable common stock (in Dollars per share)			$ (0.35)
Three Months Ended September 30, 2020 (unaudited)
Sale of 594,551 Private Units	$ 5,945,510	$ 5,945,510	$ 5,945,510
Common stock subject to possible redemption	(225,527,000)	(225,527,000)	(223,520,590)
Period from February 11, 2020 (inception) to September 30, 2020 (unaudited)
Change in fair value of warrant liability
Transaction costs incurred in connection with IPO
Adjustments [Member]
Restatement of Previously Issued Financial Statements (Details) - Schedule of casf flow and equity [Line Items]
Allocation of initial public offering costs		353	(353)
Change in fair value of warrant liability			(475,641)
Net loss	$ (65,754)	$ (65,754)	$ (475,994)
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption (in Shares)		22,552,700	(777,430)
Basic and diluted net income per share, Common stock subject to possible redemption (in Dollars per share)	$ 0.00	$ 0.00	$ 0.00
Basic and diluted weighted average shares outstanding, Non-redeemable common stock (in Shares)			383,916
Basic and diluted net loss per share, Non-redeemable common stock (in Dollars per share)			$ (0.05)
Three Months Ended September 30, 2020 (unaudited)
Sale of 594,551 Private Units	$ (154,230)	$ (154,230)	$ (154,230)
Common stock subject to possible redemption	219,990	219,990	630,220
Period from February 11, 2020 (inception) to September 30, 2020 (unaudited)
Change in fair value of warrant liability		65,401	475,641
Transaction costs incurred in connection with IPO		353	353
As Restated [Member]
Restatement of Previously Issued Financial Statements (Details) - Schedule of casf flow and equity [Line Items]
Allocation of initial public offering costs		353	(353)
Change in fair value of warrant liability			(475,641)
Net loss	$ (167,731)	$ (168,731)	$ (2,585,377)
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption (in Shares)	22,552,700	22,552,700	21,779,604
Basic and diluted net income per share, Common stock subject to possible redemption (in Dollars per share)	$ 0.00	$ 0.00	$ 0.00
Basic and diluted weighted average shares outstanding, Non-redeemable common stock (in Shares)			6,452,794
Basic and diluted net loss per share, Non-redeemable common stock (in Dollars per share)			$ (0.40)
Three Months Ended September 30, 2020 (unaudited)
Sale of 594,551 Private Units	$ 5,791,280	$ 5,791,280	$ 5,791,280
Common stock subject to possible redemption	$ (225,307,010)	(225,307,010)	(222,890,370)
Period from February 11, 2020 (inception) to September 30, 2020 (unaudited)
Change in fair value of warrant liability		65,401	475,641
Transaction costs incurred in connection with IPO		$ 353	$ 353

Restatement of Previously Issued Financial Statements (Details) - Schedule of casf flow and equity (Parentheticals) - shares	3 Months Ended	8 Months Ended	11 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2020
As Previously Reported [Member]
Restatement of Previously Issued Financial Statements (Details) - Schedule of casf flow and equity (Parentheticals) [Line Items]
Sale of units	594,551	594,551	594,551
Adjustments [Member]
Restatement of Previously Issued Financial Statements (Details) - Schedule of casf flow and equity (Parentheticals) [Line Items]
Sale of units	594,551	594,551	594,551
As Restated [Member]
Restatement of Previously Issued Financial Statements (Details) - Schedule of casf flow and equity (Parentheticals) [Line Items]
Sale of units	594,551	594,551	594,551

Summary of Significant Accounting Policies (Restated) (Details) - Schedule of basic and diluted net income (loss) per common share - USD ($)	3 Months Ended		5 Months Ended	6 Months Ended	11 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2021	Dec. 31, 2020
Numerator: Earnings allocable to Common stock subject to possible redemption
Interest earned on marketable securities held in Trust Account					$ 97,270
Unrealized gain on marketable securities held in Trust Account					8,569
Less: interest available to be withdrawn for payment of taxes	$ 7,694			$ 36,466	(105,839)
Less: interest available to be withdrawn for working capital
Net income allocable to Common stock subject to possible redemption
Denominator: Weighted Average Common stock subject to possible redemption
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption (in Shares)	22,103,036			22,195,523	21,779,604
Basic and diluted net income per share, Common stock subject to possible redemption (in Dollars per share)	$ 0.00			$ 0.00	$ 0.00
Non-Redeemable Common Stock
Net loss	$ (5,726,988)		$ (1,000)	$ (7,544,047)	$ (2,585,377)
Less: Net income allocable to Common stock subject to possible redemption
Non-Redeemable Net Loss	$ (5,726,988)		$ (1,000)	$ (7,544,047)	$ (2,585,377)
Denominator: Weighted Average Non-redeemable common stock
Basic and diluted weighted average shares outstanding, Non-redeemable common stock (in Shares)	7,413,475	5,200,000	5,200,000	7,320,988	6,452,794
Basic and diluted net loss per share, Non-redeemable common stock (in Dollars per share)	$ (0.77)			$ (1.03)	$ (0.40)

Income Tax (Restated) (Details) - Schedule of deferred tax assets - FF Intelligent Mobility Global Holdings Ltd [Member]	12 Months Ended
	Dec. 31, 2020 USD ($)
Deferred tax assets (liabilities)
Net operating loss carryforward	$ 129,221
Startup and organizational expenses	436,047
Unrealized gain on marketable securities	(22,848)
Total deferred tax assets	542,420
Valuation Allowance	(542,420)
Deferred tax assets, net valuation allowance

Income Tax (Restated) (Details) - Schedule of provision for income taxes	11 Months Ended
	Dec. 31, 2020 USD ($)
Federal
Current
Deferred	(542,420)
State and Local
Current
Deferred
Change in valuation allowance	542,420
Income tax provision

Income Tax (Restated) (Details) - Schedule of federal income tax rate	11 Months Ended
	Dec. 31, 2020
Schedule of federal income tax rate [Abstract]
Statutory federal income tax rate	21.00%
Valuation allowance	(21.00%)
Income tax provision	0.00%

Fair Value Measurements (Restated) (Details) - Schedule of fair value on a recurring basis - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Level 1 [Member]
Fair Value Measurements (Restated) (Details) - Schedule of fair value on a recurring basis [Line Items]
Cash and marketable securities held in Trust Account	$ 229,788,742	$ 229,884,479
Level 3 [Member]
Fair Value Measurements (Restated) (Details) - Schedule of fair value on a recurring basis [Line Items]
Warrant Liability – Private Placement Warrants	$ 6,605,462	$ 630,224

Fair Value Measurements (Restated) (Details) - Schedule of model for the private placement warrants - $ / shares		6 Months Ended	8 Months Ended	11 Months Ended
	Jul. 24, 2020	Jun. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Schedule of model for the private placement warrants [Abstract]
Risk-free interest rate	0.34%		0.34%	0.34%
Trading days per year	252 days	252 days	252 days	252 days
Expected volatility	27.00%		27.00%	27.00%
Exercise price	$ 11.50	$ 11.50	$ 11.50	$ 11.50
Stock Price	$ 10.00	$ 15.58	$ 10.00	$ 10.00

Fair Value Measurements (Restated) (Details) - Schedule of changes in the fair value of the Private Placement Warrants - Warrant Liability [Member]	11 Months Ended
	Dec. 31, 2020 USD ($)
Fair Value Measurements (Restated) (Details) - Schedule of changes in the fair value of the Private Placement Warrants [Line Items]
Fair value as of February 11, 2020 (inception)
Initial measurement on July 24, 2020	154,583
Change in valuation inputs or other assumptions	475,641
Fair value as of December 31, 2020	$ 630,224