US stock anomaly | Faraday Future (FFAI.US) plunges more than 6% and is accused by short-selling institutions of relying on false orders to boost stock prices.

According to the Wise Finance app, on Tuesday, Faraday Future (FFAI.US) fell more than 6%, to $1.621. On the news front, renowned short selling firm Wolfpack Research recently announced that they have taken a short position on Faraday Future (FFAI) and warned that the company may face delisting risks, ultimately causing the stock price to fall to a "penny stock" level. Wolfpack Research accused Faraday Future in their short report of rising stock prices based on "false orders, switching to Chinese MPVs, and a large number of lies," with the aim of deceiving retail investors into buying before equity dilution.