Andrew J. Hawkins, writing for The Verge:
A focus on everything is a focus on nothing. Adams' talk about one autonomous super device, incorporating 'extreme' technology, that can serve as a ride sharing, point to point vehicle whilst also being able to compete in a Formula E race sound like marketing buzzwords rather than any real concrete plan to create an electric vehicle.
A large proportion of any company's value is made up of the Intellectual Property (IP) that it owns. For Faraday Future (FF), a newly established start-up that aims to differentiate itself through its unique, highly advanced technology and other innovations, its IP is the entirety of its worth.
Not owning the technology that you have purported to develop has serious consequences. Amongst others, a third party or other company (such as FF Cayman Global) with a stake in FF's Intellectual Property could exert undue influence or pressure on the company's R&D direction and the products that it brings to market. In a worst case scenario, FF's IP could be transferred to a competitor that could legitimately demand (and take legal action) that Faraday Future cease business operations out of infringing the competitor's IP.
To put it bluntly, Faraday Future not owning its IP gives rise to a very large serving of scepticism regarding its viability as a going concern and as a sustainable business entity. Whilst FF deserves the benefit of the doubt on the basis of the talent they have employed, the company at present is as valuable as Monopoly money.