Trip Chowdhry thinks Faraday Future’s FF 91 unveiling was a “non-event” and “Dead on Departure”

Published By: Eunice Gettys on January 6, 2017 07:06 am EST

Since last month, Tesla Motors Inc.'s (NASDAQ:TSLA) China-backed competitor, Faraday Future, has been releasing teaser videos on its recently unveiled all-electric SUV-shaped supercar, FF91. It claims that it is better than Tesla’s top-of-the-line Model S P100D, the world’s fastest accelerating vehicle, that can accelerate 0-60 mph in 2.4 seconds.

Faraday Future's unveiled the vehicle, which it says is the real “Tesla killer,” at Consumer Electrics Show (CES) 2017 earlier this week and its specs were mind-blowing. With battery pack of 130kWh, the FF 91 has 1050 horsepower and EPA-range of 378 miles. It also has a 200kW DC charger that can give 250 mile-range within half an hour of charging. Teh vehicle is also supplied with a 15kW AC home charger.

The FF 91, whose reservations are open now, beats the Model S P100D in almost every metric, at least on paper. Global Equities Research analyst, Trip Chowdhry, believes that the announcement of Faraday Future is a “non-event” and “Dead on Departure” (DoD), a term he has previously used for other Tesla competitor, particularly Chevrolet Bolt EV.

The analyst says that Faraday Future was unable to provide customers with what they required in a high-end battery-powered car: an extension of Apple iPhone experience.

He highlighted that a Tesla car offers 17-inch screen, apps, multiple sensors, over-the-air (OTA) soft updates, as well as other high-tech services and gadgets. Moreover, he believes that Tesla is developing an entirely new industry and ecosystem that provides a “big, broad, and bold strategy,” some that is relatable to iPhone users.

Conversely, Mr. Chowdhry said that Faraday Future has an “extremely narrow and myopic view” that is too small to even “stir a cup of water.” He advised his clients in recent research report to buy Tesla shares on any weakness, particularly after its fourth quarter delivery report.

Tesla share closed the trading session down 0.11% at $226.75 on Thursday.