5 Best Small Cap Automotive Stocks To Buy

4. Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)

Number of Hedge Fund Holders: 14

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) is involved in the design, development, manufacturing, engineering, and distribution of electric vehicles and related accessories. It was incorporated in 2014 and is headquartered in Los Angeles, California. Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) is one of the best automotive stocks to monitor. 

On June 27, Faraday Future Intelligent Electric (NASDAQ:FFIE) secured an additional funding commitment of $90 million along with the acceleration of an existing commitment of $15 million. The investment round was led by ATW Partners Funds and Senyun International. This financing will aid in the continued production and delivery of the FF 91 electric vehicle and support the company’s long-term strategic objectives.

According to Insider Monkey’s first quarter database, 14 hedge funds were bullish on Faraday Future Intelligent Electric (NASDAQ:FFIE), with combined stakes worth $2.3 million. Ryan Tolkin’s Schonfeld Strategic Advisors is a prominent stakeholder of the company, with 528,000 worth $186,964. 

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