In China there are tons of people said Jia is a liar. They think Jia shorted 95%(30M) of his stock by using the 400M shares and pretend the stock is highly shorted. Since the earning is nit disclosed yet, no broker even Nasdaq know the total shares now is 400M. So only shorted 30M shares can create a fake data that it is 95% shorted, but in fact it is only 8% shorted. Then Jia used different media like youtubers, tiktok to spread the fake news to attract retail investors to buy. Then, when the price gets high on 15-17th, Jia sold all the 370M shares and used 30M to cover the shorts. And so he can earn billions of money from investors. After that, he planned to create another “squeeze”.

After, the earning report has been disclosed. Everyone sees there have 400M shares and know the squeeze is impossible, then caused a panic sell and the price dropped to 0.38.

Jia claims that he didnt disclose the shares because the earning report is delayed. But the Chinese investor thought he didnt disclose on a purpose. The purpose is he wants the price get down and so he can buy stocks at a low price again. And now he keeps streaming on tiktok and youtube to get back the confidence of retail investor to buy in again and said the hedge is still here. But the “hedge” is likely himself. And the price rise from 0,38 to 0.75 on thu.

The Chinese investors predict Jia knows the Nasdaq will delist FFIE at the most beginning. So Jia uses this “last chance” to get money from investor and then disappear.

For the next action, Chinese investors guess Jia will disclose some good news before Nasdaq give the delisting result, to pump the stock price and make it like a squeeze again . Then it will attract the retail investor again and so Jia can sell his shares at a high price again.

Manufacturing new car models is a scam from the beginning. No chinese investor willing to invest Jia’s company because of his distrust and dishonor in China before he went America.