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Faraday Future skyrockets with model reveals on tap for next week at CES

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Shares of Faraday Future (FFIE) were up 54.5% at 10:10 a.m. and swapped hands as high as $2.72 earlier in the session.

The electric vehicle company announced that entrepreneur Luke Hans will take delivery of the first FF 91 2.0 Futurist Alliance EV in 2025 .

Hans is considered a leader in the Los Angeles Chinese community.

The market cap on FFIE is back over $125 million with the push higher on Monday .