Faraday Future was founded by Chinese businessman Jia Yueting in April 2014 and is headquartered in Los Angeles, California, in the Harbor Gateway neighborhood, which is adjacent to Carson, California. From its inception in 2014, the company grew to 1000 employees by January 2016.

The company is named for one of the founding principles of electric motor technology known as Faraday's law of induction, which in turn is named after English scientist Michael Faraday who discovered electromagnetic induction.