Faraday Future has used their Annual Stockholders’ Day to release the first teaser image of the upcoming FX 4. We’ll learn more in the third quarter and it promises to be a “disruptor of [Toyota] RAV4 in the AIEV era.”

This appears to be the first time the company has announced the FX 4 as they’ve previously talked about the FX 5, FX 6, and FX Super One van. The FX 5 is being pitched as a “large-space sporty AIEV” that costs between $20,000 and $30,000, while the FX 6 has been billed as a large family vehicle that’s targeted to cost between $30,000 and $50,000.

More: Faraday X Super One Minivan Teased With A Big Honkin’ Grille

Little is known about the FX 4 at this point, but the teaser suggests the company could be working on a Tesla Model Y competitor. That remains to be seen, but the vehicle has a full-width light bar as well as curvaceous bodywork. We can also see a sculpted hood and thin A-pillars.

That’s not a lot to go on, but Faraday said they’ll begin accepting pre-orders before the end of the year. The company also said the model has the “greatest potential to become a true blockbuster and unlock the mainstream market.”

Speaking of teasers, the company released an image showing several prototypes that are said to be the FX 4, FX 6, and FX Super One. They all look pretty generic, but the car in the middle piques our interest.

On the topic of the Super One, the AI-MPV is expected to have its “exclusive offline product launch” on June 29, followed by a public debut on July 17.

The company has been talking about the van for months and they’re now suggesting it could “disrupt the market dominance of some leading market players such as the Cadillac Escalade.” If that wasn’t enough to make your eyes roll, the company boasted about having over 2,500 non-binding pre-orders.

The van has “now officially entered the parts procurement and production preparation phase,” and assembly is slated to begin later this year. However, with Faraday’s track record, we’ll believe it when we see it.

Enhanced teaser

Faraday Future has big plans including a new mainstream FX brand. It’s expected to offer an assortment of vehicles including a Super One minivan, an FX 6 crossover, and an entry-level FX 5 that costs between $20,000 and $30,000.

That’s a lot of new product, but Faraday Future doesn’t exactly have the best track record. On top of that, they’ve released their first quarter financial results, which paint a concerning picture.

More: Faraday X Super One Minivan Teased With A Big Honkin’ Grille

How bad? In the first quarter, the company delivered a grand total of two cars. That’s less than one per month, but it didn’t stop the automaker from proclaiming they expanded their “client base” and officially entered the East Coast market thanks to a delivery in New York.

That’s some glass half full thinking and things only get worse from there. Given dismal sales of the FF 91, the company only generated $300,000 (£225,576 / €266,712) in revenue from deliveries and leases.

If that wasn’t bad enough, Faraday continues to hemorrhage money. While the press release didn’t mention their net loss, it was buried in their financial presentation and totaled over $10.2 (£7.7 / €9.2) million. However, it’s $43.8 (£33.2 / €39.5) million operating loss is more eye-catching.

Those are some bleak numbers and their release had more warnings than a five alarm fire. These included the company’s “history of losses and expectation of continued losses” as well as risks related to operations in China.

Faraday Future did reiterate some good news including a pre-order agreement for 1,000 FX Super One vans from JC Auto. However, the forward looking statement burst that bubble as it noted the true number “may be as few as two.”

Likewise, the previously announced pre-order deal with Sky Horse Auto for 300 MPVs could be “as few as one.” On the bright side, their $30,000 (£22,550 / €26,658) deposit was non-refundable and that’s big money for a firm like Faraday.