According to a source familiar with the matter, Faraday Future needs to be seen as a U.S.-based Tesla rival. “Chinese people don’t want to buy Chinese products,” the source told TechCrunch. However, there are rumblings in management. Faraday Future plans to release a vehicle rivaling Tesla’s model S in 2016. We’ve heard the price will be north of $100,000 (Tesla prices its Model S at $70,000).