The Securities and Exchange Commission has dropped its investigation into electric vehicle startup Faraday Future, concluding a four-year probe that subjected the company to multiple subpoenas and depositions.

The investigation, which began in 2020, focused on various aspects of Faraday Future's business operations and financial disclosures. During this period, the company faced significant regulatory scrutiny as it worked to bring its electric vehicles to market.

Faraday Future has experienced numerous challenges since its founding, including leadership changes, production delays, and financial difficulties. The company has struggled to establish itself in the competitive electric vehicle market dominated by established players like Tesla and traditional automakers.

The closure of the SEC investigation removes one regulatory hurdle for the startup, though the company continues to face operational and financial challenges. Faraday Future has not yet achieved large-scale commercial production of its vehicles despite years of development.

The SEC did not provide details about the reasons for closing the investigation or whether any enforcement actions would result from its findings. The conclusion of this probe allows Faraday Future to move forward without the ongoing regulatory uncertainty that has overshadowed its operations.