(Reuters) - Faraday Future Intelligent Electric Inc's shares fell more than 7% in premarket trading on Tuesday after the electric-vehicle maker flagged the need for more cash to launch its FF91 luxury model. The company is in talks to raise more than $200 million to fund production activities until year-end and beyond, it said in a regulatory filing on Monday. The comments mark a reversal from Chief Executive Carsten Breitfeld's statement just last month that Faraday Future would be able to launch its flagship model without additional funding. EV startups that promised to disrupt the automotive industry by using a software- and technology-heavy approach are now scrambling to cut costs and secure fresh lines of cash. The dearth of funding forced Electric Last Mile Solutions, an electric delivery van startup, to file for Chapter 7 bankruptcy protection in June.