Mullen Announces The Sale Of 22 EV Cargo Vans To Randy Marion Automotive Group; Sales Revenue To Be Recognized In Upcoming 10-Q; Revenue Of $308,000 Booked And Recorded For Quarter Ending June 30, 2023
Portfolio Pulse from Happy Mohamed
Mullen Automotive (NASDAQ:MULN) has sold 22 EV cargo vans to Randy Marion Automotive Group, marking its first recorded revenue of $308,000. The revenue will be recognized in the quarter ending June 30, 2023. Mullen is also in process with six Campus EV Pilot Programs across four different industry categories. The company's commercial vehicles will be produced at Mullen's Tunica assembly plant.
June 29, 2023 | 12:18 pm
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Mullen Automotive's sale of 22 EV cargo vans to Randy Marion Automotive Group marks its first recorded revenue, which could positively impact its stock price.
The sale of 22 EV cargo vans to Randy Marion Automotive Group marks Mullen Automotive's first recorded revenue, which is a significant milestone for the company. This could increase investor confidence in the company's ability to generate revenue, potentially leading to a rise in its stock price.
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