What's Going On With Mullen Automotive Stock Today?
Portfolio Pulse from Erica Kollmann
Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading lower after the company announced a commercial EV launch event to celebrate the completed production of the first Class 3 vehicles. The event will be held on Aug. 24 at Mullen's commercial assembly plant in Tunica, Mississippi.
July 21, 2023 | 4:37 pm
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Mullen Automotive's stock is trading lower after the announcement of a commercial EV launch event. The event is to celebrate the completion of the first Class 3 vehicles.
The drop in Mullen Automotive's stock price could be due to investors' reactions to the announcement of the commercial EV launch event. While the event signifies progress in the company's production, it may also signal increased expenses in the short term, which could impact the company's financial performance.
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IMPORTANCE 75
RELEVANCE 100