What's Going On With Mullen Automotive Stock Thursday?
Portfolio Pulse from Adam Eckert
Mullen Automotive Inc (NASDAQ:MULN) announced the start of Class 3 vehicle production at its Tunica, Mississippi assembly plant. The first customer deliveries are expected to begin in August and September. The company plans to gradually ramp up production from September to December, aiming for an annual production of 3,000 Class 3 vehicles. Mullen has received purchase orders for 1,250 Mullen THREE trucks valued at $79 million.
August 10, 2023 | 1:02 pm
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POSITIVE IMPACT
Mullen Automotive's announcement of the start of Class 3 vehicle production and the receipt of purchase orders valued at $79 million could positively impact its stock price.
The start of production and the receipt of significant purchase orders indicate a positive development for Mullen Automotive. This could lead to increased investor confidence and a potential rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100