Mullen Delivers 63 More Class 3 Vehicles To Randy Marion Automotive Group Valued At $3,969,000; To-Date, 121 Class 3s Delivered Valued At $7,623,000
Portfolio Pulse from Happy Mohamed
Mullen Automotive, Inc. has delivered 63 more Class 3 electric vehicles to Randy Marion Automotive Group, invoicing a total of $3,969,000. This brings the total delivered to 121 vehicles, valued at $7,623,000. Mullen is on track to deliver 150 vehicles by the end of 2023, as part of Randy Marion's 1,000 vehicle order worth $63 million. Production is based in Tunica, Mississippi, with a planned annual capacity of 3,000 vehicles per shift. The Mullen THREE, a Class 3 EV truck, is designed for urban last-mile delivery with a 125-mile range and a payload of over 5,300 pounds.
December 26, 2023 | 2:01 pm
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Mullen Automotive's recent delivery of 63 Class 3 EVs to Randy Marion, totaling $3,969,000, indicates progress in fulfilling a large order and could positively impact investor sentiment.
The delivery of a significant number of vehicles and the substantial invoiced amount demonstrate Mullen's operational capabilities and progress towards fulfilling a large contract. This news is likely to be viewed positively by investors as it reflects the company's ability to generate revenue and meet its commitments, which could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100