Mullen Announces 2023 Class 1 And Class 3 Invoice Totals Of $12,559,520; Delivered 100 Class 1 And 141 Class 3 Vehicles Thru Dec 31, 2023 To Randy Marion Automotive Group; Has An Additional 185 Class 1 Vehicles Scheduled For Delivery Through Jan 8, 2024
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive, Inc. (NASDAQ:MULN) delivered 100 Class 1 and 141 Class 3 vehicles to Randy Marion Automotive Group by Dec. 31, 2023, totaling $12,559,520 in invoices. An additional 185 Class 1 vehicles are scheduled for delivery by Jan. 8, 2024. These deliveries are part of a larger order consisting of 6,000 Class 1 vehicles worth $200 million and 1,000 Class 3 vehicles worth $63 million, with the majority to be delivered throughout 2024.
January 04, 2024 | 2:46 pm
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Mullen Automotive has successfully delivered a significant number of vehicles to Randy Marion Automotive Group, with more scheduled, indicating progress in fulfilling large purchase orders and potentially boosting investor confidence.
The successful delivery of vehicles and the announcement of scheduled future deliveries demonstrate Mullen Automotive's operational progress and ability to generate revenue. This news is likely to be viewed positively by investors, as it reflects the company's commitment to fulfilling large orders and its potential for growth in the EV market. The information is directly related to Mullen Automotive's core business operations and is critical for investors monitoring the company's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100