Mullen Automotive shares are trading higher amid strength in EVs. The company announced that its all-electric Class 3 low cab forward chassis truck received certification from the California Air Resources Board.
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive's stock is trading higher following the announcement that its all-electric Class 3 low cab forward chassis truck has received certification from the California Air Resources Board, indicating a positive development for the company in the electric vehicle (EV) market.
January 29, 2024 | 8:06 pm
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POSITIVE IMPACT
Mullen Automotive's stock is likely to experience a positive short term impact due to the CARB certification of its electric truck, which is a significant milestone for the company in the EV industry.
Receiving certification from the California Air Resources Board is a critical step for Mullen Automotive as it validates the company's electric vehicle technology and opens up the Californian market for its Class 3 truck. This regulatory approval is likely to be viewed positively by investors and could lead to increased investor confidence and demand for MULN shares in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100