Mullen Automotive Provides Timeline Update On U.S. Customs And Border Protection Ruling For Class 1 EV Cargo Vans
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive has updated the timeline for the U.S. Customs and Border Protection (CBP) ruling on its Class 1 EV cargo vans. The CBP typically processes ruling requests on a first-in, first-out basis and decisions are usually made within 45 to 90 days, although this timeframe may extend based on the agency's caseload.
February 21, 2024 | 2:31 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Mullen Automotive is awaiting a CBP ruling for its Class 1 EV cargo vans, with the process potentially extending beyond the usual 45-90 days due to caseload.
The update on the CBP ruling timeline for Mullen Automotive's Class 1 EV cargo vans indicates a regulatory step that is necessary for the company to proceed with its plans. While the typical decision timeframe is 45 to 90 days, an extension due to CBP's caseload could delay Mullen's ability to market or distribute these vans. This uncertainty may have a neutral short-term impact on MULN's stock price as investors await the final ruling.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90