Mullen Automotive Secures Major European Order for Delivery EVs
Portfolio Pulse from Anusuya Lahiri
Mullen Automotive (NASDAQ:MULN) has secured a purchase order for 40 Mullen-GO urban delivery vehicles from Switzerland-based Antidoto SA, with a potential for 180 more units in 2025. This order is part of Mullen's European expansion strategy. Mullen's stock has lost over 99% in the last 12 months, and investors can gain exposure through ETFs like Carbon Collective Climate Solutions U.S. Equity ETF (NASDAQ:CCSO) and Vanguard Extended Market ETF (NYSE:VXF).
May 29, 2024 | 4:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Mullen Automotive has secured a purchase order for 40 Mullen-GO urban delivery vehicles from Antidoto SA, with a potential for 180 more units in 2025. This order is part of Mullen's European expansion strategy.
The new purchase order and potential future orders indicate growing demand for Mullen's vehicles in Europe, which could positively impact the company's revenue and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Investors can gain exposure to Mullen Automotive through the Carbon Collective Climate Solutions U.S. Equity ETF (CCSO).
While the ETF includes Mullen Automotive, the direct impact on the ETF's price is less significant compared to the individual stock.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors can gain exposure to Mullen Automotive through the Vanguard Extended Market ETF (VXF).
While the ETF includes Mullen Automotive, the direct impact on the ETF's price is less significant compared to the individual stock.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50