What's Going On With Mullen Automotive Stock Today?
Portfolio Pulse from Nabaparna Bhattacharya
Mullen Automotive's stock is trading higher after announcing that its unit, Bollinger Motors, will start producing the Bollinger B4 Chassis Cabs in September 2024, with deliveries and revenue expected in October 2024. The B4 EV truck is designed with a secure battery solution and will be produced in partnership with Roush Industries.
August 21, 2024 | 3:13 pm
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Mullen Automotive's stock is up 8% following the announcement that Bollinger Motors will begin production of the B4 Chassis Cabs in September 2024, with deliveries starting in October 2024. The B4 offers a secure battery solution for commercial fleets.
The announcement of a production timeline for the Bollinger B4 Chassis Cabs is a positive development for Mullen Automotive, as it indicates progress towards revenue generation. The stock's 8% increase reflects investor optimism about the company's future prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100