What's Going On With Mullen Automotive Stock Today?
Portfolio Pulse from Nabaparna Bhattacharya
Mullen Automotive's stock is trading lower after announcing that its subsidiary, Bollinger Motors, has partnered with TEC Equipment to expand its commercial EV dealer network in the Western US. Despite recent milestones, including vehicle sales and EPA certification, MULN shares fell by 7.39%.
August 29, 2024 | 5:57 pm
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Mullen Automotive's stock is down 7.39% following the announcement of a new partnership for its subsidiary, Bollinger Motors, with TEC Equipment. This expands Bollinger's dealer network in the Western US, but the stock still faces downward pressure.
Despite the positive news of expanding its dealer network and recent milestones, Mullen Automotive's stock is trading lower. This suggests that investors may have concerns about the company's overall performance or market conditions, leading to a short-term negative impact on the stock price.
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