Mullen Automotive shares are trading higher after the company announced it shipped initial commercial EVs under a $210 million purchase contract with UAE based Volt Mobility.
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive's shares rose following the announcement of shipping initial commercial EVs under a $210 million contract with UAE's Volt Mobility.
September 04, 2024 | 4:18 pm
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POSITIVE IMPACT
Mullen Automotive's stock is trading higher due to the shipment of initial commercial EVs under a significant $210 million contract with Volt Mobility, indicating strong business momentum.
The shipment of EVs under a substantial $210 million contract suggests strong business execution and potential revenue growth, positively impacting Mullen Automotive's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100