Mullen's Bollinger Motors Marks Milestone With $500 Thousand West Coast EV Truck Delivery
Portfolio Pulse from Lekha Gupta
Mullen Automotive's Bollinger Motors has delivered its first West Coast EV trucks, marking a significant milestone. The delivery of three Bollinger B4 Chassis Cabs to TEC Equipment dealerships is valued at nearly $500,000. The trucks qualify for federal and state incentives, potentially saving over $100,000 per vehicle. Mullen's shares rose by 3.96% following the news.
October 30, 2024 | 4:30 pm
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Mullen Automotive's Bollinger Motors delivered its first West Coast EV trucks, leading to a 3.96% increase in MULN shares. The delivery is valued at nearly $500,000 and qualifies for significant federal and state incentives.
The delivery of Bollinger B4 Chassis Cabs marks a significant milestone for Mullen Automotive, indicating progress in their EV strategy. The news of the delivery and the associated incentives likely contributed to the 3.96% rise in MULN shares, reflecting positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100