Streetbeat News

MULN

Mullen Automotive, Inc.

Industry

Auto - Manufacturers

Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles. It also operates CarHub, a digital platform that leverages AI to offer an interactive solution for buying, selling, and owning a car; and provides battery technology and emergency point-of-care solutions. The company was founded in 2014 and is based in Brea, California.

Open

1.72

Mkt cap

14M

Volume

2.4M

High

1.74

P/E Ratio

N/A

52-wk high

1870.00

Low

1.55

Div yield

N/A

52-wk low

1.55

Bollinger Motors' Class 4 electric truck, the Bollinger B4, has been approved for California's HVIP, granting a $60,000 cash voucher per vehicle sold. Combined with a $40,000 federal tax credit, the truck's net cost could be under $60,000.

Portfolio Pulse from

November 18, 2024 | 2:45 pm

Bollinger Motors' all-electric Bollinger B4 is now eligible for the New York Truck Voucher Incentive Program (NYTVIP), potentially providing customers with up to $100,000 in credits. This incentive is part of a broader initiative by the New York State Energy and Research Development Authority to promote commercial electric vehicles.

Portfolio Pulse from

November 07, 2024 | 3:00 pm

Mullen Automotive has issued a notice regarding a proposed settlement of derivative actions and a settlement hearing. The company's board has approved the settlement, which includes corporate governance enhancements. Plaintiffs' counsel will seek court approval for attorneys' fees up to $500,000.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 9:17 pm

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.

Portfolio Pulse from Lekha Gupta

October 30, 2024 | 4:30 pm

Mullen's Bollinger Motors has delivered its first B4 electric trucks to West Coast dealer TEC Equipment, with the delivery valued at $500,000. The revenue from this delivery will be recognized in the current fiscal quarter.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 1:26 pm

Several consumer discretionary stocks experienced significant intraday movements on Monday. Notable gainers included Greenlane Holdings, Serve Robotics, and QuantaSing Group, while Digital Brands Group and SAG Holdings were among the top losers.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 4:31 pm

Mullen Automotive's stock is down 11.8% after announcing $10 million in non-dilutive debt financing from Robert Bollinger to support Bollinger Motors' production. The company also established Mullen Credit Corporation and plans a 20% workforce reduction.

Portfolio Pulse from Lekha Gupta

October 28, 2024 | 4:10 pm

Robert Bollinger has provided Mullen Automotive with $10 million in financing. This financial support could help Mullen in its operations and growth plans.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 1:08 pm

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:50 pm

Several consumer discretionary stocks experienced significant price movements during Wednesday's intraday session. Notable gainers included Stride (LRN) with a 34.4% increase following its Q1 earnings report, and Lithia Motors (LAD) with a 10.24% rise after releasing its Q3 earnings. On the losing side, Interactive Strength (TRNR) saw a 15.8% decline.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 4:31 pm

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