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.

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Shares of electric vehicle (EV) companies are experiencing an uptick due to positive market sentiment following comments from Fed Chair Powell regarding the economy and potential future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:10 pm

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.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2024 | 3:13 pm

Bollinger Motors, a subsidiary of Mullen Automotive, is set to begin production of saleable units of the Bollinger B4 Chassis Cab on September 16. This marks a significant milestone for Mullen as it expands its electric vehicle offerings.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:05 pm

Ault Alliance has reported a 9.90% passive stake in Mullen Automotive Inc as of July 8, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 8:34 pm

Mullen Automotive has sold its Mullen THREE, a Class 3 EV box truck, to Princeton University's facilities operations to support campus operations and sustainability goals. This sale aligns with Princeton's efforts to achieve net-zero carbon emissions by 2046.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 1:18 pm

Mullen Automotive's short interest has fallen by 20.55%, with 4.53 million shares sold short, representing 19.41% of its float. This is higher than the peer group average of 6.91%. The decrease in short interest may indicate a shift in market sentiment.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 2:00 pm

Mullen Automotive (NASDAQ:MULN) shares dropped after the company reported Q3 financial results, showing minimal revenue and a significant net loss. The company deferred revenue recognition for invoiced vehicles until payment and sale to end users. Shares hit new 52-week lows with a high short interest.

Portfolio Pulse from Erica Kollmann

August 12, 2024 | 8:32 pm

Mullen Automotive reported Q3 revenue of $65,235, which is significantly low for an automotive company.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:03 pm

Mullen Automotive has delivered a Class 1 EV cargo van to the University of Virginia's Sustainable Fleet Department. This follows a previous purchase by UVA and a recent $7.7 million order from Eco Auto, indicating growing demand for Mullen's electric commercial vehicles.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 1:10 pm

Mullen Automotive is expanding its reach on the East Coast through a partnership with Eco Auto, which will purchase 180 electric vehicles (EVs) worth $7.7 million over 18 months. Deliveries are set to begin in September 2024.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:17 pm

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