Streetbeat News

MULN

Mullen Automotive, Inc.

https://mullenusa.com

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

1.73

Mkt cap

10M

Volume

1.3M

High

1.84

P/E Ratio

N/A

52-wk high

2400.00

Low

1.71

Div yield

N/A

52-wk low

1.71

Mullen Automotive, Inc. (NASDAQ:MULN) shares surged on high trading volume following their Q4 earnings report. The company reported a significant reduction in losses per share compared to the previous year and highlighted strong vehicle production and delivery numbers for the quarter. Mullen's strategic pivot to commercial EVs has been fruitful, with increased demand for its vehicles. Additionally, Bollinger Motors, part of Mullen, announced LaFontaine Automotive Group as its first authorized dealer.

Portfolio Pulse from Erica Kollmann

February 16, 2024 | 8:01 pm

Mullen Automotive, Inc. (NASDAQ: MULN), an emerging electric vehicle manufacturer, announced that Bollinger Motors has named LaFontaine Automotive Group as its first authorized dealer for the Bollinger B4 Chassis Cab, an all-electric commercial truck. The dealerships are located in Lansing and Farmington Hills, Michigan. Deliveries of the B4 chassis cab are expected to begin in the second half of 2024. This partnership expands LaFontaine's portfolio to 54 retail franchises across 39 locations.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:17 pm

Mullen Automotive reported its Q4 2023 earnings with an EPS of $(15.32) and total vehicles invoiced amounting to $17.298 million.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:19 pm

Mullen Automotive, Inc. (NASDAQ:MULN) shares rose after announcing its majority-owned Bollinger Motors received IRS approval as a 'qualified manufacturer' for clean vehicle credits under the Inflation Reduction Act of 2022. This makes the Bollinger B4 chassis cab eligible for up to $40,000 per vehicle in tax credits, aimed at commercial clean vehicles. The B4 is an all-electric Class 4 commercial truck, with deliveries expected to start in the second half of 2024.

Portfolio Pulse from Nabaparna Bhattacharya

February 06, 2024 | 5:02 pm

Mullen Automotive's majority-owned subsidiary, Bollinger Motors, has received approval from the IRS for a $40,000 commercial EV tax credit. This approval could significantly enhance the attractiveness of Bollinger's electric vehicles (EVs) for commercial buyers, potentially boosting sales and impacting Mullen Automotive's financial outlook positively.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 2:23 pm

Mullen Automotive has invoiced a total of $17,318,000.00 to date for its commercial vehicles, indicating a significant revenue stream from this segment of its business.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 2:14 pm

Mullen Automotive's stock is trading higher following the announcement that its all-electric Class 3 low cab forward chassis truck has received certification from the California Air Resources Board, indicating a positive development for the company in the electric vehicle (EV) market.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 8:06 pm

Mullen Automotive has announced that its Class 3 electric vehicle (EV) truck, the Mullen THREE, has received certification from the California Air Resources Board (CARB) and is now ready for sale in all CARB states and the District of Columbia.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 2:17 pm

Mullen Automotive has regained compliance with the Nasdaq minimum bid price requirement, according to a recent SEC filing. This means that Mullen's stock will continue to be listed and traded on the Nasdaq Capital Market without facing the risk of delisting due to bid price deficiencies.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 8:03 pm

Mullen Automotive, Inc. has delivered and invoiced 130 additional Class 1 EV cargo vans to Randy Marion Automotive Group for $4,372,550. This brings the total delivered to 230 vans out of the initial 1,000 vehicle order, totaling $7,736,150 in invoices. The Mullen ONE vans are designed for last-mile delivery with a 110-mile range and are produced in Tunica, Mississippi. The company anticipates a strong year for its commercial EV efforts.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:16 pm

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