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

1.73

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) has received approval from the IRS for federal EV tax credits of up to $7,500 per qualified vehicle with gross vehicle weight ratings (GVWRs) of under 14,000 pounds. The Mullen ONE and Mullen THREE are now approved for these credits. Vehicles with GVWR of over 14,000 pounds can qualify for $40,000 federal EV tax credits. The designation was received on Sept. 14, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:01 pm

Mullen Automotive Inc. (NASDAQ:MULN) has launched Commercial Pulse, an advanced telematics AI system for vehicle diagnostics and fleet optimization. The system provides maintenance alerts, real-time vehicle location, driver safety, battery state of charge, and other metrics. It is available via two mobile applications on both iOS and Android platforms. Commercial Pulse is currently available for the Mullen ONE, all-electric Class 1 Cargo Van, and Mullen THREE, all-electric Class 3 Low Cab Forward.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 6:15 pm

Several stocks experienced significant price movements in Friday's mid-day session. Novonix Limited's shares rose by 27.4% after the company announced it achieved high-performance battery grade synthetic graphite production milestones. Iovance Biotherapeutics' shares jumped 20.8% after the FDA extended its BLA Priority Review for lifileucel. Faraday Future Intelligent Electric's shares gained 19.5% after announcing a new car delivery. On the other hand, Avalo Therapeutics' shares fell 31.6% after agreeing to divest AVTX-800 series. PTC Therapeutics' shares fell 31.6% after receiving a negative opinion on the conversion of the conditional marketing authorization to full marketing authorization of Translarna.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 4:40 pm

Several stocks have shown significant movement in pre-market trading. AgriFORCE Growing Systems Ltd. (AGRI), MSP Recovery, Inc. (LIFW), Nikola Corporation (NKLA), Nemaura Medical Inc. (NMRD), Mullen Automotive, Inc. (MULN), Datasea Inc. (DTSS), Semantix, Inc. (STIX), Iovance Biotherapeutics, Inc. (IOVA), Jeffs' Brands Ltd (JFBR), and Mitek Systems, Inc. (MITK) have all seen increases. Meanwhile, Axcella Health Inc. (AXLA), Volcon, Inc. (VLCN), ENDRA Life Sciences Inc. (NDRA), NuCana plc (NCNA), Avalo Therapeutics, Inc. (AVTX), Bruush Oral Care Inc. (BRSH), SeaStar Medical Holding Corporation (ICU), Altamira Therapeutics Ltd. (CYTO), OKYO Pharma Limited (OKYO), and Netcapital Inc. (NCPL) have all seen decreases.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 11:54 am

Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading higher despite no company-specific news. Last week, Mullen filed an appeal to the Nasdaq Listing Qualifications Department and requested an extension to regain compliance with Nasdaq minimum bid listing requirement. The company had failed to maintain a minimum bid price of $1.00. The stock is currently up 12.8% at 47 cents.

Portfolio Pulse from Erica Kollmann

September 11, 2023 | 3:17 pm

Mullen Technologies has acquired battery pack production assets from Romeo Power for approximately $3.5 million.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 3:03 pm

Mullen Automotive Inc. (NASDAQ:MULN), an electric vehicle manufacturer, has filed an appeal to the Nasdaq Listing Qualifications Panel to request a further extension of time and present its plan to regain compliance with Nasdaq Listing 5550(a)(2). The company failed to maintain a minimum bid price of $1.00, leading to non-compliance. The Panel has the discretion to grant the company up to an additional 180 days to regain compliance, but there is no guarantee of this.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 3:37 pm

Mullen Automotive Inc. (NASDAQ:MULN), an emerging electric vehicle manufacturer, has received a delisting determination from Nasdaq for failing to maintain a minimum bid price of $1.00. The company has requested a hearing before the Nasdaq Listing Qualifications Panel to seek an extension of time and present its plan to regain compliance.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 12:09 pm

During Tuesday's intraday session, several consumer discretionary stocks experienced significant movement. Gainers included EpicQuest Education Group (EEIQ), PARTS iD (ID), Yoshitsu Co (TKLF), Yoshiharu Global (YOSH), Allurion Technologies (ALUR), and Mullen Automotive (MULN). Losers included Aarons (AAN), America's Car-Mart (CRMT), Express (EXPR), Faraday Future (FFIE), NWTN (NWTN), and Yunhong CTI (CTIB).

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:31 pm

Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading higher after the company issued an update on its stock buyback program, with an additional repurchase of 2,000,000 shares. The company has repurchased a total of $5,610,600 in shares since announcing the buyback program on Aug. 17. The stock has attracted the attention of short-sellers with 10.06% of available shares currently being sold short.

Portfolio Pulse from Erica Kollmann

September 05, 2023 | 4:20 pm

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