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

3.43

Mkt cap

22M

Volume

4.4M

High

3.43

P/E Ratio

N/A

52-wk high

2100.00

Low

2.50

Div yield

N/A

52-wk low

1.60

Mullen Automotive's shares rose following the announcement of shipping initial commercial EVs under a $210 million contract with UAE's Volt Mobility.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 4:18 pm

Mullen Automotive has begun shipping electric vehicles under a $210 million contract with UAE-based Volt Mobility. The agreement involves the purchase of 3,000 EV cargo vans and trucks over 16 months, with revenue recognition starting in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:16 pm

The article highlights the intraday movements of several consumer discretionary stocks on Monday. Notable gainers include Singing Machine Co, Leslies, and Polestar Automotive, while significant losers include Sunlands Technology and LightInTheBox Holding.

Portfolio Pulse from Benzinga Insights

September 02, 2024 | 4:31 pm

Mullen Automotive's stock is trading lower after announcing that its subsidiary, Bollinger Motors, has partnered with TEC Equipment to expand its commercial EV dealer network in the Western US. Despite recent milestones, including vehicle sales and EPA certification, MULN shares fell by 7.39%.

Portfolio Pulse from Nabaparna Bhattacharya

August 29, 2024 | 5:57 pm

Mullen Automotive's subsidiary, Bollinger Motors, has expanded its commercial EV network by adding 20 TEC Equipment dealerships in the Western U.S., enhancing its sales and service presence along the I-5 corridor.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 1:16 pm

Mullen Automotive shares fell on Tuesday after a previous rise due to a $210 million purchase agreement with Volt Mobility for EV cargo vans and trucks. Despite the positive news, the stock is down over 70% in the past month.

Portfolio Pulse from Erica Kollmann

August 27, 2024 | 4:19 pm

Mullen Automotive's stock surged after securing a $200 million purchase agreement with UAE's Volt Mobility for 3,000 EV cargo vans and trucks. The deal is expected to generate $210 million in revenue over 16 months, with initial payments starting soon. Mullen's production facility in Mississippi will handle the order.

Portfolio Pulse from Lekha Gupta

August 26, 2024 | 3:45 pm

Mullen Automotive's stock is rising following a $210 million purchase agreement with UAE's Volt Mobility for 3,000 EV cargo vans and trucks.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 2:52 pm

Mullen Automotive has secured a $210 million purchase agreement with UAE's Volt Mobility for 3,000 electric cargo vans and trucks. The agreement includes an initial $3 million deposit, and shipping has already begun.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 1:34 pm

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

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