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

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 shares are trading lower despite the company meeting all federal and state regulatory requirements for Class 1 and Class 3 commercial vehicles and actively manufacturing and selling these vehicles across the US.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:11 pm

Mullen Automotive has announced that it has met all federal and state regulatory requirements for its Class 1 and Class 3 commercial vehicles. The company is actively manufacturing and selling these vehicles across the US. Mullen's total assets are expected to be approximately $191.4 million as of June 30.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:03 pm

Shares of auto-related companies are trading lower due to overall market weakness and concerns about a US economic slowdown, which could impact demand.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:06 pm

Mullen Automotive (NASDAQ:MULN) shares are trading lower on Friday after the company introduced a new lease program for its Mullen ONE EV cargo van. The BizEV program targets well-qualified individuals, small businesses, and fleets, offering a 3-year lease option starting at $475 per month. Despite the new program, MULN shares are down 5.94% to $0.95.

Portfolio Pulse from Nabaparna Bhattacharya

August 02, 2024 | 4:36 pm

Mullen Automotive has introduced a new lease program for its Mullen ONE Class 1 EV Cargo Van. The 3-year lease option starts at $475 per month plus taxes and fees and includes scheduled vehicle maintenance. The program is available through Mullen authorized dealers.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:18 pm

Mullen Automotive announced the sale of four Mullen CAMPUS EV cargo vans to DB Schenker for use on Intel's technology campus in Chandler, Arizona. Randy Marion Automotive has received full payment and delivered the vehicles.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:18 pm

Mullen Automotive (NASDAQ:MULN) shares are trading lower by 7.30% to $1.27 on Wednesday. The company announced that GAMA, its European distribution partner, has placed an order for 29 units of the Mullen GO, valued at $304,000, for delivery in August 2024. GAMA will distribute Mullen's commercial EVs in the Balkans region.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2024 | 4:27 pm

Mullen Automotive has announced a $304,000 order from international distributor GAMA for 29 Mullen GOs, which are commercial micro urban delivery vehicles. The shipment is planned for early August 2024.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:35 pm

Mullen Automotive's subsidiary, Bollinger Motors, has announced comprehensive warranty coverage for its new B4 Chassis Cab EV truck. The warranty includes bumper-to-bumper, powertrain, high-voltage battery, air conditioning, frame rails, cross-members, corrosion, and tires, making it one of the strongest in the commercial market.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:16 pm

Mullen Automotive has reported a purchase of its Class 3 EV truck by the City of Dublin, Ohio. The company is also in negotiations with multiple government agencies for additional orders. Mullen's EVs qualify for significant incentives in Massachusetts and California.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:03 pm

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