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 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

Mullen Automotive (NASDAQ:MULN) shares are trading lower despite the approval of its all-electric Class 1 cargo van, the 2024 Mullen ONE, for a $3,500 cash voucher under Massachusetts' MOR-EV program. This approval, combined with a federal tax credit, significantly reduces the effective cost of the van. The news highlights Mullen's commitment to making its commercial EVs more affordable and accessible.

Portfolio Pulse from Nabaparna Bhattacharya

July 17, 2024 | 4:35 pm

Mullen Automotive's Class 1 EV Cargo Van has been approved for the MOR-EV program in Massachusetts, granting a $3,500 rebate. Combined with a $7,500 federal tax credit, the net cost of the van is reduced to approximately $23,500.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:18 pm

Mullen Automotive (NASDAQ:MULN) shares are trading lower after the company announced leadership changes at its unit, Bollinger Motors. Former GM executive James Taylor was named CEO, while Robert Bollinger will remain on the Board. Bollinger Motors plans to debut the Bollinger B4 Chassis Cab in late 2024 and has qualified for federal clean vehicle incentives.

Portfolio Pulse from Nabaparna Bhattacharya

July 16, 2024 | 5:02 pm

Bollinger Motors, an electric commercial vehicle manufacturer majority-owned by Mullen Automotive, has appointed former GM executive James Taylor as CEO. Bryan Chambers has been promoted to President and COO, and Siva Kumar to Chief Strategy Officer and SVP of Finance.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 1:32 pm

Mullen Automotive's subsidiary, Bollinger Motors, has secured an agreement to sell 70 all-electric Class 4 Bollinger B4 commercial EV trucks to Doering Fleet Management, valued at approximately $11.5 million. Despite an initial spike, Mullen's stock remains slightly lower on the session.

Portfolio Pulse from Erica Kollmann

July 15, 2024 | 5:07 pm

Mullen Automotive's subsidiary, Bollinger Motors, has secured a deal to sell 70 all-electric Class 4 Bollinger B4 commercial trucks to Doering Fleet Management. The order is valued at approximately $11.5 million, with deliveries starting in late 2024.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 1:16 pm

Mullen Automotive (NASDAQ: MULN) has announced its first sale of Mullen Commercial electric vehicles in Massachusetts through its new dealer partner, Eco Auto. The initial delivery will be made to a Massachusetts-based company specializing in custom home building, renovations, property management, and painting services.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 1:01 pm

Mullen Automotive's subsidiary, Bollinger Motors, has received EPA certification for its Class 4 EV commercial trucks, marking a significant milestone. The B4 chassis cab is expected to begin production in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 1:10 pm

Mullen Automotive has highlighted recent milestones and announced that it has committed capital in excess of $250 million.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:01 pm

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