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 Inc (NASDAQ:MULN) shares are volatile after its Bollinger Motors division secured an order for 80 all-electric Class 4 commercial trucks worth $13.2 million. The trucks will be delivered to Momentum Groups, a fleet management and EV charging solutions provider, in the second half of the year. Bollinger Motors also qualified for federal clean vehicle purchasing incentives under the Inflation Reduction Act.

Portfolio Pulse from Adam Eckert

June 13, 2024 | 3:23 pm

Mullen Automotive shares are trading higher after its Bollinger Motors division secured a $13.2 million order for 80 Bollinger B4 trucks.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 1:19 pm

Mullen Automotive's Bollinger Motors has secured a $13.2 million order for 80 Bollinger B4 trucks from Momentum Groups. These vehicles qualify for a $40,000 federal tax credit and will be used for fleet management and EV charging solutions.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 1:16 pm

Mullen Automotive (NASDAQ:MULN) announced that its 2024 Mullen THREE electric truck has been approved for a $15,000 state rebate in Massachusetts, in addition to a $7,500 federal tax credit. The company also added Eco Auto as a new franchise dealer in the Boston area, which has placed an initial order for Mullen's commercial EVs. Despite these positive developments, MULN shares are trading lower by 2.83% to $2.75.

Portfolio Pulse from Nabaparna Bhattacharya

June 11, 2024 | 3:59 pm

Mullen Automotive announced that the Massachusetts Executive Office of Energy and Environmental Affairs' Department of Energy Resources has approved the company's 2024 Mullen THREE for a state cash rebate voucher of up to $15,000.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:17 pm

Mullen Automotive (NASDAQ:MULN) has partnered with Eco Auto, a zero-emissions commercial vehicle dealership in Boston, to expand its commercial EV presence in New England. Eco Auto's initial order includes 10 Mullen ONE cargo vans and 3 Mullen THREE trucks. This partnership aims to lower barriers to sustainable transportation for municipalities and businesses. Despite recent positive developments, Mullen Automotive reported a significant net loss and its stock has plunged over 99% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

June 10, 2024 | 5:05 pm

Mullen Automotive has announced the addition of Eco Auto as a franchise dealer. The initial vehicle order includes 10 Mullen ONE's and 3 Mullen THREE's.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 1:01 pm

Mullen Automotive (NASDAQ:MULN) has secured a purchase order for 40 Mullen-GO urban delivery vehicles from Switzerland-based Antidoto SA, with a potential for 180 more units in 2025. This order is part of Mullen's European expansion strategy. Mullen's stock has lost over 99% in the last 12 months, and investors can gain exposure through ETFs like Carbon Collective Climate Solutions U.S. Equity ETF (NASDAQ:CCSO) and Vanguard Extended Market ETF (NYSE:VXF).

Portfolio Pulse from Anusuya Lahiri

May 29, 2024 | 4:30 pm

Mullen Automotive, Inc. (NASDAQ: MULN) has announced a new purchase order for 40 Mullen-GO urban delivery vehicles from Switzerland-based Antidoto SA, valued at approximately $440,000 USD. Additional orders are expected to follow.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:30 pm

Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading lower on Tuesday following the announcement of a zero-emissions version of their PowerUP mobile EV charging solution. The new version will be built on Mullen's all-electric Class 3 cab chassis truck, offering scalable and sustainable charging options.

Portfolio Pulse from Nabaparna Bhattacharya

May 28, 2024 | 3:53 pm

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