The Latest Breaking News from Mullen

Mullen Automotive (MULN) shares have fallen 97.9% from their 52-week high amid the uncertain macroeconomic environment. While solid EV demand and favorable government incentives are significant tailwinds for the industry, the company is expected to struggle further amid high inflation, supply chain issues, rising raw material costs, and stiff competition.…

Powered by a 16.5-kWh battery pack enabling an NEDC range of 124 miles, the Mullen I-Go targets companies that focus on last mile deliveries.

The former ELMS plant in Indiana that once made Hummer H2 trucks will provide Mullen with the capability to produce up to 50,000 electric vehicles per year.

Bollinger is an electric vehicle startup that had been struggling in recent years, even with 50,000 pre-orders under its belt, and it had recently changed course.

Mullen Automotive Inc (NASDAQ:MULN) has removed $17.5 million in company debt. The company has also reduced its overall indebtedness from more than $30 million last year to an estimated $11 million currently. The debt was associated with a secured convertible promissory note executed on July 23, 2020, with DBI Lease Buyback Servicing LLC, an…

Mullen Automotive Inc (NASDAQ:MULN) has filed over 130 patents in 24 countries for Mullen FIVE EV Crossover program. The patent applications are related to the design and styling of the Mullen FIVE EV Crossover, covering its exterior and interior design. The patent applications include 19 U.S. design patent filings and 117 international design…

David Michery, CEO of Mullen Automotive Inc. (NASDAQ: MULN), was a guest speaker at Benzinga’s All Access on June 3rd, 2022.

Mullen Automotive, Inc. (NASDAQ: MULN) shares are trading higher after the company announced the results of its solid-state polymer battery testing with the Battery Innovation Center in Indiana.

Mullen Automotive Inc (NASDAQ:MULN) reported preliminary cash and equivalents of $65.2 million as of Q2-end, primarily due to $43.9 million from the issuance of Series C Preferred Stock and associated warrants. Additionally, the company received $29.6 million in net proceeds under the $30 million Esousa Equity Line, dated September 1, 2021. Total assets…

Electric vehicle stocks such as Mullen Automotive (MULN) and Lordstown Motors (RIDE) have underperformed the broader equity market by a wide margin in the last year. Let’s see if it’s a good idea to buy these two electric vehicle (EV) stocks on the dip.

Mullen Automotive Inc (NASDAQ: MULN) shares are trading lower Monday. The stock initially surged higher before pulling back significantly and turning negative for the session.