The Latest Breaking News from MULN

With the Fed’s meeting hot on the heels of an estimate-beating inflation figure, the market has braced itself for an aggressive interest rate hike. This spells trouble for beaten-down penny stocks whose underlying businesses look set to remain starved of funds required to keep them going. Thus, given their bleak…

Lingering shortage of semiconductors and supply chain issues have hindered automobile production. However, lucrative Federal initiatives should boost the industry’s growth. While we think investors should consider buying quality auto stock Volkswagen (VWAGY), fundamentally weak stocks Faraday Future Intelligent Electric (FFIE) and Mullen Automotive (MULN) might be best avoided now.…

Although EV demand is growing, the industry is riddled with charging infrastructure and semiconductor chip shortage issues. Therefore, we believe it could be wise to avoid fundamentally poor EV stocks Lucid Group (LCID), Nikola (NKLA), Canoo (GOEV), Workhorse Group (WKHS), and Mullen Automotive (MULN) this year. Let's discuss this in…

Automobile manufacturer Mullen (MULN) generates zero sales and has incurred massive losses since the inspection. The stock is currently trading nearly 95% below its 52-week high. Moreover, MULN is expected to face lingering issues, including increasing competition, strict government regulations, supply chain constraints, and high inflation. So, the company might…

With the recent market pullback in the aftermath of Jerome Powell’s speech at Jackson Hole, investors may be tempted to go bottom fishing. However, a rising interest rate environment may not be welcome news for developmental and fund-thirsty businesses with negative cash flows. Thus, given a foreseeably bleak outlook, it…

Lingering supply chain issues have been hampering the optimal productivity of the auto industry. However, the industry is advancing rapidly with substantial investments in smart technologies. While it could be wise to avoid fundamentally weak auto stock Mullen Automotive (MULN), investors could consider buying quality stocks Volkswagen (VWAGY) and Honda…

Demand for automobiles remained steady despite soaring prices and supply chain bottlenecks. Moreover, given the robust growth prospects of the industry, it could be wise to consider buying shares of top-rated automakers Stellantis (STLA), HondaMotor (HMC), and Subaru (FUJHY). However, fundamentally weak Mullen Automotive (MULN) is best avoided now. Read…

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) has put forth the results of its solid-state polymer battery testing with the Battery Innovation Center (BIC) in Indiana. "The battery has performed exceptionally well, and I'm pleased with the results from BIC in Indiana," said David Michery, CEO and chairman. Testing results from BIC show the solid-state polymer…