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Mullen Automotive Inc - MULN STOCK NEWS

Welcome to our dedicated news page for Mullen Automotive (Ticker: MULN), a resource for investors and traders seeking the latest updates and insights on Mullen Automotive.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Mullen Automotive's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Mullen Automotive's position in the market.

Rhea-AI Summary
Mullen Automotive, Inc. (NASDAQ: MULN) announces CARB approval for their 2025 Class 3 electric truck, following previous approval for the 2024 model. The certification opens doors to state EV incentive programs, aligning with new regulations mandating zero-emission vehicle purchases for government fleets by 2027. The company aims to capitalize on strong incentives for commercial fleet electrification.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.92%
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none
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Rhea-AI Summary
Mullen Automotive, Inc. completes phase one of its high energy facility in Fullerton, California, dedicated to producing American-made EV battery packs. The facility can produce 1 GWh per year, showcasing the company's commitment to zero emissions and reducing reliance on imported battery components.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.92%
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none
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Rhea-AI Summary
Mullen Automotive Inc. achieves a significant manufacturing milestone by producing its 500th commercial vehicle at its Tunica, Mississippi facility. The company is actively engaged in 18 commercial vehicle pilots with various entities and plans to expand its U.S. retail network and European distribution. CEO David Michery highlights the growing international demand for their electric vehicles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.04%
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none
Rhea-AI Summary
Mullen Automotive, Inc. announces significant cost reduction measures to save $170 million in operating and investing cash flows over the next 12 months. The company aims to focus on commercial EV segment for revenue growth, targeting 100 unit sales in April.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.75%
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none
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Rhea-AI Summary
Mullen Automotive, Inc. (NASDAQ: MULN) has filed for Foreign Trade Zone (FTZ) status, expecting approval within 30 to 90 days. If approved, the benefits include cash flow improvement through tax reduction, fee reduction, and import duty deferment. Mullen estimates deferred working capital of $10 million for FY 2024, providing significant savings and competitive advantages for the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.85%
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none
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Rhea-AI Summary
Mullen Automotive, Inc. expands its sales team to support commercial vehicle sales initiatives, focusing on Last Mile Delivery, Regional Fleets, and Fleet Management Companies. Key sales hires bring valuable experience to drive growth in the EV van and truck program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.63%
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none
Rhea-AI Summary
Mullen Automotive, Inc. provides an update on the U.S. Customs and Border Protection application for Class 1 EV cargo vans. The company is working with the U.S. General Services Administration to finalize qualification to sell EVs to all branches of the U.S. government, supporting the government's transition to electric vehicles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.29%
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none
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News
Rhea-AI Summary
Mullen Automotive Inc. (MULN) receives confirmation from Nasdaq that it has regained compliance with listing requirements, ensuring continued listing on The Nasdaq Stock Market. The company is now in full compliance with all Nasdaq listing rules, including annual shareholder meeting and minimum bid price requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.61%
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none
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Rhea-AI Summary
Bollinger Motors, Inc. announces dealership groups for their commercial electric truck line, starting with the Bollinger B4 Chassis Cab in late 2024. The company aims to electrify fleets nationwide with strategic dealer partnerships and innovative design.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.65%
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none
Rhea-AI Summary
Mullen Automotive Inc. announces the addition of Nacarato Truck Centers and Nuss Truck and Equipment as new dealership groups for Bollinger Motors, expanding their commercial electric truck line across seven states and 11 locations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.65%
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none
Mullen Automotive Inc

Nasdaq:MULN

MULN Rankings

MULN Stock Data

24.67M
6.33M
1.71%
11.71%
21.3%
Software Publishers
Information
Link
US
North Miami Beach

About MULN

mullen technologies is a southern california based licensed electric vehicle manufacturer and international distributer which owns mullen auto sales, a fast-growing series of automobile dealerships. mullen also owns carhub, a new and unique digital platform that leverages ai and offers a complete, fun to use solution for buying, selling and owning a car.