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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, an emerging EV manufacturer, announces an investor financing moratorium for 2023 and sufficient capital for the next 12 months. Stock price has declined over 95% since March 31, 2023. Company has $135M cash on hand and $7.3M outstanding debt. Two completed acquisitions added $253M in valuable assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
25%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-30.43%
Tags
AI
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Rhea-AI Summary
Mullen Automotive, an emerging EV manufacturer, provides a business update to shareholders. The stock has declined 90% since March 31, 2023, trading at $0.32 per share. The company's current cash position is $135M or $0.38 per share. Management believes they can meet objectives for commercial vehicle production and sales. The company has completed two acquisitions, adding valuable assets to the balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.04%
Tags
none
News
Rhea-AI Summary
Mullen Automotive, an emerging EV manufacturer, provides a business update to shareholders. The stock has declined 90% since March 31, 2023, and currently trades at a discount to its cash position of $135M. The company aims to meet its objectives for producing and selling Class 3 commercial vehicles by Sept. 30, 2023. Mullen has acquired Bollinger Motors and Electric Last Mile Solutions, adding valuable assets to its balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.04%
Tags
none
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Rhea-AI Summary
Mullen Automotive announces collaboration with Phenix Truck Bodies & Van Equipment to develop a light-weight truck body for its Class 3 EV, offering an EV alternative to ICE vehicles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.3%
Tags
none
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Rhea-AI Summary
Mullen Automotive, an emerging EV manufacturer, successfully participated in the Government Fleet Expo and Conference, showcasing its commercial electric vehicles. The company aims to engage with fleet customers and provide them with the opportunity to test drive their products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.75%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.21%
Tags
partnership
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.25%
Tags
none
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Rhea-AI Summary
Mullen Automotive, Inc. announces that vehicle production will begin in July 2023 at its Manufacturing Center in Tunica, Mississippi. The company has partnered with NRTC Automation for assembly line installation and integration. Mullen has received $279 million in purchase orders for Class 1 and Class 3 EV Vans and Trucks from Randy Marion Automotive Group. The Tunica facility has hired an additional 35 plant staff to support production start.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.82%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.4%
Tags
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.