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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.

News
Mullen Emphasizes Focus on Commercial Vehicle Segment with First Mover Advantage Across Class 1 and 3 Electric Cargo Vans and Trucks
Rhea-AI Summary
Mullen Automotive Inc. highlights its focus on commercial electric vehicles, achieving positive gross margin per vehicles invoiced. The company emphasizes the production and deliveries of Class 1 and Class 3 vehicles, while Bollinger Motors gears up for Class 4 production starting in the second half of 2024. Mullen's strategic acquisitions have enabled faster scaling and production, with a strong emphasis on battery solutions and AI-driven battery management systems.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.94%
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none
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News
Mullen Automotive Provides Timeline Update on US Customs and Border Protection Ruling for Class 1 EV Cargo Vans
Rhea-AI Summary
Mullen Automotive Inc. provides an update on the U.S. Customs and Border Protection application for Class 1 EV cargo vans, with a final determination expected within one to two months. If approved, Mullen can sell these vans to all branches of the U.S. government.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.24%
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none
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News
BOLLINGER MOTORS NAMES LAFONTAINE AS FIRST COMMERCIAL DEALERSHIP
Rhea-AI Summary
Bollinger Motors, Inc., a leading electric commercial vehicle manufacturer, partners with LaFontaine Automotive Group as their first authorized dealer in Michigan. The collaboration aims to provide top-notch customer service and expand the commercial vehicle market. LaFontaine's acquisition adds to their retail portfolio, with plans for further growth in 2024. Bollinger's innovative B4 Chassis Cab, designed with fleet input, promises unmatched safety and performance, set for delivery in the second half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.29%
Tags
none
News
Mullen Announces Bollinger Motors First Commercial Dealership, LaFontaine Automotive Group
Rhea-AI Summary
Mullen Automotive, Inc. announces Bollinger Motors naming LaFontaine Automotive Group as its first authorized dealer for the Bollinger B4 Chassis Cab, an all-electric class 4 commercial truck. Production set to start in the second half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.29%
Tags
none
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News
CORRECTION – Mullen Reports Strongest Fiscal Quarter in Company’s History for Three Months Ended Dec. 31, 2023
Rhea-AI Summary
Mullen Automotive Inc. (NASDAQ: MULN) reports strong financial results for Q4 2023 with a focus on EV production and deliveries. The company reduced its net loss and achieved CARB certifications for its vehicles. Recent highlights include regaining Nasdaq compliance and significant milestones in EV development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.29%
Tags
earnings
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News
Mullen Reports Strongest Fiscal Quarter in Company’s History for Three Months Ended Dec. 31, 2023
Rhea-AI Summary
Mullen Automotive Inc. reports financial results with a focus on EV production and deliveries. The company reduced net loss significantly and achieved key certifications and milestones. Financially, the company shows improved performance and strategic growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.35%
Tags
earnings
News
BOLLINGER MOTORS RECEIVES IRS APPROVAL FOR $40,000 COMMERCIAL EV FEDERAL TAX CREDIT
Rhea-AI Summary
Bollinger Motors, Inc. has received IRS approval as a 'qualified manufacturer' for clean vehicle credits under the Inflation Reduction Act of 2022, enabling the Bollinger B4 chassis cab to qualify for a tax credit of up to $40,000 per vehicle. The company is poised for growth and aims to help electrify America's fleets. The B4, with a GVWR of 15,500 pounds, is expected to qualify for the full eligible tax credit. The company has also announced partnerships with Our Next Energy and Roush Industries, with deliveries of the B4 chassis cab expected to begin in the second half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.73%
Tags
none
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News
Mullen Announces Bollinger Motors Receives IRS Approval for $40,000 Commercial EV Tax Credit
Rhea-AI Summary
Mullen Automotive Inc. announces that Bollinger Motors has received IRS approval as a 'qualified manufacturer' for clean vehicle credits under the Inflation Reduction Act of 2022. This designation enables the Bollinger B4 chassis cab to qualify for a tax credit of up to $40,000 per vehicle, providing an important incentive for customers to replace gas and diesel trucks. The company also anticipates deliveries of the Bollinger B4 chassis cab to begin in the second half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.73%
Tags
none
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News
Mullen Is Making Great Strides in the Commercial EV Segment and Development of US-Made Battery Capabilities
Rhea-AI Summary
Mullen Automotive Inc. (MULN) is making significant progress in the commercial EV space, with a focus on reducing reliance on foreign-made battery components. The company's subsidiary, Mullen Advanced Energy, is installing a battery pack production line at a new high-energy facility in Fullerton, California. The CEO, David Michery, emphasized the commitment to increasing production capacity to meet growing demand and reducing battery costs by bringing production in-house.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.97%
Tags
none
News
Mullen Capitalizes on First-Mover Advantage in Class 1 EV Cargo Vans and Class 3 EV Trucks
Rhea-AI Summary
Mullen Automotive Inc. (NASDAQ: MULN) has invoiced $17,318,000.00 for its first-to-market Class 1 EV cargo vans and Class 3 EV trucks, with a positive gross margin on vehicles invoiced. The company continues to capitalize on its first-mover advantage in the U.S. market, with strong production and deliveries of its commercial EVs. CEO David Michery highlights the positive gross profit margin per vehicle, emphasizing the growth in the commercial and fleet segments. Mullen's Class 1 and Class 3 commercial vehicles have received EPA and CARB certifications, making them available for sale in every state throughout the U.S.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.56%
Tags
none
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Mullen Automotive Inc

Nasdaq:MULN

MULN Rankings

#5203 Ranked by Market Cap
#5533 Ranked by Stock Gains
N/A Ranked by Dividends

MULN Stock Data

24.67M
6.33M
1.71%
11.71%
21.3%
Software Publishers
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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.