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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
The Mullen THREE, Class 3 EV Truck Now CARB Certified and Ready for Sale in All CARB States and District of Columbia
Rhea-AI Summary
Mullen Automotive, Inc. (NASDAQ: MULN) announces the achievement of a key commercial EV milestone with its all-electric Class 3 low cab forward chassis truck, receiving certification from the California Air Resources Board (CARB). The certification opens the Mullen ONE and THREE eligibility for state EV incentive programs, including California's HVIP project, offering a rebate of up to $45,000.00. This achievement is significant as CARB's recent ACF regulation mandates 50% zero-emission vehicle purchases by 2024 and 100% by 2027. CARB certification also makes the Mullen THREE EV truck more appealing to customers who want to electrify their fleets, with a net effective cost of less than $20,000.00 after incentives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.62%
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none
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News
Mullen Automotive Regains Compliance with Nasdaq Minimum Bid Price Requirement
Rhea-AI Summary
Mullen Automotive Inc. (NASDAQ: MULN) has regained compliance with the minimum bid price requirement of The Nasdaq Stock Market LLC, ensuring its continued listing and trading on The Nasdaq Capital Market. The company has until March 8, 2024, to demonstrate compliance with the annual shareholder meeting requirement, with the meeting scheduled for February 29, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.03%
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none
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News
Mullen Invoices and Delivers 130 Additional Class 1 EV Cargo Vans to Randy Marion Automotive Group for $4,372,550.00
Rhea-AI Summary
Mullen Automotive, Inc. announces the delivery and invoicing of 130 additional Class 1 EV cargo vans to Randy Marion Automotive Group, with a total invoiced amount of $7,736,150. The company has seen strong demand and interest in the Mullen ONE, a versatile EV cargo van designed for last-mile delivery.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.94%
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none
News
Mullen Announces Bollinger Motors Receives Vehicle Orders for 40 B4, Class 4 EV Trucks; Valued at Approximately $6 Million
Rhea-AI Summary
Mullen Automotive, Inc. (NASDAQ: MULN) announces collaboration with Bollinger Motors for the production of 40 B4 Class 4 EV trucks, valued at approximately $6 million. The B4 chassis cab is expected to start production in mid-2024 and is eligible for a federal purchasing incentive of 30% of the vehicle cost, up to $40,000. The B4 is designed to be custom-configured by fleets and is all-electric, with a range of 110-200 miles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.92%
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none
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News
Mullen Automotive Provides 2023 Financial Results and Current Business Update
Rhea-AI Summary
Mullen Automotive Inc. achieved significant milestones with the receipt of first vehicle orders, commencement of Class 1 and 3 vehicle production, customer deliveries, and recorded revenue. The company also received federal EPA and NHTSA certification for its vehicles, and IRS approval for tax credits. In fiscal year 2023, the company recorded first revenues of $366,000 and delivered vehicles worth $652,200 to Randy Marion Automotive for resale. Mullen has delivered 100 Class 1 vehicles and invoiced for $3.3 million, and 141 Class 3 vehicles invoiced for $9.2 million to Randy Marion Automotive Group as of Dec. 31, 2023. The company also opened a battery module and pack development facility in California, reducing reliance on foreign battery components.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.01%
Tags
earnings
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News
Mullen, Phenix Truck & Van and Knapheide Announce Completion of a New Class 3 Light-Weight EV Service Body; Purpose Built for Municipalities and Public Utilities Applications
Rhea-AI Summary
Mullen Automotive, Inc. (NASDAQ: MULN) announces the completion of a light-weight service truck body for the All-Electric Mullen THREE, developed in collaboration with Phenix Truck Bodies & Van Equipment and Knapheide Manufacturing. The Mullen THREE Class 3 vehicle upfit is available for evaluation and pilot programs, targeting commercial fleet customers. The vehicle offers a range of 125 miles, Level 3 DC charge time of 1.5 hrs, and a best-in-class turning diameter of 38 ft. The partnership with Phenix and Knapheide opens an important segment for Mullen in public utilities and local municipalities, especially in California.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.31%
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none
News
Mullen Submits ATVM Loan Opportunity to the Department of Energy (‘DOE’) for Domestic Battery Materials Processing
Rhea-AI Summary
Mullen Automotive, Inc. (NASDAQ: MULN) announces submission of $50 million ATVM loan application to support domestic battery manufacturing, aiming to produce 150,000 battery packs through 2032.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.84%
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News
Mullen Submits Grant Funding Opportunity to DOE for Domestic Battery Materials Processing
Rhea-AI Summary
Mullen Automotive, Inc. (NASDAQ: MULN) plans to produce an estimated 150,000 battery packs through the 2032 Program, aiming to provide $3.5 billion to strengthen US battery material manufacturing. The company's subsidiary, Mullen Advanced Energy, LLC, submitted a Concept Paper in response to the U.S. Department of Energy Funding Opportunity for Battery Materials. The program, established via the current administration, seeks to boost domestic production of advanced batteries and battery materials nationwide. Mullen's Concept Paper details the plan to produce 150,000 battery packs domestically through 2032, reducing current battery costs by over 20% and seeking a $50 million DOE grant to support capital investment for plant equipment and tooling. The company's new high-energy facility in Fullerton, California, is dedicated to producing next-generation American-made EV battery packs, with the formal submission for the DOE funding opportunity expected on or before March 19, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.69%
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none
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News
Mullen Announces 2023 Class 1 and Class 3 Invoice Totals of $12,559,520
Rhea-AI Summary
Mullen Automotive, Inc. (NASDAQ: MULN) delivered 100 Class 1 and 141 Class 3 vehicles to Randy Marion Automotive Group through Dec. 31, 2023, with an additional 185 Class 1 vehicles scheduled for delivery through Jan. 8, 2024. These vehicles are part of a purchase order totaling $263,000,000. The majority of the vehicles are expected to be delivered throughout 2024. The total invoiced amount for the 2023 deliveries was $12,559,520. David Michery, CEO and chairman of Mullen Automotive, expressed confidence in the company's production and delivery scaling for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
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none
News
For Calendar Year 2023, Mullen Hits Class 3 Delivery Target with 141 Class 3’s Delivered to RMA; Total Invoiced Amount of $9,196,021
Rhea-AI Summary
Mullen Automotive, Inc. (NASDAQ: MULN) achieved its 2023 Class 3 delivery target with 154 units built and 141 delivered to Randy Marion Automotive Group for a total invoiced amount of $9,196,021. The remaining 13 vehicles are being utilized for engineering and marketing purposes. Mullen THREE is a Class 3 low cab forward EV truck with a 125-mile range, built for urban last-mile delivery and various vocational needs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.56%
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none
Stock MULN logo
Mullen Automotive Inc

Nasdaq:MULN

MULN Rankings

#5143 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
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.