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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
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%
Tags
none
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News
Mullen Delivers 50 Additional Class 1 EV Cargo Vans to Randy Marion Automotive Group Invoiced at $1,681,750
Rhea-AI Summary
Mullen Automotive, Inc. (NASDAQ: MULN) announces the delivery of 50 additional Class 1 EV cargo vans to Randy Marion Automotive Group for $1,681,750, bringing the total invoiced amount to $3,363,500 for 100 vans. The company is on track to deliver a total of 285 Class 1 vehicles by Jan. 8, 2024. Mullen ONE production is based in Tunica, Mississippi, with the Mullen ONE being the first EV cargo van for sale in the U.S. market in the Class 1 commercial vehicle segment, designed for last-mile delivery.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.01%
Tags
none
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News
Mullen Delivers 50 Class 1 EV Cargo Vans and Invoices Randy Marion Automotive Group for $1,680,000
Rhea-AI Summary
Mullen Automotive, Inc. (NASDAQ: MULN) announces delivery of 50 all-electric Mullen ONE, Class 1 cargo vans to Randy Marion Automotive Group with plans to deliver a total of 285 vehicles within the next five business days. The company invoiced RMA for $1,680,000 and has invoiced over $6,054,300 for Class 1 vehicles. The Mullen ONE is anticipated to be the first EV cargo van for sale in the U.S. market in the Class 1 commercial vehicle segment, designed for last-mile delivery with best-in-class cargo volume, payload, and turning diameter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
28.36%
Tags
none
News
Mullen Completes Solid-State Polymer Cell to Pack Integration and Begins Class 1 Battery Pack Testing
Rhea-AI Summary
Mullen Automotive Inc. (MULN) announces the successful completion of solid-state polymer pack level test and validation for Class 1 EV cargo vans, with on-vehicle road testing set to begin in Q1 2024. The 110-mile current LFP range is projected to increase to over 190 SSP miles, representing a 73% increase and providing a superior, clean, and safe alternative to current lithium-ion batteries. The solid-state polymer cells allow for increased safety and efficiency without sacrificing payload, with the Mullen ONE featuring a 72-kilowatt solid-state polymer battery pack, 4,881 lbs. GVWR, 1,603 lbs. max payload, 157-cubic-feet cargo volume, and a 20-foot turning radius.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.36%
Tags
none
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News
Mullen Delivers 63 More Class 3 Vehicles to Randy Marion Automotive Group Valued at $3,969,000; To-Date, 121 Class 3s Delivered Valued at $7,623,000
Rhea-AI Summary
Mullen Automotive, Inc. (NASDAQ: MULN) announces the delivery of 63 additional Class 3 vehicles to Randy Marion Automotive Group, totaling $3,969,000 invoiced. The company is on track to deliver 150 vehicles by EOY 2023 as part of a 1,000 Class 3 purchase order from Randy Marion. The production facility in Tunica, Mississippi, plans to produce 150 vehicles in 2023, with a total capacity of 3,000 vehicles annually per shift.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.2%
Tags
none
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News
Mullen Achieves Production Milestone, Dec. 13, 2023, with 100th Mullen THREE EV Truck Rolling Off Tunica, Miss., Assembly Line
Rhea-AI Summary
Mullen Automotive, Inc (NASDAQ: MULN) achieves production milestone with 125 Mullen THREE's, Class 3 cab chassis EV trucks. CEO David Michery emphasizes the company's focus on commercial vehicle production and customer deliveries. The Tunica facility is aligned with current customer purchase orders and has a production capacity of 3,000 trucks annually per shift.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-30.95%
Tags
none
News
Mullen Delivers 38 Class 3 Vehicles to Randy Marion Automotive Group
Rhea-AI Summary
Mullen Automotive, Inc. (NASDAQ: MULN) announces the delivery of 38 additional Class 3 vehicles to Randy Marion Automotive Group, invoicing for $2.5 million. Randy Marion has committed to a total of 1,000 Class 3 vehicles for $63 million, with most deliveries expected in 2024. Class 3 production at the Tunica, Mississippi, facility is planned for 150 vehicles in 2023, with a total capacity of 3,000 vehicles annually per shift.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
78.13%
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none
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News
Mullen Class 1 EV Cargo Van Now Certified for Sale in all 15 CARB States and District of Columbia by California Air Resources Board
Rhea-AI Summary
Mullen Automotive, Inc. (NASDAQ: MULN) has achieved a significant milestone in the electric vehicle market with the certification of its all-electric Class 1 cargo van, the Mullen ONE, by the California Air Resources Board (CARB) as a zero-emission vehicle. This certification, along with the previous certificate of conformity from the Environmental Protection Agency (EPA), allows Mullen to sell the Mullen ONE in every state throughout the U.S. and makes it eligible for critical state EV incentive programs. The CARB certification is particularly important given CARB's recent Advanced Clean Truck regulation, which mandates that all local delivery and government fleets must be zero emissions by 2036. This achievement positions Mullen to capitalize on the growing demand for electric vehicles in the U.S.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.7%
Tags
none
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News
Mullen CEO Addresses Letter to Shareholders
Rhea-AI Summary
Mullen Automotive, Inc. (NASDAQ: MULN) recently announced a reverse stock split to regain compliance with Nasdaq's minimum bid price requirement. The CEO, David Michery, explained the decision in an open letter to shareholders, citing the need to raise capital and protect shareholder interests.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8136.36%
Tags
none
News
Mullen Automotive Inc. Announces 1-for-100 Reverse Stock Split Effective December 21, 2023
Rhea-AI Summary
Mullen Automotive Inc. (NASDAQ: MULN) announced a 1-for-100 reverse stock split of its common stock to maintain its listing on Nasdaq. The split will be effective on December 21, 2023, and aims to comply with the $1.00 minimum bid price requirement. The company's board of directors approved the reverse split, with the new CUSIP number for the common stock following the split being 62526P 406.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8136.36%
Tags
none
Stock MULN logo
Mullen Automotive Inc

Nasdaq:MULN

MULN Rankings

#5190 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
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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.