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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 new deliveries of the All-Electric Class 3, Mullen THREE, low cab forward chassis truck to Randy Marion Automotive Group in North Carolina. The Mullen THREE features a robust payload, 125-mile range, and is purpose-built for urban last mile delivery. The company continues to ship completed vehicles from its Tunica, Mississippi, commercial vehicle assembly plant to RMA customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
31.25%
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Rhea-AI Summary
Mullen Automotive Inc. (MULN) and Rapid Response Defense Systems file responses for final ruling and compliance by U.S. Customs and Border Protection for Mullen's Class 1 EV cargo van. Potential for vehicles to be sold within all branches of US Government. Mullen confirms vehicle and components have been substantially transformed to meet U.S. Federal Motor Vehicle Safety Standards and EPA regulations. Mullen's global sourcing for the Mullen ONE EV cargo van includes supply contracts with multiple Tier One and Tier Two OEM suppliers from South Korea, Germany, Romania, China, Canada, and the U.S. Mullen Automotive and RRDS to display the Mullen ONE EV cargo van at the upcoming Fed Fleet conference in Washington, D.C.
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Rhea-AI Summary
Mullen Automotive Inc. (NASDAQ: MULN) announces the delivery of initial Class 3 vehicles to customers including Adventure Coast Rentals, Godotek, and NRTC Automation Group. The Tunica assembly plant will ship the next 40 completed vehicles, pre-sold to RMA customers like Duke Energy, Merchants Fleet, and MGT Leasing. The company's dealer license in North Carolina enables the movement of vehicles to customers. Class 1 vehicle production has commenced, and both Class 1 and Class 3 production lines are operational at Mullen’s Tunica Commercial Vehicle Assembly Plant. The company aims to deliver 150 Class 3 and 300 Class 1 vehicles by the end of 2023.
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Mullen Automotive Inc. (NASDAQ: MULN) announces the addition of a new high-energy facility in Fullerton, California, dedicated to EV battery development and production. The facility will focus on producing next-generation American-made EV battery packs, including solid-state polymer battery packs for Class 1 EV cargo vans. The company plans to close its Monrovia facility by the end of 2023 and transfer existing battery testing and production equipment to the new Fullerton location. The solid-state polymer battery packs will result in a 73% increase in range, with Mullen's 190+ mile range set to be class-leading across all current available Class 1 commercial vehicles. The company's increased focus on American-made and packaged EV batteries is further accelerated by the Inflation Reduction Act, which includes significant incentives for EV manufacturers to produce 'American Made' EVs with domestically sourced battery materials and packaging.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5%
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Rhea-AI Summary
Mullen Automotive Inc. has received full approval from the EPA for its Mullen ONE electric Class 1 cargo van, allowing the company to begin shipments to its distributor, Randy Marion Automotive. The van is designed for urban delivery, with a starting price of $34,500 and an estimated range of 110 miles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.33%
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Rhea-AI Summary
Mullen Automotive, Inc. provides an update to shareholders, highlighting key milestones and achievements. Manufacturing of Class 1 cargo vans has started, with expected delivery of 300 vans in 2023 and 6,000 vans in 2024. The company has received permission to continue listing on Nasdaq, contingent on meeting specific conditions. Marianne McInerney has been appointed as Chief Strategy Officer. Mullen's Class 3 vehicles are now eligible for federal EV tax credits. The company has also filed a lawsuit against TD Ameritrade and others for stock manipulation.
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Rhea-AI Sentiment
End-of-Day
11.11%
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Mullen Automotive granted request to continue listing on Nasdaq Capital Market
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Rhea-AI Sentiment
End-of-Day
19.23%
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Mullen Automotive announces an update on the lawsuit filed against TD Ameritrade, Charles Schwab, and others for alleged stock manipulation. The parties have been directed by the court to file necessary documents by specific dates to expedite the ruling on the motion to dismiss.
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Rhea-AI Sentiment
End-of-Day
-12%
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Mullen Automotive Inc. announces filing of preliminary proxy statement for a special stockholders' meeting to authorize a reverse stock split.
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-20.59%
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Mullen Automotive appoints Marianne McInerney as Chief Strategy Officer
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Rhea-AI Sentiment
End-of-Day
-4.26%
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management
Mullen Automotive Inc

Nasdaq:MULN

MULN Rankings

MULN Stock Data

34.07M
6.33M
1.71%
11.71%
14.2%
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.