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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 delivers the first ten Class 3 EV Cab Chassis Trucks to Randy Marion Automotive Group, part of a $63M purchase order. Additional 150 units planned for delivery in 2023, with the rest in 2024. Achieved key milestones including federal EPA certification and IRS approval for tax credits.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.33%
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none
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Rhea-AI Summary
Mullen continues achieving business objectives despite challenges. Recent highlights include receiving EPA certification for Class 3 EV commercial vehicles, engaging Donohoe Advisory to regain compliance with Nasdaq bid price requirement, and filing a complaint against Defendants for market manipulation. Mullen has also secured significant purchase orders and received IRS approval for federal EV tax credits. They acquired battery pack production assets from Romeo Power and started Class 3 vehicle production. Mullen has initiated a $25 million stock buyback program and launched their in-house fleet telematics solution. The company remains optimistic about achieving business objectives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.69%
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none
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Rhea-AI Summary
Mullen Automotive Inc. achieves EPA certification for Class 3 EV Commercial Vehicles, allowing shipments to customers. Class 3 vehicle production began in August 2023, with the first vehicles rolling off the assembly line on Aug. 21, 2023. Mullen has received orders totaling $78.7 million for 1,250 Class 3 EV cab chassis trucks. Deliveries are set to begin this week.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.66%
Tags
none
Rhea-AI Summary
Mullen Automotive achieves EPA certification for Class 3 EV Commercial Vehicles
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.66%
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none
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Rhea-AI Summary
NYPA purchases Mullen's Campus Delivery Cargo Vans after successful EV pilot program
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.82%
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none
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Rhea-AI Summary
Mullen Automotive receives 'Qualified Manufacturer' designation, allowing for up to $7,500 federal tax credits per qualified vehicle. Vehicles with GVWR under 14,000 pounds eligible. GVWR over 14,000 pounds can qualify for $40,000 federal tax credits. Total cost of ownership advantage for Mullen's commercial offerings compared to traditional vehicles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
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none
Rhea-AI Summary
Mullen Automotive Inc. launches Commercial Pulse, an advanced telematics solution for fleet optimization, providing vehicle diagnostics and maintenance alerts. The system can detect potential maintenance issues before breakdowns, enhancing efficiencies. Commercial Pulse is currently available for the Mullen ONE and Mullen THREE electric vehicles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.76%
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none
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Rhea-AI Summary
Mullen Automotive announces new stops for the 2023 'Strikingly Different' EV U.S. tour, including New York City, Boston, Detroit, Denver, Salt Lake City, Sonoma, Phoenix, and Los Angeles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14%
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none
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Rhea-AI Summary
Mullen Automotive purchases battery pack production assets from Romeo Power for $3.5M, enhancing their capabilities for EV battery pack production.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.76%
Tags
acquisition
Rhea-AI Summary
Mullen Automotive requests hearing to appeal Nasdaq's determination of non-compliance with minimum bid price requirement
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.67%
Tags
none
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.