Mullen Automotive, Inc.’s (MULN) stock took a dip on Monday despite positive news from its subsidiary, Bollinger Motors. Bollinger Motors achieved a significant milestone on September 20, 2024, with the production of its first customer-ready B4 electric truck in Livonia, Michigan.
The B4, a Class 4 all-electric truck, is a testament to the partnership between Bollinger Motors and Roush Industries. Roush, with its extensive experience in production and e-mobility spanning over 50 years, has played a crucial role in bringing the B4 to life at its Livonia facility.
Bollinger Motors’ founder, Robert Bollinger, expressed his pride in the team’s accomplishment, highlighting the B4’s potential as a leading player in the commercial fleet market. Jim Taylor, CEO of Bollinger Motors, echoed this sentiment, emphasizing the commercial vehicle segment’s readiness for electrification and the B4’s ability to meet the diverse needs of companies nationwide.
This milestone marks a significant step for Bollinger Motors, which initially focused on launching high-end, all-electric pickup trucks and SUVs. However, recognizing the market wasn’t fully ready for these vehicles, the company pivoted in 2022 to develop the B4.
The B4, with its anticipated MSRP of $158,758, is set to make waves in the electric truck market. The company recently announced the 2025 Bollinger B4 Chassis Cab electric truck, further solidifying its commitment to this segment.
Despite the positive news, MULN shares closed down 8.5% at $6.11 on Monday. This decline highlights the volatility of the stock market and the complex factors influencing stock performance.
