Results for: Mullen Automotive

Mullen Automotive’s stock (MULN) is experiencing a decline despite recent positive developments, including a partnership with National Auto Fleet Group for government agency sales of its Bollinger B4 trucks and the availability of its Mullen ONE cargo van on the Turo platform. The company has also successfully delivered its first West Coast batch of Bollinger B4 trucks and its first customer delivery of the B4 Chassis Cab, contributing to revenue generation. Despite these positive strides, MULN shares are down by 9.28% on Friday.

Mullen Automotive’s stock (MULN) is experiencing a rise today following the announcement of Bollinger Motors’ first West Coast customer deliveries. This signifies a significant milestone for Bollinger and Mullen, indicating a growing demand for electric commercial vehicles. The move also highlights the potential for significant revenue generation for Mullen in the coming quarter.

Mullen Automotive’s (MULN) stock took a hit on Monday after the company announced that Bollinger Motors founder Robert Bollinger provided $10 million in non-dilutive debt financing to support Bollinger Motors’ production ramp-up and sales of the B4 Class 4 electric vehicle truck. The news comes amidst other developments, including the launch of Mullen Credit Corporation, a revenue target of $75 million, and a 20% headcount reduction.

Mullen Automotive’s stock price fell despite the successful delivery of five Bollinger B4 Chassis Cabs, generating $800,000 in revenue. The company expects to report a significant increase in revenue for the quarter ending September 30, 2024.

Mullen Automotive’s stock took a hit despite its subsidiary, Bollinger Motors, achieving a significant milestone: the production of its first customer-ready B4 electric truck. The B4, a Class 4 all-electric truck, is expected to be a major player in the commercial fleet market.

Mullen Automotive is making strides in its global expansion with its partnership with Volt Mobility, focusing on the UAE market. The company is preparing for the delivery of its first electric cargo vans and trucks in September 2024 and has announced plans for a larger order in 2025. Mullen’s subsidiary, Bollinger Motors, is also preparing for the launch of its B4 Chassis Cab electric truck, with production starting this week and deliveries beginning in October 2024.

Mullen Automotive’s stock took a significant dip on Tuesday, despite the company announcing a new partnership with Papé Kenworth to expand its commercial EV dealer network. The decline follows a 1-for-100 reverse stock split, which began trading on Tuesday.

Mullen Automotive’s stock price is taking a hit today after the company announced a 1-for-100 reverse stock split, aimed at boosting its share price to meet Nasdaq listing requirements. However, the move has raised concerns among investors.

Mullen Automotive’s stock (MULN) continues its downward trend, despite a new partnership between its subsidiary, Bollinger Motors, and Texas Consulting & Development (TCD). This partnership will see Bollinger B4 Class 4 trucks used in TCD’s bundled service for ports and related industries, aiming to boost Bollinger’s market penetration and clean energy solutions.

Mullen Automotive’s stock price climbed significantly on Wednesday after the company announced the delivery of the first batch of vehicles under a major $210 million contract with UAE-based Volt Mobility. This deal marks a significant milestone for Mullen, with revenue recognition starting in the first fiscal quarter of 2024.