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StockNews.com
StockNews.com
Business
Anushka Dutta

1 Auto Stock to Steer Clear of the Rest of 2022

Mullen Automotive, Inc. (MULN) distributes and sells electric vehicles (EVs). The company also operates CarHub, a digital platform that leverages artificial intelligence to offer an interactive solution for buying, selling, and owning a car.

MULN shareholders are expected to vote on a reverse stock-split decision soon in a range between 1-for-2 and 1-for-25. Nasdaq issued a deadline for MULN of March 6 to achieve a trading price of $1. However, the company will likely be eligible to file a 180-day extension.

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