With a $198.71 million market cap, Mullen Automotive, Inc. (MULN) is an electric vehicle (EV) manufacturer and distributor. The company owns and runs businesses such as CarHub, which uses AI to give a user-friendly way to buy, sell, and own a car, and Mullen Energy, which sells battery technology and emergency point-of-care solutions.
While MULN is yet to report any revenue, its efforts to keep itself capitalized have seen its weighted average shares outstanding jump from 17.47 million as of December 31, 2021, to 1.36 billion as of December 31, 2022.
