Investors have been extremely bearish about Mullen Automotive, Inc. (MULN) due to its mounting losses, declining market share, and increasing cash burn. The stock is expected to plunge further as it faces various challenges, including high inflation, supply chain disruptions, stiff competition in the EV space, and stringent government regulations.
The stock has been on a downward trajectory since its debut in late 2021. Given its weak fundamentals and the challenging macro environment, MULN will likely remain a poor performer and is best avoided now. In this article, I have discussed several reasons why investing in this auto stock could be risky.
