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StockNews.com
StockNews.com
Business
Riddhima Chakraborty

Is There Any Hope Left for This EV Stock?

Mullen Automotive, Inc. (MULN) manufactures and distributes electric vehicles (EVs). It also operates CarHub, a digital platform that leverages AI to offer an interactive solution for buying, selling, and owning a car.

On September 21, 2022, MULN made a $92 million bid for automaker Electric Last Mile Solutions, which filed for bankruptcy in June 2022. Also, MULN completed its majority acquisition of Bollinger Motors, Inc this month.

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