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From action-adventure classics such as “Star Wars” to contemporary blockbusters such as “Top Gun: Maverick,” patience represents an underlying theme. Shoot the missile or a burst of gunfire too early or too late and the desired payoff never materializes. Instead, the hero of the story must exercise restraint until the pivotal moment meets the opportunity. And so it is with Mullen Automotive (MULN).
A speculative enterprise by practically every measure, the upstart electric vehicle manufacturer appears an investment that all but the most dedicated speculator should steer well clear of. For example, on a year-to-date basis, MULN stock stumbled 99.8%. Based on historical data combined with the adjustment necessary for the company’s dilutive actions, the security has effectively lost 100% of its value from a rounded-up perspective.
