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Nauman Khan

This 1 Hard-Hit EV Penny Stock Is Gunning for Tesla With Emphasis on US-Made Auto Parts. Should You Buy Shares Now?

Mullen Tesla Inc. United States Mullen Automotive Donald Trump

President Donald Trump imposed 25% tariffs on imported vehicles and parts, shaking up the entire electric vehicle industry. However, U.S.-based EV companies are said to be poised to benefit from these actions as they capitalize on a surge in domestic demand and reduce competition from imported models.

Meanwhile, Mullen Automotive (MULN) is setting its sights on Tesla (TSLA) and other rivals by leveraging U.S.-made auto parts. With the company’s claim that 100% of its commercial vehicle inventory is assembled domestically and a significant portion of its components are sourced from U.S. suppliers, Mullen is appealing to the surge in domestic demand.

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