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The Latest Breaking News from Mullen Automotive Inc.

The 3 Best Auto Stocks to Invest in Right Now and the Worst

The auto industry has witnessed a solid sales recovery from the pandemic lows. Moreover, growing investment in clean technology is expected to drive the auto industry’s long-term growth. Hence, fundamentally strong auto stocks Volkswagen (VWAGY), Stellantis (STLA), and Honda Motor (HMC) might be solid investments. However, Mullen Automotive (MULN) might…

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5 Penny Stocks to Sell Before They Hit Zero

With the Fed’s meeting hot on the heels of an estimate-beating inflation figure, the market has braced itself for an aggressive interest rate hike. This spells trouble for beaten-down penny stocks whose underlying businesses look set to remain starved of funds required to keep them going. Thus, given their bleak…

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The Best-in-Class Auto Stock to Buy Right Now and 2 to Avoid

Lingering shortage of semiconductors and supply chain issues have hindered automobile production. However, lucrative Federal initiatives should boost the industry’s growth. While we think investors should consider buying quality auto stock Volkswagen (VWAGY), fundamentally weak stocks Faraday Future Intelligent Electric (FFIE) and Mullen Automotive (MULN) might be best avoided now.…

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The 5 Worst EV Stocks You Should Not Buy in 2022

Although EV demand is growing, the industry is riddled with charging infrastructure and semiconductor chip shortage issues. Therefore, we believe it could be wise to avoid fundamentally poor EV stocks Lucid Group (LCID), Nikola (NKLA), Canoo (GOEV), Workhorse Group (WKHS), and Mullen Automotive (MULN) this year. Let's discuss this in…

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MULN: Things Don't Look Pretty Under the Hood for This Stock

Automobile manufacturer Mullen (MULN) generates zero sales and has incurred massive losses since the inspection. The stock is currently trading nearly 95% below its 52-week high. Moreover, MULN is expected to face lingering issues, including increasing competition, strict government regulations, supply chain constraints, and high inflation. So, the company might…

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2 Penny Stocks to Avoid Right Now Even at a Discount

With the recent market pullback in the aftermath of Jerome Powell’s speech at Jackson Hole, investors may be tempted to go bottom fishing. However, a rising interest rate environment may not be welcome news for developmental and fund-thirsty businesses with negative cash flows. Thus, given a foreseeably bleak outlook, it…

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1 Auto Stock to Sell and 2 to Buy

Lingering supply chain issues have been hampering the optimal productivity of the auto industry. However, the industry is advancing rapidly with substantial investments in smart technologies. While it could be wise to avoid fundamentally weak auto stock Mullen Automotive (MULN), investors could consider buying quality stocks Volkswagen (VWAGY) and Honda…

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3 Top-Rated Automakers to Buy... And One to Avoid

Demand for automobiles remained steady despite soaring prices and supply chain bottlenecks. Moreover, given the robust growth prospects of the industry, it could be wise to consider buying shares of top-rated automakers Stellantis (STLA), HondaMotor (HMC), and Subaru (FUJHY). However, fundamentally weak Mullen Automotive (MULN) is best avoided now. Read…

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Mullen Automotive Reveals Significant Debt Reduction

Mullen Automotive Inc (NASDAQ:MULN) has removed $17.5 million in company debt. The company has also reduced its overall indebtedness from more than $30 million last year to an estimated $11 million currently. The debt was associated with a secured convertible promissory note executed on July 23, 2020, with DBI Lease Buyback Servicing LLC, an…

Benzinga

Why Mullen Automotive Shares Are Gaining Today

Mullen Automotive Inc (NASDAQ:MULN) has filed over 130 patents in 24 countries for Mullen FIVE EV Crossover program. The patent applications are related to the design and styling of the Mullen FIVE EV Crossover, covering its exterior and interior design. The patent applications include 19 U.S. design patent filings and 117 international design…

Benzinga

Introducing Mullen: The Entirely US-Based Electric Vehicle Manufacturer Rivaling Tesla

David Michery, CEO of Mullen Automotive Inc. (NASDAQ: MULN), was a guest speaker at Benzinga’s All Access on June 3rd, 2022.

Benzinga

Mid-Afternoon Market Update: Kirkland's Falls After Q1 Results; TherapeuticsMD Shares Climb

U.S. stocks traded mixed toward the end of trading, with the Dow Jones dropping 0.1% on Tuesday.

Benzinga

Mullen Automotive Skyrockets As Solid-State Polymer Battery Testing Exceeds Expectation

Mullen Automotive Inc (NASDAQ:MULN) has put forth the results of its solid-state polymer battery testing with the Battery Innovation Center (BIC) in Indiana. "The battery has performed exceptionally well, and I'm pleased with the results from BIC in Indiana," said David Michery, CEO and chairman. Testing results from BIC show the solid-state polymer…

Benzinga

Why Mullen Automotive Stock Is Trading Higher Today

Mullen Automotive, Inc. (NASDAQ: MULN) shares are trading higher after the company announced the results of its solid-state polymer battery testing with the Battery Innovation Center in Indiana.

Benzinga

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3 Electric Vehicle Stocks Down More Than 73% Year-to-Date

Increased demand for efficient and low-emission vehicles, along with government initiatives to speed up the shift of their nations’ vehicle fleets from gasoline-powered to electric vehicles, has fostered rapid growth in the sale of the electric vehicles of late. However, a few companies in this sector have not been able…

Benzinga

Why Mullen Automotive Shares Are Surging Today

Mullen Automotive Inc (NASDAQ:MULN) reported preliminary cash and equivalents of $65.2 million as of Q2-end, primarily due to $43.9 million from the issuance of Series C Preferred Stock and associated warrants. Additionally, the company received $29.6 million in net proceeds under the $30 million Esousa Equity Line, dated September 1, 2021. Total assets…

Benzinga

What's Going On With Mullen Automotive Stock Today?

Mullen Automotive Inc (NASDAQ: MULN) shares are trading lower Monday. The stock initially surged higher before pulling back significantly and turning negative for the session.

Benzinga

Looking Into Mullen Automotive Inc. - Common Stock's Recent Short Interest

Mullen Automotive Inc. - Common Stock's (NASDAQ:MULN) short percent of float has fallen 29.46% since its last report. The company recently reported that it has 666.40 thousand shares sold short, which is 4.19% of all regular shares that are available for trading.

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