Apr 28, 2023 8:30 AM, UC Asset Rated "Buy" by Independent Analyst with Target Price at $4.00 per Share MULN Stock Alert: Why Mullen Automotive Is Headed for Disaster Si no quieres que nosotros ni nuestros socios utilicemos cookies y datos personales para estos propsitos adicionales, haz clic en Rechazar todo. Mullen Automotive (NASDAQ: MULN) is one of those small EV companies that struggle to get the attention it deserves. Previous testing indicates that Energy Management Module (EMM”) technology substantially increases the driving range and efficiency of any current EV battery. 8th, 2023 - Mullen Campus Delivery Utility EVs Moved to the Finished Goods Lot - Ready for Customer Delivery, Mishawaka, IN - Mullen FIVE and Bollinger, Tunica, Mississippi - Advanced Manufacturing, Mullen executive team at Tunica, MS. facility in 2021, Located 100 miles East of Chicago and 200 miles West of Detroit, 120,000 sq. We also use them to share usage information with our partners. BREA, Calif., Sept. 09, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer,. Los Angeles, California Consequently, I strongly recommend that all investors sell MULN stock. Thinking about buying stock in Snap, Mullen Automotive, Apple, AT&T, or Mullen Automotive Responds to Shareholders Regarding Majority Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, today announces test results of its recently acquired joint venture. When typing in this field, a list of search results will appear and be automatically updated as you type. Explore. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric vehicles (EVs”) that will be manufactured in two Company owned United States-based assembly plants. Eventually, one of these groups will give in, capitulate, and when they do, the action will be vigorous, to say the least. You must be logged in to give a plus1 award. See. Shaping the Road Ahead in Electric Automobiles | Mullen Mullen Advanced Energy Operations plans on licensing this technology to anyone who uses an electric vehicle.. To show how little cash that is for an EV startup, consider Rivian (NASDAQ:RIVN). Mullen Advanced Energy Operations is a 51%-owned subsidiary of Mullen Automotive with EV Technologies, LLC and Global EV Technology, Inc. as partners. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on and Mullen Automotive wasn't on the list. Apr 26, 2023 1:24 PM, PTOP Renegotiates MOBICARD 2.0 Contract - MOBICARD 1.5 will Be Released First Oct 21, 2022, 11:00 ET. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. The staff is nice and they have a great selection of gear. 28 reviews of Board of Provo "Much better than Zumies which is your other choice for your board needs in the Provo area. Mullen Automotive ( MULN) is eliminating debt and working with a dealer to establish a market foothold in Europe. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. View the, First contract for EMM technology is Washington, D.C.’s city government, @ the Bell: TSX ends the month in the green, Mainz Biomed to Participate in Digestive Disease Week 2023. In March 2021, Element Materials Technology conducted specific vehicle testing on 2020 Chevy Bolts installed with EMM units with test results being a calculated increase in range from 269 to 431 miles, which is a 60% increase in efficiency. Before you consider Mullen Automotive, you'll want to hear this. Lateral appointees receive a $5,000 signing bonus ($2,000 payable at start of employment and $3,000 payable upon completion of the one-year probationary period). Examples of such risks and uncertainties include, but are not limited to: whether the Company will receive shareholder approval for the $275 million in additional funding and, if received, whether the proceeds will be used for EV Cargo Van Class 1-4 program, FIVE EV Crossover and FIVE RS high-performance vehicle program development; whether Mullen will be included in the Russell 2000 and 3000 Indexes or its stock added to the growth and value indexes; whether the post-pilot program anticipated purchase order for Company vehicles will materialize; whether Mullens solid-state polymer battery cell technology will be successful when scaled to the vehicle pack level and used in EVs; whether Mullens partnership with Linghang Guochuang Group will prove successful or yield the anticipated results; whether the Company will succeed with its endeavors in producing EV battery packaging to support the Mullen EV programs; whether the Strikingly Different test-drive tour event will take place within the time frame expected; or whether development of the Mullen FIVE RS will be implemented in time for the anticipated Mullen FIVE test-drive tour. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," and "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. Mullen has evolved over the past decade in sync with consumers and technology trends. On the date of publication, David Moadeldid not have (either directly or indirectly) any positions in the securities mentioned in this article. That event sparked a short squeeze in the stock marked by more than 6.5 billion share trades. Thats unjustifiable. Financial Market Data powered by QuoteMedia. 310.299.1717 Office Examples of such risks and uncertainties include but are not limited to: (i) the timing of the commencement of the installation and testing of the Energy Management Module (EMM”) units and whether the installation of the EMM units on the D.C. city government’s Chevrolet Bolt vehicle fleet will be successfully implemented; whether the contract awarded by the District of Columbia, Washington, D.C., to EV Technologies, LLC will be assigned to MAEO as contemplated by the agreement between Mullen and EV Technologies; whether the terms of the city government contract will be honored by the contracting parties; whether the pilot program with the District of Columbia, Washington, D.C., will be successful or result in additional orders or contracts; whether any other purchase orders or agreements for the EMM technology will materialize; whether the test results, which indicate that applying Energy Management Module (EMM”) technology to an electrical vehicle significantly increases vehicle range, are accurate; whether the results achieved from the initial testing by Element and Mullen are sustainable, scalable, or will produce the expected results when deployed in the city government’s fleet of Chevrolet Bolts, the Company’s or other vehicles; whether any expected vehicle range increases can be achieved at a low cost; whether the Company’s recently acquired joint venture technology will greatly improve current EV performance by increasing EV vehicle range or otherwise; whether the projected increase in range and mileage are accurate or achievable; whether the EMM product will be successfully completed or integrated into the city government’s fleet of Chevrolet Bolts or any other vehicles; and whether the EEM product and associated technology will prove beneficial; (ii) whether the commercial product launches contemplated for 2023 will materialize within the slated timelines; (iii) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (iv) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (v) Mullen’s ability to successfully expand in existing markets and enter new markets; (vi) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (vii) unanticipated operating costs, transaction costs and actual or contingent liabilities; (viii) the ability to attract and retain qualified employees and key personnel; (ix) adverse effects of increased competition on Mullen’s business; (x) changes in government licensing and regulation that may adversely affect Mullen’s business; (xi) the risk that changes in consumer behavior could adversely affect Mullen’s business; (xii) Mullen’s ability to protect its intellectual property; and (xiii) local, industry and general business and economic conditions. Mullen Featured on CarBuzz; The FIVE EV Crossover, Puedes cambiar tus opciones en cualquier momento haciendo clic en el enlace Panel de control de privacidad de nuestros sitios y aplicaciones. In comparison, the Russell 2000 (RTY) index has fallen 21.39% over the same period. The Mullen Automotive story is as long as any in the EV market but really begins in early 2022 following the completion of its reverse merger and IPO raising money for operations. Mullen Automotive Announces Elimination of Approximately $13 Million in Debt, with Less than $10 Million of Debt Remaining November 2 2022 READ MORE Mullen Unveils Details on the Mullen FIVE RS High-Performance EV Sport Crossover September 15 2022 READ MORE Mullen Automotive Responds to Shareholders Regarding Majority Acquisition of Bollinger . Mullen Automotive Unit beginnt mit der Ausfhrung eines Auftrags, der Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. National Strikingly Different test drive tour event has been announced for fall 2022, and Mullen will visit over 15 cities across the U.S. Development of the Mullen FIVE RS, a high-performance version of the Mullen FIVE EV Crossover, has commenced and will be joining the Mullen FIVE test-drive tour in early 2023. UCASU Ideally, the vehicles can spend less time charging and more time in the local communities for civic use and support.” Mullen Advanced Energy Operations is a 51%-owned subsidiary of Mullen Automotive with EV Technologies, LLC and Global EV Technology, Inc. as partners. In exchange, the investors agreed to pay the automaker a relatively small sum of $90 million. Careers. Apr 27, 2023 7:34 AM, ILUS Confirms New First Phase Deal for ILUS EV Technologies in Serbia Based on the string of news events that include the companys plans to begin delivering I-Gos in Europe and its own vans here in the states as soon as this quarter, and the short interest data, the odds highly favor a short squeeze and all it will take to start it is a single catalyst. Mullen Automotive Slashes Debt By 66%, Receives Accolades For its EV However, after the transactions, the CEO still owns nearly 114 million shares of MULN stock. Write a Review. Apple buying Mullen? Anyone know where the rumor originates - Reddit Because their car is nothing special, and stop referencing that dragonfly car, it's Chinese and that deal is no longer a thing. Mullen Automotive Inc (MULN) Stock Price & News - Google Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Yeah, that's right, Linux is free. Previously, the Mishawaka plant produced General Motors Hummer H2 and the Mercedes-Benz R-Class vehicle, and is a perfect fit for the production of the Mullen FIVE SUV and the Bollinger B1 and B2 platforms. InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. MULN Stock: 15 Things for EV Investors to Know About Newly Public To that end, the automaker has agreed to appoint an Ireland-based dealership group, Newgate Motor Group, to market and provide other support for the Mullen I-GO in Ireland and the U.K. Is A Short-Squeeze In Mullen Automotive About To Begin? The first bounce occurred in late summer, and then support was retested again in late fall 2022. Mullen Automotive and Bollinger Motors, Inc. to Discuss Acquisition on He also serves as the chief analyst and market researcher for Portfolio Wealth Global and hosts the popular financial YouTube channel Looking at the Markets. Mullen and EV Technologies’ team of engineers are onsite in DC today to commence installing the EMM units onto the Chevrolet Bolts and to perform the required tests included in the pilot. 9+ Years: $34.91 per hour. An email was sent with password retrieval instructions. It is easy to see on the weekly chart; it put a bottom in the market as well, a bottom that was hit later in the year and is so far confirmed. This has led to Mullens capital raise, via promissory notes that carry an exorbitant interest rate. If you change your Facebook permissions to restrict Stockhouse from receiving your email while joining or signing in to Stockhouse then it will fail. Consumer Discretionary, Automotive, Electric Vehicles. 86% of retail CFD accounts lose money, Buy This $5 Stock BEFORE This Apple Project Goes Live, The Best $1 Investment You Can Make Today, Wall Street Titan: Heres My #1 Stock for 2023. MULN stock looks oversold as Mullen jumps headfirst into last-mile delivery vehicles. The bears are increasingly convinced that this company can not execute its promises, while the bulls are more convinced by the day. The Companys stock will also be automatically added to the appropriate growth and value indexes.
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