mullenautomotive
Mullen Automotive (MULN) stock price has imploded, costing long-term believers millions of dollars. It tumbled to a record low of $0.4875, giving it a market cap of just $12 million. At its peak, the company was valued at more than $450 million. Mullen’s market valuation is much lower than the $148 million it spent to acquire Bollinger Motors in 2022 and the $240 million it acquired Electric Last Mile Solutions (ELMS) in the same year. A $10,000 amount invested in Mullen Automotive at its peak has almost disappeared. Just this year, the stock has tumbled by over 96%, making it one of the worst...
Invezz
Mullen Automotive (NASDAQ: MULN) stock price continued its downtrend this year, making it one of the worst performers in the electric vehicle (EV) industry. MULN has tumbled by 83% this year as the S&P 500 and Nasdaq 100 indices have soared to their record highs. The company has also underperformed other American and Chinese EV companies like Rivian, Lucid, and Tesla. Short sellers are thrivingMullen Automotive’s collapse has hurt many investors who have hoped of a rebound. At the same time, it has benefited many short sellers since the company is one of the most shorted companies in Wall Stre...
Invezz
Mullen Automotive (NASDAQ: MULN) stock price has remained in a deep sell-off and is nearing its all-time low despite making some important announcements. It has crashed by over 82%, making it one of the worst-performing electric vehicle companies in Wall Street, bringing its market cap to over $43 million. Mullen Automotive’s progressMullen Automotive, a Tesla wannabe, has made a lot of progress in the past few months. On June 13th, the company said that it had received a $13.2 million sales order for its Bollinger Motors business. These orders came from Momentum Groups,a company that offers f...
Invezz
Key Points Mullen Automotive guided for production and ramping revenue to begin this quarter.The company’s cash position and undervalued stock led to a substantial share repurchase plan.Short-sellers remain active and a substantial short-squeeze could still be in play.5 stocks we like better than Mullen AutomotiveShares of Mullen Automotive Inc (NASDAQ:MULN) are up more than 150% in under 24 hours on a series of news that amounts to 1 thing: Mullen Automotive’s ability to continue as a going concern appears to be without question. The caveat is that short sellers remain committed to their side...
ValueWalk
Key Points Mullen Automotive remains compelling despite risks, dilution, and liquidity fears.A growing number of orders has the company approaching a critical mass.Production is expected to begin over the summer and transition the company from pre-revenue to revenue.5 stocks we like better than Mullen AutomotiveThe only thing that can be said with certainty about Mullen Automotive (NASDAQ:MULN) is that it comes with high risk. Dilution and liquidity fears aside, the deal with Lawrence Hardge is a wickedly unknown factor, yet the story still has compelling aspects. A growing number of orders, i...
ValueWalk
Key PointsMullen Automotive announced the successful completion of a test run at LAX with Menzies.The company is building momentum, which could result in a short squeeze.Short sellers and company sales are weighing on the market and may cap gains forcing a reverse split later in the year.5 stocks we like better than Mullen AutomotiveQ1 2023 hedge fund letters, conferences and more Find A Qualified Financial AdvisorFinding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor ha...
ValueWalk
Key Points Mullen Automotive Group delivers its first vans on time, barely.Short sellers are closing positions and have the stock up 30% in premarket action.The $1 threshold could be reached without a stock split if the market follows through on this move.5 stocks we like better than Mullen AutomotiveQ1 2023 hedge fund letters, conferences and more Find A Qualified Financial AdvisorFinding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and i...
ValueWalk
Mullen Automotive inks deal for IP and distribution rights for the DragonFLY.Rebranded the Mullen GT, it has a top speed over 200 MPH.Mullen Automotive has many irons in the fire but remains speculative as an investment.5 stocks we like better than Mullen AutomotiveMullen Automotive Inc (NASDAQ:MULN) is an early-phase EV start-up with no production, and no revenue, so is not much of an investment. Buying the company is speculation, at times compelling speculation, because production and revenue appear to be close at hand. The company has several irons in the fire, and it will only take one to ...
ValueWalk
Mullen Automotive announces another bullish twist to its story.RRDS chooses it as a supplier of Class-1 vans for the government’s EV program.Short interest remains high and will stay high until production and revenue are reported.5 stocks we like better than Mullen AutomotiveInvestors watchingMullen Automotive (NASDAQ:MULN) will know that it just partnered up with Rapid Response Defense Systems and this is good news. Rapid Response Defense Systems is a leading government contractor specializing in partnerships with small businesses. Q4 2022 hedge fund letters, conferences and more Find A Quali...
ValueWalk
Mullen Automotive shoots higher on good news yet again.The bears are still out in force but there are signs they are weakening.If this stock gets about $0.40 it could move up to $0.60 PDQ.5 stocks we like better than Mullen AutomotiveQ4 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorFinding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you...
ValueWalk
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