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Mullen Automotive Inc

Mullen Automotive Inc (MULN)

4.165
-0.465
(-10.04%)
Closed May 05 4:00PM
4.1699
0.0049
(0.12%)
After Hours: 7:59PM

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Key stats and details

Current Price
4.1699
Bid
3.58
Ask
4.30
Volume
2,923,553
4.13 Day's Range 4.87
2.3565 52 Week Range 1,980.00
Market Cap
Previous Close
4.63
Open
4.77
Last Trade Time
Financial Volume
$ 12,700,920
VWAP
4.3443
Average Volume (3m)
3,159,070
Shares Outstanding
6,552,470
Dividend Yield
-
PE Ratio
-0.09
Earnings Per Share (EPS)
-147.26
Revenue
366k
Net Profit
-964.89M

About Mullen Automotive Inc

Mullen Automotive Inc is engaged in manufacturing electric vehicles and energy solutions. The company strives to make electric vehicles more accessible by building an end-to-end ecosystem that takes care of all aspects of electric vehicle ownership. Mullen Automotive Inc is engaged in manufacturing electric vehicles and energy solutions. The company strives to make electric vehicles more accessible by building an end-to-end ecosystem that takes care of all aspects of electric vehicle ownership.

Sector
Cmp Processing,data Prep Svc
Industry
Blank Checks
Headquarters
Dover, Delaware, USA
Founded
2012
Mullen Automotive Inc is listed in the Cmp Processing,data Prep Svc sector of the NASDAQ with ticker MULN. The last closing price for Mullen Automotive was $4.63. Over the last year, Mullen Automotive shares have traded in a share price range of $ 2.3565 to $ 1,980.00.

Mullen Automotive currently has 6,552,470 shares outstanding. The market capitalization of Mullen Automotive is $85.77 million. Mullen Automotive has a price to earnings ratio (PE ratio) of -0.09.

MULN Latest News

Pritchard EV and Mobile Road Service Solutions Debut All Electric Mullen ONE Roadside Assistance Vehicle at American Towman Showcase in Las Vegas

MRSS is a leading upfitter for the Roadside Service Industry and a strategic supplier to towing and emergency roadside service companies, including AAA, throughout the U.S. BREA, Calif., May 02...

Mullen Adds One of the Largest US Commercial Dealers, Pritchard EV, to Dealer Network

Pritchard EV is a nationally known leader in fleet sales and a pioneer in commercial EV sales Mullen EV fleet vehicles now available for immediate order and delivery through Pritchard EV, an...

California Issues HVIP Approval, Granting Mullen’s Class 3 EV Trucks a $45,000 Cash Voucher Per Vehicle Sold

Under HVIP, the Mullen THREE EV truck, with a suggested MSRP of $68,500, now qualifies for a rebate of up to $45,000. When combined with the available $7,500 federal tax credit, the net effective...

Mullen Announces New CARB Approval for 2025 Class 3 EV Cab Chassis Truck

Company now in receipt of CARB approval for both 2024 and 2025 Class 3 Model Years CARB certification takes on even more significance with the recent Advanced Clean Fleets (“ACF”) regulation...

Mullen’s New High Energy Facility Marks Phase One Completion of Battery Pack Assembly Line

Mullen is dedicated to producing next-generation, American-made EV battery packs Facility is capable of producing 1 GWh per year BREA, Calif., April 22, 2024 (GLOBE NEWSWIRE) -- via IBN...

Mullen Achieves Manufacturing Milestone with 500th Commercial Vehicle Produced

BREA, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announces a manufacturing milestone...

Mullen Streamlines Business Operations to Focus on Near Term Commercial Opportunities

Cost saving initiatives aimed at reducing operating and investing cash flows by approximately $170 million over the next 12 months when compared to operating and investing cash flows reported for...

Mullen Files for Foreign Trade Zone Status in Tunica, Mississippi

On Monday, March 25, 2024, Company filed FTZ application and expects final determination within 30 to 90 days FTZ status and benefits would include opportunity for improving Company cash flow...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
11.029932.79936305733.147.453.08266287985.84686797CS
40.02990.7222222222224.147.452.356577728615.5119346CS
12-2.7301-39.56666666676.99.872.356531590705.62013511CS
26-26.6301-86.461363636430.832.752.35651863695215.15703279CS
52-1930.8301-99.784501292193519802.356591956984213.10265209CS
156-281245.8301-99.99851736892812503575252.35651186932419968.41245379CS
260-281245.8301-99.99851736892812503575252.35651186932419968.41245379CS

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MULN Discussion

View Posts
Wayne R Wayne R 6 hours ago
I like your thinking it’s logical but today everything defies logic

As in why would anyone in their right mind buy this thing after it has been proven by Davie boyo that he'll screw you over the first chance he gets.

No disclaimer on that statement, it is a fact. Just ask the poor dumb asses that believed in him and ended up with nothing.
👍️0
Dingbatt Dingbatt 6 hours ago
Wayne
I like your thinking it’s logical but today everything defies logic
👍️0
Wayne R Wayne R 7 hours ago
I'm not being specific on anything or any particular event, other than charts.
👍️0
Dingbatt Dingbatt 7 hours ago
Maybe it was really Madoff
That manufactured the same gear for every plane tail wing and didn’t put enough grease on it
👍️0
Dingbatt Dingbatt 7 hours ago
Are you referring to Alaskan flight 261
That several Wall Street Gurus are on
👍️0
Wayne R Wayne R 12 hours ago
I used to describe real bad charts as a train crash. This one I'd describe as a plane crash, with no hope of survivors....
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B RY B RY 22 hours ago
As you've found, trying to inject muln logic into highly emotional decision makers doesn't work too well. Take chris's tweet shortly before the last reverse split for example. It's still hilarious to re-read. " IMO david will vote NO to RS." LOLOLOLOL!!!

👍️0
B RY B RY 22 hours ago
Muln to the moon! LOL! Hi wayne. I see muln is still good for a laugh. Just post a muln chart and most get it. While others have trouble solving puzzles.

👍️0
Reluctant Observer Reluctant Observer 24 hours ago
I hated to be right on this one in the end.
👍️0
Wayne R Wayne R 1 day ago
Well I found the answer by myself from SEC filings.

1. Shares approved for issuance pursuant to a Performance Stock Award Agreement dated May 5, 2022. No shares have been issued as of the date hereof.
2. Shares approved for issuance pursuant to a Performance Stock Award Agreement dated June 8, 2023. No shares have been issued as of the date hereof.
3. Shares granted pursuant to Issuer's 2022 Equity Incentive Plan. No shares have been issued as of the date hereof.

Looks like he waits to issue them AFTER reverse splits
👍️ 1
Wayne R Wayne R 1 day ago
Welcome newbie morons.

Pump it all you like.

Davie boyo probably thanks you for your contributions to his retirement fund.

JMO, I don't know shit except for shareholders being wiped out most of the time when they are gullible enough to read the PRs.

OH but not Davie boyo, his common share are immune from reverse splits. Strange, I thought only one class of commons were trading. Not sure how he justified any of that.

Have fun kids.
👍️ 1
philaya philaya 2 days ago
Monday...
Not down easy to see
👍️0
Candlestick_Ninja Candlestick_Ninja 2 days ago
https://stocktwits.com/Candlestickninja/message/571775866 #muln #evstock #ta #technicalanalysis #fallingwedge break #infoopurposes only! Not a recommendation! Do your own #duedilligence
👍️0
philaya philaya 2 days ago
Pure magic play...
Lower than low
Not fooled.
👍️0
double_m double_m 2 days ago
This is dropping down below $3.50 before anything happens. You should've waited. Esousa had a 3 month expiration date (Jan-Apr24) on the $32M +$18M discount totalling $50M purchase agreement from Dec 18, '23. Per that agreement the repayment is allowed to be "accelerated upon default!"
👍️ 1
philaya philaya 2 days ago
added some low low...
easy play now.
👍️0
danr1 danr1 2 days ago
I bet OS is over 7m and options wil kick
In
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double_m double_m 2 days ago
@MULN Need an updated OS on this pig! Curious how long Senior Scumbag AKA Mr. Hankey left the dilution flood gates open over the past month. $19M in debt as of Dec '23 + 5 mths overhead (including his $750,000 salary)!
Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]

NAME OF REPORTING PERSONS
Esousa Holdings LLC

Consists of 334,223 shares of Common Stock
https://www.otcmarkets.com/filing/html?id=17290134&guid=-0d-kF9S0Yi7B3h
👍️0
Daniel Plainview Daniel Plainview 2 days ago
Slow walk back down to 2.00 bucks.
👍️0
philaya philaya 3 days ago
Risky bets ...
It taste good.
👍️0
downdraft downdraft 3 days ago
More pics from the trade show.

Mullen, Pritchard and Mobile Road Service Solutions Van Pics
👍️ 1 ✔️ 1
philaya philaya 3 days ago
Like the gamble...
If not going belly up.
👍️0
Harbor6460 Harbor6460 3 days ago
Closer to 0 every day
👍️0
philaya philaya 3 days ago
who might it be...
those with power.
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downdraft downdraft 3 days ago
Something big might be coming down the pipeline. Those are quite huge volume spikes on the chart in the past week. Plus, normally there's a net distribution of shares, signalling more dilution, but in this rare case there's a net accumulation of shares, about 25 million or so, even after this trader pullback. If I just use a $3 stock price, that would be about $75 million that has moved into the stock!

I don't know for sure if that's what happened, but on those two huge days up the chart, the size of the trades going through was massive, like hundreds of thousands of dollars worth for numerous individual trades, and one I think was for over a million dollars. That's not mom and pop day traders buying that amount of stock. It sure seems like it's getting loaded big-time!

Here's a link to a one year chart. Notice how the Chaikin Money Flow has also turned positive. Only time will tell if the reversal is finally in play!

Barchart - 1 year time frame
👍️ 1
Huggy Bear Huggy Bear 3 days ago
That's quite a whopper there.
👍️ 1 😀 1
SILVERSURFER4263 SILVERSURFER4263 3 days ago
MICHERY laughing all the way to the BANK after that pump to 7
💩 1 🤡 1 🪦 1 ⚰️ 1
Huggy Bear Huggy Bear 3 days ago
LOLOLOL. Welcome to Club Misery.

Enjoy your stay.
👍️ 2 💯 1
downdraft downdraft 3 days ago
Great that you're here, CantonG! It's those California 50% mandates for government EV's that have my attention. Still waiting on Federal approval, supposedly just weeks away now, but the Federal government has huge mandates as well.

Finally, back in Q4, MULN started ramping up their production, from 27 or so all year to 230 vehicles in Q4, or close to that. Since they just announced that they made their 500th vehicle, they might be up to 90 or 100 vehicles per month. It's not much, but it's enough to finally make some small fleet sales. Time will tell.

Link to all press releases
👍️ 2 ✅️ 1
CantonG CantonG 3 days ago
Looking great, this gem is $$$$$$$
👍️0
SILVERSURFER4263 SILVERSURFER4263 3 days ago
sellllllllllllllllllllllllllllllllllll....this scam is TOAST
👍️0
philaya philaya 3 days ago
holding...
shares have potential.
👍️0
downdraft downdraft 3 days ago
1) They actually finally have hundreds of vehicles ready to sell. 2) They have California HVIP approval for up to $45,000 in a cash voucher. 3) California requires 50% of all government vehicles in 2024 to be EV.

I'm still not convinced that MULN will succeed but I don't like waiting until after they make a huge announcement of some sort. I play these stocks like an option, not investing much money in case they don't work out, but if it does work out then I'm in early.
👍️ 1
TenKay TenKay 3 days ago
Why is this one any different than the myriad of other “announcements” that went nowhere fast?

Delpack, UNC, Watergen, Loop global, MGT lease…to name a few.
👍️ 1
downdraft downdraft 3 days ago
One big fleet-size sale announcement sends it! It will take the sales crew at Randy Marion and Pritchard a few weeks or a few days to get the word out about the new product offerings and the California HVIP approval but my gamble is that the first big fleet-size deal happens this month!
👍️0
Daniel Plainview Daniel Plainview 3 days ago
Slow walk down investors selling
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downdraft downdraft 3 days ago
Here's a link to an image of the van at American Towman Showcase, in Las Vegas through today.

@Mullen_USA
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downdraft downdraft 3 days ago
American Towman Showplace in Las Vegas.

Link to the American Towman Showplace
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downdraft downdraft 3 days ago
Link to photos at Mobile Road Service Solutions where they upfit vans. It shouldn't be too much longer before MULN announces a huge fleet size deal for their EV's with some private or government entity. That's the news I want to see.

Mobile Road Side Solutions web pics
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downdraft downdraft 3 days ago
This paragraph from the press release suggests AAA road service as a potential customer!!!!

"Previously MRSS's flagship product was a Class One commercial van specifically designed for light duty service. Folks loved its maneuverability and economy; it was a top seller for us, particularly with our customer, AAA,” said David Biehl, National Sales Director of Mobile Road Service Solutions, LLC. “We work very closely with AAA and were excited to hear that Pritchard was adding Mullen to their product line, particularly when our customer is moving strongly into the EV arena. The Mullen allows us to continue to offer a smaller commercial van to those of our customers who preferred that size. We're excited to show our first demo at the American Towman Show in Las Vegas."
👍️0
downdraft downdraft 3 days ago
News! - All Electric Mullen ONE Roadside Assistance Vehicle. Details in the link below!

Pritchard EV and Mobile Road Service Solutions Debut All Electric Mullen ONE Roadside Assistance Vehicle
👍️0
philaya philaya 4 days ago
Smart move. ..
Tesla selling Mullen trucks.
👍️0
philaya philaya 4 days ago
It some cpany...
Not. To laugh at.
👍️0
dukeb dukeb 4 days ago
They are in Crystal Lake, Iowa. In the middle nowhere. Google Maps shows that the SPAM museum is just over the Minnesota border from Crystal Lake. It might be worth a visit: https://www.spam.com/museum

I have never heard of PritchardX.
👍️0
TenKay TenKay 4 days ago
I have never heard of PritchardX.

Anything for a pump I guess.

The problem that Mullen will have is they don’t have enough cash or reasonable access to cash to “ramp up”. He will have to kill the stock price another 99.9% to get enough money to “ramp up”.

This is doomed no matter what. Some just seem to ignore that reality.
👍️0
double_m double_m 4 days ago
it’s a scam just like workhorse pic.twitter.com/wiJ7AkF9jO— Brokie#11162815 (@stonkhodler87) May 1, 2024
👍️0
double_m double_m 4 days ago
Trade Gopher 🇺🇦
@TradeGopher
ZERO sales since $MULN announcing "production started" in August 2023. More partnerships, no sales. $TSLA doesn't do this. What happened to the Delpack partnership? The Randy Marion Auto partnership? Fortune 500? The #MullenGo partnership to sell in Ireland? Menzies partnership? Heights Dispensary "sales"? Watergen partnership? List goes on and on
..

All a big scam to push fluff PR to enable millions of dollars in fraud bonuses to CEO David Michery and enrich toxic lenders just like Michery did in his last scam company Primco Management Inc $PMCM... Just this time they never hit 800 billion in diluted shares like in PMCM.
9:21 AM · May 1, 2024 ·290 Views
ZERO sales since $MULN announcing "production started" in August 2023. More partnerships, no sales. $TSLA doesn't do this. What happened to the Delpack partnership? The Randy Marion Auto partnership? Fortune 500? The #MullenGo partnership to sell in Ireland? Menzies partnership?…— Trade Gopher 🇺🇦 (@TradeGopher) May 1, 2024
👍️0
philaya philaya 4 days ago
Er ++ soon ...
Funny day.
👍️0
Huggy Bear Huggy Bear 4 days ago
That's PUMPING GARBAGE.
👍️ 1
downdraft downdraft 4 days ago
Not pumping; just showing facts that have been reported.

- California HVIP approval for MULN, with up to $45,000 in a cash voucher
- PritchardX is a very large new dealer for MULN with an HVIP dealership in California
- Randy Marion is a huge dealership in the southeast that has MULN inventory on site
- 5 year chart shows record volume spike and massive share accumulation reversal
- 500 MULN vehicles have been manufactured and ready for sale

The bounce off of the 20 day is my opinion.
👎️ 1

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