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. Thinking about buying stock in Nio, ConocoPhillips, Carnival, American Airlines, or Best Buy. Mullen Automotive Stock Price Ready to Explode. EMM technology was also tested by Mullen Automotive engineers on the Companys Class 1 EV Cargo Van at its Troy, Michigan, facility. In 2005 a chance invitation to attend the seminar How To Buy And Sell Your Own Stocks altered his worldview. Stockhouse membership requires an email address which must be shared by Facebook. Share this: Click to share on LinkedIn (Opens . Mullen Automotive, Inc.+1 (714) 613-1900www.MullenUSA.com, Mullen Automotive Issues Update to Shareholders, REA, Calif., June 23, 2022 via InvestorWire . Getting back to $1 next year is entirely possible, as Mullen is reducing its debt while entering boldly into the last-mile delivery EV niche. Besides, this acquisition sets Mullen Automotive up to enter the last-mile delivery vehicle market quickly. This is a very specific niche industry, and Mullen is audaciously staking its claim with this acquisition. 2023-04-24 | NDAQ:MULN | Press Release | Mullen Automotive Inc. Plus, Mullen just finalized its long-awaited acquisition of Electric Last. I would like to thank the many D.C. government officials who made this a reality,” said Lawrence Hardge, CEO of EV Technology and chief scientific officer of MAEO. Export data to Excel for your own analysis. Investors should expect MULN stock to post significant gains next year. Nosotros, Yahoo, somos parte de la familia de marcas de Yahoo. Salary Calculator. The Company has requested certain van modifications in support of their anticipated use. Please go to the link in the email message to retrieve your password. The deal appears to boil down to the investors forking over the $90 million they owe the company, in exchange for being able to sell most of their MULN stock. Mullen Automotive, Inc. (MULN) - Stock Analysis Mullen Advanced Energy Operations Announces Its Partner EV Technologies Mullen Automotive is highly ambitious as the company ventures into Europe, pays down its debt and acquires a last-mile delivery EV business. Image: Bollinger. This was the result of a reverse stock . Contract is for installation and field pilot of the Energy Management Module (EMM’). If you want to travel to Orem you can also get a Vans and Industrial. 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. LEARN MORE +1 (714) 613-1900 Lets add the $90 million Mullen looks poised to receive from its investors, and another $20 million its borrowing. Mullen's rival Tesla (TSLA) has seen its stock drop 68.16% YTD. MULN and Apple partnership? Rumors blowing up on social media Today, the Company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumers life. Mullen isnt filing for bankruptcy or shutting its doors to customers. For more information, please visit. 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership. The daily chart shows the initial retest of support in late summer, the retest and bounce sparked by the acquisition of Bollinger Motors, and a retest in late fall and another in late December. Andre Hudson Leaves INDI EV for Mullen Automotive (MULN) We are a Southern California based company that makes clean energy solutions that Efficient, Economic Mullen Automotive | Brea CA Karl Malone Auto Group is now hiring a Service Advisor PowerSports in Provo, UT. 28 reviews of Board of Provo "Much better than Zumies which is your other choice for your board needs in the Provo area. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. This, combined with bare company coffers, suggests this is a company that isnt on the right road. What Stock Would You Invest $5,000 in Right Now? Mullen Automotive has acquired a controlling stake in electric vehicle startup Bollinger Motors, buying up 60 percent of the struggling company's stock for $148.2 million, the . The Street has been concerned about the companys cash-flow situation. In comparison, the Russell 2000 (RTY) index has fallen 21.39% over the same period. Mullen Automotive Inc (MULN) Stock Price & News - Google Mar 16, 2022 5:51 AM EDT Mullen Automotive ( MULN) is an electric vehicle (EV) company that also operates CarHub, an artificial intelligence-based platform that lets users buy and sell cars.. Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. PSYC Depending on which site you look at and which figures you use, the short interest ranges from about 10% to about 45%, including dark pools and off-exchange activity. The indicators on this chart are also interesting because both the MACD and stochastic are diverging from the fresh lows and showing bullish signals echoed on the daily chart. Apr 27, 2023 8:30 AM, The Metals Company Engages Bechtel to Support NORI's Commercial Contract Application for NORI-D Nodule Project So the question is, is the battery tech there? Mullen Automotive, Inc. (MULN) - Yahoo Finance The $240 million cash purchase allows Mullen the capability to build up to 50,000 EVs annually, accelerating the launch of the Mullen FIVE and Bollinger B1 and B2 retail vehicles. Nasdaq Mullen Automotive and Bollinger Motors, Inc. to Discuss Acquisition on The post MULN Stock Alert: Why Mullen Automotive Is Headed for Disaster appeared first on InvestorPlace. Further details on these highlights and accomplishments can be found under the news section of Mullenswebsite. If shareholder approval is obtained, it is anticipated that a portion of the funding will be used for the EV Cargo Van Class 1-4 program, the FIVE EV Crossover, and the FIVE RS high-performance vehicle program development. Mullen Advanced Energy Operations is a 51%-owned subsidiary of Mullen Automotive with EV Technologies, LLC and Global EV Technology, Inc. as partners. Contact Thomas Hughes via email at tmhughes.writeon@gmail.com. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. These investors will then be allowed to buy back shares for a bit over 5 cents each. This clearly indicates that institutional investors seem to have lost confidence in Mullen and MULN stock. These warrants are exerciseable for one year, starting in September 2023. 8 Years: $34.06 per hour. Previous testing includes EV range increases of 60-70%. Larry began writing columns for InvestorPlace in 2015. Contact: 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 . It doesnt matter if you have $500 or $5 million. Its also worth noting is that Mullen is borrowing the $10 million through promissory notes with an incredibly high interest rate of 15%. Only $200 per official company press release! from 8 AM - 9 PM ET. NOTHING IS FREE. InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=SNAP&prnumber=102120225, https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=MULN&prnumber=102120225, https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=AAPL&prnumber=102120225, https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=T&prnumber=102120225, https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=META&prnumber=102120225. Mullen Automotive said Wednesday it has acquired Electric Last Mile Solutions, paving the way for the California-based startup to manufacture its first electric vehicle. 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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. On the date of publication, David Moadeldid not have (either directly or indirectly) any positions in the securities mentioned in this article. You can reach him on Stocktwits at @larryramer. Mullen has made significant progress in a number of key areas, stated David Michery, CEO and chairman of Mullen Automotive. Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. Re: powerbattles The bears are increasingly convinced that this company can not execute its promises, while the bulls are more convinced by the day. Manufacturing Success in the U.S. Midwest and Midsouth. BREA, Calif., April 24, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN) (Mullen” or the Company”), an emerging electric vehicle (EV”) manufacturer, announces that its majority owned subsidiary, Mullen Advanced Energy Operations (MAEO”), will today begin execution of a $680,000 contract that was previously awarded by the District of Columbia, Washington, D.C., to EV Technologies, LLC. 18, Mullen disclosed that it had launched an entity that will focus on improving Mullens energy management technology before moving on to other applications. Two other firms are partnering with Mullen on the venture. Mullen has evolved over the past decade in sync with consumers and technology trends. Previous testing indicates that Energy Management Module (EMM”) technology substantially increases the driving range and efficiency of any current EV battery. Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. 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. E-Mail Registrierung. Sign In. Mullen Automotive Featured by Yahoo Finance Live - GlobeNewswire News Room We have tested EMM technology in various vehicle applications and have repeatedly seen significant improvements in range. 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. Financial Market Data powered by QuoteMedia. The truly astounding figures, however, are the cost to borrow which has been running more than 350% and as high as 750%. Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles. 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. EMM technology is being integrated into final stages of product development and is planned to be introduced in all Mullen commercial and consumer vehicle programs. Consumer Discretionary, Automotive, Electric Vehicles. The MACD and stochastic on this chart are also divergent from the recent lows and show signals consistent with bottoming and the potential for reversal. To see all exchange delays and terms of use please see Barchart's disclaimer. 2022 has been an exceptional year for us so far; I am very proud of the immense effort by the Mullen team. This has led to Mullens capital raise, via promissory notes that carry an exorbitant interest rate. Apr 27, 2023 10:21 AM, PSYC Explores the Boundaries of Psychedelics and Society with New Video Series, "PSYC Taboo" On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions (ELMS) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana. Shares of MULN stock started trading on the Nasdaq Exchange on Nov. 5, 2021. However, MULN stock has been sold off so severely that its looking like an irresistible bargain. Mullen Automotive Issues Update to Shareholders Hence, its conceivable that MULN stock can revisit $1 during the coming year. In fact, Id argue that Mullen is probably headed for bankruptcy sooner or later. The vote is for approval for a reverse stock split that could get the price up above the $5 level. Mullen Technologies' Investor Relations website provides valuable information about the company for stockholders, potential investors, and financial analysts. Mullen Automotive Inc (MULN): I was rumored to be Apple and MULN! We are now a publicly-traded company as of November 5th, 2021. Explore. Google Twitter Facebook Apple English (USA) English (UK . ft. turn-key engineering facility on 100 acres, Center for manufacturing innovations and validation, Home to commercial vehicle manufacturing for classes 1-6. The van has been picked up and is currently being modified to fit the specs required by the customer in anticipation of a vehicle purchase order, including an upgrade to an 80-kWh battery pack. Thinking about buying stock in Snap, Mullen Automotive, Apple, AT&T, or Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. The split is twofold, the 1st is to get the share price above the $1 level so the company can avoid delisting from the NASDAQ exchange, and the 2nd is to provide the company with more ammunition for raising capital. The shares of electric-vehicle makerMullen Automotive(NASDAQ:MULN) have tumbled to less than 10 cents. Mullen began retrofitting the existing high-voltage facility in Monrovia, California, for the production of EV battery pack development to support the Mullen EV programs. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. For more information, please visit www.MullenUSA.com. It also operates CarHub, a digital platform that leverages AI to offer an interactive solution for buying, selling, and owning a car; and provides battery technology and emergency point-of-care solutions. See what's happening in the market right now with MarketBeat's real-time news feed. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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. Puedes cambiar tus opciones en cualquier momento haciendo clic en el enlace Panel de control de privacidad de nuestros sitios y aplicaciones. With proximity to all major rail lines, interstates, Mississippi river systems, and air logistics, our Tunica factory is located in a primary logistical center of North America.