Mullen Automotive Stock Forecast: MULN sinks alongside market on Tuesday despite reaching uptrend

South Africa News News

Mullen Automotive Stock Forecast: MULN sinks alongside market on Tuesday despite reaching uptrend
South Africa Latest News,South Africa Headlines
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Mullen Automotive (MULN), the micro-cap electric vehicle manufacturer out of Brea, California, has witnessed its stock enter a bullish uptrend for the

The equity market is focused on a possible US government shutdown, Dimon's dreaded 7% fed funds rate.EPA has certified Mullen THREE electric semi truck., the micro-cap electric vehicle manufacturer out of Brea, California, has witnessed its stock enter a bullish uptrend for the first time since July 20. SeveralHere on Tuesday, however, the stock has begun the session down 3.6% just under $0.54.

For months, Mullen has had a $63 million back order from commercial dealer Randy Marion Automotive for 1,000 Mullen THREE models. MGT Lease Company also has an order for 250 Mullen THREE units, valued at $15.7 million. A third smaller order comes from NRTC Automation Group. Additionally, Mullen recently received notice that both the Mullen ONE and Mullen THREE are eligible for $7,500 federal tax credits in the US, which makes them even more competitive than before.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GOP lawmakers question Navy probe of SEAL trainee Kyle Mullen’s death: ‘Misdirected and mishandled’GOP lawmakers question Navy probe of SEAL trainee Kyle Mullen’s death: ‘Misdirected and mishandled’A Navy SEAL training commander who came under fire after a 24-year-old sailor undergoing his program’s brutal “hell week” will argue before Navy leadership next month why he shoul…
Read more »

Electric Mullen GT Sports Car Shown In New York, Hopes The Second Time Is The CharmElectric Mullen GT Sports Car Shown In New York, Hopes The Second Time Is The CharmEssentially a US-spec Qiantu Q50, the Mullen GT is a long overdue electric sports car that is big on promises and short on details
Read more »

UAW auto strike: Why US Automotive CEOs make more than global competitionUAW auto strike: Why US Automotive CEOs make more than global competitionThe UAW is demanding higher wages from executives. How do American pay packets get so big – and can strikers close the gap between CEO-worker com...
Read more »

AutoTrader EchoPark Automotive 400 live updates: Top moments from TMSAutoTrader EchoPark Automotive 400 live updates: Top moments from TMSThe NASCAR Cup Series' playoff schedule continues Sunday with the AutoTrader EchoPark Automotive 400 at Texas Motor Speedway!
Read more »

Autotrader EchoPark Automotive 400 FREE LIVE STREAM (9/24/23): Watch NASCAR Cup Series onlineAutotrader EchoPark Automotive 400 FREE LIVE STREAM (9/24/23): Watch NASCAR Cup Series onlineThe Autotrader EchoPark Automotive 400, a NASCAR Cup Series race, takes place at the Texas Motor Speedway in Fort Worth, Texas, on Sunday, Sept.24, 2023 (9/24/23).
Read more »



Render Time: 2025-02-27 17:40:36