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MULLEN AUTOMOTIVE INC - PLAN TO EXPAND U.S. DISTRIBUTION, ADDING NEW DEALER POINTS TO SUPPORT COMMERCIAL EV MARKET PENETRATION

Reuters · 1d ago

Mullen Achieves Manufacturing Milestone with 500th Commercial Vehicle Produced

In April 2024, Mullen Automotive Inc. Has 18 active commercial vehicle pilots underway with fleets, municipalities, universities and campuses. The company recently produced its 500th commercial vehicle out of its Tunica, Mississippi, facility. Mullen plans to launch an expansion into Europe next month.

Forward News · 1d ago

What's Going On With EV-Maker Canoo's Stock?

Canoo Inc. Shares are up more than 24% over the past five days. Analyst Michael Legg initiated coverage on Canoo with a Buy rating and a price target of $5. The company's pipeline features $750 million in contracts with clients including Walmart and the U.S. Military.

Benzinga · 1d ago

LCID Stock: Lucid Unveils Details of Its 2024 Air Grand Touring

Lucid Group (NASDAQ:LCID) recently revealed details of its 2024 Lucid Air Grand Touring. The luxury electric vehicle is geared toward helping customers reach their destination faster and charge more quickly. News of the new vehicle has boosted LCID stock, which has been trending upward. Lucid's shares are down more than 40% year-to-date, but the company may be on the verge of a comeback.

Investorplace · 2d ago

12 Consumer Discretionary Stocks Moving In Wednesday's Intraday Session

Massimo shares moved upwards by 19.4% to $4.5 during Wednesday's regular session. Children's Place (NASDAQ:PLCE) stock rose 18.28% and Kidpik shares rose by 18.37% in the same session. Other gainers include Massimo, WW International and ATA Creativity Glb.

Benzinga · 2d ago

Why Invo BioScience Stock Is Soaring Today

INVO BioScience, Inc. Reported its fourth-quarter financial results after the market close Tuesday. Invo Bioscience reported $1.38 million in quarterly sales, representing a 396.15% increase over the same period last year. The company remains on-track with its goal of reaching break-even or profitability in 2024.

Benzinga · 2d ago

MULN and WW among Consumer Discretionary movers

U.S. Economy MULN and WW among Consumer Discretionary movers. EZGO Technologies Ltd. And Childrens Place are among the gainers. S&P 500 consumer discretionary sector is down 0.03% to 1416.33. Consumer Durables & Apparel and Automobiles & Components among the losers.

Seeking Alpha · 2d ago

12 Consumer Discretionary Stocks Moving In Monday's Intraday Session

Kaival Brands Innovations (KAVL) shares rose 206.0% to $8.17 during Monday's regular session. Snap One Holdings (SNPO) stock moved upwards by 30.34%. Kidpik (NASDAQ:PIK) shares also rose.

Benzinga · 4d ago

MULN and SES among Consumer Discretionary movers

U.S. Economy MULN and SES among Consumer Discretionary movers. Consumer Durables & Apparel +0.73% to 398.35. Automobiles & Components -2.37% to 99.42. S&P 500 consumer discretionary sector -0.22% to 1444.36.

Seeking Alpha · 4d ago

Weekly Report: what happened at MULN last week (0408-0412)?

Weekly Report · 4d ago

Mullen Automotive Shares Rise 6.3% on Cost Reduction Measures

Mullen Automotive shares rise 6.3% to $4.25 on cost reduction and consolidation measures. The stock is down 71% on the year so far. The automotive company said its actions are expected to reduce roughly $170 million in expenses. Mullen's planned changes include curtailing noncommercial programs.

Dow Jones · 04/08 17:30

EH Stock: EHang Shares Take Flight on eVTOL Milestone

EHang (NASDAQ:EH) stock is up 4.3% as of Monday morning. The electric vertical takeoff and landing (eVTOL) company reaches a new milestone. EHang has secured a production certificate for its EH216-S eVTOL. The company is an autonomous passenger vehicle that will operate without the need for a pilot.

Investorplace · 04/08 16:10

MULN Stock: Mullen Pops on Cost-Cutting Plans

Mullen Automotive (NASDAQ:MULN) stock is jumping on Monday after the electric vehicle company announced new cost-cutting plans. The company intends to cut $170 million from its operating and investing cash flow expenses over the next year. MULN stock is up 3.3% as of Monday morning but is still down 67.7% since the start of the year. We have all of the hottest stock market news that traders need to know about on Monday. Fisker stock, MicroStrategy stock and Auddia stock are also up today.

Investorplace · 04/08 15:55

Mullen Automotive Announces Cost-Cutting and Efficiency Measures

TipRanks · 04/08 15:42

EV maker Mullen is making big cost cuts, moving away from the consumer market

MarketWatch · 04/08 14:01

Mullen Automotive fires off consolidation plan to lower costs

Consumer Mullen Automotive fires off consolidation plan to lower costs. The electric vehicle maker said the actions were to align its budget with current market conditions. The actions are expected to drive an estimated $170M reduction in operating and investing cash flow expenses. Shares of MULN fell 0.50% in premarket action to $3.95.

Seeking Alpha · 04/08 12:49

Mullen Streamlines Business Operations To Focus On Near Term Commercial Opportunities, Actions Are Expected To Drive An Estimated $170M Reduction In The Co's Operating And Investing Cash Flow Expenses Over The Next 12 Months When Compared YoY

Cost saving initiatives aimed at reducing operating and investing cash flows by approximately $170 million over the next 12 months. Mullen Automotive, Inc. Is an emerging electric vehicle manufacturer. The Company's April goal is to move 100 units of Mullen Commercial EVs. The changes are intended to refine business operations and focus on the commercial EV segment.

Benzinga · 04/08 12:43

MULLEN AUTOMOTIVE INC - MAKING THESE CHANGES TO REFINE BUSINESS OPERATIONS AND BETTER ALIGN FOCUS ON COMMERCIAL EV SEGMENT

Reuters · 04/08 12:30

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. The Company expects to move 100 units of electric vehicles in April. The changes are intended to refine business operations and better align focus on the commercial EV segment. Mullen Automotive, Inc. Is an emerging electric vehicle manufacturer.

Forward News · 04/08 12:30

Weekly Report: what happened at MULN last week (0401-0405)?

Weekly Report · 04/08 09:00

Webull provides a variety of real-time MULN stock news. You can receive the latest news about Mullen Automotive Inc through multiple platforms. This information may help you make smarter investment decisions.

About MULN

Mullen Automotive Inc. is an automotive company building electric vehicles (EVs). The Company is building and delivering commercial trucks. It also has a portfolio of passenger vehicles in various stages of product development. The Company’s segments include Bollinger and Mullen/ELMS. The Bollinger segment includes medium duty truck classes 4-6, along with the sport utility and pickup trucks EVs. The Mullen/ELMS segment builds Class one and Class three electric vehicles. Its EV development portfolio includes the Mullen FIVE EV Crossover, Mullen-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric sport utility vehicle (SUV) trucks and Class 4-6 commercial offerings. The Mullen ONE van features specifications offering a fit for a variety of applications, including package delivery. The Mullen THREE is a Class three commercial electric vehicle targeting over 5,684 pounds of max payload.