Thomas got his start with the markets while working as a Chef. Oct 21, 2022, 11:00 ET. On the date of publication, David Moadeldid not have (either directly or indirectly) any positions in the securities mentioned in this article. Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles. Los Angeles, California It doesnt matter if you have $500 or $5 million. As Mullen Automotive completes a potentially game-changing acquisition, investors can hop on board now and see what 2023 brings. Forward-Looking Statements Yeah, that's right, Linux is free. 3 Stocks With Flags Too Red to Ignore, Mullen Stock: Short Sellers Are the Least of Shareholders Worries, 3 Meme Stocks to Buy With Actual Growth Potential, MULN Stock Alert: Mullen Announces New Info on D.C. Contract, MULN Stock Alert: Mullen Says Its Investigating Failure to Deliver on Short Sales, The Time to Buy Mullen (MULN) Stock Is Now, MULN Stock Alert: EMM Tech Could Add Hundreds of Miles to Battery Range, 7 EV Penny Stocks That Are Better Buys Than Mullen, Registration on or use of this site constitutes acceptance of our. In several past columns, Ive discussed why I doubt Mullens technological acumen; given all these points, Im not hopeful about the automakers newest venture. Contact: Results showed more than a 75% increase in range for the 42-kWh lithium-ion battery pack, which would be a calculated EPA estimated range of 186 miles at a very low added cost and mass. InvestorsObserver. Cuando utilizas nuestros sitios y aplicaciones, usamos. 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 $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. On Apr. 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 technology, greatly improving current EV performance by increasing EV vehicle range. Explore. For more information, please visit. 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. The short interest data varies greatly from site to site but one thing is clear, the bears are still shorting this stock despite the obvious support of the broader market. Specific vehicle testing of a high-volume OEM electric vehicle by Element resulted in a calculated increase in range from 269 to 431 miles, which is a 60% increase in efficiency. There are numerous catalysts in the works for Mullen Automotive at this time but the most important may be the upcoming shareholder vote. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. 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. CGAC The Mullen Automotive story is as long as any in the EV market but really begins in early 2022 following the completion of its reverse merger and IPO raising money for operations. Do this now. If there is one thing that we at Mullen all agree on, it is never settling for anything that is less than exceptional. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Companies. The post MULN Stock Alert: Why Mullen Automotive Is Headed for Disaster appeared first on InvestorPlace. View which stocks are hot on social media with MarketBeat's trending stocks report. 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. The Company has requested certain van modifications in support of their anticipated use. 86% of retail CFD accounts lose money, Buy This $5 Stock BEFORE This Apple Project Goes Live, The Best $1 Investment You Can Make Today, Wall Street Titan: Heres My #1 Stock for 2023. 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. Only $200 per official company press release! 310.299.1717 Office 5 Hypergrowth Stocks With 10X Potential in 2023, Why NIO Stock Will Continue Heading Downward, Louis Navellier and the InvestorPlace Research Staff, How to Invest: The No. U.S. patent application filed. Mullen (NASDAQ: MULN) is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions and electric vehicles. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: For those wondering when or if Mullen Automotive's NASDAQ: MULN stock price will see a short squeeze, the best answers are probably soon. 1125 N. Charles St, Baltimore, MD 21201. In another indication of large investors lack of confidence in the automaker, several such investors have been given the right to sell large shares in exchange for a relatively paltry sum. 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. To see all exchange delays and terms of use please see Barchart's disclaimer. +1 (714) 613-1900 Plus, Mullen just finalized its long-awaited acquisition of Electric Last. Mullen Automotive (NASDAQ: MULN) stock is up almost 10% today after the electric vehicle company provided a positive update on its Energy Management Module (EMM) deal with the District of Columbia . 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Mullens partnership with LGG (Linghang Guochuang Group) is on track, with both parties jointly scaling solid-state polymer battery cell technology with the objective of moving from the individual cell level to the vehicle pack level. Larry began writing columns for InvestorPlace in 2015. Ultimately, the reverse split will dilute shareholder value and provide the company access to cash without tapping into the debt market. News provided by. Investors should expect MULN stock to post significant gains next year. Element Materials Technology test results indicate that the Energy Management Module (EMM) technology substantially increases the driving range and efficiency of any current EV battery. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. Mullen Automotive Inc (MULN), Mullen Automotive Inc (MULN), CGAC Completes $894,325 Purchase of 412 Bitcoin Miners, Mining Operations Underway, UC Asset Rated "Buy" by Independent Analyst with Target Price at $4.00 per Share, PSYC Explores the Boundaries of Psychedelics and Society with New Video Series, "PSYC Taboo", The Metals Company Engages Bechtel to Support NORI's Commercial Contract Application for NORI-D Nodule Project, ILUS Confirms New First Phase Deal for ILUS EV Technologies in Serbia, PTOP Renegotiates MOBICARD 2.0 Contract - MOBICARD 1.5 will Be Released First. Mullen is a California-based EV company with two assembly plants in the U.S. MULN Price Action: Mullen Automotive shares are down more than 92% over the last year. Apr 28, 2023 8:30 AM, UC Asset Rated "Buy" by Independent Analyst with Target Price at $4.00 per Share Its been a long time in the making, but Mullen Automotive finally closed its acquisition ofElectric Last Mile Solutions. See. Thats unjustifiable. I am extremely pleased to partner with Mullen for the commercialization and global availability of the EMM technology, said Lawrence Hardge, CEO of Global EVT. MULN Stock Alert: Why Mullen Automotive Is Headed for Disaster, Warning! 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. 6 Years: $32.42 per hour. The bears are increasingly convinced that this company can not execute its promises, while the bulls are more convinced by the day. Solid-state polymer batteries are envisioned for the second generation of the Mullen FIVE EV Crossover. Previous testing indicates that Energy Management Module (EMM”) technology substantially increases the driving range and efficiency of any current EV battery. Seeing the previous EMM test results conducted by Element, along with Global EVT testing, and correlating that with testing by our engineers, we believe this technology is a perfect fit for Mullens EV product lineup as well as the advancement in EV technology for the overall automotive industry, said David Michery, CEO and chairman of Mullen Automotive. 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. 1 for 4 weeks, First Republic in limbo as US regulators juggle bank's fate, Alibaba's Jack Ma turns up in Japan as college professor, Big May Day events in Asia call for better labor conditions, 'Waste of time': Community college transfers derail students. proporcionarte nuestros sitios y aplicaciones; autenticar usuarios, aplicar medidas de seguridad y evitar el spam y los abusos, y. medir el uso que haces de nuestros sitios y aplicaciones.
