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.
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