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Mullen Automotive

0.1150

-0.0450-28.12%

Post-market: 0.1111-0.0039-3.39%19:59 EDT

Volume:57.75M

Turnover:7.49M

Market Cap:422.46K

PE:0.00

High:0.1620

Open:0.1600

Low:0.1100

Close:0.1600

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Overview Company News Filings

Mullen Automotive’s Bollinger Motors delivers B4 trucks to TEC Equipment

Mullen Subsidiary, Bollinger Motors, Delivers B4 Trucks to West Coast Dealer, TEC Equipment

IBN Coverage: Mullen Automotive (NASDAQ: MULN) Gains $10M Support From Robert Bollinger to Propel B4 EV Production

Mullen announces Bollinger provides Bollinger Motors with $10M financing

Mullen Automotive Says Bollinger Unit to Get $10 Million in Financing From Founder

MT Newswires Live

Mullen Automotive Enhances Electric Truck Production with New Funding

Mullen Automotive Announces Robert Bollinger Provides Bollinger Motors $10M Financing

THOMSON REUTERS

Mullen Automotive Announces Robert Bollinger Provides Bollinger Motors $10M Financing

Mullen Automotive Meets Nasdaq Compliance and Targets $75M Revenue with Cost-Cutting Initiatives

Mullen Automotive Regains Full Compliance With Nasdaq Listing Rules; Shares Rise

MT Newswires Live

Mullen Regains Full Nasdaq Compliance

THOMSON REUTERS

IBN Coverage: Mullen Automotive (NASDAQ: MULN) Announces Plans to Establish Mullen Credit Corporation to Support Dealers, Customers

What's Going On With Mullen Automotive Shares Monday?

Mullen Automotive Creates New Financial Arm Amidst Deep Market Struggles

Mullen Automotive to Establish Unit to Provide Vehicle Floor Plan to Dealers; Shares Rise

MT Newswires Live

Mullen Automotive announces it will establish MCC

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TEC Equipment is a family-owned, full-service truck and trailer dealership group with more than 30 locations across eight states. The first saleable units of the Bollinger B4, Class 4 all-electric truck rolled off the assembly line in September.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.globenewswire.com/news-release/2024/10/30/2971769/0/en/Mullen-Subsidiary-Bollinger-Motors-Delivers-B4-Trucks-to-West-Coast-Dealer-TEC-Equipment.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0828237940.HKD","BK4548","LU0066902890.USD","LU1102505762.USD","MULN","IE00B7N09G41.SGD","BK4207","LU1868838027.USD","LU0143863198.USD","IE00BYTNYM70.SGD","LU0164881194.USD","LU0823039010.USD","LU1868837722.USD","LU0264410563.USD","BK4588","BK4585","LU0251143458.SGD","IE00B0JY6M65.USD","LU0531971678.HKD","LU1102505929.USD","BK4099","LU0143863784.USD","LU1868837565.USD","IBN","LU0823038988.USD","BK4535","LU0181495838.USD","BK4523","SG9999004220.SGD"],"gpt_icon":1},{"id":"2479235224","title":"IBN Coverage: Mullen Automotive (NASDAQ: MULN) Gains $10M Support From Robert Bollinger to Propel B4 EV Production","url":"https://stock-news.laohu8.com/highlight/detail?id=2479235224","media":"NewMediaWire","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2479235224?lang=en_us&edition=fundamental","pubTime":"2024-10-30 00:03","pubTimestamp":1730217836,"startTime":"0","endTime":"0","summary":"This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community.LOS ANGELES, Calif. -  - October 29, 2024 - Mullen Automotive  announced that Bollinger Motors founder, Robert Bollinger, has provided $10 million in non-dilutive debt financing to accelerate the production and sales of Bollinger's all-electric Class 4 B4 truck. This funding supports Bollinger's full-scale production efforts, with trucks now assembled by Roush Industries in Michigan, using over 70% U.S.-made content. Mullen CEO David Michery commended Bollinger's continued commitment to building the brand, with more details on the financing to be filed in an upcoming Form 8-K with the SEC.Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the informatio","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/wIbegTOh3JxNfYg2pMZwtQ--~B/aD04MDA7dz0xNDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/newsmediawire_165/ac6a521492aae5a2f0e5785674038125","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/wIbegTOh3JxNfYg2pMZwtQ--~B/aD04MDA7dz0xNDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/newsmediawire_165/ac6a521492aae5a2f0e5785674038125"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/ibn-coverage-mullen-automotive-nasdaq-160356488.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["LU1868837565.USD","LU0823039010.USD","LU0828237940.HKD","IE00BGHQF748.EUR","LU0823038988.USD","MNQmain","LU1868838027.USD","PSQ","IE00B0JY6M65.USD","LU0264410563.USD","BK4535","LU1102505762.USD","BK4585","LU0181495838.USD","BK4112","NQmain","BK4207","LU0531971678.HKD","MULN","LU2210150020.SGD","LU0066902890.USD","LU1868837722.USD","BK4548","QID","IE00B7N09G41.SGD","LU0251143458.SGD","LU0143863198.USD","BK4588","SQQQ","LU0143863784.USD","TQQQ","LU2210149790.SGD","SG9999004220.SGD","BK4099","LU1102505929.USD",".IXIC","IE00BKPKM429.USD","IE00B3QW5Z07.USD","QLD","IE00BYTNYM70.SGD","LU0164881194.USD","NDAQ","LU2095319765.USD","DBP","IE00B64PRP62.GBP","BK4523","IBN"],"gpt_icon":1},{"id":"2479400697","title":"Mullen announces Bollinger provides Bollinger Motors with $10M financing","url":"https://stock-news.laohu8.com/highlight/detail?id=2479400697","media":"TipRanks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2479400697?lang=en_us&edition=fundamental","pubTime":"2024-10-29 21:15","pubTimestamp":1730207722,"startTime":"0","endTime":"0","summary":"Mullen Automotive  announces that Robert Bollinger, founder of Bollinger Motors, has provided Bollinger with $10 million in non-dilutive debt financing to support Bollinger’s production ramp-up and sale of the B4, Class 4 EV truck. “Robert’s continued support and participation in the growth of Bollinger Motors demonstrates his ongoing commitment and is key to building the brand that carries his name,” said David Michery, CEO and chairman of Mullen Automotive.Arcadium confirms Rio approach, Apollo funds to acquire Barnes: Morning Buzz. Morning Movers: Duckhorn and Barnes rise after take-private deals","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/A_1Izgrau_RUprL2pDmaWQ--~B/aD0xOTI7dz0xOTI7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/tipranks_452/9c09a2da12626fc9856796f06230bf15","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/A_1Izgrau_RUprL2pDmaWQ--~B/aD0xOTI7dz0xOTI7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/tipranks_452/9c09a2da12626fc9856796f06230bf15"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/mullen-announces-bollinger-provides-bollinger-131522946.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/mullen-announces-bollinger-provides-bollinger-131522946.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["MULN","BK4099"],"gpt_icon":0},{"id":"2479943571","title":"Mullen Automotive Says Bollinger Unit to Get $10 Million in Financing From Founder","url":"https://stock-news.laohu8.com/highlight/detail?id=2479943571","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2479943571?lang=en_us&edition=fundamental","pubTime":"2024-10-28 23:58","pubTimestamp":1730131117,"startTime":"0","endTime":"0","summary":"Mullen Automotive  said Monday that Robert Bollinger, founder of the company's Bollinger Motors unit, has provided Bollinger with $10 million in non-dilutive debt financing to support its production ramp-up and sale of the Bollinger B4 electric truck.The electric vehicle maker said Bollinger commenced full-scale production of the truck in September.Mullen shares were down 11% in recent trading.Price: 2.49, Change: -0.31, Percent Change: -11.04","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4099","MULN"],"gpt_icon":0},{"id":"2478435613","title":"Mullen Automotive Enhances Electric Truck Production with New Funding","url":"https://stock-news.laohu8.com/highlight/detail?id=2478435613","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2478435613?lang=en_us&edition=fundamental","pubTime":"2024-10-28 23:48","pubTimestamp":1730130529,"startTime":"0","endTime":"0","summary":"The latest update is out from Mullen Automotive ( ($MULN) ). Bollinger Motors, a subsidiary of Mullen Automotive, has secured $10 million in non-di...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/company-announcements/mullen-automotive-enhances-electric-truck-production-with-new-funding?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/company-announcements/mullen-automotive-enhances-electric-truck-production-with-new-funding?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["MULN","BK4099"],"gpt_icon":0},{"id":"2478488170","title":"Mullen Automotive Announces Robert Bollinger Provides Bollinger Motors $10M Financing","url":"https://stock-news.laohu8.com/highlight/detail?id=2478488170","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2478488170?lang=en_us&edition=fundamental","pubTime":"2024-10-28 21:00","pubTimestamp":1730120401,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241028:nTUA4PHDBX:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["MULN","BK4099"],"gpt_icon":0},{"id":"2478048870","title":"Mullen Automotive Announces Robert Bollinger Provides Bollinger Motors $10M Financing","url":"https://stock-news.laohu8.com/highlight/detail?id=2478048870","media":"GlobeNewswire","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2478048870?lang=en_us&edition=fundamental","pubTime":"2024-10-28 21:00","pubTimestamp":1730120400,"startTime":"0","endTime":"0","summary":"Founder’s financing to support Bollinger’s production ramp-up  and sale of the Bollinger B4, Class 4 EV truck. Robert Bollinger, Founder of Bollinger Motors, Celebrates B4 Production Launch. The first saleable units of the Bollinger B4, Class 4 all-electric truck rolled off the assembly line in September.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.globenewswire.com/news-release/2024/10/28/2970106/0/en/Mullen-Automotive-Announces-Robert-Bollinger-Provides-Bollinger-Motors-10M-Financing.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0181495838.USD","IE00BYTNYM70.SGD","BK4535","LU0164881194.USD","BK4588","BK4548","LU1102505929.USD","LU0143863784.USD","LU1868838027.USD","LU0823038988.USD","LU1868837722.USD","BK4207","LU0823039010.USD","MULN","LU0264410563.USD","BK4523","SG9999004220.SGD","IE00B0JY6M65.USD","BK4099","LU0143863198.USD","BK4585","LU0531971678.HKD","LU1102505762.USD","IE00B7N09G41.SGD","LU0828237940.HKD","LU0251143458.SGD","IBN","LU0066902890.USD","LU1868837565.USD"],"gpt_icon":1},{"id":"2476485106","title":"Mullen Automotive Meets Nasdaq Compliance and Targets $75M Revenue with Cost-Cutting Initiatives","url":"https://stock-news.laohu8.com/highlight/detail?id=2476485106","media":"GuruFocus.com","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2476485106?lang=en_us&edition=fundamental","pubTime":"2024-10-17 23:59","pubTimestamp":1729180767,"startTime":"0","endTime":"0","summary":"BREA, Calif. Embattled EV player Mullen Automotive  regained compliance with the Nasdaq's minimum bid price requirement, the company announced Thursday. The notice is a big relief for its investors, with the Southern California-based EV manufacturer, facing potential delisting risks.GuruFocus has detected 8 Warning Signs with MULN.In addition to the compliance news, Mullen is taking aggressive steps in slashing its expenses and building a more streamlined operation. The company is looking to execute a 20% reduction in headcount as it looks to eliminate passenger vehicle programs while consolidating facilities, in aiming for a monthly expense reduction of $5.5 million, from $12.8 million to $7.3 million. These measures are part of a broader effort to build on operational efficiency while focusing on near-term top-line generation.Mullen projects $75 million in GAAP revenue over the next six months from its commercial sales pipeline and pilot programs. The company recently completed over ","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/nsvAKqboxWVOlon_5CX8XQ--~B/aD0zNDAwO3c9NTEwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/us.finance.gurufocus/4643ea2d28d0f1b6fac44f5b5b71330e","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/nsvAKqboxWVOlon_5CX8XQ--~B/aD0zNDAwO3c9NTEwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/us.finance.gurufocus/4643ea2d28d0f1b6fac44f5b5b71330e"],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/mullen-automotive-meets-nasdaq-compliance-155927704.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["MULN","NDAQ",".IXIC"],"gpt_icon":1},{"id":"2476172454","title":"Mullen Automotive Regains Full Compliance With Nasdaq Listing Rules; Shares Rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2476172454","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2476172454?lang=en_us&edition=fundamental","pubTime":"2024-10-17 23:00","pubTimestamp":1729177240,"startTime":"0","endTime":"0","summary":"Mullen Automotive  said Thursday that the Nasdaq Stock Market notified the company that it is now in compliance with the exchange's minimum bid price requirement for continued listing.The electric vehicle maker said it is fully compliant with all listing requirements and its scheduled Nov. 14 hearing before a Nasdaq panel has been cancelled.The company's shares were up more than 4% in recent trading.Price: 2.38, Change: +0.10, Percent Change: +4.17","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4585","IE00B3QW5Z07.USD","NQmain","IE00BGHQF748.EUR",".IXIC","BK4112","LU2210150020.SGD","MULN","LU2095319765.USD","LU2210149790.SGD","BK4588","IE00BKPKM429.USD","BK4099","IE00B64PRP62.GBP","NDAQ"],"gpt_icon":0},{"id":"2476121881","title":"Mullen Regains Full Nasdaq Compliance","url":"https://stock-news.laohu8.com/highlight/detail?id=2476121881","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2476121881?lang=en_us&edition=fundamental","pubTime":"2024-10-17 21:00","pubTimestamp":1729170004,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241017:nTUABT0G7T:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4099","MULN"],"gpt_icon":0},{"id":"2475314606","title":"IBN Coverage: Mullen Automotive (NASDAQ: MULN) Announces Plans to Establish Mullen Credit Corporation to Support Dealers, Customers","url":"https://stock-news.laohu8.com/highlight/detail?id=2475314606","media":"NewMediaWire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2475314606?lang=en_us&edition=fundamental","pubTime":"2024-10-15 02:43","pubTimestamp":1728931410,"startTime":"0","endTime":"0","summary":"This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community.LOS ANGELES, CA -  - October 14, 2024 - Mullen Automotive , an emerging electric vehicle  manufacturer, today announced plans to establish Mullen Credit Corporation  as its wholly owned subsidiary. According to the announcement, MCC will offer vehicle floor planning, enabling the company's growing dealership network to finance inventory upfront and repay the loan plus interest once the vehicle is sold. MCC will also provide fleet and small business customers with attractive financing options.\"Our business is experiencing rapid growth, with projected sales for 2025 expected to increase significantly. Consequently, our financing needs have also evolved,\" said David Michery, Chairman and CEO. \"Mullen Credit Corporation will provide financing flexibility for our dealers and customers as we pursue accelerated growth and expand our market share.\". C","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/kvidMt1zVklJNe3eWDxgwA--~B/aD04MDA7dz0xNDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/newsmediawire_165/3b2dae398adc50fa8ccbc6113369f02c","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/kvidMt1zVklJNe3eWDxgwA--~B/aD04MDA7dz0xNDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/newsmediawire_165/3b2dae398adc50fa8ccbc6113369f02c"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/ibn-coverage-mullen-automotive-nasdaq-184330309.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["DBP","BK4588","TQQQ","NDAQ","IE00BGHQF748.EUR","LU2095319765.USD","LU2210149790.SGD","QID","IE00B0JY6M65.USD","LU0828237940.HKD","QLD","BK4535","BK4585","LU0143863784.USD","LU1102505929.USD","LU0181495838.USD",".IXIC","LU0066902890.USD","LU1868838027.USD","IE00BYTNYM70.SGD","LU0264410563.USD","LU0531971678.HKD","MNQmain","LU1868837565.USD","BK4099","BK4523","NQmain","IE00BKPKM429.USD","PSQ","IE00B3QW5Z07.USD","LU0164881194.USD","LU0251143458.SGD","BK4207","IE00B64PRP62.GBP","LU2210150020.SGD","LU0823039010.USD","SG9999004220.SGD","BK4112","LU0823038988.USD","LU1102505762.USD","SQQQ","IBN","LU1868837722.USD","CUBI","MULN","BK4548","IE00B7N09G41.SGD","LU0143863198.USD","BK4211"],"gpt_icon":1},{"id":"2475139778","title":"What's Going On With Mullen Automotive Shares Monday?","url":"https://stock-news.laohu8.com/highlight/detail?id=2475139778","media":"Benzinga","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2475139778?lang=en_us&edition=fundamental","pubTime":"2024-10-15 00:03","pubTimestamp":1728921807,"startTime":"0","endTime":"0","summary":"Mullen Automotive, Inc.  shares are trading higher on Monday. The company disclosed the establishment of Mullen Credit Corporation  to support its growing dealership network with vehicle floor planning.MCC, which will be a wholly owned subsidiary of Mullen Automotive, will offer attractive financing options for fleets and small business customers. Also, MCC will enable dealerships to finance inventory upfront, allowing them to repay the loan plus interest upon vehicle sale.Mullen’s commercial EV lineup includes the Class 1 Mullen ONE cargo van and Class 3 Mullen THREE cab chassis truck, both designed for urban last-mile delivery and fully compliant with U.S. safety and environmental standards.The dealer network now features partners like Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, providing sales and service across key markets in the West Coast, Midwest, Pacific Northwest, New England, and Mid-At","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/PT8yQ1iitbXjhuW0jx4o2A--~B/aD01NTM7dz05ODM7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/2c6e219cf0ed5a0593cd0e568dc0cc8e","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/PT8yQ1iitbXjhuW0jx4o2A--~B/aD01NTM7dz05ODM7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/2c6e219cf0ed5a0593cd0e568dc0cc8e"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/whats-going-mullen-automotive-shares-160327796.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4099","MULN"],"gpt_icon":0},{"id":"2475394537","title":"Mullen Automotive Creates New Financial Arm Amidst Deep Market Struggles","url":"https://stock-news.laohu8.com/highlight/detail?id=2475394537","media":"GuruFocus.com","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2475394537?lang=en_us&edition=fundamental","pubTime":"2024-10-14 23:36","pubTimestamp":1728920215,"startTime":"0","endTime":"0","summary":"IRVINE, Calif., Oct. 14, 2024 EV player Mullen Automotive  announced plans to build a new subsidiary in Mullen Credit Corporation  to enhance dealership support through vehicle floor planning. The move aims to facilitate the evolving demands of Mullen's fast-growing dealership network.GuruFocus has detected 8 Warning Signs with MULN.Moreover, in addition to the dealership support, MCC will offer financing options to fleets and small businesses, which should help substantially improve service capabilities. Also, as a wholly owned subsidiary, MCC effectively aligns with Mullen's goals in providing a more comprehensive financial infrastructure for its client base.The company has had a devastating year, with its stock nosediving by 99.85%. This sharp drop is mostly linked to the broader market challenges in the EV space and the company's failure to meet key promises. As a result, the stock is now trading in the distress zone, reflected by its Altman Z-score of -25.06. Additionally, the 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Automotive to Establish Unit to Provide Vehicle Floor Plan to Dealers; Shares Rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2475959603","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2475959603?lang=en_us&edition=fundamental","pubTime":"2024-10-14 22:51","pubTimestamp":1728917513,"startTime":"0","endTime":"0","summary":"Mullen Automotive  said Monday it will establish a new unit to provide a vehicle floor plan to dealers and financing options to fleets and small business customers.The Mullen Credit subsidiary will provide floor planning, enabling dealerships to finance inventory upfront and pay back the loan and interest when the vehicle is sold, the electric vehicle maker said.Mullen shares were up 5.2% in recent Monday trading.Price: 2.24, Change: +0.11, Percent Change: +5.16","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4099","MULN"],"gpt_icon":0},{"id":"2475364942","title":"Mullen Automotive announces it will establish MCC","url":"https://stock-news.laohu8.com/highlight/detail?id=2475364942","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2475364942?lang=en_us&edition=fundamental","pubTime":"2024-10-14 21:05","pubTimestamp":1728911149,"startTime":"0","endTime":"0","summary":"Mullen Automotive announces it will establish Mullen Credit Corporation, MCC, aimed at supporting its expanding dealership network with vehicle 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