Mullen Automotive, Inc. (MULN)
NASDAQ (CM) NASDAQ (CM) Primary Summary
MULN Chart
MULN Stock Alert: Why Are Mullen Shares Surging Today?
Yesterday, Mullen Automotive (NASDAQ: MULN ) finished trading at less than $1 per share at close of markets. Many stocks took significant losses that day but for Mullen, this type of performance is particularly concerning.
MULN Stock Alert: Mullen Plummets Below $1 Amid Market Rout
Last Friday, Mullen Automotive (NASDAQ: MULN ) stock closed below $1. That poses a significant problem for the electric vehicle (EV) company, as it will receive a deficiency notice if its shares close below $1 for 30 consecutive business days.
MULN Stock Flirts with $1 as Mullen Files to Resell Up to 85 Million Shares
Shares of Mullen Automotive (NASDAQ: MULN ) are once again near the pivotal $1 level. This comes despite the company enacting three reverse stock splits in 2023 — 1-for-25, 1-for-9 and 1-for-100.
Mullen Automotive, Inc. (MULN) FAQ
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Mullen Automotive, Inc. Profile
| Automobiles Industry | Consumer Discretionary Sector | David Michery CEO | NASDAQ (CM) Exchange | 62526P802 CUSIP |
| US Country | 388 Employees | - Last Dividend | 22 Sep 2025 Last Split | 17 Oct 2008 IPO Date |
Overview
Mullen Automotive, Inc. is a forward-thinking electric vehicle (EV) company based in Brea, California. It is engaged in the manufacturing, selling, and distributing of electric vehicles. With a focus on innovation and sustainability, Mullen Automotive strives to contribute to the shifting automotive landscape by providing advanced electric mobility solutions. The company’s operations encompass both the passenger and commercial vehicle markets, highlighting its broad approach to electrification.
Products and Services
- Passenger Electric Vehicles
Mullen Automotive offers a range of passenger electric vehicles designed for the modern consumer who values sustainability, performance, and style. These vehicles are equipped with the latest EV technology to ensure efficiency, safety, and a superior driving experience. The company’s lineup aims to cater to a wide array of preferences and needs, offering something for every type of driver interested in making the transition to electric mobility.
- Commercial Vehicles
Recognizing the significant impact of commercial transportation on carbon emissions, Mullen Automotive extends its electric vehicle technology to the commercial sector. This includes a variety of electric commercial vehicles engineered to meet the demands of businesses looking to reduce their environmental footprint while maintaining operational efficiency. These vehicles are designed to cater to various commercial needs, offering solutions that range from light cargo transport to larger freight requirements.
- Solid-State Polymer Battery Technology
At the core of Mullen Automotive's innovation efforts is its solid-state polymer battery technology. A leap forward in EV battery technology, solid-state batteries offer several advantages over traditional lithium-ion batteries, including higher energy density, faster charging times, and increased safety. Mullen’s investment in this technology underscores its commitment to advancing EV capabilities and driving the future of electric transportation.
