About Mullen Automotive, Inc. - Common Stock (MULN)
Mullen Automotive, Inc. is an electric vehicle manufacturer focused on designing and producing innovative electric cars and commercial vehicles aimed at enhancing sustainable transportation. The company is committed to developing advanced battery technologies and integrating cutting-edge features in their vehicles, while also emphasizing performance, design, and user experience. Mullen Automotive aims to capture a significant share of the rapidly growing electric vehicle market through its diverse lineup of vehicles, which includes both consumer-oriented models and fleet solutions for businesses. Read More
As the regular session of the US market concludes on Monday, let's get an insight into the after-hours session and identify the stocks leading the pack in terms of gains and losses.
Get a pulse on the US markets on Monday by checking out the most active stocks in today's session. Discover the stocks that are leading the way in terms of trading volume and market activity.
Mullen Automotive's stock has plunged 95% in the last 30 days due to widening losses, investor concerns, and slow growth in the EV market. It also faces legal challenges and production hurdles. The company announced plans to accept Bitcoin and TRUMP Coin for EV purchases and will relaunch its FIVE RS EV Crossover in Germany.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Thursday. Below you can find the top gainers and losers in today's session.
The U.S. Senate is thinking of scrapping federal electric vehicle incentives much earlier than the Trump administration had originally planned. First put in place by the Biden administration, these federal EV incentives have been critical to boosting electric vehicle sales in the country. Similar incentives have also been key to boosting electric vehicle adoption in other major markets like China and the European Union.
China’s accelerated deployment of renewable energy and supportive infrastructure is a major wake-up call for the United States. Although China is now the largest greenhouse gas emitter on the globe, the U.S. is, historically, the most prolific polluter and is still responsible for a large portion of the world’s greenhouse gas emissions.
The World Economic Forum (WEF) says renewable energy solutions like wind, solar, and hydropower have the potential to do more than generate clean energy . In a blog that was recently published as part of its Annual Meeting of the New Champions, the non-governmental organization outlined how green energy solutions could be used to both generate renewable energy and protect air, water, and land quality.
General Motors could soon achieve a feat that has eluded American automakers for well over a decade: surpassing Tesla’s electric vehicle sales . Tesla pioneered mass battery electric vehicle (BEV) production and has remained the top BEV producer on the globe for over a decade, beating established automakers that had been around for decades. However, a confluence of factors that have significantly damaged Tesla’s branding and impacted its sales may allow carmakers like Ford to catch up to and even surpass the Texas-based electric vehicle firm.
Mullen Automotive (NASDAQ: MULN), an electric vehicle manufacturer, announced it is now accepting cryptocurrency—including Bitcoin and the $TRUMP meme coin—for purchases of Mullen and Bollinger commercial EVs. One of the few automakers to offer crypto payments, Mullen is also exploring the addition of other meme and stablecoins. The move broadens access to its U.S. safety- and emissions-certified EV lineup, including the Mullen ONE van, Mullen THREE truck, and Bollinger B4 chassis cab, which offers a 185-mile range and 7,325-pound payload capacity.
cryptocurrency—including Bitcoin and the $TRUMP meme coin—for purchases of Mullen and Bollinger commercial EVs. One of the few automakers to offer crypto payments, Mullen is also exploring the addition of other meme and stablecoins. The move broadens access to its U.S. safety- and emissions-certified EV lineup, including the Mullen ONE van, Mullen THREE truck, and Bollinger B4 chassis cab, which offers a 185-mile range and 7,325-pound payload capacity.
