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Mullen Drops 26% After Q1 Results - Orange County Business Journal

Summary by ocbj.com
Shares of Mullen Automotive Inc. (Nasdaq: MULN) dropped 26% to $7.32 each after the Brea-based commercial EV maker reported fiscal first-quarter results. Mullen reported revenue of $2.9 million for the quarter, mostly from sales from its Bollinger Motors unit. It has a current market cap of $7 million.   The company in October promised it would generate $75 million in sales for the six-month period ending in March. The company said it’s reducing…
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Mullen Drops 26% After Q1 Results - Orange County Business Journal

Shares of Mullen Automotive Inc. (Nasdaq: MULN) dropped 26% to $7.32 each after the Brea-based commercial EV maker reported fiscal first-quarter results. Mullen reported revenue of $2.9 million for the quarter, mostly from sales from its Bollinger Motors unit. It has a current market cap of $7 million.   The company in October promised it would generate $75 million in sales for the six-month period ending in March. The company said it’s reducing…

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ocbj.com broke the news in on Wednesday, February 19, 2025.
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