Mullen Automotive is a company that makes electric vehicles. They have a special truck called the B4 Chassis Cab. The truck was recently delivered to a company called Nacarato Truck Centers. This delivery was very important for Mullen Automotive because it helped them make a lot of money, about $800,000.

This truck is very special because it can qualify for a tax credit under a new law called the Inflation Reduction Act. This means that people who buy the truck can get a discount of up to $40,000. This is good news for Mullen Automotive because it could help them sell more trucks.

Mullen Automotive is expected to make a lot more money in the next few months. They think they will make about $4.5 million in revenue. This is a big increase compared to the last few months. The stock price of Mullen Automotive went down a little bit after this announcement, but they are still hopeful that their business will do well.

Overall, this is a good news story for Mullen Automotive because they are starting to make money from selling their electric vehicles. Read from source...

1. The article mentions that Mullen Automotive's Bollinger Motors delivered five 2025 B4 Chassis Cabs to Nacarato Truck Centers, generating $800,000 in revenue. This seems positive news for the company. However, the article then quotes that MULN stock has lost over 99% in the past year, which creates a confusing and negative narrative.

2. The article states that the revenue from this delivery will be recognized for the three months ending September 30, with payment received via wire transfer. It also mentions that Nacarato Truck Centers plans to sell four of the vehicles to commercial fleet customers while using one for internal parts deliveries across its 13 locations in the East, Southeast, and Midwest. This section seems factually correct but lacks any personal or emotional perspective.

3. The article quotes that the 2025 Bollinger B4 Chassis Cab will have a Manufacturers Suggested Retail Price of $158,758. In addition, Bollinger Motors qualified for federal clean vehicle tax credits under the Inflation Reduction Act of $40,000 per vehicle for the B4 chassis cab. This information seems correct but is presented in a way that does not evoke any emotional response or create any controversy or discussion.

4. The article also quotes that according to Benzinga Pro, MULN stock has lost over 99% in the past year. This is a negative piece of information and could potentially be used to criticize the company or the stock. However, the article does not delve deeper into this issue or provide any context or explanation for the significant stock price drop.

5. The article ends by stating that the company said it expects to report $4.5 million in revenue for the quarter ending September 30, 2024, a significant increase of 6,791% compared to the $65,235 reported for the quarter ending June 30. This is presented as positive news for the company, but again, the article does not delve deeper into this issue or provide any context or explanation for the sudden increase in revenue.

In summary, the article lacks any personal or emotional perspective, lacks depth, and does not delve deeper into any of the issues it raises. It presents information in a neutral and matter-of-fact manner, which does not create any controversy or discussion.

Positive

Date of publication: 10/03/2024

The article focuses on the successful delivery of Bollinger B4 Chassis Cabs by Mullen Automotive's subsidiary, Bollinger Motors. The delivery generated $800,000 in revenue for the company, marking an important milestone. Furthermore, the company anticipates reporting $4.5 million in revenue for the quarter ending September 30, a significant increase from the previous quarter. This positive news is likely to have a positive impact on the stock's performance.

Overall, the sentiment in the article is positive. The successful delivery of the Bollinger B4 Chassis Cabs and the anticipated increase in revenue show a positive outlook for Mullen Automotive. However, it's important to consider that the company's stock has lost over 99% in the past year, as mentioned in the article, which could potentially influence the stock's performance in the future.

Based on the article, "What's Going On With Mullen Automotive Stock Thursday?", there are several factors to consider before investing in Mullen Automotive, Inc. (MULN).

1. Financial performance: The company is expecting to report $4.5 million in revenue for the quarter ending September 30, 2024, which would be a significant increase of 6,791% compared to the $65,235 reported for the quarter ending June 30. However, it's essential to wait for the official financial report to determine the accuracy of these estimates and their potential impact on the stock.

2. Business developments: The delivery of five 2025 Bollinger B4 Chassis Cabs to Nacarato Truck Centers, generating $800,000 in revenue, demonstrates progress in the company's product delivery and sales. The vehicles will be sold to commercial fleet customers and used internally for parts deliveries across 13 locations. This development could be seen as positive for the company.

3. Market sentiment: MULN stock has lost over 99% in the past year. The stock price is currently trading lower by 8% to $2.53 at last check Thursday. This indicates a bearish market sentiment towards the company, which could influence the stock's short-term performance.

4. Risk factors: The company's revenue is heavily reliant on the success of its B4 Chassis Cabs and the ability to maintain positive customer feedback and sales. Additionally, the company's dependency on the government's Inflation Reduction Act for tax credits introduces uncertainty regarding the sustainability of these benefits.

Investment Recommendations:

Considering the above factors, it is recommended to exercise caution when investing in Mullen Automotive, Inc. (MULN). While the company's recent developments and anticipated revenue increase may appear promising, the stock's significant decline over the past year and bearish market sentiment warrant careful consideration.

For those interested in investing in the automotive sector, it may be worth researching and comparing other companies with more stable financials and market performance.

Remember, investing always carries risks, and it is essential to conduct thorough research and consult with a financial advisor before making investment decisions.