Mullen AutomotiveNASDAQ: MULN

Mullen Automotive (NASDAQ: MULN ) stock is in the news Friday after the electric vehicle (EV) company sold 80 of its B4 trucks to Momentum Groups. This sale is through Bollinger Motors but the order hasn't been filled just yet.

Agreement Creates Innovative Mobile Charging Solution,  Electric Vehicle Option for Fleet Owners and Managers OAK PARK, Mich., June 13, 2024 /PRNewswire/ --  Bollinger Motors , Inc., an electric commercial vehicle ("EV") manufacturer, today announced it has reached an agreement to sell 80 all-electric Class 4 commercial trucks to Momentum, a leader in fleet management and EV charging solutions.

Although circumstances have not been favorable to upstart electric vehicle (EV) manufacturer Mullen Automotive (NASDAQ: MULN ), the company continues to make its best efforts. In the latest development, management signed a franchise agreement with Eco Auto, a dealership located in Boston, Massachusetts, that's focused on EVs.

Mullen Automotive (NASDAQ: MULN) stock price has remained under intense pressure as concerns about the company and the electric vehicle industry continued. It plunged by more than 12% on Monday even as other meme companies like GameStop and AMC Entertainment surged.

Mullen Automotive (NASDAQ: MULN ) stock is on the move Friday after the company announced a new distribution partner for its electric vehicles (EV) in the Balkans Region. Mullen Automotive is teaming up with GAMA as one of its new distributors in Europe.

Mullen Automotive Inc. saw its stock rise on Tuesday following news of new financing agreements that provide enough cash to sustain its operations for over a year.

Mullen Automotive (NASDAQ: MULN) stock surged more than 30% following the announcement that the company had implemented a poison pill plan to prevent a potential hostile takeover.

Mullen Automotive (NASDAQ: MULN) stock is surging on Monday following California's approval of the company's 2024 Mullen Three for the state's HVIP program, allowing buyers of the EV to receive cash vouchers worth up to $45,000.

Mullen Automotive, a rising electric vehicle maker, has received certification from the California Air Resources Board for its 2025 Mullen THREE Class 3 all-electric low cab forward chassis truck. This certification, given to companies that meet certain emissions standards, complies with CARB regulations followed by 14 states, such as California.