Is Mullen automotive stock down this year?

Any Mullen Automotive stock forecast must consider how the company has been performing – and the news is that the MULN stock price has been down this year. At the start of 2022, the share price stood at $2.81. Since then it’s fallen almost 95% to $0.30, as of market close on 7 October 2022.

What is Mullen automotive?

MULN is an EV manufacturer based in Southern California that owns and partners with several businesses in working towards the goal of clean and scalable energy solutions. Mullen Automotive went public on 5 November 2021 and trades on the Nasdaq Stock Exchange under the ‘MULN’ stock ticker.

What is Mullen's market capitalization?

The first is Mullen's market capitalization, which at the moment sits around $400 million. (As of Mar. 31, the company had 284.8 million common shares outstanding, along with 11.3 million shares of preferred stock convertible on a 1-to-1 basis.)

How much does a Mullen 5 eV cost?

“The road ahead has never been brighter for Mullen and I am proud to lead us into the future,” he said. Looking ahead, the Mullen FIVE sport utility EV is expected to be in production by the second quarter of 2024. It will have a starting price of $55,000.