Mullen Automotive (MULN) announces a commercial vehicle sales update since Sept. 30, 2024, with a total of 100 Class 1 and Class 3 EV cargo vans and trucks sold for sales totaling $5.5M. The Company has also significantly reduced its monthly burn from $16.8M in August 2024 to $11.8M in September 2024 and to $5.3M in October and November 2024. Mullen is in continued discussions with government agencies, universities and large fleets to expand adoption of EV vehicles across America. The total of 100 all-electric vehicles sold since Sept. 30, 2024, includes 57 Class 3 and 43 Class 1 EV cargo vans and trucks.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MULN:
- Bollinger Motors: B4 trucks generate over $4M in post-production launch sales
- Mullen subsidiary adds Bergey’s Truck Centers to sales, service network
- Mullen Automotive’s Bollinger Motors partners with Broadway Ford Truck Center
- Mullen Automotive announces commercial EV order from Associated Coffee
- Mullen Automotive’s Bollinger Motors announces follow-on order from TEC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
