An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

General and administrative

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Impairment of property, plant, and equipment, and other non-current assets

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Impairment of right-of-use assets

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Mullen Automotive

Mullen Automotive Inc. is a southern California-based electric vehicle company, which engages in the manufacture of passenger electric vehicles and commercial vehicles. The company was founded on April 20, 2010 and is headquartered in Brea, CA.

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Mullen Automotive Inc. operates as an electric vehicle company, which engages in the manufacture of passenger electric vehicles and commercial vehicles. It operates through the Bollinger and Mullen/ELMS segments. The company was founded by David Michery on April 20, 2010 and is headquartered in Brea, CA.

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Bit Brother (BETS), Phunware (PHUN), and Mullen Automotive (MULN) are troubled companies whose stocks have plunged by over 90% from their all-time highs. They are penny stocks with little institutional investor ownership.

Here's why PHUN, BETS, and MULN stocks are so popular

I'll admit it. I've been hard on electric vehicle (EV) manufacturer Mullen Automotive (NASDAQ: MULN ).

Overdone! The Mullen Stock Beatdown Ought to End Soon.

Mullen Automotive (NASDAQ: MULN ) stock is in focus after the company announced that the IRS had approved Bollinger Motor as a “qualified manufacturer” for its Bollinger B4 chassis cab to receive clean vehicle credits under the Inflation Reduction Act of 2022. This means that eligible buyers of the B4, which can include businesses and tax-exempt organizations, can receive a tax credit of up to $40,000 per vehicle.

Mullen's Bollinger Motors Just Qualified for a $40,000 Commercial EV Tax Credit

The share price of Mullen Automotive NASDAQ: MULN is gaining traction, and it may be on track for a reversal, but the market has given no signal to that effect. At this point, investors holding since 2022 have lost an effective 100% of their position, creating a significant overhang for the market compounded by a still-high 16% short interest.

Mullen Automotive stock gains traction, can it reverse course?

In August 2023, Rolls-Royce unveiled the Droptail, the most expensive production vehicle in the world. According to industry estimates, the four vehicles produced will cost roughly $28 million each.

The $40 Million EV: How Mullen Lost $1 Billion

DETROIT , Feb. 6, 2024 /PRNewswire/ -- Bollinger Motors, Inc., an electric vehicle ("EV") manufacturer, today announced it has received IRS approval as a "qualified manufacturer" for clean vehicle credits under the Inflation Reduction Act of 2022 (the "IRA").  This designation enables the Bollinger B4 chassis cab to qualify for the IRA's new credit for qualified commercial clean vehicles, providing eligible purchasers a tax credit of up to $40,000 per vehicle.

BOLLINGER MOTORS RECEIVES IRS APPROVAL FOR $40,000 COMMERCIAL EV FEDERAL TAX CREDIT

The company anticipates deliveries of the Bollinger B4 chassis cab to begin in the second half of 2024 The company anticipates deliveries of the Bollinger B4 chassis cab to begin in the second half of 2024

Mullen Announces Bollinger Motors Receives IRS Approval for $40,000 Commercial EV Tax Credit

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There are increasing signs that the electric vehicle bubble has popped as stocks of companies, big and small, crash. Taken together, EV investors have lost over 1 trillion in the past few years, with Tesla leading the way.

As the EV bubble pops, beware of these stocks: Nikola, FFIE, MULN

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Let's face reality – the very concept of struggling stocks to sell is an ugly one. In many ways, the loyalty to the enterprises in our portfolio is understandable.

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The electric vehicle (EV) market is still recovering from a highly volatile year. 2023 saw many of the sector's leaders battle severe headwinds as macroeconomic conditions pushed EV stocks down.

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Company is focused on the commercial EV space while reducing reliance on foreign-made battery components Company is focused on the commercial EV space while reducing reliance on foreign-made battery components

Mullen Is Making Great Strides in the Commercial EV Segment and Development of US-Made Battery Capabilities

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Company has invoiced $17,318,000.00 to date for commercial vehicles Mullen Commercial is first-to-market with Class 1 EV cargo vans and Class 3 EV trucks;  positive gross margin on vehicles invoiced BREA, Calif., Feb. 01, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc.

Mullen Capitalizes on First-Mover Advantage in Class 1 EV Cargo Vans and Class 3 EV Trucks

Emerging electric vehicle (EV) manufacturer Mullen Automotive (NASDAQ: MULN ) continues to march forward despite myriad challenges. On Monday, the company announced a key commercial EV milestone with its all-electric Class 3 low cab forward chassis truck.

MULN Stock Alert: Mullen Three EV Receives CARB Certification

Grupo Cavel to Purchase Mullen CAMPUS EV Cargo Vans for Its Electric Motors Dealerships Grupo Cavel to Purchase Mullen CAMPUS EV Cargo Vans for Its Electric Motors Dealerships

Mullen Opens Dominican Republic and Caribbean Markets for Commercial EVs

Certification opens the Mullen THREE EV truck with a suggested MSRP of $68,500.00 to important state incentive programs; including opportunity with California's HVIP project, which offers a rebate of up to $45,000.00 and, when combined with $7,500.00 federal tax credit, equals a net effective cost of less than $20,000.00 for the Mullen THREE

The Mullen THREE, Class 3 EV Truck Now CARB Certified and Ready for Sale in All CARB States and District of Columbia

Mullen Automotive (NASDAQ: MULN ) stock will continue to trade on the Nasdaq, as the electric vehicle (EV) company has announced that it has regained compliance with Nasdaq's minimum bid price requirement of $1. The company regained compliance after initiating a 1-for-100 reverse stock split and having a closing price of at least $1 for 20 consecutive trading days.

MULN Stock Alert: Mullen Regains Nasdaq Minimum Bid Price Compliance

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As the market shakes out, it's time to consider which EV stocks to avoid. It's no secret that 2023 was an incredibly tough year for the electric vehicle industry.

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Mullen will continue to be listed and traded on The Nasdaq Capital Market Mullen will continue to be listed and traded on The Nasdaq Capital Market

Mullen Automotive Regains Compliance with Nasdaq Minimum Bid Price Requirement

Lucid Group

As governments globally endorse and incentivise the adoption of electric vehicles, there is some big money to be made in the industry. Therefore, it's not surprising that dozens of new companies have emerged globally with focus on EVs.

3 Electric Vehicle Stocks to Sell as the Competition Heats Up in 2024

Mullen Automotive (NASDAQ: MULN ) stock is back in the spotlight after the electric vehicle (EV) company announced that it had delivered another 130 ONE Class 1 cargo vans to Randy Marion Automotive Group (RMA). The company has invoiced the dealership $4.37 million for the delivery.

MULN Stock: Mullen Delivers 130 New EVs to Randy Marion

To date, Mullen has invoiced RMA $7,736,150.00 for Class 1 cargo vans To date, Mullen has invoiced RMA $7,736,150.00 for Class 1 cargo vans

Mullen Invoices and Delivers 130 Additional Class 1 EV Cargo Vans to Randy Marion Automotive Group for $4,372,550.00

Shares of Mullen Automotive (NASDAQ: MULN ) are down by about 10% today, despite the electric vehicle company providing an update on Bollinger Motors. Mullen acquired a 60% controlling interest in Bollinger back in September 2022 for $148.2 million in stock and cash.

MULN Stock Alert: Mullen Announces $6 Million in Orders for the B4

100% American made Bollinger B4 start of production is scheduled for mid-2024 B4 production in collaboration with Roush Industries in Michigan BREA, Calif., Jan. 19, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today Bollinger Motors (“Bollinger”) has received vehicle orders for 40 B4, Class 4 EV trucks.

Mullen Announces Bollinger Motors Receives Vehicle Orders for 40 B4, Class 4 EV Trucks; Valued at Approximately $6 Million

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Electric vehicle companies are having a bad year, with most of them falling by double digits. Tesla has slumped by more than 14% while Fisker is down by over 50% this year alone.

News for Mullen Automotive Stock (MULN)