News Archives - Page 2 of 49 - Green Car Stocks

ThursdayFeb 27, 2025 12:00 pm

GreenCarNewsBreaks – Tesla Inc. (NASDAQ: TSLA) Market Cap Drops Below $1 Trillion as Stock Declines on Weak European Sales

Tesla (NASDAQ: TSLA) has experienced a significant decline in its market capitalization, falling below the $1 trillion mark for the first time since November 2024. This downturn is primarily due to a substantial 45% drop in European sales in January, where Tesla sold 9,945 vehicles compared to 18,090 in the same period last year. This decline starkly contrasts with the overall 37.3% increase in electric vehicle sales across Europe during the same timeframe. Additionally, CEO Elon Musk's involvement with the Trump administration's Department of Government Efficiency ("DOGE") has sparked protests and raised concerns about potential damage to Tesla's brand image,…

ThursdayFeb 27, 2025 10:20 am

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Delivers Mullen ONE EV Cargo Van to Orange County, North Carolina

Mullen Automotive (NASDAQ: MULN) announced the purchase and delivery of its Mullen ONE Class 1 EV cargo van to Orange County, North Carolina, for deployment by the county’s Solid Waste Management Department. The order, fulfilled by National Auto Fleet Group, supports Orange County’s Climate Action Plan to transition its fleet to all-electric by 2025. Mullen’s commercial EVs, including the Mullen ONE and Mullen THREE, are available for purchase under Sourcewell’s contract, offering sustainable solutions for government agencies nationwide. To view the full press release, visit https://ibn.fm/QOEzS About Mullen Automotive Inc. Mullen Automotive is a Southern California-based automotive company building the…

WednesdayFeb 26, 2025 10:30 am

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Joins Sourcewell Contract for Government EV Purchases

Mullen Automotive (NASDAQ: MULN), an electric vehicle manufacturer, announced that its all-electric commercial vehicles, the Mullen ONE Class 1 EV cargo van and Mullen THREE Class 3 EV cab chassis truck, have been added to National Auto Fleet Group’s (NAFG) Sourcewell contract. This approval allows government agencies and educational institutions to purchase Mullen’s commercial EVs through NAFG without lengthy bidding procedures. Sourcewell, a government agency that streamlines procurement, offers competitively solicited contracts, making fleet acquisition more efficient. NAFG, a California-based dealer, is also an approved California Air Resource Board (“CARB”) HVIP dealer, enabling significant incentives on the Mullen THREE, including…

ThursdayFeb 20, 2025 1:47 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Partners With EO Charging to Support Bollinger Motors’ Fleet Electrification

Mullen Automotive (NASDAQ: MULN) announced a strategic partnership with EO Charging to provide comprehensive electrification solutions for Bollinger Motors' commercial fleet customers. EO Charging will offer charger installation, 24/7 support, and its advanced EO Cloud management system, ensuring over 99% uptime. This collaboration enhances the Bollinger B4’s market readiness by integrating proven charging infrastructure, supporting fleet operators in a seamless transition to electric vehicles. Bollinger Motors, which began delivering its Class 4 Bollinger B4 in October, continues expanding its dealer network and regulatory achievements. To view the full press release, visit https://ibn.fm/stxOh About Mullen Automotive Inc. Mullen Automotive is a Southern…

ThursdayFeb 20, 2025 11:25 am

GreenCarNewsBreaks – Tesla Inc. (NASDAQ: TSLA) Stock Surges as Musk Envisions $2 Trillion Valuation

Tesla (NASDAQ: TSLA) has experienced a notable stock surge following CEO Elon Musk's ambitious projection of the company's market valuation reaching $2 trillion. This optimistic outlook is bolstered by Tesla's advancements in autonomous driving technology and energy solutions, positioning the company for significant growth in the coming years. As of 9:45 a.m. EST on February 20, 2025, Tesla's stock is trading at $353.82, with an intraday high of $364.05 and a low of $353.80. To view the full article, visit https://ibn.fm/iqQtU About Tesla Inc. Tesla's mission is to accelerate the world's transition to sustainable energy. Today, Tesla builds not only…

WednesdayFeb 19, 2025 10:16 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports Record Quarterly Revenue, Expands EV Sales and Battery Production

Mullen Automotive (NASDAQ: MULN) reported its strongest quarter to date, invoicing over $4.4 million and receiving $6 million for vehicle deliveries in Q1 FY2025. The company highlighted growth in its commercial EV segment, with new sales across multiple industries, including home services, floral, and coffee distribution. Bollinger Motors delivered 20 Class 4 B4 trucks, generating $2.8 million in revenue, while expanding its sales and service network to over 50 locations. Mullen also advanced its U.S. battery production capabilities with three new battery lines and a $55 million DOE funding request. Despite these developments, the company reported a net loss of…

WednesdayFeb 19, 2025 9:45 am

GreenCarNewsBreaks – Tesla Inc. (NASDAQ: TSLA) Stock Rises After Musk and Trump Discuss Conflicts of Interest on Fox News

Tesla (NASDAQ: TSLA) shares experienced a slight uptick following a Fox News interview featuring CEO Elon Musk and President Donald Trump, moderated by Sean Hannity. The discussion centered on potential conflicts of interest, particularly Musk's leadership of the Department of Government Efficiency (DOGE). Despite concerns over political entanglements and recent debates about electric vehicle tax credits, investor sentiment toward Tesla remains stable. As of 7:44 AM EST on February 19, 2025, Tesla's stock is trading at $354.11, reflecting a slight decrease of $1.73 (0.49%) from the previous close. To view the full article, visit https://ibn.fm/Nzj3s About Tesla Inc. Tesla Inc.…

ThursdayFeb 13, 2025 1:18 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces 1-for-60 Reverse Stock Split to Maintain Nasdaq Listing

Mullen Automotive (NASDAQ: MULN), an electric vehicle manufacturer, announced a 1-for-60 reverse stock split of its common stock, set to take effect Feb. 18, 2025, at 12:01 a.m. Eastern. The move aims to help the company regain compliance with Nasdaq’s $1.00 minimum bid price requirement. Mullen’s stock will continue trading under the existing symbol MULN on a split-adjusted basis when markets open that day. Stockholders approved the reverse split at a Jan. 31 special meeting, authorizing a range between 1-for-2 and 1-for-100, with the board finalizing the 1-for-60 ratio. No fractional shares will be issued, and holdings will be rounded…

ThursdayFeb 13, 2025 10:30 am

GreenCarNewsBreaks – Tesla Inc. (NASDAQ: TSLA) Secures $400 Million U.S. Government Contract for Armored Electric Vehicles

Tesla (NASDAQ: TSLA) has secured a $400 million contract with the U.S. Department of State to supply armored electric vehicles, according to The Telegraph. The deal is part of the government's push to modernize its fleet with advanced, sustainable technology. The contract spans five years, with deliveries set to begin later this year. As of Feb. 13, 2025, Tesla's stock is trading at $336.51, up $7.98 (2.43%) from the previous close. To view the full article, visit https://ibn.fm/3wbdB About Tesla Tesla's mission is to accelerate the world's transition to sustainable energy through increasingly affordable electric vehicles and energy products. Founded…

TuesdayFeb 11, 2025 9:10 am

GreenCarNewsBreaks – Tesla Inc. (NASDAQ: TSLA) Stock Target Cut as Analyst Cites CEO’s Political Risks

Tesla (NASDAQ: TSLA) saw its price target reduced from $492 to $474 by Stifel analyst Stephen Gengaro, who maintained a “Buy” rating despite concerns over CEO Elon Musk’s political activities. Gengaro noted that while Tesla’s long-term vision includes a lower-priced vehicle and advancements in autonomous driving and robotics, consumer sentiment and sales could be impacted by Musk’s increasing political involvement. As of the latest trading session, Tesla’s stock closed at $350.73, marking a 3% decline for the day. Over the past week, the stock has dropped approximately 10%. To view the full article, visit https://ibn.fm/A4hgD About Tesla Tesla, Inc. is an American…

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