GreenCarNewsBreaks Archive - Green Car Stocks

MondayApr 14, 2025 9:50 am

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Secures EV Van Sale to Global Expert Shipping

Mullen Automotive (NASDAQ: MULN), an electric vehicle manufacturer, announced the sale of its all-electric Mullen ONE Class 1 cargo van to Global Expert Shipping, a Glendale, California-based international freight forwarding company. The sale, facilitated through Mullen’s dealership partner Pritchard Automotive, marks the beginning of a broader order pipeline as Global Expert integrates Mullen’s EVs into its fleet to lower emissions and operational costs. Mullen’s commercial EV lineup, including the Mullen ONE and Class 3 Mullen THREE truck, is fully compliant with U.S. safety and emissions standards. To view the full press release, visit https://ibn.fm/OjyVU About Mullen Automotive Inc. Mullen Automotive…

ThursdayApr 10, 2025 8:40 am

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Partners With Enpower Greentech to Produce Solid-State Batteries in California

Mullen Automotive (NASDAQ: MULN) has signed a Partnership and Supply Agreement with Enpower Greentech Inc. to manufacture and deliver SWIFT Series semi solid-state batteries ("SSB") for use in commercial vehicles and various industrial applications. Production will take place at Mullen’s Battery Center in Fullerton, California, with full-scale manufacturing targeted for early 2026. The collaboration supports Mullen’s strategy to domestically produce high-performance battery solutions while mitigating tariff impacts and supply chain risks. To view the full press release, visit https://ibn.fm/vOxJN About Mullen Automotive Inc. Mullen Automotive is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”)…

WednesdayApr 09, 2025 12:08 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) to Enact 1-for-100 Reverse Stock Split on April 11

Mullen Automotive (NASDAQ: MULN) will implement a 1-for-100 reverse stock split effective April 11, 2025, aiming to regain compliance with Nasdaq’s $1.00 minimum bid price requirement. Post-split, Mullen’s common stock will continue to trade under the ticker MULN, with a new CUSIP of 62526P703. The move, approved by shareholders in March, will reduce the number of outstanding shares from approximately 220 million to 2.2 million and apply proportionate adjustments to equity instruments. No fractional shares will be issued, with all such holdings rounded up. To view the full press release, visit https://ibn.fm/HLfQI About Mullen Automotive Inc. Mullen Automotive is a…

ThursdayApr 03, 2025 9:30 am

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Highlights U.S. Assembly and Tariff Exempt Status for EV Lineup

Mullen Automotive (NASDAQ: MULN) announced that its Mullen and Bollinger commercial electric vehicles are fully assembled in the United States and exempt from recently announced tariffs on vehicles and components. With 67% and 71% of components sourced domestically for Mullen and Bollinger respectively, the company emphasizes its commitment to U.S. manufacturing and supply chain stability. Mullen’s lineup includes the Mullen ONE and Mullen THREE, while Bollinger offers the B4 chassis cab, which began deliveries in October 2024. To view the full press release, visit https://ibn.fm/o8LcX About Mullen Automotive Inc. Mullen Automotive is a Southern California-based automotive company building the next…

MondayMar 31, 2025 10:30 am

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Defeats Motion to Dismiss in Spoofing Lawsuit

Mullen Automotive (NASDAQ: MULN), an electric vehicle manufacturer, announced a key legal victory after a federal court denied a motion to dismiss its spoofing lawsuit against IMC Financial Markets, Clear Street Markets LLC, UBS Securities LLC, and others. The lawsuit alleges that defendants used high-frequency algorithmic trading tactics—including “Baiting Orders”—to manipulate Mullen’s stock price between Nov. 2021 and Nov. 2023. The court found sufficient evidence that defendants placed and canceled large volumes of sell orders to artificially depress prices, harming Mullen and its shareholders. The case will now proceed to discovery. To view the full press release, visit https://ibn.fm/auklQ About…

ThursdayMar 27, 2025 10:53 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Posts Record Revenue, Plans Cost Cuts and Staff Reductions

Mullen Automotive (NASDAQ: MULN) reported record GAAP revenue of $3.18 million for the quarter ending March 31, 2025, as the electric vehicle maker intensifies its focus on cost reduction and commercial sales growth. The company will implement further staff reductions, lease eliminations and operational consolidations starting in April. Mullen is also prioritizing advancements in its battery cell and pack technologies while continuing to sell its Class 1 Mullen ONE cargo van and Class 3 Mullen THREE cab chassis truck, both fully certified for U.S. and California emissions standards. Deliveries of Bollinger’s Class 4 B4 Chassis Cab began in October. To…

WednesdayMar 26, 2025 10:35 am

GreenCarNewsBreaks – Tesla Inc. (NASDAQ: TSLA) Stock Rises for Fifth Consecutive Session Amid Analyst Optimism

Tesla (NASDAQ: TSLA) has achieved its fifth consecutive day of stock gains, closing at $288.14 on Tuesday, March 25, 2025. This 3.5% increase brings the stock up 28% over the past five days, reversing a two-month decline. The rally comes despite reports of falling sales in the European Union for the second consecutive month. Analysts attribute the surge to CEO Elon Musk's encouragement for employees to retain their shares and confidence in Tesla's self-driving and robotics technology. Key resistance levels to monitor include $300, $385, and $680, while support levels are identified at $217 and $155. As of 10:13…

WednesdayMar 26, 2025 10:06 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports Record Revenue Surge Driven by Commercial EV Sales

Mullen Automotive (NASDAQ: MULN) announced record GAAP revenue of $3.18 million as of March 21, 2025, marking a 189% increase over its total 2024 revenue of $1.1 million. The surge reflects strong momentum in sales of its commercial EVs, including the Mullen ONE cargo van and Mullen THREE cab chassis truck, both of which are fully certified under U.S. emissions and safety standards. The company also highlighted progress from its Bollinger division, which began delivering its all-electric Class 4 B4 Chassis Cab truck in October. CEO David Michery stated the fiscal Q2 will close as the company’s strongest revenue quarter…

TuesdayMar 04, 2025 1:25 pm

GreenCarNewsBreaks – Tesla Inc. (NASDAQ: TSLA) Price Target Cut 22% by Bank of America on Tariff Risks

Tesla (NASDAQ: TSLA) saw its price target slashed by 22% at Bank of America, with analysts lowering their outlook from $490 to $380. The downgrade reflects growing concerns over potential tariff risks that could impact Tesla’s supply chain and sales, particularly as trade tensions between the U.S. and key international markets escalate. Analysts cited uncertainty surrounding electric vehicle demand and higher production costs as additional headwinds for the automaker. As of the latest trading session, Tesla shares traded at $268.47, down 5.7% on the day. The stock has fluctuated between an intraday high of $285.86 and a low of $262.00.…

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,…

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