Global EV Technology founder Lawrence Hardge says Mullen Automotive (NASDAQ:MULN) has a $10 billion contract with Saudi Arabia.
“This is not what somebody said or what you heard, this is reality.
$10 billion contract with Saudi Arabia.
And more to come … Mullen and Lawrence Hardge are here to assist them, they have countries like Yemen, Israel, all of them have joined in to take this technology, and they’re going to produce it in Saudi Arabia and they’re also paying for a manufacturing plant to come to Michigan.
That’s in black and white.
So, the SEC if you’re watching, that’s already agreed upon.”
Mullen Automotive has not officially confirmed the $10bn contract with Saudi Arabia, though we have seen in the past that Mullen will take months before releasing official statements.
One of the most recent being the announcement that Mullen had a contract with the federal government, initially thought to be a rumor, or rather false hopes from skeptics.
Today, Mullen Automotive has commenced working on a $680,000 federal contract through their subsidiary Mullen Advanced Energy Operations (MAEO) and has finally begun taking down reservations for the Mullen Five, scheduled to start production during the fourth quarter of 2023.
If Mullen officially announces a $10 billion contract with Saudi Arabia in the near future, this is going to be huge for the company and investors alike.
Latest MULN Stock News
Mullen Automotive announced on Tuesday it received a 1,000 order of Mullen THREE, a Class 3 low cab forward (“LCF”) EV truck from Randy Marion Automotive Group for a value of $63 million.
The vehicle deliveries are expected to commence sometime in August of this year.
The purchase order is valued at $63 million and is between Randy Marion Isuzu, LLC, a member of the Randy Marion Automotive Group, and Mullen Automotive.
These trucks feature over 5,800 lbs. of payload, which was unveiled at the NTEA Work Truck Show earlier this year.
Mullen Automotive announced yesterday that UNC Charlotte (The University of North Carolina at Charlotte) took delivery of an additional 8 Mullen EV class 1 cargo vans.
This is the second vehicle order for UNC Charlotte, with a total of 15 vehicles to be utilized across the university’s campus.
MULN stock rose more than +8% on Tuesday and is currently trading at $0.081.
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