Is Something Big Coming From Mullen Automotive?

Market News Today - Is Something Big Coming From Mullen Automotive?
Market News Today – Is Something Big Coming From Mullen Automotive?

Is something big coming from Mullen Automotive (NASDAQ:MULN)? Shares of the EV company soared past +20% on Thursday leading investors to believe the company is buying more stock.

Average volume has now risen to more than 276 million beating AMC Entertainment (11 million avg.) and GameStop (2.8 million avg.).

Mullen Automotive announced on Thursday that it has added new stops to its ‘Strikingly Different’ EV Tour.

“The 2023 “Strikingly Different” tour kicked off late summer on Aug. 20, 2023, in Austin, Texas, and will run until November 2023. This year’s tour will cover the South, East Coast, Midwest, and West Coast before finishing up in California. All locations and details on how to register can be accessed here.

All locations for the 2023 tour include:

August 2023
Austin, Texas – Aug. 20 & 21 at Circuit of Americas (Completed)
New Orleans, Louisiana – Aug. 29 & 30 at NOLA Motorsports Park (Completed)

September 2023
Charlotte, North Carolina – Sept. 13 & 14 at Charlotte Motor Speedway
Washington, D.C., and Philadelphia, Pennsylvania – Sept. 18 & 19 at Dover Motor Speedway
New York City, New York – Sept. 22 & 23 at Citi Field (Just Added)
Boston, Massachusetts – Sept. 26 & 27 at New Hampshire Motor Speedway (Just Added)

October 2023
Detroit, Michigan – Oct. 3 & 4 at M1 Concourse (Just Added)
Denver, Colorado – Oct. 10 & 11 at Empower Field (Just Added)
Salt Lake City, Utah – Oct. 17 & 18 at Utah Motorsports Campus (Just Added)
Sonoma, California – Oct. 23 & 24 at Sonoma Motor Speedway (Just Added)

November 2023
Las Vegas, Nevada – Oct. 31 & Nov. 1 at Las Vegas Motor Speedway
Phoenix, Arizona – Nov. 6 & 7 at Podium Club (Just Added)
Los Angeles, California – Nov. 2023 TBD

“We’re proud to announce additional locations across the U.S. for our ‘Strikingly Different’ U.S. EV tour. More locations equal more opportunity for the public to come out and see our EVs and interact with our team,” said David Michery, CEO and chairman of Mullen Automotive.

Mullen Now Becomes An Approved Vendor For British Airways

Market News Today - Is Something Big Coming From Mullen Automotive?
Market News Today – Is Something Big Coming From Mullen Automotive?

Mullen Automotive has now become an approved vendor for British Airways, an SEC filing published on Friday shows.

British Airways is the flag carrier of the United Kingdom.

It is headquartered in London, England, near its main hub at Heathrow Airport and is the second largest UK-based carrier, based on fleet size and passengers carried, behind easyJet.

“In April 2023, British Airways began piloting Mullen’s Campus EV cargo van at Los Angeles International Airport (“LAX”).

Subsequently and after the success of the pilot, both LAX and Chicago O’Hare International Airport locations have purchased Campus EV cargo vans in support of BA airport ground operations.

The transactions for both the LAX and ORD closed with the receipt by Mullen of payment from British Airways on August 31, 2023.

On July 12, 2023, BA Engineering entered into a separate Campus EV cargo van pilot agreement for George Bush International Airport in Houston, TX. 

IAH is currently pending a purchase decision.

Mullen is now an approved vendor for additional BA airport locations.”

Shares of the company are still down more than -99%.

“We believe the Company and its shareholders have been significantly harmed by certain traders and their brokers and market makers, such as the named Defendants in the lawsuit, that have facilitated this unlawful conduct.

Rest assured, we will use all legal measures at our disposal to stop illegal trading activities and to protect the Company and its shareholders,” said Mullen CEO David Michery.

Will the company prevail? Is something big coming from Mullen Automotive?

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Market News Today - Is Something Big Coming From Mullen Automotive?
Market News Today – Is Something Big Coming From Mullen Automotive?

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