Is Mullen automotive a good stock to buy in 2025?

Panda Forecast offers a more positive Mullen Automotive stock forecast for 2025, showing a predicted average stock price of $23. However, a Mullen Automotive share price forecast over that period will depend on many factors, including Mullen’s rate of development and broader economic factors such as the rising costs of living.

What is Mullen automotive?

MULN is an EV manufacturer based in Southern California that owns and partners with several businesses in working towards the goal of clean and scalable energy solutions. Mullen Automotive went public on 5 November 2021 and trades on the Nasdaq Stock Exchange under the ‘MULN’ stock ticker.

Why is Mullen automotive (muln) stock dwindling?

Another day, another sell-off for Mullen Automotive (MULN). CEO David Michery and company continue to dilute the burgeoning electric vehicle (EV) upstart at a record pace, which is causing the MULN share price to dwindle. MULN stock is now down 79.9% since the 1-for-25 reverse stock split that took place just a little over one month ago on May 4.

When does Mullen automotive go public?

Besides its commercial offerings, Mullen plans to begin manufacturing its Mullen FIVE EV crossover in late 2024 or early 2025. Mullen Automotive went public on the NASDAQ exchange through a reverse merger in late 2021. Who is the team behind Mullen Automotive?