Mullen Automotive, an electric vehicle manufacturer, has announced that its current commercial vehicle inventory, which includes Mullen and Bollinger vehicles, are fully assembled in the US. As a result, they are exempt from the newly announced vehicle and component tariffs. Furthermore, Mullen and Bollinger source 67% and 71% of their vehicle components from US suppliers, respectively. This move could provide the company with a competitive edge under the new tariff rules.

Mullen Automotive, an electric vehicle manufacturer, has announced that it sources 67% of its vehicle components from U.S. suppliers. This comes as an advantage for the company under new tariff rules. Also, Bollinger, another company mentioned, sources 71% of its vehicle components from U.S. suppliers. Both companies' commercial vehicle inventory are 100% assembled in the U.S.

Rosen Law Firm has encouraged investors of Mullen Automotive, Inc., previously known as Net Element, Inc., to secure legal counsel before the April 14 deadline for a securities class action lawsuit. The lawsuit accuses Mullen Automotive of making false and misleading statements regarding its business operations and financial situation during the period from February 3, 2023, to March 13, 2024.

This is a report about Mullen Automotive Inc. entering into a securities purchase agreement with certain investors on March 6, 2025. According to the terms and conditions of the agreement, the investors agreed to buy an aggregate principal amount of approximately $4.0 million of 5% Original Issue Discount Secured Notes, which can be converted into shares of common stock. The agreement also includes five-year warrants exercisable for shares of Common Stock. The agreement is effective starting from the execution date and ends on the one year anniversary from the date a registration statement covering all registrable securities is declared effective.

1) Brief Summary: The company has displayed a concerning financial performance with negative ROE of -950.02% and severe declines in performance over the past month (-95.70%) and quarter (-99.89%). The company has also seen substantial sales growth YoY of 996.94%, but this has not reflected positively in the company's market performance. Moreover, there is high short interest (52.24%), indicating a bearish view by the market. The recent insider transactions reveal some selling activities, which may also signal a lack of confidence in the company's prospects. Additionally, the company's negative equity and substantial net cash outflow suggest financial instability. 2) MARKET_SCORE: 15

Given the negative trends in the company's performance and financial health, the likelihood of an upward price move in the immediate future seems low. 3) PRICE_TARGET: 0.05

Considering the severe underperformance of the company and its negative financial situation, the current price could experience further downward pressure. 4) AI_RPT_HEADLINE: MULN struggles with severe underperformance amid financial instability and high short interest

-> X2 <- More SEC filing extractions (10-K, 10-Q, 8-K) Financials, risk disclosures, and business changes

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