Shares of Mullen Automotive Inc.
slipped 0.2% toward another record low in premarket trading Thursday, even after the electric-vehicle maker announced its first revenue recorded with the sale of 22 EV cargo vans. The company said the sale to Randy Automotive Group generated $308,000 in revenue, which will be recorded in company’s fiscal third-quarter, which ends June 30. Mullen said shipping of the vehicles starts Thursday from its Tunica, Mississippi assembly plant. The stock had plunged 36.
slipped 0.2% toward another record low in premarket trading Thursday, even after the electric-vehicle maker announced its first revenue recorded with the sale of 22 EV cargo vans. The company said the sale to Randy Automotive Group generated $308,000 in revenue, which will be recorded in company’s fiscal third-quarter, which ends June 30. Mullen said shipping of the vehicles starts Thursday from its Tunica, Mississippi assembly plant. The stock had plunged 36.