Don’t Count on a Comeback for Mullen (MULN) Stock

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As our trusty authors have covered in detail, electric vehicle (EV) manufacturer Mullen Automotive (NASDAQ:MULN) just received what looks like a $110 million bailout. However, it’s an awfully filmy lifeline for an automaker that’s in deep financial trouble. If you’re waiting around for MULN stock to recover, don’t hold your breath. It’s entirely possible that Mullen Automotive will be delisted by the end of this year.
Mullen Automotive already has to compete with the likes of Tesla (NASDAQ:TSLA), an EV industry giant. Tesla has brand-name recognition and is taking proactive steps