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Mullen Automotive ( (MULN) ) has provided an announcement.
Mullen Automotive Inc. has announced a promising forecast with an expected $75 million in GAAP revenue over the next six months, alongside significant cost reductions, including a $5.5 million monthly operating expense cut achieved by a 20% reduction in workforce and the consolidation of facilities and programs. This strategic move aims to enhance the company’s focus on near-term commercial revenue and operational efficiency, with three vehicle lines in full production and tax credits boosting their market competitiveness.
For a thorough assessment of MULN stock, go to TipRanks’ Stock Analysis page.
