Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Pumpers of course
I don’t think they will let them do another one within a 12 month period
Nobody wants to hold over the weekend…lol
MULN going south again!!
Garbage in the works here folks…
Invest in a bankrupt company!!
MULN needs your share money to survive!!
I agree, dirty Dave is just going to dilute this crap some more..
Rinse and repeat!!!
Short this crap to .05 cents again!!!
Might buy back in at .01 could be fun then
190.00 and dropping… $164.00 is our support level
Could be a scary ride today!! Buckle up them safety belts and hang on those shares!!!
Yes, Woods is selling!! Tesla will take on water but probably won’t sink!!
$120.00 here we come!!
This could be a minus 30% Friday…
Not Good!!
I’m selling out premarket to secure my gains.. might jump back in around the $105.00 to $120.00 levels
Agreed..you and me both!!! Cause you know it will just continue south…
Rinse and repeat!!!
Rough days ahead!!! Inevitably
https://share.newsbreak.com/3dzwisd2
Lack of investors is another downfall… money market accounts seem to have gathered the most traffic
1 for 1000 @ .01 would put us at $10.00 …..
Wink wink
1 for 500 RS@ .05 would put MULN at $25.00 per share
1 for 1000 Reverse Split coming ,
massive dilution guarantees that…
Gonna happen before .05 cents!!!
Ford Motor Co. expects to lose about $3 billion on its electric-vehicle business this year, a reminder of how far
traditional auto makers have to go in turning their EV portfolios profitable.
Ford disclosed the figure Thursday while outlining a new financial-reporting structure intended to give investors
better insight into the performance of its three business units: Model e, its EV business; Ford Blue, the traditional
part of the company that sells internal-combustion-engine vehicles; and Ford Pro, its sizable commercial-vehicle
division.
Ford finance chief John Lawler described the EV division as a startup inside the 119-year-old company, and said it
is normal for a fledgling business to rack up losses. Ford today sells three electric vehicles in North America, its
largest market: the F-150 Lightning pickup truck, the Mustang Mach-E SUV and a plug-in cargo van.
"Startups lose money as they invest in capability, develop knowledge, build volume and gain share," Mr. Lawler said
during a media briefing.
Mr. Lawler said the Model e business will gradually erase its losses and achieve an operating-profit margin of 8%
by the end of 2026, near the 10% target for the company overall. Last year, Ford's operating profit was 6.6%.
Ford shares rose about 2% in early trading Thursday.
The Dearborn, Mich., auto maker also reiterated the forecast it originally issued in early February of $9 billion
to $11 billion in operating profit this year companywide.
Analysts had expected a pretax loss on the EV business, with some projecting it would fall in the $2 billion-to-$3
billion range.
Ford said the contribution margins on its EVs -- representing revenue minus variable costs -- are expected to
approach breakeven by year's end, even as it invests heavily to build out new factories and its EV lineup.
Colin Langan, a Wells Fargo automotive analyst, said the outlook was worse than the firm's forecast of $6,000 per
vehicle on a variable-cost basis. He added that it was unclear how Ford would achieve its 8% margin target for the EV
division by 2026.
"This implies [battery-electric vehicles] are currently losing money on each model sold, rather than covering any
fixed costs," he wrote in a note Thursday.
Ford Chief Executive Officer Jim Farley in the past has discussed the need for Ford to close the gap on EV leader
Tesla Inc. in terms of profitability, citing a cost advantage of more than $10,000 per electric car sold. Tesla lost
money for more than a decade before it began posting consistent profits in recent years. Last year, its operating margin
was 16.8%.
Mr. Farley last year separated the company's electric-vehicle business from the part that works on gas-and-diesel-
engine vehicles, a strategy he said would allow Ford to move faster as it targets the rapidly growing global market for
battery-powered cars.
Historically, Ford has reported profit-and-loss by regions. Now it will break out results for each of the three new
business units, rather than providing regional results. Ford said it would use the revised reporting for the first time
when it posts its first-quarter financial results, scheduled for May 2.
To acclimate investors and Wall Street analysts to its overhauled financial reporting, Ford disclosed the past two
years of results for its three business units.
The Model e electric-vehicle division's losses grew to $2.1 billion last year, from $900 million the year before.
Mr. Lawler attributed the mounting losses to investments Ford is making to increase EV production in coming years,
including construction of two new battery-cell factories in Kentucky and a third in Tennessee, along with a new plant to
make EV trucks.
The traditional Ford Blue business, dominated by sales of its highly profitable F Series pickup trucks, posted
operating profit of $6.8 billion last year, more than double that of 2021, when a semiconductor shortage hurt vehicle
output.
The company said its Ford Pro division, which sells pickups, vans and other vehicles to general contractors,
landscaping companies and other commercial buyers, posted $3.2 billion in operating profit last year.
Ford said it is on target to reach an annualized production rate of 2 million electric vehicles by the end of 2026.
Mr. Farley last year said Ford looked into a spinoff of at least one of its business units but decided against it
because they depend on one another and Ford didn't need to raise capital to fund the transition to EVs.
Executives at rival General Motors Co. have said the company decided against a formal separation of its electric
and internal-combustion businesses.
France's Renault SA has among the most far-reaching strategies for its electric-vehicle business, saying last year
that it plans a separate stock-market listing for its EV division. The company will put its conventional gas-and-diesel-
engine business into a joint venture with a Chinese company, it has said.
Write to Mike Colias at mike.colias@wsj.com
(END) Dow Jones Newswires
03-23-23 1039ET
Copyright (c) 2023 Dow Jones & Company, Inc.
I agree EV used cars are selling for under $10,000 with bad batteries…
Whoaaaa
https://share.newsbreak.com/3dzwisd2
That $20,000 to $30,000 EV battery gets very expensive….
https://share.newsbreak.com/3dzwisd2
Stocks may crash 30% and the US economy could suffer a 2008-style collapse as the 'everything bubble' bursts, expert says
Rough days ahead!!! Inevitably
https://share.newsbreak.com/3dzwisd2
lol….or $20.00 a share!!
Unfortunately you are right..millions from toxic lenders that keep diluting the market with 100’s of millions of shares worth 1000’s times over what was lended to MULN initially…
For the millions of dollars borrowed..
Sad fate..
Many start up companies fall for the same procedure that MULN has taken..
The third-party lenders lend out 2 million to get back 50 million..
Not a bad interest rate if you’re the lender lending start up companies money
Wait until the $20.00 buys … it’s coming!! The worlds power grids can’t support EV’s !!!
Tesla will be bankrupt by 2030
Mark this post!!!
These EV’s remind me of the Henry Ford days of the 1920’s
Very Dangerous!! Batteries are to expensive and the power isn’t even close to the good ol petro vehicles…
These EV’s are bankrupting major automotive companies left and right and the entire global market…
We are not ready for this evolutionary change ..
Folks just can’t afford this and the entire planet power grids can’t support this advancement…
Maybe in 2100 AD … but not now!!
Petroleum it is..
Even our activists just opened the Alaskan Pipe lines!!
That’s why fuel prices are coming down!!!
Fossil Fuels wins !!!!!!!
Wow, pennyland coming!!! Not a good sign for MULN…bankruptcy almost looks eminent
Welcome to the dumps sign in to sub penny level.. these fraudsters should be behind Barz class action suit coming no doubt!!!
Following!! Awesome board here!!
News should say; MULN automotive is being sued in excess of 1 billion dollars for stock fraud and manipulation!!
MULN = Garbage !! We were are taken..
Hook line and sinker.. I’m shore many class action suit will arise soon!!
Never borrow from a lender that convert stocks for payment cause for a $50,000 loan they will get paid back 3,000,000.00
MULN will go into sub-penny land because of mismanagement …
As forest gump would say…
Stupid is as stupid does!!!
Toxic debt continues to haunt MULN!!
Look out below!!! We’re coming down!!
Yes, that price target is possibly with a 1 for 10,000 reverse split..
Be careful the toxic dilution holders owns MULN .. they will win!
Not MULN
Time to ride MULN’s pops all the way to bankruptcy land!!!
WEEEEEEEEEEEE
GRRRRRRRRRRR!!
And to think this started out being a promising company
MULN is going nowhere fast!!!
SAD
Very Sad!!
The get the quick start up money to advance their company is now leading to their demise!!
Be prepared for a one and 50 or one and 100 reverse work to maintain the SEC rules and regulations and then their toxic lenders are going to take the PPS right back down again…
Rinse and repeat until their bankrupt
It’s sad when a company uses toxic lenders to advance their products only to realize they didn’t take two steps forward..they really took 3 steps back..
Hard work and proper funding would have made MULN successful but they took the easily way out now their entire business is in jeopardy because they used their stock to pay it back…
I watched 9 out of 10 start up companies go down for convertible pay backs!!
Sad!!
Get ready for the dumpathon!!
.10’s coming!!!
I agree, we are goner’s!! 1 for 100 reverse split also coming to maintain the dilution from the toxic lenders..
MULN is toast!
Rinse and repeat..
Just another stinky pinky trying to get rich from their investors!!
Nope, this isn’t good..
Looks like .13 is coming again..
Let’s hope we are solid at .13
But I’m now seeing lower lows..
Shorts are killing us