Mullen Automotive Inc (MULN)

[SavageWest]

$20 = $6.66 billion at current share structure. Let’s pretend that share count doesn’t change dramatically (which it will) and Mullen actually delivers on their production timeline. Fisker had only produced 2000 vehicles to date when they had to stop production due to “their battery manufacturer filing bankruptcy” last fall. At that time they were at $10 billion. They currently hover around 3 billion and don’t plan to resume production until November. Bigger EV players like Rivian and Lucid are also down but still at about $30 billion. IF (big IF) Mullen even starts production of The Five a run to $20 ($6.66 billion) easily attained. Now fairytale time is over and the reality is capital needs to be raised and then to get to that magic $20 MULN would likely (but not likely) have a $12-$15 billion mkt cap.
Pretending is hard