Everyone needs to take a course in accounting !!!!!!!!!! learn the term "deferred revenue"!!!!!!!
What Is Deferred Revenue?
Deferred revenue, also known as unearned revenue, refers to advance payments a company receives for products or services that are to be delivered or performed in the future. The company that receives the prepayment records the amount as deferred revenue, a liability, on its balance sheet.
Deferred revenue is a liability because it reflects revenue that has not been earned and represents products or services that are owed to a customer. As the product or service is delivered over time, it is recognized proportionally as revenue on the income statement.
.Deferred revenue has to be listed as a liability till the product is delivered to a customer so..........all that $$$ received as down payment for cars being built for 2024/2025 has too be considered RED till delivered and then like Majic it becomes black. And is moved from the liability side to the revenue side >)FYI the instant revenue will be the down payment as well as payment for car so take all those reservations and multiply them by 55k per car as an average then smile imho
So sometime in 2025 when the deferred revenue becomes Revenue all of us will understand why the share price jumped 1000% up in say 72 hrs or less.
$MULN "Mullen plans to produce more than 100,000 vehicles over 5 years using NexTech lithium sulfur (Li-S) pouch format batteries, which are 60% lighter than today’s EV’s, improving vehicle efficiency and reducing overall energy consumption "
"If you build it they will come "
Bullish
