Mullen Automotive Inc (MULN)

[downdraft]

Not many choices for California government buyers who are looking for an EV van or truck this year, of which 50% of their purchases must be EV. Though Honda, Toyota and Hyundai have shown prototypes, some of those models might not even make to the U.S. and not before 2025 anyway. With the big 3 bowing out of the Class 1 EV space, it just improves the odds that MULN is one of the few choices available. Looking for a huge fleet government contract to drop any day now, especially with the big government fleet show starting tomorrow.

Something to keep in mind - if the government does come along and place a monster size order, you know bigger than the amount of inventory available, someone besides a toxic lender would likely step up to provide the necessary funds to make those vehicles, backed by the purchase order. That's my guess. This play could turn to the upside very quick now, IMO!