Mullen Automotive Inc (MULN)

[I-Glow]

How does a company survive with the Mullen business model?

"To date, Mullen has delivered 121 Class 3 vehicles for a total of $7,623,000 invoiced.

Company focused and on track to deliver 150 vehicles by EOY 2023.

Vehicles delivered are part of Randy Marion’s 1,000 Class 3 purchase order.

BREA, Calif., December 26, 2023– via InvestorWire – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces 63 additional Class 3 vehicles have been delivered to Randy Marion Automotive Group (“RMA” or “Randy Marion”) with the Company invoicing RMA for $3,969,000.. To-date, The Company has delivered 121 Mullen THREEs to RMA for a total of $7,623,000. The Company is on track to deliver 150 Mullen THREEs by EOY 2023."

Mullen at the time of the. Press release had delivered RMA 121 Class 3 vehicles and only sold one.