I don't need to see bolded unlinked information. LOL. I believe they have pre orders for 25,000 vehicles. 5x the example
we can look at the valuations of other EV companies and (taking out Nikola), they trade at an average of 7.1 times 2021 sales. If Mullen can produce and sell 5,000 MX-05 SUVs at $55,000 per car that is revenue of $275 million and 200 Dragonflys at $150,000 add another $30 million. This adds to a conservative $305 million. 7.1 times that is an enterprise value of $2.2 billion by 2023. Keep in mind the company should need at least another $400 million to get there and we expect much of that could be loans.
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