Mullen Automotive (NASDAQ:MULN) is clearly aiming to disrupt the EV market as we know it. It’s a risky business in a crowded industry, so MULN stock isn’t necessarily the safest investment.
Nevertheless, there’s potential for strong returns as Mullen shares are quite cheap. Eventually, the stock could provide multi-bagger gains after the automaker’s EVs are on the roadways.
It requires a strong vision and some faith to invest in Mullen Automotive. Yet, a small position could be justified for patient EV enthusiasts. After all, Mullen’s innovative technology may be the key that unlocks huge profits.