Anyone that has followed the ATCM program is aware of the steps it takes to get from beginning to end Mullen has already passed the first part and have now been invited to present their application for due diligence.
The DOE is familiar with Mullen automotive and what they've been doing over the past year to meet the basic requirements for the loan approval.
Ford has yet to pay back their loan from 2010 despite their ability to have done so by now.
Tesla submitted there loan application while Bush was in office and we all know which side favors the move away from fossil fuels.
That being said with sleepy Joe's time limited to just 4 years in office I'm sure all his Doe appointees are going to be pumping out the cash to all their buddies ASAP.
There is no set timeline for the due diligence part of the application but part 3 of the application which is the credit approval has a set time.
To pin down a Time is irresponsible as the market will provide favor to the ones it wants to succeed.
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