Why Is Mullen Automotive (MULN) Stock Up 27% Today?
MULNNet Element(MULN) InvestorPlace·2024-04-29 23:53

Mullen Automotive (NASDAQ:MULN) stock is rocketing higher on Monday after the company got approval from California for the state’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP).This approval adds the 2024 Mullen Three to the project, which enables buyers of the electric vehicle (EV) to receive cash vouchers of up to $45,000. To put that in perspective, the MSRP for the 2023 Mullen Three is $68,500.On top of the HVIP cash vouchers is a $7,500 federal tax credit available for buyers ...