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Elon Musk is finally stepping down from being Twitter's CEO. Yesterday, he finally issued the tweet that his investors at Tesla (NASDAQ: TSLA ) have been waiting for.
Yesterday, Mullen Automotive (NASDAQ: MULN ) announced that MGT Lease Company had signed a vehicle purchase agreement for 250 Class 3 cab chassis electric vehicle (EV) trucks worth $15.75 million. The national fleet leasing provider had previously received four Class 1 EV vans from Mullen.
China's electric vehicle (EV) revolution is still going strong. Reuters has described the country as “ground zero” for the price war started by Tesla's (NASDAQ: TSLA ) recent cost reductions.
The rise of the WSB Coin (WSB-USD) may be over as quickly as it began. Inspired by the popular r/WallStreetBets subreddit, WSB saw its market capitalization surge to an impressive $50 million in only three days.
Earlier this month, Mullen Automotive (NASDAQ: MULN ) announced that it had formed Mullen Advanced Energy Operations (MAEO), a joint venture (JV) in collaboration with Global EV Technology and EV Technologies (collectively known as EVT). Under the terms of the letter of agreement for the joint venture, EVT will provide MAEO with a license for its technology, including its energy management module (EMM).
The stock market has been off to a hot start so far in 2023. All four major U.S. stock indices are higher so far on the year, while the Nasdaq's 15.75% return is more than double the next-best performer (the S&P 500).
What would you do with $110 million? Me? I'd be tempted to plow it into research and development (R&D) at an electric vehicle (EV) startup.
It's time for investors to realize that Mullen Automotive (NASDAQ: MULN ) has nothing left to offer. Not that it had much to begin with.
Silver stocks are spiking today as #SilverSqueeze trends on Twitter. Since the collapse of SVB Financial's (NASDAQ: SIVB ) principal subsidiary, Silicon Valley Bank, confidence in the banking sector has been falling.