Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading lower on Tuesday. The company disclosed that its subsidiary, Bollinger Motors, has secured a follow-on order from TEC Equipment for seven all-electric 2025 Bollinger B4 trucks.
The company stated that the payment for all seven vehicles has been received, and the revenue will be recognized in the fiscal quarter ending December 2024.
This marks TEC Equipment’s second order of Bollinger B4 trucks, following its initial purchase of three B4s on October 30.
The ...