What are the price predictions for Mullin Automotive.

There are no specific price predictions available for Mullen Automotive (MULN) from the referenced sources. However, the company's stock has experienced significant volatility, with a 74% increase on November 12, 2024, following the announcement of its Class 1 EV cargo van's listing on Turo.

1. Recent Surge: Mullen's stock surged by 74.27% on November 12, 2024, closing at $2.98, which is a notable increase from its previous closing price. This significant movement reflects market optimism about the company's strategic moves and the potential for its EV offerings.
2. Market Sentiment: Despite the recent surge, market sentiment towards Mullen is negative, with a 'Sell' classification from analysts. This suggests that while there may be short-term excitement about the company's developments, analysts are cautious and have a bearish trend forecast for the stock.
3. Challenges and Financials: Mullen has faced significant challenges, including a turbulent market environment that has led to a 52-week low stock price of $1.71. The company's financials show a net loss of $740.32 million and a negative operating income, indicating substantial financial challenges. However, the company has made efforts to stabilize its financial position and has secured substantial new financing.
4. Strategic Developments: Mullen's strategic moves, such as the rental program for its EV cargo vans on Turo, have the potential to increase the company's visibility and generate revenue. These developments could influence the stock's performance in the medium to long term.

In conclusion, while there are no specific short-term or long-term price predictions available for Mullen Automotive, the company's stock has experienced a significant surge due to strategic announcements. However, the negative market sentiment and the company's financial challenges could impact its stock price in the future. Investors should consider these factors along with the company's strategic initiatives when evaluating Mullen Automotive's stock potential.