Mullen Automotive Plunges 12.82% on Delayed Report, Legal Alerts

Mullen Automotive's stock price plummeted by 12.82% in pre-market trading on April 7, 2025, marking a significant decline for the electric vehicle manufacturer.

Mullen Automotive recently announced a delay in its annual report, which has raised concerns among investors. The company proposed a reverse stock split, which could potentially impact shareholder value. This news has led to a surge in stock price volatility, with double-digit percentage changes observed in recent trading sessions.

Additionally, legal firms such as Bronstein, Gewirtz and Grossman, LLC, and Rosen Law Firm have issued alerts to Mullen Automotive stockholders, informing them of potential class action lawsuits. These alerts suggest that investors who have incurred losses may have the opportunity to lead legal actions against the company, further adding to the uncertainty surrounding Mullen Automotive's future.