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Mullen Automotive's stock dropped 17.76% in pre-market trading on June 5, 2025, amid a broader crisis in U.S. automotive manufacturing.
Mullen Automotive has been navigating a challenging landscape, with recent developments impacting its stock performance. The company's acquisition of an additional 21% stake in Bollinger Motors has been a significant move, allowing it to regain full control and continue operations independently. This strategic acquisition is part of Mullen's broader efforts to strengthen its position in the electric vehicle (EV) market.
Additionally, Mullen Automotive's trading was temporarily halted and resumed on June 4, 2025, due to volatility. This halt reflects the market's reaction to the company's recent developments and the broader economic conditions affecting the automotive sector. The halt and subsequent resumption of trading highlight the volatility and uncertainty surrounding Mullen Automotive's stock.

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