Mullen Automotive Stock Soars 62.5% Amid Legal Challenges

On March 25, 2025, Mullen Automotive's stock surged by 62.5% in pre-market trading, indicating a significant bullish sentiment among investors.

Mullen Automotive, Inc. has been the subject of several legal notices from prominent law firms, including Rosen Law Firm, Pomerantz Law Firm, and Bronstein, Gewirtz and Grossman, LLC. These firms are encouraging investors who have incurred losses on their investments in Mullen Automotive to consider joining class action lawsuits. The legal actions are likely in response to allegations of securities violations, which could impact the company's reputation and future performance.

Despite the legal challenges, Mullen Automotive continues to operate as an electric vehicle company, focusing on the manufacture of passenger and commercial electric vehicles. The company's operations are divided into the Bollinger and Mullen/ELMS segments, reflecting its diverse product offerings. Founded by David Michery in 2010, Mullen Automotive is headquartered in Brea, California, and has been navigating the competitive electric vehicle market with a mix of innovation and strategic partnerships.