Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did 😎Read how

Mullen to debut ultra-high-performance FIVE RS

Published 08/16/2023, 11:54 AM
© Reuters.  Mullen (MULN) to debut ultra-high-performance FIVE RS

Electric vehicle manufacturer, Mullen Automotive (NASDAQ:MULN) announced Wednesday the debut of their ultra-high-performance Mullen FIVE RS EV Crossover. According to the release, the RS will be featured on the upcoming “Strikingly Different” EV tour, which kicks off on Aug. 20, in Austin, Texas.

“I want to encourage shareholders to continue sharing thoughts and opinions with Mullen, and remember we are working together to achieve great things, including pushing the boundaries of EV performance and electrifying the world,” said CEO David Michery.

The FIVE RS is an ultra-high-performance EV with a top speed of 200mph. The crossover boasts acceleration from 0-60mph in less than 2 seconds.

The vehicle is also equipped with 800-volt architecture, all-wheel drive, a two-speed gearbox, and over 1,100 horsepower.

Due to the high-powered capabilities of the FIVE RS, consumers will not be allowed to test drive the vehicle directly. Instead, Mullen will provide an opportunity for customers to experience a ride in the Mullen FIVE RS with a skilled professional race car driver.

Shares of MULN are down 3.66% in mid-day trading on Wednesday.

Latest comments

so let me get this straight. Mullen wants customers to purchase this new vehicle, however, the customer cannot test drive the vehicle for themselves. A Professional Race Car Driver would be needed to drive the vehicle as a prospective customer rides in the passenger seat. I'm confused regarding this. 🤔
Probably just you or those that cant afford to really buy one. If you show up with a 7 figures account, they will let you test drive.
this good idea to electric cars...
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.