Mullen: Cash Burn, Dilution And A Cycle Of Destruction


  • Mullen’s cash and equivalents are insufficient against its current cash burn from operations.
  • The company does not have the liquidity required to start the production and deliveries of its flagship SUV.
  • Recent acquisitions offer will ramp short-to-medium-term cash burn.

Automakers Display New Models At The Los Angeles Auto Show

Mario Tama

Mullen Automotive (NASDAQ:MULN) might never be able to bring its vehicles to market with cash and equivalents at $61 million against cash burn from operations of $18.3 million last quarter. This comes as the recent public company chases an aggressive

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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