Mullen Automotive (MULN) stock is trading about 16% higher on Tuesday following Monday’s extraordinary 81% rally.
Mullen Automotive receives $45K subsidy from California perelectric semi-truck. Subsidy is point-of-sale and could push Mullen THREEcost down to $17,000.
price action is in sharp contrast to the overall market on Tuesday. The NASDAQ, Dow Jones and S&P 500 have all shed more than 0.7% at the time of writing. Mullen Automotive stock news The California Air Resources Board has approved the Mullen THREE electric semi-truck cab for a $45,000 cash voucher as part of the Hybrid & Zero-Emission Truck & Bus Voucher Incentive Project .
regulations extend beyond California to Connecticut, Colorado, Delaware, Maine, Maryland, Massachusetts, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Vermont and the District of Columbia. However, other states offer separate incentives to their local businesses. EV stocks FAQs What are electric vehicles? Electric vehicles or EVs are automobiles that use rechargable batteries and electric motors to accelerate rather than internal combustion engines .
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