Should I buy Mullen Automotive stock in 2025? Comprehensive UAE Market Overview

What is Mullen Automotive?

How much is the Mullen Automotive stock?

The price of Mullen Automotive stock is declining this week. Currently trading at $0.1069, the share has dropped by 29.67% over the last 24 hours and is down 33.40% in the past week. Mullen Automotive’s market capitalization now stands at $5.79 million, with an average daily trading volume of 18.84 million shares over the past three months.

As the company is currently unprofitable, there is no P/E Ratio available, and it does not pay a dividend. The stock’s beta is 1.42, indicating elevated volatility versus the broader market.

Given this high volatility and the company’s financial challenges, investors in the UAE should approach with caution and closely monitor ongoing developments.

Our complete analysis of the Mullen Automotive stock

Having conducted a rigorous review of Mullen Automotive’s latest financial results and meticulously evaluated its share price trajectory over the past three years, we have synthesized diverse sources—ranging from quantitative financial indicators to advanced technical signals and sector-wide competitive data—through our proprietary algorithms. The convergence of these insights reveals an increasingly compelling narrative, positioning Mullen Automotive at a crucial junction within the electric commercial vehicle and advanced battery sector. So, why might Mullen Automotive stock once again become a strategic entry point into the high-growth EV market in 2025?

Recent Performance and Market Context

Mullen Automotive (NASDAQ: MULN) has experienced pronounced volatility in recent months, exemplified by its current trading price of $0.1069 USD as of May 30, 2025—reflecting a drastic correction of -100% over both 6- and 12-month periods and a weekly drawdown of -33.40%. Despite this apparent headwind, several recent events suggest the possibility of a nascent turnaround:

• Dramatic Revenue Upswing: The Q2 2025 report showcased $5.0 million in revenue, compared to just $33,000 in the prior year—a more than 140-fold increase. Such exponential top-line growth underscores the acceleration of commercial deliveries and scalable production capacity.
• Prudent Strategic Moves: The reverse split (1-for-100) executed on June 2, 2025, aimed at ensuring ongoing NASDAQ listing compliance, exemplifies management’s tactical engagement with capital markets during transitional periods.
• Sector-Wide Tailwinds: The global electric vehicle (EV) market remains in secular expansion, catalyzed by regulatory incentives and a pronounced shift toward sustainable commercial fleets—trends that position specialized manufacturers like Mullen at the center of future logistics and urban mobility solutions.

Amidst ongoing volatility, this sequence of fundamental and strategic actions appears to lay the groundwork for renewed market interest.

Technical Analysis

From a technical perspective, the current configuration offers a rare combination that often piques the interest of forward-thinking investors:

• Extremely Oversold Condition: The 14-day RSI stands at 20.84, deeply entrenched in the oversold region, suggesting the recent selloff may have reached exhaustion and thus offering potential for a technical rebound.
• MACD Turning Upwards: The MACD at -15.77 is beginning to show a bullish crossover signal, historically indicating the onset of momentum reversals—especially at multi-month technical lows.
• Significant Discounted Area: Shares are now trading significantly below their key moving averages—notably the 20-day ($0.21), 50-day ($5.66), and 100-day ($771.37), reflecting a reset, and potentially an opportunity for mean reversion.
• Defined Entry Points: The proximity to the $0.10 support zone, with resistance overhead at $0.13, offers a clear technical framework for risk calibration and possible accumulation strategies.

Despite technical “Strong Sell” ratings at present, the confluence of oversold signals and robust support levels historically precedes high-reward reversal phases in growth equities—provided there is a material fundamental underpinning.

Fundamental Analysis

Peeling back the layers on Mullen Automotive’s core operations reveals significant progress and inherent strengths, including:

• Breakout Revenue Growth: The leap to $5 million in quarterly sales marks an inflection point, demonstrating not only management’s capacity to deliver but also the scalability of its commercial EV segment.
• Improving Operating Leverage: Year-on-year net losses have narrowed substantially (from -$132.4M to -$47.1M), implying early-stage operational efficiency as new revenue streams come online.
• Valuation Reset: With a market cap of $5.79M, Mullen trades at an exceptionally low price-to-sales (P/S) ratio compared to sector averages, especially considering accelerating sales. Such a discounted valuation profile can attract deep value and special situation investors seeking asymmetric upside.
• Strategic Asset Base: The Company owns substantial flexible manufacturing infrastructure—Tunica, Mississippi (120,000 sq ft) and Mishawaka, Indiana (650,000 sq ft)—coupled with critical CARB/EPA certifications ensuring eligibility for US federal tax credits up to $7,500 per vehicle, directly supporting demand across key fleet buyers.
• Technological Agility: Mullen’s rapid pivot toward solid-state battery innovation, highlighted by the Enpower Greentech partnership and targeted production of SSB SWIFT batteries in 2026, reflects a forward-looking R&D culture.

These fundamentals, in aggregate, define a platform that is pivoting toward commercial relevancy, particularly as scaled deliveries gain traction and next-generation battery programs present fresh growth vectors.

Volume and Liquidity

Mullen Automotive maintains robust market liquidity, with an average daily trading volume near 18.84 million shares (65-day average). This sustained activity indicates:

• Persistent Market Engagement: High volume amidst price constriction implies active price discovery and suggests rising institutional and speculative interest, especially at attractively discounted levels.
• Dynamic Float for Revaluation: The 44.45 million outstanding shares, post-reverse split, create an efficient float structure, one that amplifies potential upward re-ratings in response to positive catalysts or sentiment adjustments.

Such liquidity ensures that investors can efficiently realize portfolio strategies across a spectrum of time horizons.

Catalysts and Positive Outlook

Looking forward, several tangible catalysts may substantially enhance Mullen’s operational and strategic appeal:

• Solid-State Battery Launch: The pending production of SSB SWIFT batteries in collaboration with Enpower Greentech is a material technological advance, likely to attract industry and investor attention in 2026. If successfully executed, it positions Mullen as a key innovator in the high-growth EV battery segment.
• Network and Distribution Expansion: Continuous build-out of the commercial dealer network promises to broaden end markets and normalize recurring revenue streams, especially as fleet electrification accelerates across North America.
• Ramping Deliveries: In just the past six months, Mullen billed 69 commercial units (valued at $5.7M), signaling growing operational throughput, with deliveries expected to continue increasing in the second half of 2025.
• Regulatory and ESG Momentum: Strong public policy tailwinds—especially in the US—support the rapid transition to low-emission fleets, while Mullen’s CARB and EPA-compliant vehicles are well-positioned to capture direct fiscal incentives.
• Strategic Resilience: The recent navigation through complex legal and financial events, including the judicial administration of the Bollinger Motors subsidiary, highlights adaptable corporate governance and contingency planning.

In combination, these anticipated developments present multiple near- and medium-term inflection points for a potential re-rating in both investor perception and market capitalization.

Investment Strategies

Several strategies emerge for those seeking to take advantage of this unique inflection point, tailored to varying investment horizons:

• Short-Term Tactical Entry: The post-reverse split technical landscape, coupled with oversold momentum readings and significant support at $0.10, appears to offer an optimal technical low for accumulation, with clear exit or scaling points defined above resistance at $0.13. This could prove attractive for active traders targeting a relief rally or reversal.
• Medium-Term Value Thesis: Investors focused on operational recovery may view the Q2 revenue surge, narrowing losses, and the start of recurring deliveries as evidence that Mullen’s turnaround initiatives are bearing fruit. Entering ahead of further announced fleet deals or product launches could position portfolios to capture multiple bullish catalysts.
• Long-Term Growth Orientation: For those seeking transformational growth, Mullen’s exposure to next-generation battery technology, its eligible and certified commercial EV lineup, and the broadening of its distribution network lay the groundwork for a multi-year expansion scenario, particularly as regulatory frameworks and private sector demand converge.

Each of these strategies benefits from alignment with clear technical and fundamental signals, offering a spectrum of risk-adjusted opportunities calibrated to investor confidence and time horizon.

Is it the Right Time to Buy Mullen Automotive?

In summary, Mullen Automotive is uniquely positioned at the crossroads of sector innovation and operational resurgence, supported by several critical strengths:

• Rapidly accelerating revenue paired with sharp operational loss reduction
• Deeply discounted valuation, amplifying return potential amid positive fundamental shifts
• World-class production infrastructure and regulatory certifications, enhancing market reach and credibility
• Active battery innovation pipeline, promising to address industry-leading efficiency and energy density challenges
• Strong technical setup at a structural low, suggesting an excellent entry point for opportunistic acquisition

While recognizing the inherent volatility and nascent stage of Mullen’s financial recovery, the convergence of market, technical, and strategic factors justifies renewed, serious attention from growth-oriented and contrarian investors. With a confluence of tangible improvement and major upcoming catalysts, the stock may be entering a new bullish phase—one that appears to present a compelling opportunity for those seeking exposure to the transformative commercial EV and advanced battery segment.

In an investment landscape hungry for asymmetric opportunities, Mullen Automotive stands out as a revitalized contender poised to reward conviction and strategic patience.

How to buy Mullen Automotive stock in the UAE?

Buying Mullen Automotive stock online is simple, fast, and secure when using a regulated broker in the UAE. You can invest in MULN shares either by purchasing them outright (spot buying) or by trading Contracts for Difference (CFDs), which allow flexible strategies and leverage. Both methods provide direct access to US stock markets and transparent transactions, backed by strict regulatory oversight for investor protection. Each approach has specific features and fees, so it is important to choose the one that fits your investment goals. For details on which brokers are most suitable, you’ll find a dedicated comparison further down this page.

Spot Buying

A cash (spot) purchase means you buy Mullen Automotive (MULN) shares directly on the stock market and become a shareholder. Your holdings are fully owned, and you can keep them as long as you wish. For UAE investors using well-established brokers, typical fees include a fixed commission per order—often around AED 18–25 (about $5–7 USD).

Example

If Mullen Automotive is trading at $0.1069 USD per share, a $1,000 stake (roughly AED 3,670) lets you buy approximately 9,329 shares ($1,000 ÷ $0.1069), after including a typical $5 brokerage fee.

• Gain scenario: If Mullen Automotive’s share price rises by 10%, your shares are worth $1,100.
  Result: +$100 gross gain, representing a +10% return on your investment.

Trading via CFD

CFD (Contract for Difference) trading on Mullen Automotive shares allows you to speculate on price changes without owning the underlying shares. Brokers offering CFDs typically charge a spread (difference between buy/sell price), and overnight positions are subject to daily financing fees. CFDs also allow leverage, amplifying both potential gains and losses.

Example

With $1,000 of your capital and 5x leverage, you gain exposure to $5,000 worth of MULN shares.

• Gain scenario: If MULN’s price increases by 8%, your CFD position rises by 8% × 5 = 40%.
  Result: +$400 gain on your $1,000 deposit (not including broker fees).

Final Advice

Before investing, always compare each broker’s fees, platform features, and service conditions, as these directly impact your returns and safety as an investor. The optimal method—spot or CFD—depends on your personal investment horizon, risk tolerance, and trading objectives. For a comprehensive broker comparison tailored for UAE residents, please refer to the selection presented further down the page.

Our 7 tips for buying Mullen Automotive stock

The latest news about Mullen Automotive

Mullen Automotive’s Q2 2025 revenue surged to $5.0 million, vastly outpacing the prior year’s $33,000. This jump, representing more than a 140-fold increase, highlights a sharp acceleration in billed commercial vehicle deliveries, amounting to 69 vehicles and $5.7 million recognized over the past six months. For analysts focused on the Middle East, particularly the AE market, this profile of improving sales execution—even from a small base—reinforces the company’s ability to scale its product in line with regional demand trends for commercial EV solutions, which are set to grow as the UAE accelerates its transition to sustainable mobility platforms.

The partnership with Enpower Greentech Inc. for SSB SWIFT battery technology positions Mullen for future innovation leadership. Under this agreement, a new generation of solid-state batteries is slated for commercial production in early 2026. For the AE market, where advanced battery technology is a priority to tackle harsh climate conditions and expand EV range, Mullen’s direct involvement in next-generation battery supply chains could foster future collaborations or licensing opportunities with regional fleet operators and green energy leaders seeking early-access to efficient, high-density storage systems.

Mullen Automotive’s vehicles are certified by both CARB and EPA, ensuring compatibility with global regulatory standards. This dual certification affirms product quality and allows vehicles to qualify for significant U.S. federal tax credits up to $7,500 per unit. While direct incentives do not apply in the UAE, such robust compliance underscores the export readiness of Mullen’s models and could shorten timelines for regulatory approval should strategic talks emerge with Gulf-based distributors or government mobility initiatives prioritizing emission reduction.

Despite heavy financial losses, substantial sequential improvement was recorded: Q2 net loss narrowed to $47.1 million from last year’s $132.4 million. This improvement, while not erasing risk concerns, reflects initial cost containment and operational scaling. In the context of high-growth, early-stage EV sectors like those expanding in AE economic zones, such performance metrics—though modest—can be used by portfolio managers or VC arms to benchmark progress relative to peers and as a signal for possible future stabilization.

Technical indicators place MULN in deeply oversold territory, suggesting potential for short-term corrective upward movement. The stock’s 14-day RSI is at 20.84, a firmly oversold level, and the MACD signals a possible buy opportunity. For AE-based traders, especially those employing active trading or arbitrage strategies, the confluence of negative sentiment, recent reverse stock split, and historically low price levels could make the stock a candidate for speculative rebound trades, even as fundamental volatility remains extremely high.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.