Dear MULN Stock Fans, Mark Your Calendars for Jan. 9

Mullen Automotive (NASDAQ: MULN) is set to reveal its FIVE RS electric vehicle (EV) production design at the Consumer Electronics Show (CES) 2024, scheduled for Jan. 9 in Las Vegas, Nevada. The FIVE RS is described as a high-performance variation of Mullen's flagship EV crossover. Other displays from Mullen at the event will include its EV models ONE and THREE, along with subsidiary Bollinger’s series B1, B2, and B4.

The FIVE RS boasts a maximum speed over 200 mph and can achieve 0 to 60 mph in under two seconds. The automotive firm is no stranger to CES, having showcased the FIVE in 2024 after its premiere at the L.A. Auto Show.

MULN Stock fans should take note of the January 9 event. Post the L.A. Auto Show in November 2021, Mullen's CEO, David Michery, upped the reservation limit for the FIVE from 5,000 to 25,000 due to robust demand. Yet, no FIVE has been delivered since.

Furthermore, the expected delivery date for the FIVE, as stated on its reservation page, has also been postponed. The page now states the FIVE base and touring models are set to start production post FIVE RS in late 2025, with sales to customers beginning mid-2026. The initial base price for the FIVE has been set at $55,000.

Mullen had announced in early 2022 that the FIVE would commence production in Q4 2023, estimating a Q2 2024 delivery. As of March 2023, these dates held, but were adjusted later in the year. However, amidst the FIVE’s several holdups, projections for FIVE RS’s production and delivery should be accepted with skepticism.

CES 2024 is not likely to have a major impact on MULN stock. Rather than production designs, investors are keen to see the actual commencement of FIVE RS or FIVE production.

Regarding penny stocks and low volume stocks: InvestorPlace rarely carries commentary on companies with a market cap under $100 million or trading less than 100,000 shares daily due to potential manipulation risks. If commentary is published on such a stock, InvestorPlace.com asks its writers to reveal this and caution readers about the potential risks.

Eddie Pan did not hold any positions in the securities mentioned in this article as of the publishing date. The views expressed in the article are those of the writer, per InvestorPlace.com Publishing Guidelines.