
Thinking about diving into the electric vehicle revolution? Mullen Automotive represents one of the most dramatic stories in the EV space - a rollercoaster ride that's either a massive opportunity or a cautionary tale. With the company fighting for survival through reverse splits and restructuring, understanding how to buy Mullen Automotive, Inc. (MULN) shares requires careful navigation of extreme volatility and high-risk scenarios.
As of August 19, 2025, Mullen Automotive, Inc. (MULN) shares are trading at approximately $0.0660, representing one of the most volatile and distressed stocks in the entire market. The company has experienced a catastrophic -94.50% decline throughout 2025 alone, hitting rock bottom at $0.03600 on April 10th before showing some minor rebounds (Stock Price History).
Mark your calendar: August 14-15, 2025 was absolutely critical for MULN investors. This was the estimated earnings announcement period that could have made or broken the stock's fragile recovery attempts. Historically, MULN's earnings reports have triggered massive price swings - both up and down.
The pattern is clear: MULN reacts violently to corporate announcements. When the company announced its 1-for-100 reverse stock split on June 2, 2025, the stock initially spiked over 198% on massive volume of 221 million shares, only to collapse again shortly after (Recent Trading Data). This whipsaw action demonstrates why timing is everything with this ultra-volatile play.
Previous major announcements show similar patterns:
Mullen's stock performance from February to August 2025 reads like a horror story for shareholders:
February 2025: Trading around $0.31 after the 1-for-60 reverse split, hoping for stability
March 2025: Continued decline as operational challenges mounted
April 2025: Hit absolute bottom at $0.03600 - near total collapse
May 2025: Minor recovery attempts around $0.31 level
June 2025: Another reverse split (1-for-100) creates artificial price boost
July-August 2025: Trading in the $0.06-$0.07 range with extreme volatility
The technical picture shows a stock that has broken through every conceivable support level, with a 50-day moving average of $1.78 and 200-day average of $1.41 - both far above current prices, indicating severe technical damage (Technical Indicators).
The immediate outlook remains bleak. With the company undergoing massive restructuring, renaming to Bollinger Innovations, and facing persistent cash burn, further declines seem likely. The stock has shown only 2 green days in the last 30 trading sessions - a mere 7% positive performance rate.
If survival occurs, we might see stabilization around penny stock levels. Much depends on whether the Bollinger integration actually produces operational synergies as promised.
This assumes miraculous turnaround success, market adoption of their vehicles, and resolution of all financial distress. Highly speculative.
Only achievable if Mullen/Bollinger becomes a legitimate EV player with actual production scale and market share. Current probability: extremely low.
| Step | Action | Why It Matters |
|---|---|---|
| 1 | Choose a US-regulated broker | Ensures legal protection and access to Nasdaq |
| 2 | Complete account verification | KYC requirements prevent fraud |
| 3 | Deposit minimum funds | Most brokers require $200-$1000 to start |
| 4 | Search "MULN" ticker | Exact symbol ensures correct purchase |
| 5 | Use LIMIT orders only | Crucial for volatile stocks like MULN |
| 6 | Start with tiny position | Never risk more than 1% of portfolio |
| 7 | Set stop-loss immediately | Protect against total loss |
| 8 | Monitor daily news flow | MULN moves on every announcement |
| 9 | Have exit strategy ready | Know when to cut losses |
| 10 | Document lessons learned | Even failed trades teach valuable lessons |
For those still determined to explore high-risk opportunities like MULN, Pocket Option offers unique advantages for risk management:
The platform's structure actually discourages oversized bets on dangerous stocks while providing the tools to learn safely.
Mullen Automotive is currently undergoing the most dramatic transformation in its history. The company has effectively ceased to exist in its previous form, rebranding as Bollinger Innovations, Inc. and consolidating operations to Oak Park, Michigan (Corporate Restructuring). This represents a complete strategic pivot from consumer EVs to commercial vehicles under the Bollinger brand.
The company's market capitalization has collapsed from over $600 million during the EV hype peak to approximately $1.6 million as of July 2025 - a staggering 99.7% destruction of shareholder value (Market Cap Analysis).
Mullen made headlines as one of the first automakers to accept meme coins as payment for commercial vehicles - a desperate but innovative attempt to attract cryptocurrency enthusiasts amid traditional financing challenges.
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