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Mullen Automotive Makes Deliveries; Short-Squeeze Possible
Mullen Automotive (NASDAQ: MULN) produced another deadline by providing the first of its class-1 cargo vans. The vans were delivered to MGT Corporation in Highpoint, NC, by associate Randy Marion Automotive Team. The shipping is 4 course-1 vans with follow-on orders predicted. MGT Company is a product sales and leasing corporation targeted on class 1-4 vans for professional use. The company’s profits was $70 million per year for the final 2 decades and is expected to increase virtually 50{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in 2023. The company’s vans are utilized largely for very last-mile products and services, shipping and trades these as plumbing and electrical. The shipping is a acquire for Mullen, who has…