Today we are here with Mullen Automotive, Inc. to predict its stock price for the years 2024 to 2035. The company is based in Southern California and partnered with several businesses. The company’s performance has been stable on average without any decline for the last two years.
In 2020 it reached its top line of $0.68, later it saw a decline and is still continuing. Currently, it is trading at $0.47 in the market and experts say that it will remain bullish in the coming years.
According to our research and analysis, it can be good for the long term. The EV industry is growing well and is expected to perform even higher in the coming years.
If you are a retail investor and want to earn money in a short time, then you cannot expect much here. This will take time, as the EV industry is growing now. There are many other aspects which we need to pay attention to.
Muln stock price prediction for 2024-2035
Mullen Technologies Inc. is growing in the EV industry by creating clean and scalable electric vehicles. In the future, there is a huge demand for sustainable energy and clean transportation options in the world. The company is ready to meet the demand of the EV market.
| Year | Predicted price | Change |
|---|---|---|
| 2024 | $0.85 | 78.82% |
| 2025 | $1.52 | 236.47% |
| 2026 | $2.86 | 563.52% |
| 2028 | $5.64 | 949.41% |
| 2030 | $8.92 | 1,349.41% |
| 2032 | $12.32 | 2,031.76% |
| 2035 | $18.12 | 2723.52% |
Muln – Latest Stock Data
According to the company’s April 2023 report, approximately $116.1 million of cash is available for operations and investments. Below is the latest data of Mullen Automotive Inc.:
Muln Other Information:
| Total Assets | $402,742,228 |
| Dividends Payable | $361,321 |
| Derivative Liabilities | $30,855,261 |
| Total Stockholders Equity | $263,147,084 |
| Total Liabilities and Stockholders’ Equity | $402,742,228 |
See also: Lucid stock price forecast
MULN stock forecast for 2025, 2028, 2030, 2035
Note: The stock price forecast for “MULN” is based on our research and technical analysis, which may change over time. This is an estimated value and not financial advice. Consult your financial advisor for investment.
2024
The company hopes to have a series of affordable electric cars ready by 2024. This is a positive sign and can expect that the company will be in a good position in the market. Therefore, based on our research, the estimated price of Mullen by 2024 is $0.63 to $0.85.
2025
The company plans to add a range of affordable cars as well as luxury cars. Our analysis is bullish for 2025 and the estimated price could be $1.15 to $1.55.
2028
Top analysts estimate that by 2028, Mullen’s stock could see significant growth with potential returns for investors. But, our analysis shows that the highest price for Mullen stock in 2028 could be $4.92 to $5.64.
2030
By 2030, Mullen Automotive Inc. will perform very well in the EV market and continue its growth trend in international markets. According to our research, the highest price for MULN stock by 2030 is $7.55 to $8.92.
2035
| Low | $15.35 to $18.25 |
| High | $20.20 to $22.35 |
About Mullen Automotive Inc:
The company was founded in 2002, and Mullen Motor Cars was the company behind the Mullen GT which was the first electric supercar on the market in 2007. The Mullen Motor is the product of a strategic union of the economic efficiency offered by CODA Automotive with the superior features provided by the technology of cars.
The company is working diligently to provide exciting electric vehicle options that are completely made in the United States and fit perfectly into the lives of American consumers. The company has created an end-to-end ecosystem that takes care of all aspects of EV ownership from research to financing and servicing. Mullenusa.com.
Factors for Potential Growth of MULN:
The company has diverse businesses that help it grow and survive in the market:
- Partnerships: The company has its own and several partnership businesses that can enhance its competitive edge and open doors to new markets.
- EV Industry: There will be a huge demand for it in the EV industry, which the company can benefit from in the coming years.
- Global Expansion: For now, the company is focusing on US consumers, but plans to target global markets in the future.
- Quality Cars: The company is known for its quality and features, the benefits of which are always available in the market.
- Government Initiatives: This industry receives government support for infrastructure development and other benefits.
FAQs
According to our analysis, the highest price for Mullen stock will be $1.15 to $1.55 in 2025
The forecast price of Mullen stock by 2030 is $7.55 to $8.92.
It is not a good stock for the near term, but from a long-term perspective, it is a good stock.
Conclusion
Stock forecasts are subject to a variety of factors and uncertainties, but Mullen Automotive Inc. has potential in the coming years. Because the world is moving to clean and green transportation, Mullen’s focus is on these markets.
Disclaimer: The forecast price is an estimated value and it is for general information only and should not be considered financial advice. You should do research and consult your financial advisor.
