GreenCarNewsBreaks Archive - Page 3 of 58

ThursdayJun 05, 2025 1:02 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) EVs Now Eligible for Up to $15,000 in Illinois Incentives Through ComEd Program

Mullen Automotive (NASDAQ: MULN) announced that its commercial electric vehicles are now eligible for incentives under Illinois’ ComEd Business & Public Sector EV Rebate Program. Businesses purchasing Mullen vehicles through Pritchard EV or Range Truck Group may qualify for up to $7,500 per Mullen ONE Class 1 cargo van, with total savings reaching $15,000 when combined with federal tax credits. Medium-duty EVs may qualify for rebates up to $30,000, though those applications are currently waitlisted due to high demand. The ComEd program joins existing state-level incentives in California and Massachusetts, further expanding cost-saving options for fleet electrification. To view the…

TuesdayJun 03, 2025 9:50 am

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Relaunches FIVE RS EV for German Market with FPF Partnership

Mullen Automotive (NASDAQ: MULN) announced the relaunch of its ultra-high-performance Mullen FIVE RS EV Crossover, with vehicle sales targeted to begin in Germany by December 2025. Following successful 800V battery testing at TUV SUD in Munich, the vehicle is entering on-road validation as part of its final homologation process. Mullen has partnered with Germany-based Faissner Petermeier Fahrzeugtechnik AG (FPF), a veteran automotive engineering and manufacturing firm, to ensure production meets the highest global standards. The FIVE RS boasts a top speed of 200 mph, 0–60 acceleration under two seconds, and over 1,100 horsepower. Mullen plans to expand sales across the…

MondayJun 02, 2025 11:15 am

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Increases Ownership of Bollinger Motors to 95%, Resolves Receivership

Mullen Automotive (NASDAQ: MULN) has acquired an additional 21% stake in Bollinger Motors, bringing its total ownership to 95% and increasing shareholder equity by approximately $3.5 million. The move follows Mullen's resolution of outstanding claims and debt that had placed Bollinger under court-ordered receivership, a case now dismissed with prejudice. Bollinger will continue operating independently under Mullen’s ownership, with its commercial EV lineup—led by the all-electric B4 Chassis Cab—receiving full support for sales, service, and warranty. Mullen plans to leverage synergies to accelerate the B4’s development and drive growth within the commercial EV space. To view the full press release,…

ThursdayMay 29, 2025 2:10 pm

GreenCarNewsBreaks – Tesla Inc. (NASDAQ: TSLA) Urges Senate to Preserve Clean Energy Tax Credits Amid Legislative Threats

Tesla (NASDAQ: TSLA) is actively lobbying the U.S. Senate to retain key clean energy tax credits that are under threat from a House-passed reconciliation bill. The proposed legislation aims to roll back significant portions of the Inflation Reduction Act, including the 30% tax credits for residential solar installations and clean energy projects, which are currently set to expire in 2032. Tesla's energy division, which reported a 67% year-over-year revenue increase to $2.7 billion in Q1 2025, heavily relies on these incentives. The company warns that abrupt termination of these credits could jeopardize America's energy independence and hinder the deployment of…

ThursdayMay 29, 2025 9:20 am

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) to Implement 1-for-100 Reverse Stock Split on June 2

Mullen Automotive (NASDAQ: MULN) announced it will enact a 1-for-100 reverse stock split effective June 2, 2025, aiming to regain compliance with Nasdaq’s $1.00 minimum bid price requirement. Approved by shareholders on May 21 and finalized by the board, the reverse split will reduce Mullen’s outstanding common shares from approximately 80 million to about 800,000, with trading to begin on a split-adjusted basis under the same ticker symbol. No fractional shares will be issued, and all existing equity instruments and convertible securities will be proportionally adjusted, excluding the 2022 Equity Incentive Plan, which remains unchanged. To view the full press…

WednesdayMay 21, 2025 1:50 pm

GreenCarNewsBreaks – Tesla Inc. (NASDAQ: TSLA) Plans Geofenced Robotaxi Launch in Austin Amid Safety Concerns

Tesla (NASDAQ: TSLA) is set to launch its robotaxi service in Austin, Texas, in June 2025, starting with a limited fleet of approximately 10 vehicles and aiming to scale up to 1,000 within a few months. The rollout will be invite-only and will utilize teleoperators to assist when the autonomous system encounters difficulties. CEO Elon Musk emphasized that the robotaxis will be geofenced to operate only in selected safe areas and will avoid complex intersections unless the system is highly confident in their safety. This cautious approach follows a Business Insider report detailing a test where Tesla’s Full Self-Driving (FSD) Supervised…

TuesdayMay 20, 2025 10:10 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Posts $5M Q2 Revenue, Highlights EV Deliveries and Battery Progress

Mullen Automotive (NASDAQ: MULN) reported $5 million in revenue for the quarter ended March 31, 2025, a significant increase from $33,000 in the prior-year period, driven by deliveries of Class 1 and Class 3 electric vehicles to customers including logistics firms, local governments and universities. The company also highlighted new agreements, such as a supply deal with Enpower Greentech for advanced solid-state batteries and expanded public sector eligibility via Sourcewell contracts. Bollinger Motors, a majority-owned subsidiary, delivered Class 4 trucks but was placed into court-appointed receivership in May, a move Mullen says will not materially impact its liquidity. For the…

TuesdayMay 13, 2025 11:28 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reaches Settlement Agreement with GEM Over Mishawaka Assets

Mullen Automotive (NASDAQ: MULN), an electric vehicle manufacturer, announced it has executed a settlement agreement with GEM Yield Bahamas Limited and GEM Global Yield LLC SCS, resolving a four-year legal dispute. Under the agreement, GEM has a 55-day due diligence period—subject to extension—to evaluate the transfer of Mullen’s Mishawaka assets in full satisfaction of the judgment. All collection activities will be suspended during this period. Mullen stated it remains focused on expanding its Tunica, Mississippi, manufacturing operations to meet growing demand across its EV product lines. To view the full press release, visit https://ibn.fm/MMUgJ About Mullen Automotive Inc. Mullen Automotive…

WednesdayMay 07, 2025 1:05 pm

GreenCarNewsBreaks – Tesla Inc. (NASDAQ: TSLA) Faces Pension Fund Divestment Amid Political and Financial Concerns

Tesla (NASDAQ: TSLA) is under scrutiny as Lehigh County, Pennsylvania's pension board becomes the first known U.S. pension fund to halt new investments in the company. The board, overseeing $500 million in assets, voted 4-2 to cease purchasing Tesla stock, citing CEO Elon Musk's political involvement and the company's declining performance. The decision follows a 71% drop in Tesla's earnings and a 20% decrease in automotive revenue. The board has also directed its investment manager to explore options for divesting existing passive holdings. This move aligns with broader national and international pressures, including calls from New York legislators and labor…

TuesdayMay 06, 2025 10:50 am

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary Bollinger Delivers EV Truck to LES Ecology Center

Mullen Automotive (NASDAQ: MULN) announced that its subsidiary, Bollinger Motors, has delivered a Bollinger B4 all-electric Class 4 commercial vehicle to the Lower East Side Ecology Center in New York City. Funded by the NYC Council, the truck will support composting and environmental programs as the LES Ecology Center’s first EV. The B4, equipped with a 158-kWh battery, 185-mile range, and a 16-foot dry box with power lift gate, is designed for urban operations and sustainability-focused fleets. To view the full press release, visit https://ibn.fm/xyfbw About Mullen Automotive Inc. Mullen Automotive is a Southern California-based automotive company building the next…

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