$Mullen Automotive(MULN)$ Glob

Global EV sales for year 2022 is around 10 million units (up ~60% vs 6.5 million units in year 2021). The global EV sales is expected to grow to ~13.6 million units in year 2023 (which presents a growth of ~30% yoy). However, the competition among different EV brands is getting more intense and the price war to obtain more market share is hurting the profit margin for most EV car makers. One must admit that the competition in the EV market has intensified as numerous traditional car markers (Mercedes-Benz, BMW etc) are also investing and building more EV units.

Surprisely, Mullen has yet to deliver any car but it claims big orders for its vans to be delivered in 2024. Sounds like a risky investment to me. What do you think? Let me know your thoughts!!

Growth Stocks Divergence: Skyrocket or Plummet?

Growth stocks are reporting their earnings recently. Their results diverge. Some companies like $UPST surged 50% overnight; while $AFRM & TWLO fell 10% yesterday. ---- How do trade growth stocks' earnings? Will you bet on them?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

JPWB
2023-02-07
JPWB
K
sesemike74
2023-02-07
sesemike74
ok
Thengz
2023-02-06
Thengz
Ok
BonJovi83
2023-02-06
BonJovi83
👍
YTigger
2023-02-06
YTigger
k
ongel
2023-02-06
ongel
👍

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Their results diverge. Some companies like $UPST surged 50% overnight; while $AFRM & TWLO fell 10% yesterday.\n----\nHow do trade growth stocks' earnings?\nWill you bet on them?","image":"https://community-static.tradeup.com/news/285693153d01b87a896219b3247f20e9"}],"images":[],"coverImages":[],"html":"<html><head></head><body><a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$&nbsp;</a><v-v data-views=\"0\"></v-v>\nGlobal EV sales for year 2022 is around 10 million units (up ~60% vs 6.5 million units in year 2021). The global EV sales is expected to grow to ~13.6 million units in year 2023 (which presents a growth of ~30% yoy). However, the competition among different EV brands is getting more intense and the price war to obtain more market share is hurting the profit margin for most EV car makers. 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