12:53 PM EDT, 06/11/2024 (MT Newswires) -- Mullen Automotive ( MULN ) said Tuesday the Department of Energy Resources at the Massachusetts Executive Office of Energy and Environmental Affairs has approved its 2024 Mullen THREE truck for a state cash rebate voucher of up to $15,000.

The rebate is under the MOR-EV program, which aims to make electric vehicles more affordable in Massachusetts, and is in addition to a $7,500 federal tax credit, according to the company.

Shares of Mullen fell 3.7% in recent trading.

Price: 2.73, Change: -0.11, Percent Change: -3.71