02:14 PM EST, 12/18/2024 (MT Newswires) -- Mullen Automotive ( MULN ) shares rose 13% in recent Wednesday trading after the company said it sold 100 class 1 and class 3 electric cargo vans and trucks since Sept. 30, generating $5.5 million in sales.

The company also cut spending to $5.3 million per month in October and November from $16.8 million in August.

Price: 1.385, Change: +0.1550, Percent Change: +12.60