The Pathetic Downfall of Mullen Automotive

[@wallstreetmillennial]

For original short-selling research and much more check out our website: www.differentiatedanalytics.com/

[@lawjef]

Here is a top tip: if you are going to engage in blatant accounting fraud, don’t do the same harebrained schemes that has been used for decades by dozens of convicted fraudsters. At least try and be a bit creative.

[@CatFish107]

Hahshshahaha, why tf would I care to listen to your analysis, let alone pay for it? Dogsnot

[@CatFish107]

Idiot😊

[@roccov1972]

I'm not a business or finance professional (I'm a nurse). And one of the biggest takeaways I have from these stories is that, if you can create a company and get people to invest, you can pay yourself a high salary during the (presumably limited) lifetime of the company. And even if it's a total fraud or will never be viable, it won't matter because you're able to give yourself a high salary while the company is "alive", and you can live a lavish lifestyle. It's that simple. It all seems to hinge on the investors. I suppose PT Barnum was correct after all.

[@snooganslestat2030]

Even better if you can employ your family & friends.

[@jonr6680]

Yep, me also being an honest person who earns a living like regular people, it staggers me the financial system has no checks & balances to protect investors from this. The liars laugh all the way to the bank. It could be fraudulent or simply incompetence, but marketing material that breaks the laws of physics in the known universe is kind of a giveaway...

[@jonathantaylor6926]

Investors now think every company is Amazon, which also ran at a massive loss then breakeven for many many years. The problem is that Amazon's success story is rare. Most companies that lose money will lose money forever. And the car industry is one of the most difficult markets to enter.

[@thorin01]

@@jonathantaylor6926 More importantly, Amazon clearly generated revenue with provable sales. In the core segment’s of it’s business Amazon generated a profit. It used those profits to fund expansion and prop up unprofitable areas. Unlike a lot of these businesses Amazon was not funded exclusively through Venture Capital, Stock shares and loans. Those supplemental it’s revenue. Bezos could also show plausible and (largely met) timelines for when the areas he was expanding into would show profits. Thus allowing him to fund further expansion. People tend to forget that mail order was a proven business model. Once Bezos showed there was a large segment of the market willing and able to use the internet in place of paper catalogs, Amazon was set. There is a reason people over a certain age think of Amazon as the Sears and Roebuck of the 21st century (hell, if someone at Sears had a little imagination back in the 90s Sears could have been Amazon a decade before Amazon).

[@zg3342]

Depends what you’re going for. For startups you’d be pretty correct, most startups fail but there’s lots of investor money into startups because if 99 fail and 1 is the next big thing investors will make their money back off that 1 next big thing. You can also short sell the stock like investors did here and make some money back or a profit. The startup CEOs aren’t really doing anything different than medium to big company CEOs since they are temporary employees for the pay and asset packages these days. Even if you fail and the company does if you’re a C suite employee you can get another C suite job since C suite employees run a hiring circle for each other.

[@3dprintinglady]

As a person who used to believe in start up culture, the biggest wake up call was the realization that none of these companies are rarely trying to build a valuable, sustainable business - it’s all about a lifestyle of appearing to be a visionary and pumping the value up, and the end goal is not creating a solid profitable company and delivering reliable goods or services, but selling the idea with minimal work to the highest bidder as soon as possible. It’s one big rugpull.

[@downix]

The thing is, investors by and large don't invest in long term sustainable company models. They want the hail Mary proposals, and this is where scammers live.

[@supernova743]

Its amazing how many of these startups are just trying to generate value and getting bought out by larger companies.

[@geostomp]

No bailout? Where is the competition here?

[@ssjlkrillin]

These startups are money grabs with futuristic buzzwords and concept models designed to snatch the investments of the gullible for the short-term. The next venture will be underwater cities on the moon.

[@ryaneylee]

i wonder who had it worse, the retail investors who bought into the stock, or the 28 customers who bought the vehicles

[@Boredblacksheep]

If you have the stock, you can be embarassed and hide your failure. If you have the car, everyone will see your failure. Maybe, if they are lucky, it will turn into a collectible of sorts and they will be able to resell them. Bonus embarassment points for the guys that got both of them.

[@Entertainment-]

@@BoredblacksheepIt’s not really a collectible if there are thousands if not tens of thousands or more of the same vehicles roaming around China.

[@kylo_ben]

I think they were both f’d in the a

[@aghhhog2655]

@@Boredblacksheepwell at least you can get some money back for the car.

[@sorryi6685]

Definitely investors. Customers probably got a great deal on vehicles since they were not selling

[@bubba99009]

A magic box that reduces battery usage by 60-70% is the modern equivalent of the 300mpg carburetor from the 70s.

[@xiaoka]

It’s the magnet that aligns the molecules in the fuel line to get 5x mileage. 😂

[@koltonriley5929]

If someone told me, that a new EV car company made a Solid State Battery and didnt publish their reseaerch, i would have shorted the absolute fuck out of that stock. People should have realized it was a scam the second they announced that. God damn it why couldnt i have found this earlier.

[@dianapennepacker6854]

New car companies are hard enough to get profitable. (Forgot the statistic) Let alone an EV company with unproven technology? Yeah, those who invested were asking for it. Basically gambling with a hope, and a prayer. Then again they are likely filthy rich, and the odds outweigh the risk? Even then I feel like shorting it is the better option statistically. I was told always focus on manufacturing when it comes to new car companies unless they are high end. If they don't have answers on how they reduced price or how parts weren't designed to be streamlined then don't bother. Ease of manufacturing is what separates a Tesla from a Lucid. I am an EV person too. In a decade or 15 they will outperform ICE in everything, but long distance non stop travel. Which is very niche.

[@koltonriley5929]

@dianapennepacker6854 Your logic makes complete sense, and you've deduced that information perfectly. But the Stock Market doesn't care, name a blue chip stock that isn't insanely over valued because people, lots of people, millions of people, not rich people, are gambling on it to go up. When I first got into stocks, all the people told me to look at the books, and buy stocks based on company performance - but the market has priced that in. There are 3 ways to make money in the stock market: 1. Luck 2. More luck. 3. Be insanely wealthy

[@dianapennepacker6854]

@@koltonriley5929 That is a valid point. Can absolutely get rich off it all too. Don't forget high tech algorithms now buying stocks due to something an other computer did. I actually don't know much, but saw a guy indirectly talking aboutit. Patrick Boyle I think? Kind of said computers are basically buying and selling thousands of times a day from each other all trying to get the advantage. Creating just weird anomalies in the market. It made me laugh on how absurd the stock market really can be. I don't have to understand it! I am ignorant for sure. It is just like... I am thinking I am in the wrong buisness. I need to con some of these venture capitalists to invest, and then give myself a huge salary! PS - I know I said Lucid. Lucid are actually amazing vehicles, and have a lot of great tech, but I just don't see how they'll get profitable anytime soon. I want to be wrong, but the new car is hideous looking.

[@Adrian-lc6jq]

then why didnt you

[@skierpage]

In 2019, dumb hydrogen truck maker Nikola Motors claimed it had a breakthrough battery without providing details. Its CEO lyin' Trevor Milton said “This is the biggest advancement we have seen in the battery world. We are not talking about small improvements; we are talking about doubling your cell phone battery capacity. We are talking about doubling the range of BEVs and hydrogen-electric vehicles around the world.” You should have shorted NKLA. You didn't. (Neither did I.) This outright battery lie is just one of the topics covered in the brutal Hindenburg Research report on Nikola, "How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America." It is the Macbeth of financial investigation. It makes Wall Street Millennial and other "Look at this dubious company!" KZbinrs look like amateurs.

[@TheSonicsean]

That Hardge "device" is the EV version of something that plugs into your OBD port to "increase your gas milage"

[@ZanathKariashi]

aka, does nothing but power the light on the device.

[@alexdhall]

That's essentially what it is. Snake oil.

[@2wheelparts]

Lol, right

[@sajidsh911]

Finally someone did a video on this disastrous company and the shady CEO.

[@dannydaw59]

I've never heard of it and I owned Rivian stock.

[@MultiWalrus1]

Ha! The CEO is so shady it’s ridiculous 🤣 he’s straight out of a comic book! 🤣🤣

[@peterbland7227]

This reminds me of the computer industry in the late 80s. Lots of shady characters taking advantage of the bubble.

[@midnightfenrir]

Same thing happened with Blu tooth and wifi on a smaller scale. I own an automatic cat feeder I've had for around 7 years. I needed a second one and found out they doubled the price and added wi fi to it. AI is the next big "it's in everything" feature.

[@peterbland7227]

In 1987, the hard disk drive company Minuscribe, shipped bricks and recognized that as revenue. Jail time!

[@LegendaryPhenom]

The amount of investors that got sucked into this cesspit is enormous. MULLEN is the king of Reverse Splits!

[@skierpage]

What if you bought a thousand shares of Mullen? You now own 1/225th or 0.00444 of a single share! How does that work?

[@JakeInvest]

@@skierpage no, u own 1 share, if they did another reverse split, then yeah

[@NorthStarBlue1]

The complete lack of consistent design language between all the models Mullen claims to build is a huge tipoff that they're not building their own vehicles. Any car company that builds more than one kind of vehicle always has a few common design cues that you can spot to readily identify what brand it is. If anything, they're just using a loophole to import whatever Chinese vehicles they can acquire cheaply.

[@joeshmoe7485]

Mullen needs a Mulligan. WOW! The CEO paid himself nearly $50 million while his company goes down in flames. Honestly, that should be criminal.

[@punchtalestudio]

The CEO looks like right off the Sopranos

[@jeraldketelboeter5740]

He scratched his nose during the interview. (A Seinfeld reference.)

[@muhdiversity7409]

When you mentioned manufacturing in Monrovia I immediately thought of Monrovia, Liberia. That would have been way more plausible.

[@SWright1978]

Monrovia CA is famous for its wild parrot population, isn’t it?

[@kh-ro5su]

david michery is a fascinating scam artist to watch. i've never held shares in this dumpster fire since it was obvious it was sketchy from the beginning, but i've been watching it all these years. the lore to david, those involved and the company itself is utterly intriguing stuff

[@tsh1158]

At this price it's cheaper then a lotto ticket

[@kh-ro5su]

@@tsh1158 that's true lol but at least with a lottery ticket you have greater odds at winning, plus you get get to have fun scratching the ticket off or matching your numbers. an "investment" in mullenz, on the other hand, is basically like setting fire to money

[@skierpage]

​@@tsh1158 in either cases you are definitely poorer after buying the ticket/stock. Gambling addicts and stockmarket victims foolishly look past that initial guaranteed cash loss to a future payoff that is vanishingly unlikely to happen.

[@mikafiltenborg7572]

David Michery is just a lying money-greed criminal scammer and fraudster. He will end up in prison some day

[@jameskelly3502]

19:10 "Now they've learned the hard way that most penny stocks are scammed they're designed to enrich the promoters at the expense of retail investors" Nope, most retail investors have learned nothing and will move on to the next big scam!! Then those same people will complain about how broke they are; and try to blame someone for it. SAD, BUT TRUE. 😔

[@bend8353]

Aging Wheels Channel is slowly collecting all the remaining Codas

[@PXAbstraction]

And boy, "poor performance" doesn't begin to describe the trainwreck those cars are. 🤣

[@Unknown_Ooh]

Eventually he'll get that Edison Motors truck 😂

[@skierpage]

_spage's law_: EV startups can lose $millions a month promising to enter volume production "soon," or they can actually start cranking out vehicles and immediately lose $100M+ a quarter. Aptera, Canoo, Einride, ElectraMeccanica, Faraday Future, Mullen (total scammers), Nikola (back to promising HFC production after the battery Tre fiasco), Phoenix Motors, REE, XOS, etc. are all in this zombie state. Lucid and Rivian exited it, but they had $billions in cash. Fisker tried to avoid it by paying Magna to build cars but that didn't work. RIP Arcimoto, Arrival, Bollinger, Coda (I have a long memory!), Electric Last Mile, Lightning eMotors, Lightyear, Lordstown Motors, Proterra, Smith Electric, Sono, Volta, Workhorse Group, etc.; all bankrupt or have abandoned electric vehicle manufacturing, and of those I think only Proterra and Smith Electric manufactured hundreds of vehicles.

[@Haya12234]

Also, there are only a few experts in the world that can Control a proper car manufacturing. And they have much less support at new companies. Car manufacturing is not so easy

[@koltonriley5929]

Can I hire you as a financial advisor?

[@skierpage]

@@koltonriley5929 save your money. Just look at the EV company's cash balance from its last quarter's financial results. If it's less than ~$300M, the company very likely isn't going to survive, because making vehicles takes huge amounts of real money. In MULN's case, it still hasn't released its financial results for April-June 2024 (red flag!); meanwhile from its confusingly-numbered "Q2 2024" financial report: "We had total cash (including cash equivalents and restricted cash) of $29.8 million at March 31, 2024, versus $155.7 million at Sept. 30, 2023." That's a joke, and it's even worse because "restricted cash" is money that is held for a specific purpose and thus not available to the company for immediate or general business use; MULN's cash and cash equivalents were only $22M in March 2024. It's a case of when, not if, Mullen goes bust.

[@dannydaw59]

Is Lightning emotors the same as Lightning Motorcycles?

[@RoganJoeExperience]

Biggest mistake of my investing career but like the company losing 100% of its value it’s 100% a lesson learned ❤

[@MegaSimmaster]

This is hilarious. So many red flags and you still invested? Deserved tbh.

[@RoganJoeExperience]

@@MegaSimmaster ❤️

[@sadicornelius1824]

@@MegaSimmasteru ass bruh real people lost money

[@zapfanzapfan]

If you at least have the stocks on paper you now have toilet paper when the next pandemic rolls around...

[@RoganJoeExperience]

@@zapfanzapfan I’m not complaining my life is amazing ❤️

[@JanghanHong]

Electric Car manufacturer that's so bad that not even Marques Brownlee didn't make a video on it.

[@hydoffdhagaweyne1037]

He is a controlled opposition

[@coolinmac]

Your sentence doesn’t make sense. Are you slow

[@skierpage]

It's easy to avoid bad reviews of your EV if you don't make more than a dozen! Although it would be great if someone posed as a commercial truck buyer and road-tested the Mullen ONE and THREE that are parked at commercial truck dealers gathering dust.

[@UnlessRoundIsFunny]

What?

[@lombardo141]

@@coolinmacit obvious that English is not his first language. Take a deep breath it’s not that serious.

[@joshuad1716]

There’s a Mullen dealership here where I live, in Oceanside, CA. Had no idea they were a whole brand though Their lot is stocked with kei car sized vans and work trucks now

[@zapfanzapfan]

In other words, vehicles people actually want to buy.

[@johnradebaugh-ss3xy]

I had just learned of this company this morning by accident. I was researching a different stock when one of my key punches did not enter. I watched two different videos boasting about how this stock is ready to explode! After looking at the graph , which at the time , had me thinking; Wow, I can get in at the right time and stand to make a nice profit ! Then something made me do more research and here I am😢 leaving this comment. So glad I watched this video! EV start -ups and clinical stage medical stocks are very risky. Beware !

[@fidelperez4837]

A. Watch Boiler Room B. Massive technological advancement is not likely to come from someone who doesn't have decades in the field. C. advancements these days are in the 5-10% range even with radical R&D budgets and departments

[@tullochgorum6323]

That box was hilarious - he didn't even make an effort. And then he made a claim so grandiose that even a scientific duffer like me knew that it broke the laws of physics...

[@Jeez001]

Mullen GT is one of worst looking sports car i ever seen

[@skierpage]

2:31 That's the L1X-75 GT. Looks like a plastic kiddie car whose Chinese maker vaguely based it on the Ferrari F50.

[@mikafiltenborg7572]

Waporvare / conseptcar

[@Jeez001]

@@skierpagethanks

[@richhands5269]

My three favorite channels: Wall Street Millennial, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

[@carlnielsen3833]

Then you'll love the Modern MBA channel. It's insanely good.

[@dlanor15]

Remember when the management blamed everything on short sellers? 😂

[@intruder313]

Literally never heard of them - I guess the internet was broken!

[@shaunpowelluk]

Laurence Hardge is definitely Big Smoke from GTA San Andreas 😂

[@skierpage]

He definitely cooked up that magic battery extender while partying with his Grove Street homies.

[@mamotalemankoe3775]

First thing that came to mind when I saw him.

[@LegendaryPhenom]

As an investor myself, I really like those videos about penny stocks keep doing more if you can😊

[@MrDadyD]

Never even heard about this one before. Im just wondering how these revese mergers are even allowed?

[@wmpx34]

Just like everything else…the people with the power to make them illegal are personally benefiting from all this shady shit

[@MegaJuniorJones]

Excellent as always. A couple things maybe worth mentioning in these SPAC companies: The SPAC promoter gets rich either way with the free shares. It would be nice to start calling out these SPAC promoters and doing a side note on their other SPAC companies performance. Shorting these doomed to fail SPACs usually isn’t possible because the borrow fee is so high and often low volume, not very many shares available to short, illiquid options. So it just gets to burn down and not many make money on that downwards move. Lastly, would be interesting to summarize the total sales value of the main insider holders like the promoter, mgmt, PIPE, etc: to show why these broken worthless companies were ever brought public.

[@FemaleRespector]

This and many other companies that IPO’d during Covid, were pumped and dumped due to the massive amounts of savings people had during this time. They all put money in the market. Was a crazy time.

[@enhancedutility266]

Yeah I made some money on some of the pumps and dumps but Mullen was one of the ones I've lost money on but not too much just $500 too many reverse splits drained my capital

[@FemaleRespector]

@@enhancedutility266 workhorse is another great one. Sold 800 shares at $28 in 2022 and have never been so proud of myself

[@mike-me7om]

Its a disgrace that companies like this are allowed to trade on the NASDAQ.

[@life_of_riley88]

Go ask Gary Gensler how that's continually possible. The SEC is a joke.

[@sadicornelius1824]

For real bro big fuckin scam

[@mikafiltenborg7572]

Corruption...

[@anotherbikerider]

I love these blast from the past videos about stocks I remember being all over Twitter in 2021. Zack Morris really was a menace

[@miseseconomics]

Mullen 5 - no production, just like Tesla Roadster 😂 7 years ago

[@WelfareChrist]

In my opinion shorting a stock is a terrible idea for a retail investor and often it’s a bad idea for people highly experienced and trained to do it. The market has a long history of irrational valuations and shorting a stock isn’t so much about knowing it’s a bad stock it’s about timing when it will crash and until it starts to your risk has no ceiling because the company can potentially grow to any size and in a bubble it often will. I think Bill Ackerman failing to short Herbalife despite it being a transparent scam is a great example, and that’s a billionaire hedge fund manager failing to short an obvious scam. I’m not saying it’s always gonna fail or it’s always a bad idea, just that it’s incredibly risky for retail investors when investing at that level really doesn’t have to be.

[@kardahaspindal]

Wow! I remember reading about Coda on Autoblog years ago. That thing immediately looked horrible. I also distinctly remember that there was some guy from Porsche supposedly helping with the design of that POS in some unknown capacity. Or so they claim 💀

[@zacharyhenderson2902]

You know it's bad when a Chinese company is accusing you of trademark infringement.

[@SamuelLanghorn]

I had to smile there too 🙂 long gone are the days where Western car makers shipped vehicle kits to China for final assembly. Same with the US government banning DJI drones and trying to subsidize it's own industry to catch up (which will never happen 😞) ...as always the world keeps changing.

[@eddiec9756]

I think I still have one share of this company in my Robinhood account. XD I think I lost 5 dollars on these guys. Great video to see the downfall.

[@dylanjimenez1952]

they have nothing different, they are just rebadged Chinese cars

[@corkyromano3808]

Check out Marianne McInerney. She is currently working for Mullen, and can take you down an EV scam rabbit hole. Good stuff. 👍

[@john-carl2054]

I thought this was about Mullan Idaho. The silver mining town of 700 where my grandparents lived.

[@sam.p12345]

Why? The town, silver and your grandparents weren’t mentioned in the video once.

[@john-carl2054]

@@sam.p12345 Name was almost the same. 🥲

[@Midhun0906]

I caught the falling knife and bled myself badly. Wish I had known these issues an year ago. Lesson learnt. A costly one.

[@paulblack8887]

Limited liability is a blessing and a curse for society.

[@uandme41]

“Went public through a reverse merger” is perhaps one of the biggest red flags for IPO

[@downix]

The basic business idea, of buying components from a Chinese company, importing them, and doing final assembly in the US, is a perfectly viable one. The problem is, it also is not an exciting one, so cannot be used for a pump n dump.

[@2wheelparts]

I rolled the dice with this company as a Vegas style bet with a small amount of money...should have just used the money to take the fam out for a nice Olive Garden dinner...would have at least had a delicious tour of Italy instead of .38 cents worth of crappy stock...

[@jamesbillingsby8043]

The hardcore investors of mullen truly need to be studied.

[@stellviahohenheim]

Probably really wealthy people with nothing to lose

[@sadicornelius1824]

Poor class really

[@Arm2tron]

THANKS FOR MAKING THIS VIDEO, unfortunately I found this video too late after investing on Mullen stock. I just found out today Nov 1st that there is a court case against Mullen.

[@Frootyloops629]

Legendary interview

[@kass794]

Con artist walks away with millions 😳

[@langolier9]

You can’t even begin to imagine the epic coincidence or miracle that you advertise differentiated analytics at the precise perfect time in my life to grab it with three hands. I’m gonna buy it later today and I am 99% certain that with my insane manic brain and your research. This will be the easiest most fun money I’ve ever made in my life. God is good all the time I’m half Computer and half sentimental bullshit.❤❤❤

[@chadakoin1]

Hope for the proposed "Mullet" pick up is fading fast.

[@Peter_Thornton]

Don’t worry- the pumper channels will tell you to buy the dip!

[@olideuce176]

You should take a look at Lion Electric and make a video about it while you’re at it, their history and current pace looks similar.

[@JS-rz5gx]

Burned 450 million to sell 28 cars?😂

[@ChristoherWGray]

Another SPAC bites the dust.. Where is Chalmath lately?

[@johns5558]

Just make shit up and take investor money. Shameful.

[@bryce.ferenczi]

Honestly I'd like to know who is actually buying this shit. So many of these frauds are genuinely obvious, where do they find the fools that will donate them money?

[@miseseconomics]

You can thanks 0% rates. These companies are flying pigs

[@gswdeclan]

There are a bunch of dummies trying to hype up the similarly fucked FFIE. Meme stock apes can be talked into flushing their money into any obvious pump n dump

[@rich1839]

Jail please. This terrible CEO needs prison

[@mikafiltenborg7572]

The CEO of scam compagny Mullen Automotive, is just a lying money-greed criminal scammer and fraudster. He will end up in prison some day ‼️😎

[@xiaoka]

Somehow makes Henrik Fisker seem trustworthy. 😂

[@RANDsreviews]

Thank you! Didn’t know much about the company. I know some people who lost a lot of money.

[@mamotalemankoe3775]

I lost it when Big Smoke made an appearance at the end with his magic boondoggle. This did not disappoint, reality is wilder than fiction.

[@Nick-ue7iw]

Aging wheels has four of those CODAs, and who boy, there's a reason they didn't sell.

[@tegridyfarms6197]

"promising to become the next Teslas" no wonder they all failled just imagine I would try to sell the idea of creating the next FTX, Theranos or Enron. Trying to clone an investment cult ain't easy.

[@midnightfenrir]

Is it me or is the EV scam bubble always the same? Start with some iPhone looking toy that'd break the bank for the average person, while promising a much cheaper alternative in the future. Shop for a Chinese company to partner with, who is either going to provide parts or technology. Stall for time by making something for the commercial sector, like a cargo van or a semi truck replacement. Sell like 5 of these to some shipping company that will only use them for limited trial. Go out of business after selling 200 units.

[@skierpage]

It differs in the details. Aptera, Canoo, Nikola, and REE aren't (yet) partnering with a Chinese company. Nikola converted Iveco's European truck to battery/hydrogen. Aptera isn't going for the commercial sector.

[@muhdiversity7409]

Is this the company that spent more on the CEO's jet than they made in profit ?

[@justinrobb5975]

No that was another but could also be the case here

[@skierpage]

That is Canoo which reimbursed its CEO Tony Aquila $1.7M for use of his jet in 2023, twice its _revenues_ - these EV startups have no profits, only huge losses. MULN had a joke $22M in cash at the end of Q1 2024 (it still hasn't released its financial statement for Aoril-June, ano2ther bad sign); Canoo only had $4,5M in cash and cash equivalents at the end of Q2 2024!! If you don't actually make cars, you can hang around for a long time milking dumb investors.

[@edpip82]

Excellent video! Very Informative!

[@gonegolfn07]

Next you gotta do HMBL, and how Brian Foote and George Sharp pulled off the largest pump and dump in OTC history.

[@beautyisontheinside]

I feel like Aptera will end up similar

[@alexdhall]

16:03: I remember watching that segment on WUSA9 (Washington DC CBS affiliate). All of is snake oil. The good thing is DC never bought completely into it and pulled out after figuring out that product was 💩!

[@Paolo040]

😂 Hardge and the Mullen CEO look like Better Call Saul characters

[@dardo1201]

Kinda felt bad when i saw the pic of Lawrence Hardridge at 15:56 and yelled out “oh wow it’s Big Smoke”. “All you had to do is double the goddamn battery range CJ!”

[@ljkking622]

Makes me sad the money I lost on $MULN.

[@LinuxAndThings]

Notification squaaaaaad

[@trueKENTUCKY]

Polestar about to implode too

[@Jeez001]

Geely ruined Volvo so they can get a EV brand (stole the name of Volvo performance arm) and they can sell overpriced rebadged versions of their car.. Funny enough they didn’t do any brand name analysis if they had they would realized polestar is another name for a stripper 😂

[@paulinejackson5861]

Such a shame. They look so nice, those cars.

[@geraldh.8047]

Polestar will only fail if Geely decides to let if fail. I don’t think Geely will do that.

[@samsonsoturian6013]

Never heard of them

[@miseseconomics]

Rivian also

[@j2simpso]

I don't think it's fair to compare Mullen Automotive with a train wreck. Say what you will about train wrecks, but usually something is salvageable there. Maybe the cargo, but at the very least the bare metal that made up the train cars could be salvaged for some value. The same cannot be said about the company per your reporting.

[@bikinggreg]

People are dumb.

[@williambrasky3891]

The Mullen GT definitely used 2nd gen Mitsubishi 3000GT headlights. Do you know how expensive those were in the mid to late oughts? Probably less than they are now, but when I had to buy one in ‘07 it was over 500 bucks, for a single headlight. With inflation, that’s gotta be close to 3 quarters of a million dollars, for one measly headlight assembly! Or that’s what it felt like when I had to shell out for one when I was in high school anyway. What a sad waste of a beautiful piece of peak 90’s Japanese sports car engineering. It’s blasphemy! Burn Thee false idol! Burn the witch! Avert yer eyes me little mateys of god, Arrgh!

[@brettbordelon]

Just drove by their factory in Mississippi. They have 200-300 built vehicles in the back.

[@timjordanLA]

Signed up for the short selling

[@mifonta]

I learned the hard way!

[@NightSentinel51]

One look at these "inventors" and you can see the only thing they invented was a way for them to get into people's wallets.

[@nunyabiness181]

You know what they say, once a securities fraudster, always a securities fraudster.

[@andromedach]

Aptera isn't far behind :)

[@LoveClassicMusic0205]

Seriously, I have never even heard of this company.

[@creepinwhileyousleepin]

13:50 LOL the ole bad signal ploy

[@matthewkim983]

I lost it when I saw that 😂😂😂

[@BattleManiac7]

I felt second hand embarrassment. Who would believe that? Lol

[@JakeInvest]

they need to make 1 vehicle at a time, sell it, and then make another one. why they making 3 different cars before selling anything

[@DrMeisterBabylon]

The good survive, the chaff get weeded out. Free market working as intended.

[@skierpage]

But the chaff hang around for _years_ ! Mullen, Aptera, Canoo, Einride, Nikola, REE, XOS are all zombie EV companies without enough cash to enter volume production, but they stick around paying their executives in money and stock.

[@LoserwinS1]

Imagine if you used the energy management module AND one of those OBD horsepower mileage doubler devices - you could have 1500hp and 1000mi range!

[@kcgunesq]

Can someone explain to me the difference between a solid state cell and a capacitor?

[@PearComputingDevices]

I am thinking about designing a Yugo type of EV featuring this black box, powered it all by a 9 volt battery located under the driver's seat. It will also double as a heater for the driver 😅 Y'all got some millions to invest? Daddy needs a new plane lol

[@Mister-Sinner0]

Hell if i could choose i would pay myself millions, fuck the company.

[@jasonz7788]

Thanks 👍

[@2wheelparts]

Perfect material for a new episode of American Greed

[@Johnmartins648]

7:20 look at the dents all over the battery…

[@socialhans]

Hi. How do I get in contact with the channel owners? I have an idea that I want to talk to someone about.

[@Shambles7698]

EV in fact was never about to save environment 😉

[@geraldh.8047]

It’s about torque and performance and fun while driving, actually.

[@matt.stevick]

@@geraldh.8047combustion engine, cars with souls … that’s the real fun.

[@geraldh.8047]

@@matt.stevick you know what might REALLY have something you could call a soul? A horse.

[@matt.stevick]

@@geraldh.8047 they are fun too. dangerous.

[@skierpage]

Every recent lifecycle analysis concludes that overall an EV has much lower pollution and greenhouse gas emissions than a comparable gasser. It's better for the environment not to own a 2-ton manufactured good at all, but if you're going to drive a car, an EV is definitely better than.burning through literally tons of dirty fossil fuel in operation. And since the majority of new generation in the USA and globally is wind and solar, every EV on the road will only get cleaner.

[@sutats]

Good grief inesting in them. Always DYOR.

[@mrpetelara]

This Video is Fantastic