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).

[@ray-mc-l]

Investors can sue you and get their money back. Just fighting them in court would eat up the money you made.

[@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

[@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?

[@bubba99009]

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

[@sajidsh911]

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

[@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.

[@punchtalestudio]

The CEO looks like right off the Sopranos

[@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?

[@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 😂

[@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

[@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.

[@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?

[@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.

[@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.

[@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.

[@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 ❤️

[@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. 😔

[@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.

[@ray-mc-l]

how money works is basic and lazy. same annoying stock footage over and over again.

[@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...

[@dlanor15]

Remember when the management blamed everything on short sellers? 😂

[@dylanjimenez1952]

they have nothing different, they are just rebadged Chinese cars

[@intruder313]

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

[@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

[@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.

[@Daint_McTaint]

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

[@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

[@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

[@jamesbillingsby8043]

The hardcore investors of mullen truly need to be studied.

[@stellviahohenheim]

Probably really wealthy people with nothing to lose

[@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.

[@kass794]

Con artist walks away with millions 😳

[@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. 🥲

[@SpaceWarlock]

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

[@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.

[@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.

[@corkyromano3808]

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

[@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

[@johns5558]

Just make shit up and take investor money. Shameful.

[@miseseconomics]

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

[@Nick-ue7iw]

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

[@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.

[@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.

[@chadakoin1]

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

[@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

[@paulblack8887]

Limited liability is a blessing and a curse for society.

[@bikinggreg]

People are dumb.

[@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.

[@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.

[@gonegolfn07]

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

[@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.

[@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 💀

[@khathecleric]

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.

[@Frootyloops629]

Legendary interview

[@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.

[@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

[@ChristoherWGray]

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

[@LegendaryPhenom]

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

[@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!

[@andromedach]

Aptera isn't far behind :)

[@Shambles7698]

EV in fact was never about to save environment 😉

[@geraldh.8047]

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

[@MatthewMS.]

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

[@geraldh.8047]

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

[@MatthewMS.]

@@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.

[@SchlangeVonEden]

It's the "self-taught" inventor that did me in. He certainly looks like one; surely the gold chain was awarded him for scientific achievements. So unfair for people to, like, be hardging his style. The fraud was totally accidental, honest! 😂

[@Paolo040]

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

[@bd5612]

McDonalds and their industry peers are out of their minds to insist on passing their higher costs onto their customers. Once consumers are forced to create other habits (and try foods that are not highly addictive and also killing them and also make them feel awful every day), those consumers will never come back. McDonald’s should have weathered the inflation crisis by selling their puckburgers at a loss, just to keep their customer base addicted. Weaning yourself off shitty fast food is a one-way street. You never go back, and it’s not like they can recruit new customers from today’s youth, who get their dopamine from their phone instead of junk food and who decided that it’s cool to be healthy.

[@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

[@LoveClassicMusic0205]

Seriously, I have never even heard of this company.

[@CaptTerrific]

5:10 imagine you successfully invented a solid state rechargable battery, and instead of choosing to become a the world's richest person by selling batteries, you instead choose to keep the tech solely for your car startup 😂 who does this guy think he was fooling?

[@F.u.Belitong]

Some times human ambitions makes human bankrupt instantly after starting the ambitious projects were coused by bad risk managing, bads marketing and bad bussines systems.

[@beautyisontheinside]

I feel like Aptera will end up similar

[@life_of_riley88]

The SEC is supposed to actually keep fraudulent companies from going public. . . they're not very good at their jobs.

[@big-bradlol5908]

I'm still hoping Mullen goes green and stays green

[@ljkking622]

Makes me sad the money I lost on $MULN.

[@zacharyhenderson2902]

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

[@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.

[@kevind2760]

When I saw the Mullen SUV at the Los Angeles Auto Show I fell in love. I mean it. Go look at the graceful hips for the rear wheels. The most graceful body ever. Too bad.

[@skierpage]

"Prototypes are easy, volume production is hard, positive cash flow is excruciating" -- Elon Musk

[@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

[@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 💩!

[@MarlinWilliams-ts5ul]

Wait a minute, sold 28 cars? Well, who needs to sell cars? The important thibg is to gain favorable press reports for your climate and DEI efforts.

[@Vinny8El611]

David Michery’s next scam is YOTA 😂

[@Unknown_Ooh]

Cant wait for aging wheels to get ahold of one of Edison Motors trucks 😂

[@brokebuilt4827]

Their Facebook page is also a great resource. The comments on every single post are basically people wanting their money back.

[@timjordanLA]

Signed up for the short selling

[@dosmastrify]

4:25 That's funny for once an American company taking advantage of a Chinese one instead of the other way around

[@Johnmartins648]

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

[@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!

[@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!”

[@silverXnoise]

It’s almost like starting an automobile manufacturer is somehow not the quick and easy gig we all assume it is?

[@Kira-pc4mq]

just look at the ceo

[@felixcat9318]

I clicked on this to see the described video, but you took my presence as an opportunity to interrupt your own video with an advert for your own website and its services! That's not what I clicked on your video for, so this is the first and last time of clicking on anything by you...

[@uandme41]

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

[@zdrux]

"Plug this $5 Radio Shack-looking-doohickey and you double your battery size" .... like.. BRO, come on.

[@wildernesscapes]

wow, that's a train wreck that keeps on giving!

[@Trumpdog1]

Work vans are hard to come by. They would be crushing it now in 2024

[@mifonta]

If it’s a scam then why are there no legal repurcussions

[@edpip82]

Excellent video! Very Informative!

[@brianwest7344]

28 sales, probably still double canoos sales

[@brianwest7344]

Correction, I take it back Canoo has actually sold 22 vehicles 🤣

[@THEZMX195]

"Sentenced to 26 years but released after 5 years" o good, the justice system works as intended and he clearly learned his lesson

[@spoddie]

EVs are a lot easier to manufacture than ICE. If EVs are ever a profitable product then the major manufacturers will swamp the market.

[@miseseconomics]

That’s why they can’t live without government subsidies 😂

[@skierpage]

EVs are already profitable for Tesla, and even before it was making a profit, it had positive gross margins on ieach of its car models within a year of them starting production. Most legacy manufacturers are unwilling to invest the $billions to make lots of EVs at a small profit,, so they will continue to lag behind Tesla and the Chinese EV makers.