Mullen Automotive Inc MULN shares are trading lower. The company on Wednesday provided a financial performance update for the second quarter.

What Happened: EV manufacturer Mullen reported second-quarter GAAP revenue of $3.18 million as of March 21. The quarter-to-date revenue total represents a 189% increase versus full-year 2024 GAAP revenue of $1.1 million.

“Our fiscal Q2 will close with our strongest revenue performance to date. Our revenue and overall momentum continues to build at a strong clip, demonstrating solid sales growth opportunity for both Mullen and Bollinger commercial vehicles,” said David Michery, chairman and CEO of Mullen Automotive.

Mullen is currently selling the Mullen ONE, its Class 1 EV cargo van, and the Mullen THREE, its Class 3 EV cab chassis truck. The company also began delivering Bollinger B4 vehicles to customers in October.

See Also: Canada Bars Tesla From EV Rebates Programs In Response To ‘Illegitimate And Illegal’ US Tariffs

How To Buy MULN Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Mullen's case, it’s in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

MULN Price Action: Mullen Automotive shares were down about 7.59% at $0.226 at the time of publication Wednesday, according to Benzinga Pro.

Photo: courtesy of Mullen Automotive.