NASDAQ:$Mullen Automotive (MULN.US)$ continued its momentum...

NASDAQ: $Mullen Automotive (MULN.US)$ continued its momentum from earlier in the week as the startup EV maker has now gained more than 144% since Monday. It was yet another bullish day on Thursday as all three major indices extended their rally and closed higher for the third consecutive day. Even with the price of rebounding for its largest gain of the week, the Dow Jones added a further 417 basis points, the S&P 500 added 1.23%, and the NASDAQ extended its winning streak with 1.33% gain.

It was yet another positive headline for $Mullen Automotive (MULN.US)$ this week after its solid-state battery technology was highlighted, as well as a recent article from CarBuzz that featured its FIVE crossover EV. Investors should still be aware that Mullen is a speculative, pre-revenue penny stock with a market cap of only $85 million. With production still at least a year away, Mullen wouldn’t be the first EV startup to not reach expectations.