EV manufacturer Mullen Automotive (MULN) faces serious financial challenges. Plagued with repetitive losses, the company has been employing aggressive strategies such as reverse stock splits to maintain its NASDAQ listing, and it has taken steps to stabilize its financial position, announcing the sale of up to 85 million shares on the conversion of notes and exercise of warrants. The company's efforts to bolster its standing extend to new product offerings, leadership changes, and the securing of substantial orders, all while facing the harsh reality of dramatic losses.