On June 15, 2020, Mullen Technologies announced a merger agreement with payments-as-a-service platform Net Element, Inc.,[7][8] which was completed in November 2021.

[11] However, in November 2021, Mullen purchased a facility in nearby Robinsonville, Mississippi instead, forgoing the Tennessee site.

[12] In February 2022, an article by Fuzzy Panda Research presented Mullen acquisition and bankrupt commercial EV manufacturer Electric Last Mile Solutions[13] as an "EV Pretender – Passing Off Chinese Imports as "Made in the USA"; Booking Fake Revenue of Fully Returnable Products".

[14] In April 2022, an article by Hindenburg Research presented Mullen as one of "the worst [electric vehicle] hustles" in recent history.

The Mullen Three is a three-seat, cab-over class 3 last-mile delivery truck with a 60/120Kw (rated/peak) Jing-jin electric engine generating 150/320Nm of torque.

[2] Despite Mullen Automotive Inc being unprofitable, Michery has continued with a base salary of US$750,000 per year and received a number of performance awards totalling over $40M as of September 2023[update].

[20][21] On August 31, 2023, Michery, along with Wes Christian, appeared on Fox Business's Making Money show hosted by Charles Payne to discuss the Mullen "Naked Shorting" lawsuit filed against TD Ameritrade, Charles Schwab, and National Finance Services, in which Michery alleged illegal short selling of Mullen stock by the defendants.