Shares of Mullen Automotive Inc. MULN rose 3.3% in premarket trading Tuesday, after the electric vehicle maker announced the integration of its Persona technology into its commercial and consumer vehicles. Persona, originally developed for the Mullen Five sport-utility vehicle, is Mullen’s artificial intelligence-powered camera, sensor and video monitoring system that uses facial recognition to unlock and lock and customize vehicle settings for the driver. The company will showcase the technology during a U.S. tour, planned for fall 2023, and at the Consumer Electronics Show in Las Vegas in January 2024. “We are actively working on the broad commercialization of this AI-based proprietary technology,” said Mullen Chief Executive Officer David Michery. The stock, which had closed at a record low of 22.5 cents on June 14, has plummeted 93.1% over the past three months through Friday, while the Global X Autonomous and Electric Vehicles exchange-traded fund DRIV has climbed 17.3% and the S&P 500 SPX has gained 11.6%.
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