With Contender for Tesla Inc. (NASDAQ: TSLA) on Horizon, Net Element Inc.’s (NASDAQ: NETE) Proposed Merger with Mullen EV Bodes Well for Company
Mullen Technologies’ EV SUV “serious competition” for Tesla’s Model Y MX-05 will have more mass-market appeal than competition NETE has definitive agreement with Mullen outlining stock-for-stock reverse merger One of the most-recognized names in the electric vehicle (“EV”) world, Tesla (NASDAQ: TSLA), may be facing serious competition from several entrants into the EV space, including a lesser-known start-up, according to a recent “CarBuzz” report (http://ibn.fm/8kM9V). And Net Element (NASDAQ: NETE), a global financial technology and value-added solutions group, may stand to benefit from the news. “The Tesla Model Y is about to face some stiff competition from the Fisker Ocean and Mercedes EQA electric crossovers,”…