Mullen Automotive (ticker: MULN) experienced a substantial surge in its stock price, rising as much as 286% in a single day following announcements of new agreements that secured $14.4 million in funding. The stock's sharp increase has generated significant attention and debate among traders. Supporters point to the company's planned SUV launch in Germany scheduled for December and the potential for a short squeeze as reasons for the rally. However, critics warn of risks related to reverse stock splits and potential dilution, suggesting the price movement may be unsustainable. Concerns about further dilution have persisted among investors, with some noting the stock's price falling below $1.00 within the same month.