Would you buy this?

With a Market Cap of only $63.717 Mil, Mullen Automotive seems ridiculously cheap at the price of $0.26 per share.
But what I have learned over time is that penny stocks are often priced low for a reason: because they deserve it! And usually, it is the management team's fault.

Will it be able to make a solid pump or a short squeeze before another share dilution or a reverse stock split?

Looking forward to read your opinion about it!