Stellantis (STLA) Stock: Worst Day Ever as $26.5 Billion EV Bet Backfires

TLDR Stellantis stock plummeted 22% Friday after revealing a $26.5 billion writedown tied to pulling back on electric vehicles. The carmaker expects a $19-21 billion net loss for H2 2025 and canceled its 2026 dividend. Lower EV demand forced Stellantis to overhaul its product roadmap and strategy. Cash outflows of $6.5 billion are expected over [...]

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