Stellantis Stock Plummets 24% Amid EV Struggles, Analysts Spot Value
Stellantis shares cratered 24% after management slashed dividends and announced $26 billion in write-downs tied to underperforming EV assets. The automaker's operating profits collapsed from $25 billion to under $10 billion, with 2025 guidance now in jeopardy.
In a strategic pivot, Stellantis is quietly reintroducing diesel models across Europe as EV sales disappoint. New CEO Antonio Filosa unveiled a $13 billion U.S. investment plan featuring five new vehicles, betting on traditional manufacturing strengths to stabilize operations.
Despite the brutal selloff, analysts highlight compelling valuation metrics—shares trade at 0.15 times sales versus Ford and GM's 0.3-0.4 multiples. The market's punishing reaction may have overshot fundamentals, creating potential upside for contrarian investors.
