Shares of Stellantis (STLA) are trading lower Friday after the company announced a shift in its electric vehicle production strategy in response to new...
) are trading lower Friday after the company announced a shift in its electric vehicle production strategy in response to new European Union tariffs. The tariffs, set to begin July 6, have prompted the automaker to move production out of China to combat costs.All right, let's take a look at Stata shares are falling this morning after the carmaker saying that it would ship production of some electric vehicles away from China due to New European Union tariffs.
So again, this is just a another uh potential uh problem or risk I guess associated with the stock coupled with the fact that that demand clearly not living up to those expectations and that overall has already been an overhang on ST and many of its competitors up until this point.Story continues So it's certainly not been a horrific performance over there looking year to date here stateside, it is looking a little bit worse down 14% but certainly experiencing some of the broader headwinds that ev makers and carmakers in general have been experiencing here as well.
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