Stellantis Stock Tanks

[jroyk]

Down 14% today. 40% on the year.

 

[MiHiHemi]

People are making some $$$ shorting that stock

 

[drag racer]

go woke, go broke. self-inflicted suicide

 

[jgilj]

Gee I wonder why dumb dumbs

 

[Boris]

go woke, go broke. self-inflicted suicide

I don't think this is so much going woke.
I think they just have no clue how to run a car business.

Where is any of the investment money going?
Seems like they fired all the engineers, fired a bunch of the work force, 0 new products coming out.
Killed their V8 (I will say the Hurricane is a sweet engine but they need products with it).
Killing sales by having the highest price increases of any major brand since 2021.

The woke part is just killing the V8 for an EV. The EV's are not even out yet. This was just terrible business leadership. And how Tavares even has a job is beyond me.
You can only cut so much, but that fucker thinks he can cut out all of the US production and engineering. What shortsighted planning on their part.

 

[2ndAmend]

They had the tools to continue to do great things, but instead they threw it in the trash and made many really stupid decisions. Maybe because corporate is comprised of people raised in socialist EU countries and think that obeying the gvt assures success. But there is absolutely no excuse for taking a golden goose and lopping its head off. It feels like revenge, but as the Ferengi said, "There is no profit in revenge".

It almost feels like Freedom is their enemy.

 

[jroyk]

This can't help.
Jeep urges 194,000 plug-in hybrid SUV owners to stop charging and park outdoors due to fire risk (yahoo.com)

 

[Under-Pressure]

I don't think this is so much going woke.
I think they just have no clue how to run a car business.

Where is any of the investment money going?
Seems like they fired all the engineers, fired a bunch of the work force, 0 new products coming out.
Killed their V8 (I will say the Hurricane is a sweet engine but they need products with it).
Killing sales by having the highest price increases of any major brand since 2021.

The woke part is just killing the V8 for an EV. The EV's are not even out yet. This was just terrible business leadership. And how Tavares even has a job is beyond me.
You can only cut so much, but that fucker thinks he can cut out all of the US production and engineering. What shortsighted planning on their part.

Stellantis has no interest in the US car market. It was an attractive investment that is getting sucked dry. Profits, shared technology & the big one…. Tax payer EV money funneled overseas. All that’s left is sell the RAM & Jeep brands, sell some real estate & bankrupt Dodge / Chrysler.