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Barchart
Barchart
Wajeeh Khan

How Should You Play the Bloodshed in Stellantis Stock Today?

Stellantis (STLA) shares crashed more than 25% this morning after the automaker warned a “major EV reset” will trigger a massive €22.2 billion ($26.5 billion) impairment charge.

Also on Friday, the car company suspended its full-year dividend to “preserve” its balance sheet, adding it overestimated the timeline for the global transition to electric vehicles (EVs). 

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