Porsche's Stock Dives Amid EV Delays and Profit Warnings
TL;DR Summary
Porsche is reversing its plan to make the 718 Boxster and Cayman fully electric, confirming that the next generation will still feature internal combustion engines, likely in the top versions, while maintaining a focus on traditional gas-powered driving alongside upcoming electric models.
- It's Happening: Porsche Confirms New Gas Boxster and Cayman Motor1.com
- Porsche shares shed 7% after cutting outlook CNBC
- VW takes $6B hit on Porsche’s pullback from EVs Automotive News
- Porsche shares plunge after delayed EV launch hits guidance Reuters
- Porsche Stock Skids After Profit Warning The Wall Street Journal
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