Slowing EV Sales? Don't Tell This Automaker.
One of the greatest pieces of investing advice of all time, from Warren Buffett, is to be fearful when others are greedy, and greedy when others are fearful. It seems that the automaker Stellantis (NYSE: STLA) has truly taken that to heart.
At a time when electric vehicle (EV) growth in the U.S. has slowed compared to expectations, and many major automakers are making significant reductions to their EV strategy, Stellantis is charging ahead.
With EV growth failing to reach the heights many automakers expected, it has caused many to adjust their strategies. The reason is simple: Losses are significant. Take Ford Motor Company (NYSE: F) for instance, which stands to lose up to an estimated $5.5 billion on its Model e division in 2024 alone.
Source Fool.com
