Porsche shares seen 6.2% lower after delayed EV launch hits guidance

Core Viewpoint - Porsche's shares dropped by 6.2% in early Frankfurt trading due to a reduction in the rollout of electric models, attributed to weak demand, and a lowered profitability outlook for 2025 [1] Company Summary - The German luxury sports carmaker has decided to slow down the introduction of its electric vehicle lineup [1] - The company has revised its profitability expectations for 2025, indicating a more cautious financial outlook [1] Industry Summary - The decision to scale back electric model rollouts reflects broader challenges in the automotive industry regarding consumer demand for electric vehicles [1]