Wall Street Breakfast Podcast: Stellantis Pays $26B For EV Bets

Stellantis Overview - Stellantis (STLA) will incur charges of approximately €22.2 billion ($26.18 billion) for the second half of 2025 due to a reset in its business strategy amid weak demand for electric vehicles [3] - The company's shares fell about 14% in early trading following the announcement of these charges [3] - CEO Antonio Filosa stated that the charges reflect an overestimation of the energy transition pace and previous operational execution issues [3] Financial Implications - The charges will include cash payments of around €6.5 billion ($7.66 billion) to be paid over the next four years, related to cancelled products and adjustments in battery manufacturing capacity [3] - Stellantis announced it will not pay an annual dividend in 2026 as part of its financial restructuring [4]