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Porsche shares fall on EV delay
Porsche shares fell over 7% on September 22, 2025 after the company warned that delays in its EV rollout will hit its 2025 earnings.
The German automaker said it is slowing its EV push as demand drops and will extend production of petrol-powered models.
Shares of parent company Volkswagen also dropped more than 7% after it announced plans to spend billions to overhaul Porsche’s vehicle lineup.
Porsche lowered its projected profit margin from up to 7% to 2% or less, citing US import tariffs, a weaker Chinese luxury market, and slower EV adoption.
🔗 Source: BBC
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