Stellantis (STLA) Shares Plunge 7.88% Amid Tariff Woes

Stellantis (STLA) shares plummeted 7.88% today, marking the fourth consecutive day of decline, with a cumulative drop of 24.31% over the past four days. The share price hit a record low, experiencing an intraday decline of 9.40%.

Stellantis is grappling with tariffs that have impacted its production facilities in Mexico and Canada. The company is implementing a program to assist suppliers in mitigating the costs associated with these tariffs, which could have implications for its financial performance and stock price.

Concerns about Stellantis' sales and electric vehicle (EV) strategy have raised questions about the sustainability of its 12% dividend. This uncertainty may make the stock less appealing to investors, contributing to the recent decline in share price.

O Shaughnessy Asset Management LLC and AllianceBernstein L.P. both reduced their stakes in Stellantis during the fourth quarter. This move suggests a potential lack of confidence in the stock's future performance, further influencing investor sentiment.

Stellantis has engaged McKinsey to support Maserati and Alfa Romeo amidst tariff pressures. This strategic move indicates potential changes or challenges that could impact the company's stock performance, adding to the overall market concerns.