Stellantis Shares Dive as Company Announces Reset

Stellantis shares dived by as much as 28% in early morning trading Feb. 6 after the automaker announced it would take charges of $26 billion tied to an unsuccessful EV play. The automaker announced a “reset” after the notice of the charges, which Stellantis CEO Antonio Filosa said “largely reflect the cost of over-estimating the pace of the energy transition” (via CNN Business).