Stellantis stock price plunges as €22.2 billion EV reset charge jolts investors
New York, Feb 6, 2026, 12:56 PM EST — Regular session
Stellantis N.V. shares plunged around 24% to $7.21 in midday New York trading on Friday, after the automaker announced a €22.2 billion ($26.5 billion) writedown tied to scaling back its electric-vehicle ambitions. The stock touched a session low of $6.77. In Milan, shares tumbled as much as 24%, triggering a brief trading halt following the early slide. 1
The charge hits investors who are already jittery about the pace of consumer adoption of battery cars and the heavy spending legacy automakers face to stay competitive while protecting profits on their traditional models. For Stellantis, the selloff throws cash concerns into sharp relief: how much it will cost…
