Porsche Shares Slump as Company Faces Major Headwinds
Porsche just got hammered by investors after admitting what everyone already suspected: betting big on electric vehicles while your customers still want gas-powered sports cars is a recipe for financial disaster. The German luxury carmaker's shares tanked over 7% on Monday after the company slashed its profit margin guidance from a respectable 5-7% down to 2% for 2025, basically admitting they completely misread the market. The whole mess stems from Porsche trying to force an electric transition on customers who aren't buying it, literally. Rising U.S. tariffs, weaker demand, and China's economic slowdown have created a perfect storm that's forcing…