Porsche's stock plummeted by over 7% after announcing delays in its electric vehicle (EV) rollout, which is expected to negatively impact its 2025 earnings. The company plans to slow its EV push due to weakening demand and increased competition.

• Porsche reduced its projected profit margin from up to 7% to 2% or less.
• Volkswagen, Porsche's parent company, also saw its shares fall by over 7%.
• The company cited US import tariffs, a decline in the Chinese luxury market, and the slowdown in electric mobility as key challenges.
• Porsche will delay launches of new EVs and extend production of combustion engine models, even as the European market faces a 2035 ban on petrol and diesel car sales.