Porsche Might Kill Its Electric Sports Cars: Report [Yahoo! Finance]
PORSCHE AUTOMBL UNSP/ADR (POAHY)
NASDAQ:AMEX Investor Relations:
porsche-se.com/en/investor-relations
Company Research
Source: Yahoo! Finance
The automaker has a new CEO who took over on January 1, 2026, and he's reportedly considering suspending development of the two sports cars. According to Bloomberg , "people familiar with the matter" told the publication that the electric 718's rising costs and mounting development delays are hamstringing the project. Porsche ended previous-generation 718 production in October, with plans to roll out the EVs later this year. Murmurings of potential development issues arose in December 2024, when a report quoted an engineer who said the automaker was "well behind schedule" with the vehicle. Another report surfaced last May alleging Porsche had to pause development due to Northvolt's bankruptcy Then, in September, the automaker confirmed that the next-generation 718 would continue to offer internal combustion engine power. These would sit at the top of the model lineup, supposedly above the electric versions that might not happen now. We reached out to Porsche, but the automaker
Show less
Read more
Impact Snapshot
Event Time:
POAHY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
POAHY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
POAHY alerts
High impacting PORSCHE AUTOMBL UNSP/ADR news events
Weekly update
A roundup of the hottest topics
POAHY
News
- Porsche weighs scrapping electric models as costs climb [Yahoo! Finance]Yahoo! Finance
- EV Porsche 718 Boxster, Cayman May Be on the Chopping Block as Company Reassesses Strategy: Report [Yahoo! Finance]Yahoo! Finance
- Bertrandt Aktiengesellschaft (ETR:BDT) stock most popular amongst public companies who own 29%, while private companies hold 25% [Yahoo! Finance]Yahoo! Finance
- Porsche Faces Sales Slump and Leadership Change as EV Strategy Collides With Global Market Shifts [Yahoo! Finance]Yahoo! Finance
- Roger Penske’s 60th Anniversary Season Begins With Rolex 24 At Daytona Win [Forbes]Forbes