Porsche rolls out its first all-electric SUV
By Steve Goldstein
Porsche on Wednesday rolled out the electric version of its Macan sport utility vehicle, coming at a time when Tesla and other EV makers are encountering flagging demand.
From Singapore, Porsche unveiled the $78,800 Macan 4 and the $105,300 Macan Turbo.
The rollout didn't help Porsche's (XE:P911) struggling stock price, which fell 2%; Porsche shares have skidded 38% since late May.
Porsche has previously reported that deliveries rose 3% to 320,221 in 2023, but the automaker was targeting "stable" sales this year amid challenging conditions in China.
Related: Tesla's 'train-wreck' earnings call has even the bulls begging executives to act like adults
-Steve Goldstein
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
01-25-24 1022ET
Copyright (c) 2024 Dow Jones & Company, Inc.-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Q4 Stock Market Outlook: Where We See Opportunities for Investors
-
Markets Brief: Non-Farm Payrolls in the Spotlight Again
-
This Cheap Stock Is Still a Buy Even After 50% Rally
-
10 Top-Performing Dividend Stocks of Q3 2024
-
33 Undervalued Stocks
-
Communication Services: Cable’s Broadband Dominance Isn’t as Strong as It Once Was
-
Technology: Strength Continues, With Software Presenting the Best Buying Opportunities
-
Best- and Worst-Performing Stocks of Q3 2024
-
Top Stocks to Own From the Best Fund Managers
-
2 Cheap Stocks Top Managers Have Been Buying
United States