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.
For startups like Bollinger Innovations, Inc. (NASDAQ: BINI) that specialize in producing BEVs, the choices on the way forward are relatively easier to make since they aren’t being compelled to change from…
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