Stellantis Gets Tariff-Punched Into a $2.7 Billion Loss as New CEO Starts Cleanup

Can we all just agree right now that Boeing and Stellantis are the Kimmy Giblers and Buster Bluth of public markets? Case in point: Stellantis, the global car conglomerate behind Jeep, Dodge, Chrysler, Fiat, Peugeot… and a long list of brands my dad used to care about… just dropped a preliminary financial bomb: a $2.7 billion net loss in the first half of 2025. Oof.

(Source: Giphy) 

Apparently, this is what happens when tariffs, restructuring costs, and executive all have an orgy in a single fiscal quarter. Not to mention the fact that this  flaming wreck of a guidance-free earnings preview comes just weeks after CEO Carlos Tavares abruptly bolted, handing the wheel to Antonio Filosa, a Jeep brand insider now tasked with reversing a North American death spiral while Europe burns in slow motion. And to no one’s surprise, Stellantis did the smart thing and “just got it over with” by publishing its unaudited figures early. Which is a rare move reserved for situations where analyst expectations are so far off the mark they might as well be doing Ouija board forecasting LOL. 

(Source: CNBC) 

But alas, this is 100% death by a thousand cuts. Revenue is down from €85 billion to €74.3 billion year-over-year. Shipments dropped 6% globally and an eye-watering 25% in North America, where tariffs slapped on imported vehicles and a slowdown in fleet sales torched volumes. Filosa, who literally lives in the U.S., has now inherited a factory floor full of bad decisions and an investor deck that looks like it was written in invisible ink.

Oh, and when it comes to tariffs, Stellantis took a €300 million hit just in the first half, and that’s before the full weight of Trump’s tariff regime really starts hitting the hammer. Additionally, the company also racked up massive restructuring costs by pulling the plug on hydrogen projects and pivoting (again) from EVs to hybrids. Bigly. 

(Source: Bloomberg) 

Keep in mind, since April, Stellantis has been flying earnings-blind, withdrawing full-year guidance while trying to convince analysts that “trust the process” is a strategy. Instead, they’ve delivered a sort of meta-earnings call in the form of Monday’s damage-control press release, essentially admitting: “Yeah, we still suck”. Investors obviously agreed as shares were yeeted another 2% to 3.8% in Milan and are now down 28% year-to-date. 

To be fair though, this isn’t necessarily Filosa’s problem. It is, but it’s more his burning inheritance than anything. For instance, the new CEO has been handed a gutted North American operation that was once the cash engine of the group. He’s been handed shrinking shipments and margin compression across Europe, while abandoning hydrogen partnerships only for Chinese EVs to steamroll into EU markets. And now, he’s been giving a beautiful present wrapped in a trade war that's threatening to turn Stellantis into the next case study in “how not to globalize”.

Live look at Stellantis investors, probably… 

(Source: Giphy) 

So to his credit, Filosa seems to be ripping the Band-Aids fast. The company’s pivot toward hybrids is pragmatic if not inspired, and he's already slashing dead-end projects like the hydrogen JV with Michelin and Forvia. But the reality is this: Stellantis isn’t fighting one fire. It’s trapped in a four-alarm inferno of its own making, and every hose has a tariff on it. As for investors, this a strategic reckoning… and the worst part? July 29th’s official earnings release may not offer much hope either. 

But what Filosa says… especially around production, hybrid strategy, and U.S. manufacturing reshoring… will be key for institutional holders trying to figure out if this is a turnaround story or just a slow-motion implosion. Of course, we’ll see how it shakes out… but for those thinking this is a dip buy… I’d really think twice. Meaning, keep your eyes on Stellantis and place your bets accordingly. Until next time, friends… 

At the time of publishing, Stocks.News does not hold positions in companies mentioned in the article.