Stellantis falls, kicking the week off with a trifecta of bad news

Jeep maker Stellantis opened Monday up with a trio of unwelcome news items that sent its shares lower in early morning trading. The stock was down by as much as 5% premarket and opened down more than 3%.

The automaker was downgraded from “buy” to neutral by Bank of America, with the firm forecasting sales to come in down 15% for the first half. BofA slashed Stellantis’ price target by more than a third to $11.74.

Stellantis is also being dinged by a report that its Italian production plunged 27% in the first half of 2025, down even lower than last year, which was a nearly 70-year low. Additionally: a report that Stellantis is facing an NHTSA probe, covering more than a million Ram trucks, over transmission issues that could cause the vehicles to roll away.

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SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

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