If playing catch up with Tesla is what everyone in the auto industry is about then Stellantis, the company formed from the merger of Fiat Chrysler and Peugeot, has had a good start – its shares have far outpaced its U.S. rival in its inaugural year.
Fixing its business in China and overcapacity in Europe are just two areas where analysts want to see StellantisRegister now for FREE unlimited access to Reuters.comAfter all, despite its shares surging more than 60% since their debut on Jan. 18, 2021 - compared with a 27% gain for Tesla'sA strong first year augurs well, though, with Jefferies analysts saying Tavares has shown vision and ambition with a "sustained stream of strategic initiatives.
All this despite facing a semiconductor and supply chain crunch that cost global automakers millions of vehicles in lost production last year and is not expected to ease quickly. This at a time when Tesla is leading the industry transition to an electric and software-driven future with a single brand and a highly focused strategy.
"When you love them, you give them a chance," he said, adding each brand would be given 10 years to prove itself profitable.
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