Porsche’s stock fell more than 7% Monday after warning that delays in its electric vehicle rollout will hurt 2025 earnings. The German carmaker said it will slow its EV push as demand weakens, caught between electrification and iconic petrol-powered sports cars. Parent company Volkswagen shares also dropped 7% after announcing billions in spending to overhaul Porsche’s vehicle lineup. Porsche reduced its projected profit margin from up to 7% to 2% or less, citing U.S. import tariffs, declining Chinese luxury market, and slower electric mobility adoption. The company will delay newest EV launches and extend combustion engine production despite Europe’s 2035 ban on new petrol and diesel car sales.