Jim Cramer discussed Stellantis N.V. (NYSE:STLA), noting its stock decline of 44% over the past year. HSBC raised the price target to EUR 10 and Morgan Stanley reduced the rating to Equal Weight. The firm announced a $26.5 billion EV business writedown, causing a 20% stock drop. Cramer believes the company has enough money to execute.

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Read more at Yahoo Finance: Stellantis (STLA) Was Devastating, Says Jim Cramer