Stellantis Stock: The Turnaround Of A Cinderella Now An Investors’ Darling

JEFF KOWALSKY/AFP via Getty Images Introduction Who said automakers can’t outperform the market? Everybody may think about Tesla (TSLA). And yet, since Stellantis (NYSE:STLA) debuted in early 2021 from the merger of former Fiat Chrysler Automobiles and Peugeot, this underdog has overperformed, trouncing Tesla and beating even the S&P 500 (SPY). Data by YCharts Why is this happening? And, even more important, is there room for investors to keep riding this favorable tide? Since Stellantis just released its FY2023 results, we have some fresh news and data to use to make some educated guesses about the path the company is…