Porsche Automobil Holding SE (PAH3)

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Porsche Automobil Holding SE Profile

Porsche Automobil Holding SE (PAH3.xetr) is a German multinational corporation headquartered in Stuttgart, Germany. Porsche SE is primarily known as a holding company of Volkswagen Group with investments in the automotive industry. The company manufactures luxury and precise-handling sports cars and electric vehicles (EV), operating through more than 650 dealers globally. Porsche SE is traded on the Frankfurt Stock Exchange (FWB), has a $27.7B (USD) market cap, and employs 36,359 as of 2020. Porsche Automobil Holding SE had a record year in 2020 since it has sold 272,162 cars worldwide, a drop of only 3% from 2019's record figures. Following Volkswagen’s continuous aggressive spendings on electric vehicle technology, Porsche is represented by the Porsche Tycan model in the EV industry; it ranks third among the electric vehicle manufacturers, just before Tesla and the industry’s leader Hyundai - represented by the Porsche Tycan EV.

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

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Source - database | Page ID - 10004

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