Ferrari Shares Plunge as Investors Reject Its First Electric Car
Ferrari’s shares dropped after critics slammed the design of its first electric car, the Luce. Many compared it to mass-market EVs, triggering a sharp investor backlash.
Ferrari’s shares dropped after critics slammed the design of its first electric car, the Luce. Many compared it to mass-market EVs, triggering a sharp investor backlash.
Ferrari halved its 2030 EV goal (to 20%), keeping 40% gas engines for "agility." Its powerful electric car arrives in 2026.
Ferrari's Q2 revenue slightly missed estimates; shares fell in the biggest drop since the 2016 listing. Despite flat shipments, the full-year outlook is confident due to lower US-EU tariffs and planned price hikes.