Ferrari Cuts Electric Vehicle Goals Amidst New EV Launch
TL;DR Summary
Ferrari's shares dropped over 14% after the luxury carmaker revised its revenue forecasts and halved its electric vehicle sales target, citing market conditions and a client-centric approach, while unveiling its first electric model set for delivery in late 2026.
- Ferrari shares plunge 13% after carmaker updates guidance, halves EV sales target CNBC
- Ferrari reveals Elettrica but dials down 2030 electrification goals Reuters
- Ferrari Reveals Its Electric Powerhouse, and What Could Finally Be Real EV Sound WIRED
- Ferrari Scales Back Electric Ambitions as It Unveils First EV Bloomberg.com
- Ferrari halves electric vehicle target Financial Times
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