Ferrari Shares Plunge Toward Worst Day Ever As Guidance Worries Analysts

Ferrari unveils chassis of its first electric car, but shares plunge as financial outlook disappoints

Ferrari has unveiled technology - new powertrain and chassis - that will power its first electric car, scheduled for launch next year.  However the Italian carmaker also scaled back its electrification plan, and its revised profit and revenue forecast disappointed investors sending its stock down 15%.  But first, amid the ongoing political chaos, we look at how French businesses are struggling to plan ahead.

Ferrari shares drop at worst possible time for luxury carmaker

Ferrari's shares fell 15% on Thursday on disappointment over the luxury carmaker's new long-term financial targets, taking the shine off the unveiling of the technology behind its first electric car.

Prancing Horse Goes Electric? Ferrari Gives Details Of 1st EV, Shares Tumble

Ferrari will begin its cautious shift to electric vehicles in 2026 with its first battery-powered four-seat coupe, but shares plummeted over a long-term profit outlook that fell short.

Ferrari Shares Plunge Toward Worst Day Ever As Guidance Worries Analysts

The luxury automaker also scaled back expectations for its new electric vehicle business.

Electric Ferrari, what the new Prancing Horse car will be like – The Observatorial

Ferrari presented the strategic plan to 2030raised itarget del 2025and revealed the first details of theelectric carwhose firstdeliveries will take place at the end of 2026. But the title iscollapsed in Piazza Affari recording in the final aplunge of 15.41%black shirt from the price list. The analysts have judgedthe estimates are disappointingin particular for theEbitdaindicated […]