Ferrari's EV Debut Stalls: Stock Plummets on Cautious Outlook
Update: 2025-10-09
Description
Ferrari's stock price plummeted 16% after unveiling its first EV, the Elettrica, due to cautious financial forecasts that disappointed investors. Slower projected growth, scaled-back EV production goals (20% by 2030 instead of 40%), and underwhelming profit margin targets triggered a market sell-off, overshadowing the highly anticipated electric vehicle launch.
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