Ferrari’s Electric Ambitions Meet Market Skepticism as Stock Plunges 16%
Ferrari's unveiling of its first full-electric supercar failed to impress investors, triggering a 16% stock drop—the steepest since its 2015 IPO. The luxury automaker's high-profile reveal, complete with a Las Vegas-worthy light show, contrasted sharply with Wall Street's lukewarm reception.
The company faces a paradox: its brand strength and pricing power could theoretically sustain margins in the EV market, where traditional automakers bleed cash. Yet rivals like Lamborghini and Porsche are retreating from electrification timelines amid softening demand. Ferrari's decision to charge ahead with its 'Elettrica' model now tests investor confidence in its ability to defy sector headwinds.