Ferrari Stock (RACE) Crashes as Elettrica EV Launch Disappoints and 2030 Vision Falls Short

Ferrari's electric dreams stall as investors hit the brakes

The Shockwave

RACE shares plummet after the Elettrica reveal fails to electrify markets. Ferrari's much-hyped EV debut sputters instead of accelerates, leaving analysts cold and shareholders scrambling.

2030 Vision Blurred

Future projections miss their targets by wide margins. The luxury automaker's roadmap to 2030 lacks the precision investors demand, raising questions about execution in the electric era.

Market Reaction

Traders dump positions as confidence erodes. The disconnect between Ferrari's heritage and electric future creates valuation headaches even the finest Italian espresso can't solve.

Another case of legacy automakers discovering that building electric vehicles requires more than just swapping engines for batteries—who could have predicted that except everyone who's been paying attention?

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The luxury automaker now expects adjusted earnings of €11.50 per share on €9 billion in revenue by 2030, both below the €9.8 billion revenue target analysts had forecast.

Ferrari Adjusts Its Near-Term Outlook

At its Capital Markets Day in Maranello, Italy, Ferrari also slightly raised its 2025 guidance. The company now projects profit of at least €8.80 per share on €7.1 billion in revenue, up from its earlier forecast of €8.60 per share on €7 billion.

Executives said most profit growth WOULD come from higher-margin limited-edition models and customizations rather than sales volumes, reflecting Ferrari’s focus on exclusivity over scale.

Ferrari Scales Back Its Electric Ambitions

Investors were more concerned by Ferrari’s revised electric vehicle strategy. After showcasing the chassis and powertrain for its first EV, the Elettrica, which will begin deliveries in 2026, Ferrari said electric models will now account for just 20% of its lineup by 2030. That’s a major downgrade from its previous goal of 40%.

The company said it plans to roll out an average of four new models per year between 2026 and 2030, with a continued emphasis on hybrid and internal combustion engines.

Ferrari Expands Customization and Global Reach

Ferrari plans to open new “Tailor Made” personalization hubs in Tokyo and Los Angeles by 2027, expanding access for clients to design bespoke vehicles. The MOVE aligns with its long-term focus on ultra-premium experiences and customer exclusivity.

Despite Thursday’s selloff, Ferrari shares remain up 43% year-to-date.

Is Ferrari Stock a Good Buy Now?

Ferrari (RACE) maintains a Moderate Buy consensus from 13 Wall Street analysts, reflecting ongoing cautious confidence in the automaker’s long-term growth story despite its recent selloff.

Out of the total ratings, 11 analysts recommend a Buy and two rate it as a Sell, with no Hold ratings issued in the past three months.

The average 12-month RACE price target stands at $542.12, implying a potential 13.13% upside from the current price.