Ferrari’s shares dropped 16% due to disappointment over new financial targets, erasing 13.5 billion euros from market cap. Revenue target for 2030 set at 9 billion euros, less than expected. CEO Vigna defends targets. Ferrari unveils EV, Elettrica, with production-ready chassis but no set price.

New financial targets and shift in electrification plans disappoint, causing shares to fall 13.5%. Analysts express concerns over lower guidance for 2030. Ferrari aims for 40% ICE, 40% hybrid, and 20% EV lineup by 2030, different from previous plan. Second EV expected within the decade.

Ferrari plans to launch four new models annually from 2026 to 2030, maintaining client interest. Elettrica, with 1,000 horsepower, is a four-door EV to complement traditional models. Components developed in-house at new “e-building” in Maranello. Lifestyle stores and centres to open for customer engagement and personalization.

Read more at Yahoo Finance: Ferrari share stumble spoils electric vehicle tech launch