Ferrari’s latest long-term plan failed to impress investors, with projected revenue and EBITDA falling short of expectations. The stock plummeted over 10% following the updated guidance. The company’s shift towards electric vehicles, with only 20% of sales expected to be fully electric, reflects a client-centric approach. Despite this, Ferrari plans to release the Ferrari Elettrica in 2026, a high-performance EV with over 1,000 horsepower. Maintaining exclusivity while expanding sales will be crucial for Ferrari’s future success, as secondhand values of newer models have seen a decline. CEO Benedetto Vigna and chair Elkann aim to enhance exclusivity with special models to keep the brand’s momentum going.

Read more at Yahoo Finance: Ferrari guidance disappoints as new EV game plan revealed