Ferrari unveiled a partial look at its upcoming full-electric supercar set for late 2026 and plans to invest 4.7 billion euros in electrification by 2030. Despite the hype, the stock dropped 16% after unveiling its financial projections, which fell short of analyst expectations for 2030 revenue. Ferrari aims for EVs to make up 20% of sales by 2030, already delivering hybrid vehicles. Competitors like Lamborghini and Porsche are delaying full-electric models due to lack of demand, while Ferrari is betting on EVs for the future. The launch of Ferrari’s Elettrica in late 2026 will be crucial for the company’s success.

The new Ferrari EV boasts 1,000 horsepower, a top speed over 192 mph, and a range of over 300 miles, easing consumer range anxiety. While Ferrari’s image has been bolstered by its combustion engine supercars, the success of its first full EV will be a critical test for the brand’s future. Despite the recent stock drop, Ferrari remains a top pick with strong margins and competitive advantages. Analysts, however, were slightly disappointed by Ferrari’s long-term revenue guidance for 2030, falling short of expectations.

Investors should watch the launch of Ferrari’s Elettrica closely as it will shape the company’s future success. Despite the recent stock drop, Ferrari remains a solid investment with strong brand image and innovative technology. Ferrari’s move into the EV market will be a significant test for the company’s ability to meet consumer demands and maintain its luxury status.

*Stock Advisor returns as of October 7, 2025. Daniel Miller has no position in any of the stocks mentioned. The Motley Fool recommends Ferrari and Stellantis. The Motley Fool has a disclosure policy.

Read more at Yahoo Finance: What Sent This High-Flying Ultra-Luxury Giant’s Stock 16% Lower Thursday?