Ferrari Scales Back Electric Ambitions Amid Share Decline

17 days ago

Louise Moon

"Yes. So, they have scaled back their electric ambitions essentially. So, they now expect only 20% of their 2030 lineup is going to be fully electric. That's half of what they previously expected. They had expected 40%. And essentially they're filling that gap with their fully uh their combustion cars. So that will now be 40%. So they're doubling their combustion offerings. Essentially showing kind of a renewed focus on engines and that has obviously defined Ferrari for decades. So they're kind of going back to their core following a lot of other car makers that have also pulled back from from electric ambitions. It's it's obviously very expensive. Uh there's been kind of a failure to get enough customers. Um, so Ferrari shares are are dropping almost 2% this morning. Um, we'll be keeping a close eye on them though throughout the morning cuz they're they they've got a couple markets day and they're planning to announce their financial targets."

In the segment on Ferrari, the speaker details a strategic shift where Ferrari is reducing its electric ambitions in favor of its traditional combustion models, now expecting only 20% of its 2030 lineup to be electric. This strategic pivot, combined with a noted share drop of almost 2% and challenges in customer acquisition, presents near-term uncertainty for the stock.

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