Ferrari stock slumps as long-term targets and EV timeline disappoint investors
Ferrari stock fell sharply today after the company unveiled a refreshed long-term plan that tempered electric-vehicle ambitions and set 2030 financial targets below bullish market hopes. The selloff came despite a small uplift to near-term guidance, with traders homing in on slower EV adoption and a more measured profit trajectory.
Stock market information for Ferrari N.V. (RACE)
- Ferrari N.V. is a equity in the USA market.
- The price is 416.79 USD currently with a change of -62.42 USD (-0.13%) from the previous close.
- The latest open price was 416.0 USD and the intraday volume is 2068730.
- The intraday high is 481.0 USD and the intraday low is 407.65 USD.
- The latest trade time is Thursday, October 9, 17:35:05 +0300.
Ferrari stock: live move and key intraday levels
Ferrari stock (RACE) swung widely through the session as investors recalibrated expectations following the capital-markets update.
Intraday snapshot (New York trading):
| Metric | Value |
|---|---|
| Last price (USD) | 416.79 |
| Day low / high | 407.65 / 481.00 |
| Open | 416.00 |
| Intraday change | −62.42 |
EV strategy reset weighs on sentiment toward Ferrari stock
In its updated roadmap, Ferrari halved its 2030 mix target for fully electric models to roughly one-fifth of shipments, opting to lean more on hybrids and high-efficiency combustion for the remainder of the decade. The first full EV is slated for a late-2026 launch, with planners prioritizing weight, sound, and driving character over a rapid push to full electrification. Investors read the pivot as a slower earnings bridge from software and EV-adjacent revenues, adding pressure to the shares.
Ferrari stock reacts to 2030 outlook and guidance mix
Management set a 2030 revenue aspiration near €9 billion and outlined profitability that, while healthy, undershot the most optimistic forecasts. By contrast, the near-term guide for 2025 nudged higher, reflecting resilient demand, strong personalization, and a rich launch cadence. The juxtaposition—slightly better next year, but a cooler view on the out-years—helped drive today’s de-rating as the market repriced long-duration expectations.
What’s behind the rethink
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Pacing EV rollout: Engineering trade-offs and cost discipline argue for a phased approach rather than an all-out shift.
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Protecting brand equity: Tight allocations and pricing power remain central; volume is not the primary lever.
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Capex cadence: Factory investments and new model tooling are set to ramp within a disciplined financial frame.
RACE by the numbers: valuation check after the drop
With Ferrari stock down double-digits intraday, the immediate focus is whether premium-luxury scarcity and margin quality can offset a softer 2030 envelope. Bulls will point to record personalization take-rates, an expanding “Tailor-Made” footprint, and four-model average launches from 2026–2030 to keep the orderbook deep. Bears will argue that a narrower EV contribution and lower terminal assumptions justify multiple compression until visibility improves.
What to watch next for Ferrari stock
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Delivery phasing into 2026: Any signs of order push-outs or mix shifts toward hybrids.
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EV reveal milestones: Specs, range, curb weight, and emotional “sound/feel” solutions for the first EV.
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Pricing power vs. volumes: How far Ferrari can lean on mix and personalization without diluting exclusivity.
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Capital returns and capex: Updated buyback cadence and investment intensity as the EV program scales.
For now, the narrative has pivoted from unbounded growth to calibrated excellence—still rarefied, still profitable, but paced to fit engineering realities and brand stewardship.
