Ferrari’s shares dropped a record 15% after the company scaled back its electric vehicle (EV) goals and offered cautious profit guidance, sparking investor concerns over its future growth. Despite strong margins and luxury-brand status, Ferrari now plans for only 20% of its models to be fully electric by 2030, down from the previous 40% target. The company cited global uncertainty, high U.S. tariffs, and evolving regulations, according to the Financial Times. While core combustion engine fans remain loyal, analysts say Ferrari’s unique model and brand strength can absorb EV margin pressures. The first EV, the Elettrica, is expected in 2026, aiming to deliver the classic Ferrari experience in electric form. They write:
Since its blockbuster listing in New York almost a decade ago, Ferrari has consistently delivered industry-beating profits with a market valuation of a luxury brand rather than a carmaker.
Investors are now nervous that the winning streak may not last for the Italian group as it enters a new era of electric vehicles and geopolitical uncertainty.
Ferrari shares plummeted a record 15 per cent in New York on Thursday following cautious guidance that adjusted operating profit margin would remain largely flat — although at a still impressive 30 per cent — over the next five years. […]
Following the downward revision, Ferrari will now aim to make 20 per cent of its models fully electric by 2030, down from a 40 per cent goal announced three years ago. By the end of the decade, 40 per cent of its cars will still be powered by the internal combustion engine, and the rest with hybrids. […]
“The last people standing in terms of selling a 12-cylinder engine will be Ferrari,” Sherwood said. “They will hold on to their base for absolutely as long as they can.”
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