Ferrari Faces Slower EV Goals but Maintains High Profit Margins
Ferrari has reduced its electric vehicle sales target to 20% of its lineup by 2030, down from 40%, which has led to a 25% stock decline since October. Despite this, the company maintains high profit margins of 38.8% and continues to see strong demand, suggesting the stock's drop may be more about valuation than business health.
Tickers: $RACE
Topics: electric vehicles Ferrari sales guidance stock performance valuation