Ferrari Slows EV Goals but Maintains High Profit Margins
Ferrari has reduced its electric vehicle sales target to 20% by 2030, down from 40%, citing uncertainty in achieving the original goal. Despite this, the company continues to report strong margins of 38.8% and maintains high demand for its vehicles. The stock has experienced a pullback, but analysts suggest this is more related to valuation than the company's underlying performance.
Tickers: $RACE
Topics: capital markets day EV goals Ferrari profit margins revenue growth