When the Luce was released Ferrari’s former president and chairman said he hoped “they take the prancing horse off that car, at least.”
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Ferrari N. V. (NYSE:RACE) reported second-quarter results that came in below Wall Street expectations, but investors welcomed the company’s improved full-year outlook, sending the luxury automaker’s shares about 5% higher in premarket trading.
Investing.com -- Ferrari N.V. (NYSE: RACE) reported second-quarter results that fell short of analyst expectations but raised its full-year guidance, sending shares up 5% premarket as investors focused on stronger-than-expected personalization demand.
FTSE 100 up 7 points to 10,878 Earlier topped 10,949 - a new intraday high Results out from Glencore, Reckitt, Greggs, Aberdeen, Weir, Lancashire 10.52am: FTSE attractions in full effect today The FTSE 100 sneaked above its all-time high from February in early trading "helped by...
Ferrari's new Luce EV has drawn fierce criticism from fans, but Morgan Stanley believes Ferrari's punishment is too severe.
This article first appeared on GuruFocus. Ferrari (NYSE:RACE) rose 3.93% in Milan trading after Morgan Stanley upgraded the stock to Overweight and lifted its price target to 380 from 330, about 24% above Friday's close. Morgan Stanley says dealer checks across the US and Europe suggest the worst has passed, with the 296 GTB at or near its residual value floor, transaction activity is picking up, and SF90 values are stabilising after a big reset.
European stock markets closed mixed in Wednesday trading as fighting reignited in the Middle East an
Ferrari NV (NYSE: RACE) was once one of the market’s most unstoppable luxury growth stories.
Investing.com -- Ferrari shares dropped sharply on Wednesday after the Italian automaker unveiled the controversial exterior design of its first all-electric model, the Luce, but Barclays analyst Henning Cosman is urging investors not to overreact, calling the selloff excessive and framing the design gamble as a deliberate and strategically sound move.

<body><p>STORY: Ferrari shares plunged on Tuesday after the brand’s first electric vehicle got a cool response from fans, and investors.</p><p>The Luce is a radical departure for the luxury car maker.</p><p>Besides being electric, the five-seat sedan bears little or no resemblance to Ferraris of the past.</p><p>It drew a downbeat reception from many on social media, with Italy’s deputy prime minister even weighing in.</p><p>Matteo Salvini said “it looks nothing like a Ferrari. Is this supposed to be innovation?”</p><p>Former Ferrari executive Luca di Montezemolo called it a “betrayal” of the firm’s history.</p><p>Shares in the firm eventually closed down by over 8% amid the controversy.</p><p>Though some tried to sound positive.</p><p>One portfolio manager told Reuters that the car could appeal to a niche selection of buyers.</p><p>They would certainly have to be rich though, with the Luce priced at around $640,000.</p><p>Deliveries are expected to begin in the fourth quarter, and Ferrari hopes the model will help it win new customers beyond its traditional fan base.</p><p>That includes in China, where EVs are capturing a growing share of premium car sales.</p></body>
Ferrari (NYSE:RACE) shares fell 4.6% on Tuesday after the Italian automaker unveiled its first fully electric vehicle, the Luce, drawing criticism over its design and questions about the model's departure from the brand's identity. The four-door Luce, whose name is Italian for "light," was...
Solana recolored Ferrari's new Luce EV in its brand colors and posted 'Fixed it.' as RACE stock fell 6% after the Rome unveil.
The Luce EV arrived in Rome on Monday night, making a big statement as Ferrari's first fully-electric car. Featuring a design vastly different from the Italian automaker's current offerings, the company argues change was needed for the first "electric Ferrari," with a new market, new clients in focus, and price touching $640,000.
The €550,000 five-seater drew comparisons to mass-market EVs on social media, with analysts citing design concerns and brand dilution fears
Ferrari is going electric, and that’s a worry for Wall Street. Former Apple chief design officer Jony Ive helped create the car, which Ferrari said would sell for a starting price of 550,000 euros ($640,000). Ferrari collector Luc Poirier told Barron’s last year that the technology felt “almost like a gimmick.”
(Bloomberg) -- Ferrari NV unveiled its first fully electric car, a five-seat model priced at €550,000 ($640,000) that marks a sharp break from the sports-car maker’s fuel-burning heritage.Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inch Toward Deal as Gaps Remain on Urani
Ferrari (NYSE:RACE) reported first-quarter results that fell short of analyst expectations and issued full-year guidance below consensus, sending its shares slightly lower in U. S.
The Nasdaq Composite (^IXIC) opened higher Tuesday, with the tech-heavy benchmark riding a familiar trio of tailwinds: a fresh wave of strong earnings, a sharp pullback in crude oil, and a pause in Middle East escalation. Risk appetite is back, and the Nasdaq Composite (^IXIC) is riding the bullish wave. Google parent company Alphabet (Nasdaq: GOOGL), ... Alphabet, Intel, Micron Lead Nasdaq Higher as Oil Drops on Paused Mideast Tensions
Ferrari beat analysts’ earnings targets and stuck with its full-year guidance on Tuesday, even though the war in the Middle East disrupted deliveries over the first quarter. Ferrari shipped 3,436 cars over the first quarter, down 157 from the same period a year ago. Shipments for Europe, the Middle East, and Africa fell by 243 from a year ago to 1,458.
Investing.com -- Ferrari reported first-quarter earnings that missed analyst expectations, and provided below-consensus guidance for the full year.