After Ferrari's Luce unveiling, the stock promptly sold off 6%. Unbeknownst to many, Ferrari derives roughly half of its annual sales from hybrids.
Ordinary people are trying to make the rent, and fraudsters are ripping off Medicare, Medicaid and private insurance.
Investors interested in stocks from the Automotive - Original Equipment sector have probably already heard of AB Volvo (VLVLY) and Ferrari (RACE). But which of these two stocks presents investors with the better value opportunity right now?
In this episode of Motley Fool Hidden Gems Investing, Motley Fool contributors Travis Hoium, Matt Frankel, and Lou Whiteman discuss:
Investors interested in Automotive - Original Equipment stocks are likely familiar with AB Volvo (VLVLY) and Ferrari (RACE). But which of these two companies is the best option for those looking for undervalued stocks?
Ferrari remains a compelling medium-to-long-term buy, with a prudent EV strategy anchored by the new Luce model. RACE's valuation has derated to 28-31x forward earnings, offering a rare entry point for a luxury compounder with strong financials and order book visibility through 2027. The company's cautious 2030 mix (20% EV, 40% ICE, 40% hybrid) positions it for luxury EV leadership while preserving brand prestige and mitigating near-term EV adoption risks.
Ferrari CEO Benedetto Vigna said orders are already rolling in for the $640,000 Luce, the brand's first fully electric vehicle.
Ferrari (NYSE:RACE) has spent decades cultivating an image built on scarcity, sound and speed. The Luce, its first fully electric vehicle, has tested all three pillars at once, and the market's verdict was swift: the shares fell as much as 8% in the days following the Rome unveiling, wiping roughly €4 billion to €5 billion from the company's market capitalisation.
Ferrari's first electric car, the Luce, is off to a bad start. The $640,000 EV was torn apart by the internet, sparking a share price drop for Ferrari.
Ferrari faced an investor backlash after the unveiling of its new Luce model, its first fully electric car. The company's stock fell 8% on Tuesday, the first trading session after the car was unveiled.
Ferrari's first all-electric supercar is getting roasted — with furious gearheads blasting the sleek new ride as an “iPhone on wheels” that risks turning the legendary Italian brand into a California tech toy.
The public is polarized over Ferrari's first-ever electric vehicle, Luce, which got a design transformation with the help of Jony Ive.