Ferrari N.V. (RACE)
Why I Can't Bring Myself to Buy Ferrari
I have been neutral on Ferrari NV (RACE, Financial) for some time. However, with momentum dwindling and the stock's valuation unjustifiable in my view, I am expecting to see the car company give back some of its gains in the second half of the year.
Ferrari's first electric car reportedly to cost whopping $500K: ‘Increasing demand out there'
The price tag, which doesn't include features and personal touches that typically add 15-20%, is well above the average sale price of around 350,000 euros, including extras, for a Ferrari in the first quarter of this year.
JLR and Ferrari in firing line as China urged to retaliate 'severely' against EU tariffs
Chinese carmakers have urged Beijing to hit back against European Union tariffs on electric vehicles (EVs) with "the most severe measures" At a private meeting organized by China's Ministry of Commerce, car manufacturers reportedly called on their government to retaliate by imposing tariffs on imported European vehicles with high-powered engines, Bloomberg reported today. German carmakers and Britain's Jaguar Land Rover, which makes Land Rover Discovery and Land Rover Defender models in Slovakia, could be affected, along with the Italian luxury brand Ferrari (NYSE:RACE), said the report.
Ferrari EV model to cost €500,000, reports reveal
Ferrari (NYSE:RACE)'s maiden electric vehicle will cost a minimum of €500,000, amid plans for the luxury carmaker to open a site aimed at developing the new model, reports from Reuters revealed. A new production plant is expected to help boost manufacturing of the EV, hybrids and ICEs by as much as a third.
Exclusive: Ferrari's first electric car to cost over $500,000, source says
Ferrari's first electric car will cost at least 500,000 euros ($535,000), a source familiar with the matter told Reuters, as the luxury automaker prepares to open a plant that will make the model - and could boost group production by up to a third.
Ferrari: Few Near-Term Catalysts, Wait For A Dip
We believe there are a few near-term positive catalysts in 2024 and those might already be priced in. Order book is normalizing, and there is an expectation for a luxury sector valuation reset. Still, Ferrari's valuation looks full, and we continue to remain on the sideline.
Why I'm Not Selling My Ferrari Stock Even After a 100% Gain
Ferrari's stock has soared over the past two years. Its business model is well insulated from the macro headwinds.
