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.
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.
Ferrari's stock has soared over the past two years. Its business model is well insulated from the macro headwinds.