Exclusive: Ferrari delays second EV model to at least 2028 because of weak demand, sources say
1. Ferrari has postponed its second electric model's launch from 2026 to 2028. 2. The delay is due to insufficient demand for luxury electric vehicles.
FAQ
Why Bearish?
The delay of a new model indicates potential weakness in Ferrari's growth strategy, similar to how the delay in Tesla's Cybertruck had negatively affected stock sentiment in the past.
How important is it?
The delay in launching a new EV model could indicate hesitance in market demand, which is critical for RACE's growth prospects in EV markets.
Why Short Term?
Investors may react immediately to the news, impacting RACE’s stock performance in the near term, akin to previous reactions to model delays from luxury automakers.