Ferrari shares drop on weak forecast ahead of electric car launch
1. Ferrari shares fell 15% due to disappointing long-term financial targets. 2. Revenue target of €9 billion for 2030 is below analyst expectations. 3. Shifted strategy towards 40% ICE models and 20% electric by 2030. 4. CEO emphasizes achieving realistic targets over more ambitious forecasts. 5. Plans to launch Elettrica and average four new models yearly through 2030.