Ferrari unveiled its first electric vehicle, Luce, designed by notable designers including Apple's former Chief Design Officer. Despite high expectations, the launch met mixed reactions, causing Ferrari's stock to drop over 6% in Italy and 3% pre-market in New York. This decline reflects broader skepticism about the electric vehicle industry, which faces challenges like rising competition from Chinese firms, reduced consumer demand due to cost-of-living pressures, and the removal of EV incentives. The sector's struggles are underscored by significant sales drops and stock declines in other EV companies like Tesla and Lucid, signaling a tough market environment for new EV launches.
Ferrari announced it will publish its financial results for the second quarter of 2026 on July 30. The company will host a live audio webcast and conference call at 2:30 p.m. BST / 3:30 p.m. CEST / 9:30 a.m. EDT, accessible via its corporate website....
Ferrari N.V. has repurchased 28,000 of its common shares on the Euronext Milan exchange as part of the second tranche of its €250 million share buyback program announced in April 2026. This buyback is a segment of a larger multi-year plan totaling ap...
