Ferrari, led by CEO Benedetto Vigna, significantly outperforms Tesla in key financial metrics: return on equity (45.4% vs. 4.67%), return on assets (13.6% vs. 1.93%), and operating margin (31.1% vs. 1.41%). Vigna, a former semiconductor executive, has driven Ferrari's strong profitability despite a smaller, exclusive luxury car market compared to Tesla's mass-market EV business. While Tesla faces challenges scaling globally and investing heavily in growth, Ferrari’s focused, high-margin approach delivers steady shareholder returns. Tesla’s future success depends on achieving ambitious growth targets, but for now, Ferrari leads decisively in operational efficiency and profitability.
Ferrari's classic cars at the Monterey auction sold for a median 58% premium over estimates, with some models like the Daytona SP3 and a unique Luce chassis far exceeding expectations. This strong demand from collectors supports Jefferies' Buy rating...
Ferrari's first all-electric car, the Luce, sold for $40 million at a charity auction during Monterey Car Week, far exceeding its $1.1 million estimate. This sale set a new record for the highest price paid for a new car at auction, with proceeds goi...
A bespoke model of Ferrari's first fully electric vehicle, the Luce, sold for $40 million at a charity auction, setting a record for the highest price paid for a new car at auction. The sale took place at Monterey Car Week, with proceeds benefiting F...
