Ferrari, the premium sports-car maker with an equally expensive valuation, saw its worst day ever after a capital-market day presentation. ...

Core Viewpoint - Luxury sports carmaker Ferrari NV has reduced its electrification goals while revealing the technology behind its first electric vehicle, "Elettrica" [1] Group 1: Electrification Strategy - Ferrari has scaled back its electrification ambitions, indicating a more cautious approach to electric vehicle development [1] - The company is focusing on a balanced strategy that includes both traditional combustion engines and electric vehicles [1] Group 2: Elettrica Technology - The unveiling of the technology for the "Elettrica" marks a significant step for Ferrari in the electric vehicle market [1] - Details about the performance and specifications of the "Elettrica" have been highlighted, showcasing Ferrari's commitment to maintaining its luxury and performance standards in electric vehicles [1]

Ferrari N.V. (NYSE:RACE) updated its long-term financial targets as part of its Capital Markets Day presentation on Thursday. The Italian automaker said it is aiming for strong growth and profitability through 2030. In terms of guidance, the company expects net revenue ...

Ferrari has started to lift the hood on its first fully EV, a project that promises to set a benchmark for how battery-powered sports cars should look, sound and drive https://t.co/cMBnawXK8c ...

Luxury sports-car maker Ferrari on Thursday raised its annual guidance and said it expected to reach revenue of around 9 billion euros ($10.5 billion) in 2030. ...

Core Viewpoint - Ferrari has scaled back its electrification ambitions, now targeting a sports car model line-up for 2030 consisting of 40% internal combustion engine (ICE) cars, 40% hybrids, and 20% fully electric vehicles, a shift from its previous goal of 40% EV sales by the end of the decade [2][3]. Group 1 - The revised target reflects a client-centric approach and is influenced by the current market environment and its expected evolution [2]. - Ferrari unveiled the production-ready chassis and powertrain for its first fully electric vehicle, the elettrica, during a technology and innovation workshop, with deliveries expected to start in late 2026 [3]. - The completed elettrica is set to have a global premiere next year [3]. Group 2 - Following the announcement, Milan-listed shares of Ferrari dropped by 13%, while U.S.-listed shares fell by 11.3% in premarket trading [3]. - John Elkann, executive chairman of Ferrari, emphasized the company's commitment to progress through the integration of technology, design, and manufacturing craftsmanship [4].

Company Updates - Ferrari's stock declined by 5.9% after announcing its 2030 strategic plan, which includes a projected adjusted EBITDA of at least €3.6 billion, despite an upgrade to its 2025 guidance and a commitment to increase its dividend payout to 40% of net profit starting from 2025 [2][7] - HSBC Holdings' CEO indicated the bank's financial strength for acquisitions, following its proposed purchase of Hang Seng Bank, aimed at streamlining operations and investing further in the Hong Kong market [6][7] - Danone shares gained after JPMorgan Chase placed the company on a positive watch ahead of its upcoming results [9] Economic Developments - Spot silver reached a record high of $49.58 per ounce, reflecting strong investor demand for precious metals amid global uncertainties [3][7] - An adviser to Japan's Takaichi and Honda recommended caution for the Bank of Japan regarding interest rate hikes, suggesting a potential increase in December rather than October [4][7] - China clarified that its export curbs are not targeted at any specific country, particularly concerning rare earths, amidst ongoing trade tensions [7][8] Geopolitical Events - Conflicting reports emerged regarding a ceasefire between Israel and Hamas, with an Israeli Deputy Foreign Minister initially stating a ceasefire was in effect, later clarified as pending a government vote [5][7]

格隆汇10月9日｜法拉利(RACE.US)盘前跳水，现跌超5%。消息面上，公司预计2030年营收约90亿欧 元，预计2030年调整后EBITDA至少达36亿欧元；预计本财年调整后稀释每股收益至少达8.8欧元，市场 预期为8.9欧元；预计2030年调整后稀释每股收益至少达11.50欧元。 ...

格隆汇10月9日｜法拉利(RACE.US)：我们的订单量已排至2027年。将启动一项规模约35亿欧元的新股 票回购计划，计划自2026年起实施，至2026年底结束。 ...

Core Viewpoint - Ferrari expects to achieve approximately €9 billion in revenue by 2030, with adjusted EBITDA reaching at least €3.6 billion [1] Group 1 - The company projects significant revenue growth, indicating a strong market position and potential for expansion [1] - The adjusted EBITDA target reflects a focus on profitability alongside revenue growth, suggesting effective cost management strategies [1]