As Ferrari Reveals New Elettrica EV, Should You Buy, Sell, or Hold RACE Stock?

But even with its legendary reputation, RACE stock has hit some bumps this year, pressured by a slowdown in the broader luxury market, tariff concerns, and sluggish sales in China. The company also scaled back its EV ambitions. While the automaker revealed its first electric model, the Elettrica, all-electric cars are now expected to make up only 20% of the lineup by 2030. That's a significant drop from its 2022 target of 40% — another reason why investors were disappointed.Beyond the track, Ferrari’s influ ...