Ferrari Meeting Will Spotlight First EV, Seek To Encourage Investors [Forbes]
PORSCHE AUTOMBL UNSP/ADR (POAHY)
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Source: Forbes
In a couple of weeks, investors will gather for a special briefing - a so-called Capital Markets Day in the jargon - hosted by Ferrari to take stock of the company's performance, provide an in-depth look at long-term prospects, and showcase its first electric vehicle. Unlike Porsche , one mistake that Ferrari definitely hasn't made is to overestimate the potential for high-priced electric vehicles. Porsche has done just that and been forced to scale back its electric plans, reinstate combustion engine models and hybrids, and watch its share price dive by almost 50% in a year while issuing three profit warnings. Ferrari has been criticized for not embracing electric power soon enough. Its leaders will be feeling smug in the aftermath of Porsche's problems as they unveil the first Ferrari EV at the meeting October 9, the almost-ready for prime-time Elettrica. This will be unveiled in final form next Spring, with deliveries starting a year from now. Not that Ferrari hasn't generat
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