Ferrari Shares Stall; Is Porsche EV Failure Spooking Investors? [Forbes]
PORSCHE AUTOMBL UNSP/ADR (POAHY)
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Source: Forbes
Ferrari's share price is wallowing at lows for the year, defying a firmly established tradition. The shares always rally after management's ultra-conservative profit forecasts, but not this time, yet. Ferrari shares dived after October's forecasts, but the recovery refuses to kick-in, raising the question for investors: what troubles lie ahead? Investment banks remain bullish and unruffled by this, but the share price remains firmly in the dumps weeks after it should have started to rally. Could the market for luxury goods, which seems to thrive even through the roughest economic waters, finally be running out of road? Is there a compelling competitor about to unveil stunning, sexy sports cars? Ferrari's competitors like VW's Lamborghini, Britain's McLaren or financially troubled Aston Martin don't seem close to a meaningful challenge. Could a Chinese automaker be about to launch its own range of snarling, howling, beguiling sports cars for the super-rich? They would certainly
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