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Stock impact report

Why is Ferrari (RACE) still relying on its EV, even as Lamborghini backs off? [Yahoo! Finance]

Ferrari N.V. Common Shares (RACE) 
Last ferrari n.v. common shares earnings: 2/4 05:58 am Check Earnings Report
US:NYSE Investor Relations: corporate.ferrari.com/en/investors
Company Research Source: Yahoo! Finance
reported on March 4, 2026, that Ferrari N.V. (NYSE:RACE) is moving forward with its first electric vehicle, a model named the Luce, which will be available for order in spring 2026. At its October 2025 capital markets day, the corporation reduced its EV sales goal to 20% of overall sales, down from its previous plan. The firm maintains its production of internal combustion vehicles, including 12-cylinder engines. The company sells approximately 14,000 vehicles per year, with prices ranging from the low hundreds of thousands to several million dollars. RBC Capital analyst Tom Narayan believes the corporation hedges its risks by moving towards EVs while keeping its core internal combustion portfolio to satisfy traditional customers. As of March 2026, Lamborghini is putting a stop to pure EV development, noting very little demand in the luxury supercar segment. The brand will continue to sell hybrid variants of the Urus SUV and the planned Lanzador model. Executives claim that battery- Show less Read more
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