One day the open weight testing exemption from The White house will be lifted and *shock *horror the Chinese open weight models will be sanctioned and blocked in favor of the more... patriotic (and approved) ones
BREAKING: Ferrari $RACE is down -7.57% today after unveiling its first fully electric car.
The company officially debuted the "Ferrari Luce," a 1,050-horsepower vehicle starting at a price of €550,000.
While the car boasts extreme acceleration numbers, investors are highly skeptical that traditional buyers want a silent, heavy electric vehicle.
Its 2030 revenue projection also came in at €9 billion, nearly €800 million below what analysts were expecting.
The stock is now down 41% from its February 2025 peak, One of the worst stretches in Ferrari's history as a public company.
Ferrari's entire brand is built on scarcity, combustion engines, and exclusivity. Investors are not convinced its customers want a silent electric car, no matter how expensive it is.