Italian luxury carmaker Ferrari said Wednesday its European dealers will start accepting cryptocurrency, following a similar move in the United States. "By the end of 2024, Ferrari will expand cryptocurrency transactions to other countries in its international dealer network, where cryptocurrencies are legally accepted." Billionaire Elon Musk declared in 2021 that he would sell Tesla cars for bitcoins—before changing his mind, arguing that its production was too polluting and that he would only accept it wh ...

Editor's note: Seeking Alpha is proud to welcome Anton Zharkov as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » gmalandra I am not a brand ambassador and have no open positions in the company's shares, but I consider myself a great admirer of the Ferrari (NYSE:RACE) business. This car manufacturer should not need too much ...

A live audio webcast and conference call of the 2024 Q2 results will begin at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT on Thursday, August 1. Maranello (Italy), July 17, 2024 - Ferrari N.V. ("Ferrari") (NYSE/EXM: RACE) announced today that its financial results for the second quarter of 2024 will be released on Thursday, August 1, 2024. A live audio webcast and conference call of the 2024 Q2 results will begin at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT on Thursday, August 1. Details for accessi ...

A live audio webcast and conference call of the 2024 Q2 results will begin at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT on Thursday, August 1. A live audio webcast and conference call of the 2024 Q2 results will begin at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT on Thursday, August 1. Attachment Maranello (Italy), July 17, 2024 - Ferrari N.V. ("Ferrari") (NYSE/EXM: RACE) announced today that its financial results for the second quarter of 2024 will be released on Thursday, August 1, 2024. Details ...

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase Euro 249,999,659.04 for No. 701,266 common shares purchased on the EXM USD 108,575,956.06 (Euro 99,999,887.55*) for No. 270,823 common shares purchased on the NYSE. A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Ferrari's corporate website under the Buyback Programs section (https://www.ferrari.com/ ...

Maranello (Italy), June 28, 2024 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") informs that the Company has purchased, under the Euro 350 million share buyback program announced on November 7, 2023, as the fourth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the "Fourth Tranche"), the additional common shares - reported in aggregate form, on a daily basis - o ...

I have been neutral on Ferrari NV (RACE, Financial) for some time. However, with momentum dwindling and the stock's valuation unjustifiable in my view, I am expecting to see the car company give back some of its gains in the second half of the year. It is a brilliant company, boasting strong brand recognition – perhaps unmatched across the world of motoring – and incredible margins. However, the company's growth is limited by its business model, which presents a trade-off between volume and margins. In this ...

Ferrari: Valuation Isn't Attractive Ferrari released a lower than anticipated 2024 guidanoe. . evolution of EBIT. The adjusted operating profit reached €442 million and was up by 14.8% with a margin of 27.9%. For this reason, net profits reached €352 million, with adjusted EPS of €1.95. On the industrial free cash flow generation, the company reached €321 million in Q1. Source: Ferrari Q1 results presentation - Fig 2 Valuation and Conclusion Fig 6 Share 2) Fig 1 Starting with the CEO's words, Ferrari Q1 "wa ...

Disclaimer This press release shall not constitute an offer to sell or a solicitation of an offerto buy the Notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. The Notes have not been and will not be registered under the United States Securities Act of 1933 (as amended), and may not be offered, sold, tendered, bought or delivered within the United States or to or for the account or ...

corporate. ferrari.com Maranello (Italy), 21 May 2024 – Ferrari N.V. (NYSE/EXM: RACE) announces the settlement of the offering, previously announced, of Euro 500 million in aggregate principal amount of 3.625% notes due on 21 May 2030, with an issue price of 99.677% (the "Notes"). The net proceeds of the offering were approximately Euro 497 million after payment of offering costs and related expenses. The Notes have been admitted to the Official List of Euronext Dublin and to trading on the regulated market ...