Ferrari shares drop on weak forecast ahead of electric car launch
Ferrari’s shares fell 15% on Thursday on disappointment over the luxury carmaker’s new long-term financial targets, taking the shine off the unveiling of the technology behind its first electric car.The share price drop wiped 13.5 billion euros (10.4 billion) for 2030, an increase on its 7.1 billion euro forecast for this year, but a less ambitious figure than the market had been hoping for. 5 Ferr ...