Ferrari Slides 16% on 2030 Targets; EV Tech Unveiled
- SAUDI ARABIA BREAKING NEWS
- Oct 9
- 2 min read
Milan, October 9, 2025 (Saudi Arabia Breaking News) – Ferrari shares fell over 16% on Thursday after the luxury carmaker’s 2030 financial targets disappointed investors, overshadowing a technology reveal for its first electric car, the Elettrica. By 1300 GMT the stock was down 13.5%, erasing about €13.5 billion ($15.7 billion) in market value, after earlier touching its lowest level since February 2024, traders said.
Ferrari set 2030 revenue at €9 billion, up from an expected €7.1 billion for 2025, but below market hopes. CEO Benedetto Vigna said the company would “execute what we say,” adding it would not commit to targets it cannot achieve.
At its Maranello headquarters, Ferrari showed a production-ready chassis for the Elettrica—battery pack and e-motors integrated—but did not disclose pricing. The company’s powertrain mix target for 2030 is now 40% ICE, 40% hybrids, 20% EVs, a shift from the 2022 plan (40% EVs, 40% hybrids, 20% ICE). Vigna said a second Ferrari EV is reasonable within the plan to 2030; sources have previously indicated no second EV before 2028 amid softer demand for high-performance electric luxury cars.
Ferrari plans to launch an average of four new models per year between 2026–2030, sustaining the cadence that has expanded its client base. The 1,000-hp, four-door, four-plus-seat Elettrica will complement its petrol and hybrid lines. Core EV components—HV battery packs, e-axles, inverters—are being developed and produced in-house at the new “e-building” in Maranello.
The company said its active client base has grown ~20% since 2022 to ~90,000. It will open new Tailor Made centers in Tokyo and Los Angeles in 2027, and expand its lifestyle business with flagship stores in London and New York in 2026, alongside a broader range of luxury goods and experiences.
