Ferrari Unveils First EV Car, Stock Price Stalls
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If feels like when you’re buying a Ferrari (which I do all the time) half what you pay is spent on that sound. That rrrrrMMumumumumRRRRRRUUUHHHNNNmmm. You know what I mean?
Well, imagine that iconic sound but completely silent.
Yeah, pretty cool, right?
That’s what Ferrari are banking on with the Ferrari Elettrica EV, their left turn into the electric vehicle market. Look out Tesla!
Aaaaand their stocks are down 16%, 13.5 billion euros. Oops.
That’s a bit of a spanner in the works for their 9 billion euro revenue target. “I think people were expecting a higher top line – but I think it is important that we execute what we say, we cannot commit on something we cannot achieve,” said CEO Benedetto Vigna like I’ll know what that means.
Hey, it good be worse, they could be Jaguar.
But look at that thing, it doesn’t even have wheels or a seat or doors or cupholders. Obviously, the stock price fell, call that a Ferrari? It’s not even red! This isn’t a finished car, this is a piece of crap. WHAT THE HELL IS WRONG WITH THESE PEOPLE?
Oh wait, it’s not even a full car it’s just a chassis, the actual car will come out later. Oh well, you know what I meant.
Why is this news?
Whatever, I feel like that’s all there is to say. More stories below, click them if you want, or don’t, I’m not your Uncle.
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