No Data
Is Ferrari N.V. (NYSE:RACE) Potentially Undervalued?
U.S. stocks are moving丨Ferrari is up more than 1% before the market opens. The CEO stated that they will insist on manufacturing cars in Italy and are "not afraid" of Trump’s tariffs.
Ferrari's CEO Benedetto Vigna recently stated that Ferrari will always produce luxury sports cars in its hometown of Maranello in northern Italy, including the first all-electric model expected to be launched next year.
A year-on-year increase of 32%! Global electric vehicle sales have set historical highs for three consecutive months, with China accounting for 70% of the market.
The performance of the China market is impressive, with sales in November growing by 50% year-on-year to reach 1.27 million vehicles, accounting for about 70% of Global total sales. Overall Auto sales in China for November increased by 16.6% compared to the previous year, marking the highest growth rate since January this year. BYD is expected to exceed the annual Global sales target and surpass Ford and Honda.
Broad Arrow to Offer Ferrari 250 GT LWB California Spider Competizione at 2025 Amelia Auction
RBC Capital Maintains Ferrari(RACE.US) With Buy Rating, Cuts Target Price to $491.78
RBC Capital Sticks to Its Buy Rating for Ferrari (RACE)
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined"){kind=small}