Ferrari Stock Drops on $640,000 EV Impact as Traders Look Ahead
Ferrari shares closed at €295.20 in Milan on Friday, up 0.53% for the day but down 2.11% over five sessions after unveiling its first all-electric car, the Luce. The stock fell 8.4% earlier in the week amid investor concerns about brand fit and EV strategy. CEO Benedetto Vigna said the Luce drew strong early interest, with orders expected to be detailed in July. Markets reopen Monday after the weekend pause.