Ferrari Aims to Challenge Tesla with Launch of Electric Supercar in 2025
Portfolio Pulse from Anusuya Lahiri
Ferrari NV (NYSE:RACE) plans to launch its first electric supercar in Q4 2025, aiming to challenge Tesla Inc (NASDAQ:TSLA). Ferrari is building a new factory and launched a lithium battery research lab. The company reported strong Q1 2024 sales and expects solid fiscal 2024 performance. Investors can gain exposure via SPDR DJ Euro STOXX 50 ETF (NYSE:FEZ) and SPDR Portfolio Developed World Ex-US ETF (NYSE:SPDW). Tesla reported a decline in Q1 deliveries and production.
May 23, 2024 | 12:18 pm
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POSITIVE IMPACT
Investors can gain exposure to Ferrari via SPDR DJ Euro STOXX 50 ETF (FEZ). Ferrari's positive outlook could benefit this ETF.
Ferrari's positive outlook and strong performance could benefit the SPDR DJ Euro STOXX 50 ETF, which includes Ferrari.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Ferrari plans to launch its first electric supercar in Q4 2025, aiming to challenge Tesla. The company reported strong Q1 2024 sales and expects solid fiscal 2024 performance.
Ferrari's entry into the electric vehicle market is a significant move, potentially boosting its stock price. Strong Q1 2024 sales and positive fiscal 2024 outlook further support a positive impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Ferrari via SPDR Portfolio Developed World Ex-US ETF (SPDW). Ferrari's positive outlook could benefit this ETF.
Ferrari's positive outlook and strong performance could benefit the SPDR Portfolio Developed World Ex-US ETF, which includes Ferrari.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Tesla reported a decline in Q1 deliveries and production, which were below analyst estimates. This could negatively impact the stock in the short term.
Tesla's decline in Q1 deliveries and production, missing analyst estimates, could negatively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80