Ferrari's First Electric Car To Cost Over $500,000, Higher Than Tesla Roadster, Porsche Taycan: Report
Portfolio Pulse from Anan Ashraf
Ferrari is set to launch its first electric car in late 2025, priced at over $500,000, significantly higher than competitors like Tesla's Roadster and Porsche's Taycan. The new EV will be produced in a new plant in Maranello, Italy, which will increase Ferrari's production capacity. Ferrari reported strong financials for Q1 2024, with sales growth of 11% year-on-year.
June 19, 2024 | 9:12 am
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NEUTRAL IMPACT
Porsche's electric Taycan, starting at around $107,292, will face competition from Ferrari's new electric car, which is priced significantly higher at over $500,000.
Porsche's Taycan is priced much lower than Ferrari's new electric car, targeting different market segments. The impact on Porsche is neutral as it continues to focus on a broader market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Tesla's upcoming second-generation Roadster, priced between $200,000-$250,000, will face competition from Ferrari's new electric car, which is priced significantly higher at over $500,000.
While Tesla's Roadster is priced lower than Ferrari's new electric car, the two vehicles target different market segments. The impact on Tesla is neutral as it continues to focus on a broader market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Ferrari's first electric car, set to launch in 2025, will be priced at over $500,000, indicating a highly exclusive market. The new plant in Maranello will increase production capacity. Ferrari's Q1 2024 financials showed strong growth, with sales up 11% year-on-year.
The high price point of Ferrari's first electric car suggests it will target a niche market, potentially boosting the brand's exclusivity and profitability. The new plant will increase production capacity, supporting future growth. Strong Q1 2024 financials further indicate positive momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100