Wall Street is getting one critical thing wrong on Ferrari (RACE)
|01/26/2019||Posted by BusinessMediaguide.Com under General World News||
- Morgan Stanley’s Adam Jonas suggested that Ferrari could be shifting to all-electric vehicles in the future.
- Ferrari investors, Jonas thinks, could be underestimating the costs of this shift.
- Except that although Ferrari could produce some all-electric cars, it can never renounce its commitment to internal combustion — because racing runs on gas.
For years, Ferrari scoffed at electric cars. True, the Italian automaker added hybrid-electric technology to its stratospherically expensive LaFerrari hypercar.
But it wasn’t until just before his untimely death last year that CEO Sergio Marchionne even hinted that Ferrari would go electric. It now seems likely that read more >>>