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Stock impact report

Ferrari's first electric car to cost more than €500,000 [Yahoo! Finance]

PORSCHE AUTOMBL UNSP/ADR (POAHY) 
NASDAQ:AMEX Investor Relations: porsche-se.com/en/investor-relations
Company Research Source: Yahoo! Finance
The luxury Italian brand, best known for making petrol sports cars with roaring engines, is preparing to launch the new model next year. It will be one of the most expensive in the marque's line-up, with the headline price tag not including extras that can add up to 20pc to the final cost, according to Reuters. That would easily put it towards the top end of the carmaker's current offering, reflecting the higher costs of making battery-powered EVs The average sale price of a new Ferrari is currently around €350,000. The SF90 Spider is the most expensive of the existing retail models at around $575,000 (£452,000), while the special series SF90XX Stradale and SF90XX Spider cost even more at $844,000 and $932,000 respectively. Ferrari is said to be working on a second electric model as well. The move will be seen as a vote of confidence in the luxury electric vehicle (EV) market, at a time when other brands such as Porsche and Aston Martin have sounded a note of caution abou Show less Read more
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