Ferrari's first electric car to cost over $500,000, well above many rival EVs [CNBC]
PORSCHE AUTOMBL UNSP/ADR (POAHY)
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Source: CNBC
a plant that will make the model - and could boost group production by up to a third. The Italian brand, famed for its roaring petrol engines, has said it will launch an electric car late next year, and the planned price shows its confidence that ultra-wealthy drivers are ready for it, even as mass-market rivals are slashing electrical vehicle prices amid faltering demand. The price tag, which doesn't include features and personal touches that typically add 15-20%, is well above the average sale price of around $376,000, including extras, for a Ferrari in the first quarter of this year, and many rival luxury EVs. In a less exclusive segment, Porsche's electric Taycan starts at around $107,500. Ferrari did not respond to a request for comment about the price of its first EV, or its new plant which is due to be inaugurated in its hometown of Maranello, northern Italy, on Friday. The factory - or e-building - is a bold move for the company, which delivered fewer than 14,000 car
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POAHY
Analyst Actions
- 8/20/24 - Sanford C. Bernstein
POAHY
Sec Filings
- 9/26/24 - Form F-6EF
- POAHY's page on the SEC website