Ferrari just over the €400 mark amid doubts about Bev and rumours about Vasseur

(Il Sole 24 Ore Radiocor) - Ferrari up slightly, after the weakness of the last period: the shares are up fractionally, just above €400. Over the past month, they have lost about 10 per cent of their value, suffering from fears related to the delicate international geopolitical situation, uncertainty over tariffs, as well as disappointments over the sporting performance in the Formula 1 races. In addition, it also emerged that, as reported by Reuters, Ferrari had decided to postpone the launch of the second Bev model, the all-electric one, originally planned for 2026, to at least 2028, due to weak demand for electric sports cars. In any case, the October launch of the first electric vehicle has been confirmed as symbolic, with a price tag of around EUR 500,000. The company has not commented on these rumours and it must also be said that officially it has never given any precise indications on the pipeline of Bev models after the launch of the first one.

Analysts, however, believe that the news has little impact since electric models would not have made a difference in the carmaker's sales. "We never thought they could be produced in significant volumes. However, we remain of the opinion that the first BEV model, precisely because it is a 'new entry', could be sold out, even if not in high volumes," commented Equita analysts, recalling among other things that before Ferrari, Lamborghini had also announced the postponement of the first all-electric model, the Lanzador, from 2028 to 2029. Equita maintains its 'Hold' recommendation on Ferrari, with a price target lower than the current 380 euro price. Intermonte's analysts take a different view, recommending an 'Outperform' on the shares of Rossa, with a price target of €482. The sim values the fact that the company is attentive to market trends and also points out that the key aspect is that it continues to produce cars with strong appeal. "The risk from not selling electric vehicles, if they were replaced by others, would not be relevant per se," they commented, explaining that the only real risk would be related to emission fines. But 'given the structure of regulation, we estimate that such fines are not significant', they stressed.

Meanwhile in sporting circles there are questions about the rumours about Ferrari's team pricipal, Frederic Vasseur, who some would like to see on the grid after poor race performances. After all, the red car has so far been the only car among the top F1 cars not to have won a single race this season. Vasseur himself had to make mea culpa: 'the initial objective was to fight for the championship. We didn't do a good job,' he said, also commenting on the poor result last weekend in Montreal, Canada, with Ferraris finishing fifth and sixth, achieved by Charles Leclerc and Lewis Hamilton respectively. At the microphones of Sky Sport F1, Vasseur admitted that 'too many mistakes were made', probably referring to Leclerc, who qualified poorly. Among other things, the tension was also felt in New York, where the Ferrari team flew in from Canada for the premiere of the 'F1' film. Vasseur's joke about his possible future as an actor did not go unnoticed, as he told a journalist: "since I'm looking for a job!". A joke obviously referring to recent rumours in the sports press about his imminent release.