Ferrari's share price has slid sharply following today's presentation and investor updates, with the share price down 15 per cent at the time of writing. The decline came despite the company lifting annual guidance and laying out ambitious long-term revenue and profit targets.

Investors appeared to react to signals that Ferrari has pulled back expectations for its electric vehicle transition. The company announced it would slash its fully electric model mix target from 40 % to 20 % by 2030 , putting greater emphasis back on hybrid and combustion models.

CarExpert is at the brand's investor day and there appears to be some agitation from investors that Ferrari is hedging its bets on battery technology, concerned about execution risk or cost pressures in going fully electric too fast.

See Full Page