Consumers are still souring on EVs, and now even has taken a hit because of it.

The automaker (partially) , called the Elettrica, but, not long after, disclosed in its latest earnings report that it would be downsizing its all-electric plans. Now, Ferrari says its lineup will be just 20 percent all-electric by 2030, cut in half from a previous goal of having 40 percent of its cars all-electric by then.

Investors reacted with disappointment, sending Ferrari’s stock price tumbling. The poor performance also shows that the financial forecasts for premium automakers aren’t as rosy as they were earlier this decade.

Ferrari, like and before it, hasn’t found the hunger for EVs among its well-heeled customer base as strong as it initially expected. Just a few years ago, nearly every name at the

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