Ferrari’s Electric Vehicle Push to Weigh on Shares, Goldman Says
Photographer: Brent Lewin/Bloomberg
This article is for subscribers only.
Ferrari NV’s plan to go green could be costly for investors in the short term, according to Goldman Sachs Inc.
The broker flipped its recommendation on the supercar maker to sell from buy Monday, citing the firm’s efforts to launch a battery-powered vehicle by 2025, alongside weaker volume expectations for existing models.