Porsche Investors Lose Hope of a Supercar Stock Like Ferrari
- A China slowdown is weighing on the luxury carmaker’s shares
- Porsche has lost its once €40 billion premium to Volkswagen
Porsche told analysts last week that sales volumes would likely be flat.
Source: Porsche AGThis article is for subscribers only.
When Volkswagen AG spun off Porsche AG in late 2022, the investment community had visions of a supercar stock to rival Ferrari. The dream is yet to become a reality, and some investors are doubting it ever will.
While Ferrari shares have soared more than 50% since the start of last year, Porsche has declined by about a fifth, sending its market value closer toward parity with that of its former parent — a far cry from a gap that once stood at €40 billion ($43 billion).