Ferrari stock price set for $340 dip before rebound, technicals show — TradingView News
Ferrari stock price has had a difficult year, falling from a high of $516 in July to the current $375, a move that has erased its market capitalization from the year-to-date high of $136 billion to the current $90 billion.
Ferrari stock price dropped amid concerns about the company
Ferrari, the iconic Italian supercar company, has come under pressure in the past few months as investors have questioned its strategy to launch an electric vehicle in 2026.
This launch comes as companies that launched their EVs to compete with Tesla have paid dearly in the past few months. For example, in a recent statement, Ford, a top American company, was forced to take a $20 billion charge.
Similarly, Porsche, a top German luxury carmaker, has become one…
