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preCharge News COLORADO — Shares of Ferrari are on track for their worst trading day ever on Thursday after the luxury carmaker updated its full-year and 2030 guidance and scaled back its electrification ambitions.

Analysts were disappointed by the new guidance, saying it fell short of expectations.

The Maranello, Italy-based sports car manufacturer said at its Capital Markets Day (CMD) event that it expected net revenue of at least 7.1 billion euros ($10.7 billion) this year, up from a previous forecast of more than 7 billion euros.