Ferrari's share price has slid sharply following today's presentation and investor updates, with the share price down 15 per cent at the time of writing. The decline came despite the company lifting annual guidance and laying out ambitious long-term revenue and profit targets.

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Investors appeared to react to signals that Ferrari has pulled back expectations for its electric vehicle transition. The company announced it would slash its fully electric model mix target from 40 % to 20 % by 2030 , putting greater emphasis back on hybrid and combus

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