Ferrari’s shares fell 15% on Thursday on disappointment over the luxury carmaker’s new long-term financial targets, taking the shine off the unveiling of the technology behind its first electric car .

The share price drop wiped 13.5 billion euros ($15.67 billion) from Ferrari’s market capitalization.

The automaker set a revenue target of 9 billion euros ($10.4 billion) for 2030, an increase on its 7.1 billion euro forecast for this year, but a less ambitious figure than the market had been hoping for. 5

“I think people were expecting a higher top line — but I think it is important that we execute what we say, we cannot commit on something we cannot achieve,” CEO Benedetto Vigna said, referring to financial targets, during a presentation of the company’s new long term business pl

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