Analysts advise Ferrari to quickly switch to electric carsOctober 14, 2020
The decision to build electric sports cars Ferrari will boost the Italian company’s stock
Despite the setbacks in Formula 1, the shares of the Italian sports car manufacturer Ferrari have grown in recent years. So, after the formal separation from the Fiat group into a separate company, Ferrari has tripled in price.
However, now the Italian firm urgently needs to switch to the production of all-electric cars, analysts at Morgan Stanly are sure. In their opinion, it is electric cars that will become the main drivers of further growth in the Ferrari share price for the next 3-5 years.
There were two main reasons for this conclusion. The first is the ban on the sale of gasoline cars in California, one of the richest markets for Ferrari. This ban is expected to take effect in 2035. Also mentioned are the growing bans on petrol cars in the central areas of the world’s key cities for Ferrari.
The second reason Morgan Stanly found is the significantly lower cost of electric motors compared to powerful internal combustion engines. Whereas the mainstream car advantage in the form of cheaper engines pales in comparison to the cost of the battery, in the class of supercars ICEs are already so expensive that it is cheaper to supply an electric motor and a battery.
So, according to analysts, the cost of gasoline engines from Ferrari starts at 95 thousand dollars. And the Tesla Model S Plaid three-motor electric drive will cost the California company about 40 thousand per car, which, moreover, will have better acceleration dynamics than any Italian gasoline supercar. The difference of 55 thousand dollars is more than enough to build the most advanced battery pack for the car.
The analysts’ report makes no mention of tightening environmental regulations around the world. For this reason, in particular, the Volkswagen concern has decided to get rid of the sports brands Lamborghini, Bugatti and Ducati.
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