On September 2, Ferrari NV fell 3.01% in regular trading, trading at $409.87/share, with turnover of $122 million. The decline was triggered by reports that Ferrari has postponed the launch of its second battery-electric vehicle to at least 2028, citing soft demand for high-performance ultra-luxury EVs.

This marks the second time Ferrari has delayed the model. Reports indicate that electric vehicles lack traditional components such as engines and transmissions, undermining the product differentiation that supports ultra-luxury brand premiums, leading to weakened purchase intent among wealthy buyers. Ferrari had previously set ambitious electrification targets, with its first EV, the Luce, achieving its annual sales goal within two months of launch and generating a two-year order backlog. However, the postponement of the second EV raises questions about the pace of the broader electrification roadmap.

The Automobile Manufacturers sector declined broadly on the same day. Among peers, Tesla fell 3.29%, NIO dropped 3.90%, Rivian lost 3.30%, Ford slid 1.40%, and General Motors declined 1.18%, reflecting broader pressure on EV sentiment across the industry.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)