Ferrari shares fell over 12% on Thursday, marking the stock’s largest single-day drop since its 2015 listing, according to CNBC. The decline came despite the company maintaining its guidance and announcing plans to reduce U.S. price cuts. Citi analysts noted that although Ferrari’s performance remains strong, investor attention is now turning to whether the company can sustain its high EBIT margin amid slowing growth in shipments and average selling prices. The luxury automaker said it will reduce the price compensation offered on some U.S. models once EU tariffs fall from 27.5% to 15%.
