Ferrari’s (NYSE:RACE) EV Will “Sound and Handle like a Proper Ferrari”

Ferrari’s (NYSE:RACE) EV Will “Sound and Handle like a Proper Ferrari”

Ferrari’s (NYSE:RACE) EV Will “Sound and Handle like a Proper Ferrari”

$RACE

Ferrari’s (NYSE:RACE) CEO Sergio Marchionne is known for his opposition to EV’s (electric vehicles), though his position has softened a bit over the past 2 years.

At the Detroit Auto Show last month, in a jab at Elon Musk’s pretender cars, Mr. Marchionne said that “if there were an electric supercar to be built, then Ferrari would be the first.”

Ferrari boss knows what he it talking about as he is well aware that his outfits Supercars are the world’s best, and when and it the Maranello outfits opts to make an EV model it will be the best, and it will sound great.

“…So whenever Ferrari will express itself in a fully electric vehicle, it will do so by making sure that both sound and handling are reflective of Ferrari’s heritage,” MrMarchionne said, leaving the entire world wondering how an electric vehicle can be made to sound like a naturally-aspirated V12.

I have been a Ferrari fan since the mid 1950’s and an owner since 1965, so it will be very interesting to see what happens if or when Ferrari decides to build an EV Supercar, as motoring is all about the sounds.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 129.71 16 February 2018 0.61 130.32 131.2 129.28 571,800
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.29) Neutral (0.08) Bullish (0.45) Bullish (0.33)

Have a terrific weekend.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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