Ferrari slides as investors digest debut of its first fully electric Luce model

Ferrari N.V. (RACE) is down 4.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst is investor pushback after Ferrari unveiled the Luce, its first fully electric production vehicle, a major strategic shift for the brand. The initial reaction appears to be driven less by near-term financial guidance and more by concern that the design, positioning, and EV market backdrop could dilute exclusivity or slow demand versus expectations.

Details:

Ferrari debuted the Luce as its first fully electric model, marking a high-profile expansion of its electrification strategy.

Reports around the launch highlighted a very high starting price (about €550,000) and indicated first customer deliveries are expected to begin in Q4 2026.

Early market reaction in Europe showed a sharp intraday drop in Ferrari’s Milan listing following the reveal, which weighed on sentiment for the U.S.-listed shares.

Ferrari has emphasized significant new technology content for the program, including a large batch of new patent filings tied to the vehicle.

Sources:

Ferrari (press release), Investing.com, The Guardian

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$RACE Hedge Fund Activity

We have seen 337 institutional investors add shares of $RACE stock to their portfolio, and 489 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BANK OF AMERICA CORP /DE/ removed 2,474,138 shares (-73.8%) from their portfolio in Q1 2026, for an estimated $837,372,006
CAPITAL WORLD INVESTORS removed 1,175,679 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $434,483,931
BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. added 623,086 shares (+157.2%) to their portfolio in Q1 2026, for an estimated $210,883,456
ALLIANCEBERNSTEIN L.P. removed 572,546 shares (-24.5%) from their portfolio in Q1 2026, for an estimated $193,778,193
CAPITAL RESEARCH GLOBAL INVESTORS removed 538,707 shares (-60.0%) from their portfolio in Q1 2026, for an estimated $182,325,384
GOLDMAN SACHS GROUP INC added 482,073 shares (+44.8%) to their portfolio in Q1 2026, for an estimated $163,157,606
WCM INVESTMENT MANAGEMENT, LLC removed 424,528 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $143,681,501

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$RACE Congressional Stock Trading

Members of Congress have traded $RACE stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $RACE stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. sold up to $15,000 on 12/18.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$RACE Price Targets

Multiple analysts have issued price targets for $RACE recently. We have seen 2 analysts offer price targets for $RACE in the last 6 months, with a median target of $465.0.

Here are some recent targets:

Zuzanna Pusz from UBS set a target price of $483.0 on 04/01/2026
Jose Asumendi from JP Morgan set a target price of $447.0 on 03/03/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.