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Ferrari holds the rope in the stock market

Ferrari holds the rope in the stock market

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The Italian automaker has performed well in the 2022 stock market race despite the obstacle of rising interest rates. Compared to Tesla, its capitalization multiples have fallen six times slower and show a 20-30% premium to Elon Musk’s firm.


For lack of not winning a Grand Prix for years, the prancing horse brand is making up for it on the stock market. Indeed, the stock has lost only 6% since January 1, while net estimates per share have increased by 2.5% in 2022.


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In a complicated economic context, with rising raw materials and energy costs, the automotive sector is trying to stay on course. The Italian family-owned company has thus put itself on the waiting list for deliveries of its new SUV, the Purosangue, which will bring it some profitability.


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