00:00Ferrari unveiled its first all-electric sports car, the Eletrica, on Thursday during a technical
00:05showcase at its Marinello headquarters, but the announcement was overshadowed by a dramatic
00:09stock plunge as investors reacted negatively to the company's revised financial targets
00:13and scaled back electrification ambitions. The Italian luxury automaker's shares tumbled as
00:18much as 16% in Milan trading, wiping out approximately 13.5 billion euros from its
00:24market capitalization in what marked Ferrari's worst trading day in nine years.
00:28The stock decline overshadowed what CEO Benedetto Vigna called a historic moment for the 78-year-old
00:34company. Don't forget to like, share and subscribe for more global updates.
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