Ferrari (RACE) reports earnings Thursday November 2nd before the open.
The cheapest Ferrari car is $188k. The most expensive Ferrari is $400k.
Ferrari was spun off in 2015 from Fiat Chrysler (FCAU)
Their margins are 22% – the highest in the industry.
It takes 2.2 seconds for a Ferrari to reach 60 MPH. It takes 8 seconds for an SUV to reach 60 MPH.
Tesla Motors (TSLA) reports earnings the day before Ferrari, on Wednesday November 1st after the close.
In the past two years, Ferrari’s stock has gone up 120%. And Tesla has gone up only 38% in the past 2 years.
Tesla eventually wants to sell 1 million cars a year. Ferrari sells only 7,000-8,000 cars a year because they are very expensive and not everyone can afford them.
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