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Ferrari N.V. (RACE – Q4FY19 & FY19) – Provides cautious outlook for FY20 due to a weak demand in Asian market.

Ferrari has become the latest car manufacturer to join the European carmakers’ association (ACEA). ACEA represents manufacturers of passenger cars, vans, trucks, and buses with production sites in the European Union and provides benchmark data on vehicle registrations. Ferrari’s membership took effect on Jan. 1, 2020, following the approval at the end of 2019, by […]

Tesla Inc (TSLA) – We expect TSLA to deliver ~87,000 to 88,000 vehicles in Q2FY19

TSLA had been expanding the Model 3 footprint, globally. The company expects the market share to increase in Europe more than the U.S. TSLA has also been increasing the production capacity at its Gigafactory in Shanghai. TSLA spent nearly $600mn in Q1FY19 for the Model 3 expansion. Demand continues to surge for its entry model […]