Ferrari overtaken by rivals to end years in stock market fast lane

While competitors, particularly Volkswagen, have got a boost from the hullabaloo around electric vehicles, Ferrari has run into setbacks including an underwhelming earnings forecast

After racing clear of its rivals for years, Ferrari NV has been relegated to the back row of the stock market grid.
 
The Italian supercar maker, the top performer in the Stoxx 600 Automobiles & Parts index for each of the last three years, has fallen 5.6 per cent since the start of 2021 and just suffered its worst quarter since the end of 2018. That’s a marked contrast to strong gains by rivals, including Volkswagen, which owns luxury brands Porsche, Bugatti and Lamborghini.
 
While competitors, particularly VW, have got a boost from the hullabaloo around electric vehicles,