Italian Ferrari falls sharply on the Milan stock exchange after today's capital market day where the company presented a more cautious future forecast than expected.
The share has backed down by about 16 percent during the day, the largest decline since the company was listed on the stock exchange in early 2016.
Ferrari, which has now presented its first fully electric car under the name "Elettrica", announces at the same time that the conversion to the electric car market will take longer than expected.
Previously, the assessment was that electric cars will account for 40 percent of sales by 2030, now the assessment is instead that it will be only one in five cars sold.
