Ferrari isn't worth owning even after getting cheap, because of long-standing brand problems. Like Corvettes, it isn't embraced by younger generations versus other exotic brands; it refuses to move to non-animal-skin interiors beyond the Purosangue SUV's Alcantara; and, as with Porsche, its SUV is cheapening the brand, with Ferrari merchandise even turning up in an outlet-mall shoe store. The Luce may be just long-term noise. x.com 

Ferrari deserves to fall more than 10 points premarket after unveiling what is probably the ugliest car it has made, at an insane price. Repliers in the thread add that a Tesla Plaid costs a fraction of the price and that someone should be fired for allowing the design. x.com  x.com  x.com 

Ferrari's buyers are rich people, and rich people never go through a recession. The stock just hit its highest level since November 2025. x.com 

Ferrari faces a long-term demand problem as younger wealthy buyers turn to Lamborghini, McLaren and multimillion-dollar niche brands like Pagani and Koenigsegg. Ferrari is the world's most dominant brand and forcing buyers to purchase all models for allocations keeps it doing well, but it sticks to an older audience while rivals court the young and rich. Once its over-60 buyers age out, the business should shift toward the others. x.com 

Ferrari remains expensive because bulls ignored its capitalized R&D, overstating free cash flow. At the peak the stock traded near a 1% FCF yield, and dividends plus buybacks only ever covered about half the quoted FCF, leaving some €400M unexplained. Even at about 25x FCF it would be only cheap-ish when TransDigm or Moody's, growing 6-8% for years, trade at 25-30x, and Ferrari is still materially above that despite a 43% drawdown, its largest ever, per @Fiscal_ai. x.com  x.com  x.com 

Ferrari's 41% drop from its high looks out of line with its fundamentals: net margin only slipped from 23% to 21%, and it is a beautiful company trading at a P/E barely above the market's. A fall this large should reflect fundamentals rather than technicals, beyond the broad market decline, so either the selloff is overdone or something is being missed. x.com  x.com 

Ferrari's first electric vehicle, the Ferrari Luce, received horrible feedback, and the stock has now broken a clean seven-year uptrend. One wrong launch can ruin an entire company. x.com 

Ferrari's incompetence in Formula 1 is one reason not to own its stock. x.com 

Ferrari got cheaper while its moat got deeper, which could make it an excellent pick for a 10-year-plus horizon. Its multiple fell from 60x in 2020 to 30x even as EBITDA margin rose from 29% to 40%, ROE reached 42% and its quality score hit 98/100, the best in global autos. The derating reflects expected revenue growth of about 6% a year through 2028, half the historical pace, because management deliberately capped volume to protect scarcity, leaving only price increases to drive growth. x.com 

Ferrari is overvalued for such low growth. x.com