TM - How To Destroy A Great Global Brand And The Cult Of Ferrari
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Short Thesis Summary
Demographics, technology, the Green Movement, electric and autonomous vehicles along with substantial over-production by premier ICE manufacturers are all culminating to derail RACE stock, which is sitting near its all-time high right below ~$180 per share in the USA sporting a ~$33 billion market cap. The golden age of Formula-1 and a constantly growing demand curve for exotics (especially Ferrari) is over. The dominance of