deliveries – Charm

Ferrari stock slides as China deliveries hit roadblock

Cs news5 months ago07 mins

Ferrari (RACE) stock slipped on Tuesday after the Italian luxury automaker reported third quarter results that were in line with expectations but deliveries that slumped compared to a year ago. Ferrari does expect strengthening sales in Q4 to boost full-year results. For the quarter, Maranello-based Ferrari reported revenue of €1.64 billion ($1.79 billion), matching estimates…

Tesla’s quarterly deliveries set to rise as China incentives lure wary EV buyers

Cs news6 months ago05 mins

By Akash Sriram and Abhirup Roy (Reuters) – Tesla is expected to report an 8% jump in third-quarter deliveries of its electric vehicles on Wednesday, Wall Street estimates show, driven by extended incentives and lucrative financing plans in the world’s largest auto market, China. Responding to sluggish Chinese spending amid flagging economic growth and rising…