Companies

Ferrari's Test Drive of a Tesla Model S Plaid Sparks Curiosity

Published February 6, 2024

In a surprising turn of events, the iconic Italian supercar brand Ferrari NV RACE, known for its high-performance vehicles, was spotted testing a car from its electric rival, Tesla Inc TSLA. A new video that has caught the attention of auto enthusiasts worldwide captures a Tesla Model S Plaid right at the heart of Ferrari's Italian factory premises.

The Intriguing Sight at Ferrari's Factory

Car enthusiasts and investors alike were bemused to witness the sight of a Tesla Model S Plaid, one of the fastest production cars in the world, in the realm of Ferrari - a brand synonymous with luxury combustion engines. The video quickly sparked discussions and theories. Was Ferrari benchmarking against Tesla's latest EV technology, or was there another reason for the Tesla Model S Plaid's presence at Ferrari's home base?

Ferrari's Electric Ambitions

While Ferrari RACE has yet to fully embrace electric vehicles (EVs), the test drive suggests that the company is keeping a close eye on industry leaders like Tesla TSLA. Ferrari has announced its intention to unveil its first all-electric supercar by 2025, in response to the shifting landscape towards sustainable transportation. By analyzing Tesla's cutting-edge electric powertrain and performance capabilities, Ferrari may be looking to incorporate and adapt similar technologies for its future models.

The Broader Impact on Auto Stocks

The evidence of a marquee supercar manufacturer like Ferrari examining Tesla's EV prowess has implications across the auto industry and stock market. Investors are keenly observing companies like Alphabet Inc. GOOG, the parent company of Google, known for its technological innovations and self-driving car project Waymo, as well as electric vehicle and clean energy leader Tesla TSLA. The lines between automotive and technology stocks continue to blur, offering a complex yet fascinating landscape for market participants.

Ferrari, Tesla, EV