Twitter/X

Ferrari's ticker RACE plunged more than 7% after the company revealed the design…

Brief

Ferrari (ticker RACE) dropped over 7% on 2026-05-26 following public disclosure of the design for its first electric vehicle. The market move was reported by The Kobeissi Letter and reshared by Twitter/X user @MarinElitist, linking the share decline directly to the vehicle design reveal.

Why it matters

Ferrari's ticker RACE plunged more than 7% after the company revealed the design of its first electric vehicle.

Key details

  • The claim was posted by The Kobeissi Letter and reshared by user @MarinElitist on 2026-05-26.
Source evidence

Short $RACE

The Kobeissi Letter (@KobeissiLetter)

BREAKING: Ferrari stock, $RACE, falls over -7% after revealing the design of its first electric vehicle.

— https://nitter.net/KobeissiLetter/status/2059239373204234386#m