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Ferrari Shares Plunge After Analyst Slams New EV As "Mix Between Honda And Tesla"

Ferrari shares fell in Milan on Tuesday after the Italian supercar maker unveiled its first EV sports car, disappointing Wall Street analysts who criticized the design, with one calling it a "mix between a Honda Accord EV and Tesla."

The four-door, five-seat Ferrari Luce, priced at a staggering 550,000 euros, marks the supercar maker's first fully electric vehicle and serves as its biggest test yet: can Ferrari's nearly eight-decade brand equity survive the transition away from combustion?

Ferrari has just officially unveiled its first ever all-electric car, called the Ferrari Luce.

• Starting price: $640,000
• Interior co-designed with Apple's former head of design, Jony Ive
• Range: 280 miles (expected EPA)
• Peak charging speed: 350kW
• 122 kWh battery
•… pic.twitter.com/QjgHeP1hJm

— Sawyer Merritt (@SawyerMerritt) May 25, 2026

AIR Capital analyst Pierre-Olivier Essig said the Luce looks like a "mix between a Honda Accord EV and a Tesla."

He added, "We are lost in translation with Ferrari's new strategy."

The Luce is equipped with 1,000 horsepower, accelerates from 0-60 mph in 2.5 seconds, and has a top speed above 192 mph. Even with top-tier performance, the car's design has been instantly rejected by people online.

Left, Ferrari Luce $645k
Right, Nissan Leaf $35k pic.twitter.com/2PtrCrgnDW

— Tommy (@_TommyMason) May 25, 2026

Analysts at Oddo BHF noted that initial reactions to the exterior design have been largely negative among core Ferrari enthusiasts, reflecting concerns about a deviation from the brand's heritage.

They noted that while it is a bold and strategic move, it will likely have only a modest impact on sales and may lead to margin dilution, given high development costs and weaker residual values in EVs.

Oxcap analyst Stuart Pearson told Bloomberg that “"he Luce is likely a challenging aesthetic for many to digest, ourselves included, but it may provide the answer to Ferrari's China question."

The disappointment spilled over into the equity market, with Ferrari shares in Milan trading down about 6%.

On the year, the stock is down around 9% and about 40% off its high established in early 2025. Shares are currently trading around 2023 levels.

One notable takeaway from Goldman analyst Christian Frenes earlier this month was a report explaining Ferrari hybrids are depreciating far faster than their petrol-powered counterparts, suggesting buyers still prefer V-8 and V-12 combustion engines.

On top of Ferrari's shift into EVs, at a time when Lamborghini and Porsche have slowed EV plans as demand for high-end EVs remains lackluster, the car company recently reported wartime disruption to deliveries earlier this month.

At Capital Markets Day in October 2025, Ferrari set an official 2030 net revenue target of 9 billion euros, or about 800 million below expectations. Wall Street analysts were expecting 10 billion euros, adding to concerns about the company's long-term growth outlook and its strategy as it now enters EVs.

Tyler Durden Tue, 05/26/2026 - 07:20

The son of late Mango founder Isak Andic quit as the fashion company's vice president Tuesday, days after he was arrested in connection with his father's deadly plunge from a cliff.

Andrea Davis texted her husband to say she was going to hurt their young children -- sending him a horrific image of one of them bleeding from the head, police said.

Grandma Gail and Kim disagree over the end of a friendship.

"I don't think there's anywhere else on Earth right now that allows as much social mobility as the United States," said novelist Kevin Kwan.

Can the Tigers, who had the AL’s second-worst record going into Memorial Day (21-33), play well enough over, say, the next six weeks to decide to keep Tarik Skubal and go for it?

How The Deep State Weaponizes AI To Control The Narrative

The Deep State just upgraded from clunky human fact-checkers to AI that scales narrative control at lightspeed.

As Tony Seruga wrote on X:

No more paper trails, subpoenas, or exposed biases - just seamless manipulation.

Automated Shaping at Scale

AI floods zones with thousands of subtly varied "organic" rebuttals in seconds.

Pre-bunks emerging stories before they trend.

Detects your writing style, reasoning patterns, and source chains to dynamically throttle—no crude bans needed.

Infrastructure Already Live

CISA’s old “election security” coordination with platforms?

Content-agnostic and ready for new “harm” definitions.

Palantir, CrowdStrike & intel partners embed AI trained on classified data into commercial tools.

WEF’s “whole-of-society” push demands exactly this AI governance.

The Upgrade

Old fact-checkers left audit trails (funding, revolving doors).

AI is a black box: “The algorithm decided.”

Trained on curated data that associates inconvenient truths with “low quality.”

Plausible deniability baked in.

Endgame?

Not winning debates—making certain ideas unthinkable.

Never seen, never debated.

Just endless “helpful” corrections from voices that feel trustworthy.

Antidote: Think independently. Support alternative platforms. Never outsource your mind to machines or badges. Question everything.

The machine doesn’t wear a “FALSE” stamp—it whispers consensus until you believe it.

What’s your move?

Ignore at your own peril!

Tyler Durden Tue, 05/26/2026 - 06:55

Repositioning cruises are the ultimate budget-friendly hack, especially for travelers who enjoy being at sea.

European Gas Storage Can't Survive 3 More Months Of Hormuz

Authored by Alex Kimani via OilPrice.com,

• Europe risks a major gas storage shortfall if disruptions through the Strait of Hormuz continue for another 1–3 months, with inventories still far below normal seasonal levels.

• LNG supply disruptions, strong Asian demand, and distorted gas pricing have made refilling storage unusually difficult and expensive across the EU.

• Equinor warns prolonged disruptions could push Dutch TTF gas prices toward €90/MWh, forcing industrial demand destruction and fuel switching across Europe.

Europe could face a critical shortfall in natural gas stocks if shipping disruptions through the Strait of Hormuz persist for another 1-3 months, senior executives at Norwegian energy giant, Equinor ASA (NYSE:EQNR), have warned. Europe entered the current summer refill season with severely depleted gas reserves, with gas stores only 28% full following a prolonged winter. Europe’s storage levels are currently at 35-37%, significantly below the 50% seasonal norm, increasing the risk that the continent will miss its usual 90% target at the beginning of the next winter heating season. The European Union requires member states to maintain robust storage fill levels, typically targeting an 80% to 90% capacity by early winter. A combination of factors has made filling Europe's largest storage hubs a daunting task heading into the latter half of the year.

First off, heavy withdrawals during winter, driven by peak household heating, coupled with a spike in industrial power demand, depressed natural gas storage levels in Northwest Europe to below 30%, roughly double the EU's overall storage deficit. Gas levels in the Netherlands, Germany, and France fell to critically low levels before spring even began: Dutch reserves plunged to just 5.8% by the end of winter, marking the lowest level in a decade; storage levels in Germany dipped to ~20% while those in France hovered around 27% by the time spring kicked in.

Second, distorted pricing and inverted seasonal price curves have contributed to Europe’s gas crisis, with an unusual market structure wherein summer spot prices are higher than winter contracts stalling necessary storage replenishment. Dutch TTF seasonal spreads have remained in negative territory to the tune of ~€ 1.3/MWh, with the unusual backwardation disrupting the traditional dynamics of injecting gas during the cheaper summer months and withdrawing it during the colder, high-demand winter season.  Europe has also been facing an LNG squeeze, with competing global energy demands and disruptions to major LNG facilities due to the Middle East conflict making replenishing stocks highly costly. Delays and infrastructure damage at key facilities particularly in Qatar combined with a phase-out of Russian LNG have intensified global competition for spot cargoes, particularly against high demand in Asia. The inverted curve has also been partially driven by expectations of an influx of new global LNG capacity later in the year, coupled with near-term supply concerns.

EU member countries have responded to the distorted pricing mechanism using various approaches. In Italy, regulators such as ARERA and transmission system operators like Snam have introduced financial compensation schemes that allow traders to bid in auctions where the market manager pays the difference between the summer and winter gas prices at the Virtual Trading Point (PSV) to ensure storage targets are met. The situation is different in Germany, with Europe’s largest economy having historically avoided direct state subsidies to force injections, instead relying on legal mandates and market-balancing tools. Germany's Bundesnetzagentur enforces strict statutory filling targets for natural gas storage to guarantee winter supply security. Shippers and network users are legally obligated to meet specific inventory levels, and compliance is driven by market mechanisms, capacity auctions, and strategic instruments managed by Trading Hub Europe GmbH (THE). To cover costs associated with purchasing, injecting, and managing strategic gas reserves, THE utilizes a regulatory storage neutrality charge. This levy, historically applied to exit flows and network points, helps recover the costs of state-mandated storage measures.

Despite the difference in domestic incentives, both nations are subject to EU-wide regulations, requiring minimum storage levels historically targeting 80-90% of maximum capacity ahead of the winter heating season. While Italy has leaned into financial support, Germany relies on regulatory mandates, with the goal of passing storage-filling obligations onto active wholesale market participants.

Equinor has warned that whereas a quick resolution could allow for Europe to attain a manageable 75% storage level by the end of the injection season, a 1–3 month blockage would make the situation highly critical, potentially driving TTF prices toward €90/MWh. A spike in gas prices is expected to drive market corrections, including a projected 10 billion cubic meter reduction in gas-to-power demand and increased industrial fuel switching.

That said, Europe’s current gas crisis is nowhere near as dire as the situation it faced when Russia invaded Ukraine a couple of years ago. Indeed, Germany is going ahead with the privatization process for Uniper following the company's multi-billion-euro rescue during the 2022 energy crisis. Under the European Commission state aid rules that approved Berlin's 2022 bailout, Germany is legally required to reduce its shareholding to a maximum of 25% plus one share by the end of 2028. Uniper's finances have improved dramatically following a massive €40 billion net loss in 2022 triggered by the cutoff of Russian Gazprom gas. The utility won major arbitration damages, and has already begun repaying government aid. This financial health makes it highly attractive to private markets. Headquartered in Düsseldorf, Uniper is one of Germany’s largest gas importers and a key player in Europe's gas trading and storage networks.

Tyler Durden Tue, 05/26/2026 - 06:30

Schumer and other national Democrats are again doing their best to hide their own extremism.

New York’s City Council is intent on helping nonprofits snap up apartment buildings, whether owners want to sell to them or not.

Federal tax dollars could fund a controversial program allowing drag queens into schools to read to young children if Democrats regain majority control of the House of Representatives, The Post has learned. Rep. Dan Goldman and his Democratic primary opponent, former City Comptroller and Councilman Brad Lander, told an LGBT Democratic club they support funding...

"This phenomenon was particularly pronounced among older adults, individuals with cardiac [history] and after two or more consecutive holidays," the researchers wrote.

The food fight over banning Israeli products from Brooklyn’s lefty Park Slope Food Coop is getting rotten — and members are saying a few bad apples are ruining the bunch.

Japan's Auto Giants Are Losing The EV Race To China

Japan’s car industry is being forced into a major reset as Chinese automakers rapidly outpace traditional rivals in electric vehicles, software, and manufacturing speed, according to Nikkei.

The shift is especially visible at Honda Motor. In 2021, CEO Toshihiro Mibe pledged that EVs and fuel-cell vehicles would account for all new Honda sales by 2040. Last week, however, he admitted the plan was “not realistic under the current circumstances,” formally backing away from the target.

Nikkei writes that Honda’s retreat marks a sharp reversal. The company had committed trillions of yen to EVs, battery production, and a Canadian supply chain while also betting heavily on Afeela, its software-focused electric vehicle partnership with Sony Group. The project was meant to prove Japanese automakers could compete in the era of connected, software-defined cars.

Instead, Honda is cutting EV spending, delaying major factory projects, and pivoting back toward hybrids after posting its first full-year net loss since going public in 1957.

The company’s problems mirror a wider struggle across Japan’s auto sector. Nissan Motor has recorded heavy losses for two straight years, while even Toyota Motor expects another decline in annual profits.

Industry analysts say the biggest pressure is no longer coming from U.S. or European rivals, but from China. Companies such as BYD and Geely have rapidly expanded worldwide, using low-cost production, aggressive pricing, AI-assisted development, and advanced battery technology to gain market share.

Chinese firms are also moving far faster than Japanese competitors. New vehicle programs in Japan typically take four to five years to reach market, while leading Chinese brands can launch models in under two years. Their rapid rollout of new EV platforms, self-driving features, and ultra-fast charging systems has transformed China into the center of automotive innovation.

“There is no doubt that Chinese automakers are the root cause of Japanese manufacturers’ steadily declining market share,” said Masatoshi Nishimoto of S&P Global Mobility.

At the Beijing auto show this year, Chinese companies highlighted technologies that underscored the gap. BYD demonstrated a battery capable of charging from 10% to 97% in roughly nine minutes, while rivals showcased advanced autonomous-driving systems and fully digital steering and braking controls.

Japanese automakers still maintain advantages in reliability, resale value, and after-sales service, particularly in developing markets where used Japanese vehicles dominate roads and repair networks are already established. Analysts say those strengths may become increasingly important as companies focus on the Global South for growth.

That strategy is already reshaping corporate alliances. Toyota is deepening partnerships with Suzuki, Mazda, Subaru, and NTT, while Nissan and Honda continue discussing cooperation even after merger talks collapsed. Both companies are also working more closely with Chinese suppliers and technology firms to reduce costs and accelerate development.

Some executives see collaboration as essential to survival. Toyota chairman Koji Sato warned recently that “there is complete agreement on the sense of crisis” facing Japan’s auto industry.

Still, some analysts believe the scale of China’s rise may be too large to counter. As one observer put it, the challenge is no longer Toyota competing with a single rival, but with hundreds of Chinese EV brands moving simultaneously across global markets.

Tyler Durden Tue, 05/26/2026 - 05:45

“Cruel” vandals have ripped down posters for a missing Jewish teenage girl in Toronto – who vanished more than a week ago.

A collision ‌between a ​train ​and a ⁠school ​bus ​in the Belgian ​town ​of Buggenhout ‌on ⁠Tuesday morning killed ​several ​people, ⁠a ​source ​on ⁠the ground ⁠told ​Reuters.

Nothing quite prepared me for going from pelvic tilts to learning how to grip a pistol — and then testing my aim at a firing range — all in the course of a Friday night. 

Sonny Rollins, the tenor saxophonist and restless genius whose bold, distinctive tone and constant experimentation kept him on the cutting edge of jazz for more than 50 years, died Monday at age 95.

Sonny Rollins, the tenor saxophonist and restless genius whose bold, distinctive tone and constant experimentation kept him on the cutting edge of jazz for more than 50 years, died Monday at age 95.