Ferrari And Porsche Shares Have Taken Different Roads Since They Went Public

At yesterday’s close, Porsche shares were down more than 20% from when they first hit the market nearly 2.5 years ago, as some of the luxury carmaker’s shine fades. Things could get worse, too; earlier today, the company posted flatlining annual sales figures and operating profit that was down 23% from 2023, while it reiterated plans to cut 1,900 jobs in the next four years to boost efficiency. 

As shares in the company behind iconic models like the 911, which was first introduced more than 60 years ago, have sputtered, Italy’s largest luxury car company, Ferrari, has positively roared since it debuted in 2015.

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