Overview

• Ferrari stock fell roughly 14–15% in Milan and New York after Capital Markets Day, marking its biggest one-day drop since listing in each market.
• CEO Benedetto Vigna told investors "we have to win" in Formula 1 and pointed to recent Le Mans success with the 499P as a template for improvement.
• Chairman John Elkann framed racing as central to Ferrari’s identity and issued a personal commitment to deliver F1 success for fans and drivers.
• On track, Ferrari remains without a Grand Prix victory in 2025 and is the only team in the top four without a win, with Charles Leclerc delivering all five of its podiums.
• Reports in Italian media describe internal friction over Leclerc’s public criticism and an alleged heated exchange involving team boss Frédéric Vasseur, while separate speculative reports link Ferrari to potential management changes and suggest Leclerc could assess 2026 options.