Ferrari shares surge after unexpectedly strong third-quarter performance

Ferrari stock has risen by more than 7 per cent after the Italian car maker announced unexpectedly strong third-quarter earnings and the company's CEO raised doubts over a 100 per cent electric future. Ferrari's third-quarter 2020 earnings rose by 6.4 per cent to a higher-than-forecast €330 million (or AU$538 million), despite shipments and revenue both falling.