Ferrari N.V. Common Shares (RACE)

High-profile celebrities including Amazon.com Inc. founder Jeff Bezos and actress Sofia Vergara attended the prestigious 2025 Monaco Grand Prix on Sunday, highlighting Formula 1's growing appeal among entertainment industry figures and wealthy investors. The glamorous race weekend attracted billionaires, actors and sports stars as McLaren driver Lando Norris secured his second victory of the season. Bezos, accompanied by fiancée Lauren Sánchez, was photographed wearing Ferrari team headsets while observing the competition from premium hospitality areas.

Ferrari shares fell as Trump's tariff threat on EU imports sparked trade war fears. With 30% of revenue from the U.S., tariffs could heavily impact profitability.

European stocks tumbled after President Trump threatened a 50% tariff on EU imports starting June 1, targeting a $250 billion trade deficit.

See how tariffs are impacting automotive companies. Two are getting hit hard, while two others are speeding away from the competition.

According to data released by the Commerce Department on Tuesday, the trade deficit for March surged 14% sequentially to $140.5 billion.

The sports car maker posted a net profit of €412 million (approximately $466 million) during the quarter, growing 17% year over year.

rel=noreferrer noopener>Chinese EV Companies See Huge April Growth: XPeng Surges 273% In DeliveriesFerrari's stock drops after reporting first-quarter results and guidance, with sales growth and profits beating analyst estimates.

The automaker has lowered its full-year profit forecast but remains optimistic about offsetting some tariff impacts and maintaining its manufacturing investments.

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BofA analysts discussed the impact of tariffs on automakers, with Ford and GM at high risk of negative ratings. Ford is pushing forward with low-cost EVs and connected vehicle subscriptions, while GM is focusing on Cadillac's EV transformation and Formula One participation. Tariffs may cost OEMs $6k-$8k per car, with potential cost passes to consumers.

"This 25% auto tariff number is hard to digest," Dan Ives says, predicting continued downward pressure on GM and Ford.

Auto stocks drop as Trump shrugs off concerns over car prices following announcement of new tariffs on imports. Concerns over supply chains & demand.