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Ferrari unveils four-door Purosangue model

Yahoo Finance's Pras Subramanian joins the Live show to discuss Ferrari's new four-door EV, the Purosangue.

Video Transcript

[AUDIO LOGO]

- So Ferrari has a new four door vehicle. Very reasonably priced, I'm sure.

PRAS SUBRAMANIAN: Yeah, very reasonably priced. You know, who cares about the price of gas, right? So, you know, Ferrari here with their first SUV, but don't call it an SUV. They're calling it a Four-door, four-seater, the Purosangue. You know, a very interesting sloping design, fastback design here. Ferrari says it has a V12 with 715 horsepower. Immense power there. Also with these special doors that open-- coach-style door-- in the back. They open up reverse style, the way you would think that a Rolls-Royce has those types of coach-type doors.

So anyway, a lot going on here. It's a big release for Ferrari. First SUV, but they had to do this because they're kind of far behind their competitors in Lamborghini, and also Rolls-Royce and Bentley all have SUVs right now. And also their electrification plans. So they're a little bit behind their. They've said their first EV will be revealed in 2025. This car might actually become a hybrid. They promise around 60% of cars will be hybrids or battery electrics by 2026, so you're potentially seeing the future for the brand here-- SUVs and potentially hybrids, too.