Sergio Marchionne, CEO Ferrari while addressing in at the North American International Auto Show in Detroit, has indicated that Ferrari's electric SUV will hit the roads even before Tesla's Roadster.
Reports suggest the all-electric supercar will be quicker than the insane new Tesla Roadster 2.0, which is claimed to achieve 0-100km/h just 2.1 seconds and the quarter mile in 8.8 seconds.
But despite the undoubted advantage the Ferrari name will have over most serious rivals in the electric auto market, the evocative Italian manufacturer faces the same challenges as every other company when it comes to range.More news: Student Wounded in Texas High School Shooting; Suspect in Custody, Police Say
Then there's the sketchy timeline for this - Marchionne describes Ferrari's eventual electric supercar as an "if", rather than a definite certainty.
"People are amazed at what Tesla did with a supercar: I'm not trying to minimize what Elon (Musk) did but I think it's doable by all of us".
Now he announces that Ferrari is working an electric supercar.More news: Mobile still has fastest 4G LTE speeds, while Verizon, AT&T slowly recover
The new business plan, scheduled to be published in the first half of 2018, will include hybrid models.
But Tesla's high-performance P100D versions of is Model S and Model X cars deliver eye-popping performance and generate buzz among customers.
Some firms have already gotten around to launching electric supercars, though the cars' production runs are tiny. However it seems that Ferrari has recently confirmed that they will be building an electric supercar that could potentially cater to those who want a fast and eco-friendly auto. The Ferrari exec also made an interesting prediction.More news: Sam's Clubs closing nationwide: List of closing locations
Anyway, it's nice to see Marchionne finally feeling some pressure to make electric cars. What's odd is why it's taken Marchionne so long to come around.