Ferrari stock prices are collapsing after the new CEO said that former CEO Marchionne's 2022 targets for the company were "aspirational" which has seemingly been interpreted by investors as 'make-believe'.

*FERRARI CEO CAMILLERI SPEAKS ON CALL WITH ANALYSTS

*FERRARI CEO: 2022 TARGET SET BY MARCHIONNE WAS `ASPIRATIONAL'

*FERRARI CEO: 2022 TARGETS BRING RISK, OPPORTUNITIES

Camilleri confirmed that the company will lay out a strategy for reaching the targets in September, suggesting to investors that there is no clear strategy currently.

RACE is now down 11%...

Under a bus...