+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

FERRARI BOSS: 'Elon Musk is the greatest'

Oct 21, 2015, 21:26 IST

Advertisement
Reuters/Paolo Bona

Ferrari chairman Sergio Marchionne is a self-proclaimed fan of Tesla CEO Elon Musk.

"I'm a phenomenal fan of Elon Musk. I think he's the greatest," Marchionne said in a CNBC interview on Wednesday.

"He's a disrupter and I think he is a great marketer. And I love him."

Ferrari opened for trading Wednesday at $60 per share, or 15% above its IPO price of $52.

Ferrari needs to sell an additional 7,000 cars a year in order to keep growing.

Advertisement

Marchionne suggested that wealthy individuals who should be buying Ferraris are buying the wrong cars right now.

That turned into a dig at Tesla.

"I'm not going to make derogatory remarks about the competition, but if you have to wait over 12 months to get a car, people have a tendency in some cases to go someplace else," he said.

Tesla is known to struggle to deliver on time.

But as for Musk himself, Marchionne only had good things to say on Wednesday, repeating, "I think he's a great marketer."

Advertisement

Here's the clip:

NOW WATCH: Watch a Lego man build a Lego Ferrari in this mesmerizing time-lapse

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article