- 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,” Marchionne said in a CNBC interview on Wednesday. “I think he’s the greatest.
“He’s a disrupter, and I think he is a great marketer. And I love him.”
Ferrari opened for trading on Wednesday at $60 a share, or 15% above its initial-public-offering price of $52.
Ferrari’s sales are growing, but slowly. There are not that many new Ferrari customers each year.
Marchionne suggested that wealthy individuals who should be buying Ferraris had been buying the wrong cars.
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 had only good things to say on Wednesday, repeating, “I think he’s a great marketer.”
Here’s the clip: