Wall Street is getting one critical thing wrong on Ferrari (RACE)

Morgan Stanley's Adam Jonas suggested that Ferrari could be shifting to all-electric vehicles in the future.
Ferrari investors, Jonas thinks, could be underestimating the costs of this shift.
Except that although Ferrari could produce some all-electric cars, it can never renounce its commitment to internal combustion — because racing runs on gas.
For years, Ferrari scoffed at electric cars. True, the Italian automaker added hybrid-electric technology to its stratospherically expensive LaFe