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Ferrari (RACE) stock is sinking in Tuesday's intraday session following weaker-than-expected third quarter sales figures. The luxury automaker points to slowing demand in the Chinese market as a factor weighing on results. Additionally, the company reports a 29% year-over-year decline in shipments to mainland China, Hong Kong, and Taiwan during the third quarter. Yahoo Finance autos reporter Pras Subramanian joins the Market Domination in assessing Ferrari's earnings print. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. rThis post was written by Angel Smith and updated by Luke Carberry Mogan.
