Ferrari Shares Drop 7% After Launch of First Fully Electric Car Luce
Key Points Ferrari officially unveiled its first fully electric vehicle, the Luce, marking the Italian automaker’s entry into the EV era. However, the market reaction was negative — shares fell approximately 7% on the day of the announcement. Details The Luce is Ferrari’s first production car without any internal combustion engine, featuring a dual-motor all-wheel-drive system. The company claims a range of over 400 km and a 0-100 km/h time under 3 seconds, maintaining Ferrari’s performance heritage. ...