Ferrari Unveils First Fully Electric Car
The new electric model drew criticism over its design and price, while shares fell as much as 8% before recovering, Reuters said.
- On Monday, Ferrari unveiled the Luce, its first fully electric vehicle, prompting investors to sell shares down 8.4% in Milan on Tuesday amid concerns over brand identity.
- Former Ferrari Chairman Luca Cordero di Montezemolo called the four-door car a "betrayal of Ferrari's history," while Italian Transport Minister Matteo Salvini said it was "anything but a Prancing Horse car."
- Designed with former Apple design chief Jony Ive, the Luce features four independent electric engines generating 1,036 horsepower and costs €550,000, targeting technology entrepreneurs in Silicon Valley and China.
- Shares steadied on Wednesday, gaining 0.28% after the initial sell-off. HSBC Global Investment Research maintained a "hold" rating while Bernstein rated the stock "Outperform," citing confidence in Ferrari's buyer feedback loops.
- Ferrari targets fourth-quarter deliveries for the Luce to capture growing premium electric vehicle demand in China. The move comes as other luxury automakers have slowed or reworked their electric vehicle plans.
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71 Articles
Fifteen years ago, Ferrari's then chief Luca di Montezemolo said that Maranello's brand will never launch an electric car. In 2026 the world is completely different, and Ferrari has released "Light that is not only an electric car of 550.000 euros, but it is also the first vehicle ...
Ferrari Launches Most Polarizing Vehicle in History -- It's Time to Buy the Stock
Key PointsFerrari's Luce -- the ultra-luxury car maker's first full-electric vehicle -- just made its debut.Even as Lamborghini pulls back on its full-electric vehicle, Ferrari is opting to lead the way.Investors have yet to warm up to the Luce, and notable risks remain if demand fails to materialize.10 stocks we like better than Ferrari › Ferrari (NYSE: RACE) found itself in an interesting spot when it came to full-electric vehicles (EVs). One …
der Standard AT
der Standard DEThe Luce is the beginning of a new chapter and deliberately not a classic Ferrari, says the Ferrari boss. Apparently there are already many orders
Ferrari's CEO Benedetto Vigna defended Thursday the price of around 550.000 euros of the new electric model Luce, stating that the car represents an investment in innovation and that it has already attracted strong interest from customers, including some very rich new buyers, transmits CNBC.
Ferrari’s $640K electric supercar ‘doesn’t even look like a Ferrari’
Ferrari is preparing to launch its first fully electric vehicle — a luxury EV reportedly priced around $640,000 — but BlazeTV host Stu Burguiere believes the legendary automaker may be making a costly mistake.The car was designed in part by former Apple designer Jony Ive and named after the Italian word for “light,” but it lacks the signature style and soul that made Ferrari famous.“There’s certain things that happen when you’re watching one of …
Usually the popular adage is certain: the dogs bark and the caravan passes. This is the feeling that invades the leaders of the brand after seeing the controversy around the first car completely...
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