Ferrari shares fall after launch of first EV as Jony Ive design proves divisive

3 hours ago

Ferrari unveiled its first electric vehicle, the Luce, designed by former Apple chief Jony Ive.
The Luce starts at $640,000, offers a 329-mile range, and accelerates 0-100km/h in 2.5 seconds.
Ferrari's share price dropped up to 8% post-launch, reflecting investor uncertainty.
The saloon-like design diverges from Ferrari's traditional sportscars, featuring five seats and four doors.
Ferrari's 2030 lineup plan is now 40% internal combustion, 40% hybrids, and 20% electric.
Analysts criticized the design as resembling a Honda Accord EV and Tesla Model 3.
The car includes a motor sound played through speakers to appeal to traditional enthusiasts.

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