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Ferrari unveils its first fully electric car, the Luce, sparking mixed reactions and a 6% stock drop.

Market News
26 May 2026
Seeking Alpha
View Source
Bearish
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Ferrari has launched its first fully electric vehicle, the Luce, featuring 1,036 horsepower, 2.5-second 0-60 mph acceleration, and a 329-mile range. Priced around $600,000, it is Ferrari's first five-seat car and marks a bold shift from traditional combustion engines to electric sports cars. The design has polarized fans, with some comparing it to a generic EV or spaceship, but Ferrari aims to attract a new audience rather than traditional purists. The launch caused Ferrari's shares to drop 6% in premarket trading, reflecting investor caution amid the company's transition to electric vehicles.

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