Ferrari unveiled its first electric vehicle, Luce, designed by notable designers including Apple's former Chief Design Officer. Despite high expectations, the launch met mixed reactions, causing Ferrari's stock to drop over 6% in Italy and 3% pre-market in New York. This decline reflects broader skepticism about the electric vehicle industry, which faces challenges like rising competition from Chinese firms, reduced consumer demand due to cost-of-living pressures, and the removal of EV incentives. The sector's struggles are underscored by significant sales drops and stock declines in other EV companies like Tesla and Lucid, signaling a tough market environment for new EV launches.
Ferrari has unveiled the Luce, its first fully electric luxury car, featuring a monolithic aluminum body and an in-house four-motor powertrain that accelerates from 0 to 100 km/h in 2.5 seconds. The Luce introduces a new segment for Ferrari, emphasiz...
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 c...
Ferrari unveiled its first fully electric vehicle, the Luce, in Rome, marking a significant shift from its traditional sports car design. Despite the launch, Ferrari shares fell sharply by over 7% on the Milan stock exchange, reflecting investor conc...
Ferrari has launched the Luce, its first fully electric vehicle, priced above $586,000 and capable of reaching 193 mph. This four-door EV marks a major shift for the brand, which aims to maintain its iconic status without the traditional combustion e...
Ferrari N.V. has repurchased 20,321 of its own shares on Euronext Milan as part of the second tranche of its €250 million share buyback program, which is a segment of a broader €3.5 billion multi-year plan running through 2030. Since the start of thi...
