Ferrari's Luce Debut Triggers Backlash and Stock Drop
Ferrari unveiled the Luce, its first fully electric five-seater co-designed by LoveFrom, prompting criticism and a roughly 6%–8.4% drop in the company's stock, reports said.
BBC NewsLuce: Ferrari shares slump after it unveils first fully electric car
Associated PressFerrari's first electric vehicle met with market skepticism
CNBC‘The market has spoken’: Ferrari shares fall after carmaker unveils first fully electric vehicle
Epoch TimesFerrari Shares Fall Following Electric Vehicle Debut
Overview
Ferrari unveiled the Luce, its first fully electric five-seater, and showed it to the Pope at Castel Gandolfo, company officials said.
The Luce is Ferrari's first fully electric vehicle and was co-designed by LoveFrom's Jony Ive and Marc Newson, marking a shift from the firm's prior emphasis on hybrids, the company said.
The reveal provoked fierce online criticism, disapproval from former chairman Luca di Montezemolo and Deputy Prime Minister Matteo Salvini, and mixed defenses from Ferrari executives, reports said.
The Luce offers about 1,000 to 1,035 horsepower, roughly 0–60 mph in 2.5 seconds, a range near 329–330 miles (about 530 km), and a price roughly 500,000–550,000 euros; stock fell roughly 6%–8.4%, reports said.
Preorders will begin in Italy by the end of May, customer deliveries are scheduled from the fourth quarter, and the Luce is slated to arrive in the U.S. next spring, the company said.
Analysis
Center-leaning sources report this story neutrally: they stick to factual details (price, 'first ever EV', brand history) and note industry context (Lamborghini's cancellation) without loaded judgments. Coverage balances novelty and market uncertainty by reporting company actions and competitor decisions rather than inserting evaluative language or omitting key perspectives.