Ferrari (RACE) stock plunges 6% on Luce EV backlash — don’t panic!
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Ferrari's stock has fallen after the company unveiled its new electric vehicle, the Luce. The decline, reported to be around 6%, appears to be a reaction to the vehicle, which was codesigned by Jony Ive and has a price tag of $640,000. Some have expressed disappointment or concern about the Luce, with one former chairman warning that it could potentially harm the company's reputation.
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