Ferrari's Stock Drops 7% Following Electric Vehicle Launch
Ferrari shares fall 7% after luxury carmaker launches first fully electric vehicle

Image: Cnbc
Ferrari's shares fell over 7% after the launch of its first fully electric vehicle, the Luce, in Rome. This model represents a significant shift in the brand's design philosophy, contrasting with competitors like Porsche and Lamborghini, which are reducing their EV plans due to low demand.
- 01Ferrari launched its first fully electric vehicle, the Luce, in Rome.
- 02The name 'Luce' means 'light', symbolizing clarity and direction.
- 03Ferrari's shares dropped over 7% following the launch.
- 04The company's stock has declined nearly 27% in the past year.
- 05Competitors like Porsche and Lamborghini are scaling back their EV plans.
Advertisement
In-Article Ad
Ferrari, the luxury carmaker based in Maranello, Italy, saw its shares decline by over 7% on Tuesday following the launch of its first fully electric vehicle, the Luce, in Rome. The name 'Luce', meaning 'light', was chosen to symbolize clarity and direction, marking a notable shift in Ferrari's traditional design aesthetics. This launch comes at a time when other luxury brands, such as Porsche and Lamborghini, are reconsidering their electric vehicle strategies due to diminishing demand. Ferrari's stock has faced a significant downturn, falling nearly 27% over the last year, reflecting broader challenges in the luxury automotive market as it adapts to changing consumer preferences.
Advertisement
In-Article Ad
Ferrari's stock performance may affect investor confidence and market perception of luxury electric vehicles.
Advertisement
In-Article Ad
Reader Poll
What do you think about Ferrari's move into electric vehicles?
Connecting to poll...
More about Ferrari
Read the original article
Visit the source for the complete story.






