The Telegraph119d agoneutral
Ferrari boss defends new electric car after backlashThe boss of Ferrari has defended its new €550,000 (£475,000) electric vehicle (EV) after its launch was met with widespread derision this week.
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The Telegraph119d agoneutral
Ferrari boss defends new electric car after backlashThe boss of Ferrari has defended its new €550,000 (£475,000) electric vehicle (EV) after its launch was met with widespread derision this week.
Reuters Videos119d agoneutralVIDEO
Ferrari CEO defends new Luce EV, saying customer interest is strong<body><p>STORY: Ferrari is receiving "strong interest" for its new electric model from new and existing customers.</p><p>That's what CEO Benedetto Vigna said on Thursday.</p><p>He defended the automaker's new model, called the Luce, after it was criticized following its unveiling.</p><p>Ferrari showed off the car in Rome on Monday.</p><p>And Pope Leo himself even got behind the wheel of Ferrari's first all-electric car on Tuesday.</p><p>But some commentators on social media weren't happy with the Luce's unconventional design for a Ferrari.</p><p>They also didn't like the automaker's decision to shift from its legacy petrol-powered engines.</p><p>Some on social media said the car - valued at just over $638,600 - looked nothing like a Ferrari.</p><p>Vigna said Thursday Ferrari has already received bank transfers and that clients who were at the unveiling wanted it.</p><p>He added Ferrari would give exact figures about orders in July when it releases second quarter results.</p><p>The auto giant's shares plunged by more than 8% on Tuesday, but rose slightly on Thursday.</p></body>
Trefis119d agobearish
Ferrari’s Big Selloff Has Investors Asking: What’s The Floor?Ferrari NV (NYSE: RACE) was once one of the market’s most unstoppable luxury growth stories.
Proactive119d agoneutral
Ferrari's first electric car divides opinion and wipes billions off its market valueFerrari (NYSE:RACE) has spent decades cultivating an image built on scarcity, sound and speed. The Luce, its first fully electric vehicle, has tested all three pillars at once, and the market's verdict was swift: the shares fell as much as 8% in the days following the Rome unveiling, wiping...
Investing.com119d agobearish
Why Barclays sees Ferrari’s Luce selloff as overdoneInvesting.com -- Ferrari shares dropped sharply on Wednesday after the Italian automaker unveiled the controversial exterior design of its first all-electric model, the Luce, but Barclays analyst Henning Cosman is urging investors not to overreact, calling the selloff excessive and framing the design gamble as a deliberate and strategically sound move.
Entrepreneur119d agoneutral
Ferrari Just Launched a $640,000 EV and It’s Already Backfired: ‘The Destruction of a Legend’The Italian sports car maker is betting big on its new EV. But enthusiasts, analysts and an ex-chairman think the Luce is a lemon.
MT Newswires119d agoneutral
Market Chatter: Ferrari Already Receiving Orders for New Electric SportscarFerrari (RACE) Chief Executive Benedetto Vigna said the company is already receiving orders from new
The Wall Street Journal120d agoneutral
Auto & Transport Roundup: Market TalkFind insight on Volvo Car, Ferrari, Stellantis and more in the latest Market Talks covering Auto and Transport.
Reuters120d agoneutral
Ferrari aims to prove doubters wrong after divisive EV debutBy Alvise Armellini and Giulio Piovaccari ROME, May 27 (Reuters) - If Ferrari wanted to grab the world's attention with the Luce, its first all-electric car, mission accomplished - even if much of the
Benzinga120d agoneutral
Ferrari's First-Ever EV Is Here, But RACE Stock Declines Pre-Market As Investors Question The Electric PivotItalian automaker Ferrari N.V. shares trended downward in pre-market trading on Tuesday following the reveal of the company’s first-ever EV, the Ferrari Luce. Ferrari Luce Ferrari shares slid 2.88% to $338.20 at the time of writing this article as the...
Yahoo Finance120d agoneutral
Gucci, Alpine F1 team deal comes as luxury races into Formula OneLuxury's push into Formula One racing deepened with another big fashion brand joining the mix: Gucci.
Simply Wall St.120d agoneutral
Ferrari Luce EV Debut Tests Growth Potential And Premium ValuationFerrari (BIT:RACE) has revealed the Luce, its first fully electric vehicle and first production car with five seats and four doors. The Luce introduces Ferrari to the battery electric segment, expanding beyond its traditional two door sports car focus. The project included input from designer Jony Ive, highlighting the model’s importance for Ferrari’s long term brand direction. Ferrari is known for high performance sports cars and limited volume GT models, so a fully electric, five seat,...
BeInCrypto120d agoneutral
Ferrari Ex-Chairman Warns New Luce EV Risks ‘Destruction of a Legend’Ex-chairman Montezemolo warns Ferrari's Luce risks 'destruction of a legend' as RACE shares fall 6% after Rome reveal.
The Daily Upside121d agoneutral
‘Prancing’ Horsefeathers: Ferrari Investors, Fans Diss $640K EVThe automaker outsourced Luce’s design to LoveFrom, the San Francisco-based agency led by former Apple chief design officer Jony Ive.
Reuters Videos121d agobearishVIDEO
Ferrari shares plunge after debut EV shocks fans<body><p>STORY: Ferrari shares plunged on Tuesday after the brand’s first electric vehicle got a cool response from fans, and investors.</p><p>The Luce is a radical departure for the luxury car maker.</p><p>Besides being electric, the five-seat sedan bears little or no resemblance to Ferraris of the past.</p><p>It drew a downbeat reception from many on social media, with Italy’s deputy prime minister even weighing in.</p><p>Matteo Salvini said “it looks nothing like a Ferrari. Is this supposed to be innovation?”</p><p>Former Ferrari executive Luca di Montezemolo called it a “betrayal” of the firm’s history.</p><p>Shares in the firm eventually closed down by over 8% amid the controversy.</p><p>Though some tried to sound positive.</p><p>One portfolio manager told Reuters that the car could appeal to a niche selection of buyers.</p><p>They would certainly have to be rich though, with the Luce priced at around $640,000.</p><p>Deliveries are expected to begin in the fourth quarter, and Ferrari hopes the model will help it win new customers beyond its traditional fan base.</p><p>That includes in China, where EVs are capturing a growing share of premium car sales.</p></body>
The Wall Street Journal121d agoneutral
Launch of Ferrari’s $640,000 EV Erupts Into a Storm About Its LooksAn avalanche of online memes make fun of the Luce’s design, and the company sheds $5 billion in market value.
TheStreet121d agoneutral
Ferrari reverses after controversial EV announcementU.S. car manufacturers have learned a valuable lesson about electric vehicles over the past couple of years: American consumers don't like expensive EVs. That's why Ford is still pushing hard for EVs despite the $19.5 billion in losses it was recently forced to write down in its electric vehicle ...
GuruFocus.com121d agoneutral
Ferrari Shares Slide Nearly 8% After Luce EV BacklashFerrari (NYSE:RACE) shares dropped nearly 8% after the unveiling of the company's first fully electric vehicle, the 550,000 Luce, drew a wave of criticism from analysts and social media influencers. The four-door, five-seat EV marks a major shift for Ferrari, with the company moving away from the design language associated with Flavio Manzoni and bringing in former Apple design chief Jony Ive to help shape the vehicle. The market reaction was immediate, with Ferrari shares falling as much as 7.8% in early Milan trading before sitting 6.4% lower at 1:37 p.m., marking the steepest decline since October and putting fresh investor attention on the risks behind Ferrari's EV transition.
Moneywise121d agoneutral
Luxury EVs from Porsche, Lamborghini and McLaren are floundering — Ferrari thinks its $640,000 'Luce' will be differentInvestors are unimpressed with the luxury automaker’s gamble.
GuruFocus.com121d agoneutral
Ferrari's First EV Stuns Fans and Sends Shares TumblingFerrari Takes the Biggest Leap Yet With Its First Electric Car
Proactive121d agobearish
Ferrari shares drop as Jony Ive-designed EV faces backlashFerrari (NYSE:RACE) shares fell 4.6% on Tuesday after the Italian automaker unveiled its first fully electric vehicle, the Luce, drawing criticism over its design and questions about the model's departure from the brand's identity. The four-door Luce, whose name is Italian for "light," was...
The Telegraph121d agoneutral
Ferrari’s £475k EV mocked as £32k Nissan lookalikeFerrari has run into a wall of derision over the launch of its first electric car, which critics branded a lookalike of Nissan’s Leaf that sells for almost 15 times less.
Yahoo Finance Video121d agoneutralVIDEO
Why investors aren't loving Ferrari's new Luce EVFerrari (RACE) showcased its new Luce EV in Rome this week, the luxury car designer's first fully electric vehicle, with a price tag of $640,000. The stock has edged lower in Tuesday trading in response to this grand unveiling. Yahoo Finance Senior Autos Reporter Pras Subramanian gauges the investor reaction to Ferrari's new vehicle.
Yahoo Finance Video121d agoneutralVIDEO
Why people aren't loving Luce, Ferrari's new EVFerrari (RACE) launched its $640,000 electric vehicle (EV) Luce. Yahoo Finance Senior Autos Reporter Pras Subramanian chats with Yahoo Finance's Julie Hyman and Myles Udland about the vehicle and the public reaction.
Barrons.com121d agoneutral
Ferrari’s New EV Looks Like a Nissan Leaf—and Costs $640,000Ferrari is going electric while others are shying away from the space, and investors don’t look happy about it—especially when the design of the car in question doesn’t reach the standards buyers expect from the luxury automaker. It’s named the Luce, after the Italian word for light. Ferrari’s U.S.-listed shares dropped 4.4% to $332.95 in early trading on Tuesday, while the and were up 0.7% and 0.3%, respectively.
Investopedia121d agoneutral
Ferrari Just Unveiled Its First Electric Sports Car, With a $640,000 Price Tag. Investors Aren't ImpressedFerrari shares fell Tuesday after the luxury carmaker announced its first fully electric sports car.
BeInCrypto121d agobearish
Solana “Fixes” Ferrari’s New Luce as RACE Stock Falls 6%Solana recolored Ferrari's new Luce EV in its brand colors and posted 'Fixed it.' as RACE stock fell 6% after the Rome unveil.