finance
Ferrari Unveils First Electric Vehicle; Shares Fall
Ferrari introduced the Luce, its first fully electric vehicle. Shares in the Italian luxury automaker fell following the announcement.
May 26, 5:52 AM·1m read2 sources
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Ferrari unveiled the Luce, its first fully electric vehicle, on Tuesday. The Italian luxury carmaker presented the model as it joins other premium brands offering battery-powered options.
Ferrari shares fell after the announcement.
The decline followed what one report described as a sharp setback for a closely watched EV debut.
Lamborghini already sell electric models. Ferrari had previously signaled plans to enter the segment. The company did not release pricing or production details for the Luce in the initial statements.
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