Ferrari shares dip after unveiling $640,000 Jony Ive-designed electric vehicle
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· 2 sourcesFerrari's stock price fell after the company unveiled its first electric vehicle, the Luce, priced at $640,000, Hacker News reported. The vehicle features a minimalist design by former Apple design chief Jony Ive's firm LoveFrom, which has sparked debate about whether it aligns with Ferrari's heritage, according to the same source. The launch has faced significant backlash from enthusiasts and analysts, with a former Ferrari chairman criticizing the EV as a betrayal of the brand's legacy, bsky reported.
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Summary
Ferrari's stock price fell after unveiling its first electric vehicle, the Luce, priced at $640,000. The EV features a minimalist design by former Apple design chief Jony Ive, which has sparked debate about whether it aligns with Ferrari's heritage. The Luce offers 329 miles of range, a 122 kWh battery, four motors, 0-100 km/h in 2.5 seconds, and a top speed over 310 km/h. Analysts question whether the design lives up to the sportscar brand's legacy.
Key quotes
· 3 pulledThe Luce, starting at $640,000 (£545,000), has a range of 329 miles (530km) thanks to its battery capacity of 122 kilowatt hours
Some analysts question whether design of Luce, starting at $640,000, lives up to sportscar car brand's heritage
The launch was hotly anticipated, given the world's most valuable sportscar maker's totemic status among car enthusiasts
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