Ferrari shares fall after $640,000 Luce EV launch (opens in new tab)

Ferrari unveiled the Luce, its first fully electric vehicle, a four-door, five-seat model priced at €550,000, or about $640,000, with deliveries due to begin in the fourth quarter of 2026. The car was developed with former Apple design chief Jony Ive and LoveFrom, and Ferrari says it produces more than 1,000 horsepower, reaches 100 kph in 2.5 seconds and offers more than 500 kilometers of range. Ferrari shares fell about 6% in Milan after the launch. Several reports cited investor and online ...