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

Ferrari unveiled the Luce, its first fully electric production car, at a presentation in Rome, adding a four-door, five-seat model to a lineup long associated with petrol sports cars. The car was developed with former Apple design chief Jony Ive and Marc Newson's LoveFrom collective, is priced at about €550,000, or $640,000, and is scheduled for first deliveries in the fourth quarter of 2026. Ferrari's Milan-listed shares fell as much as 8% on Tuesday before trading about 6% lower, as investo...