Ferrari Luce EV launch draws backlash, shares drop (opens in new tab)

Ferrari’s first fully electric model, the Luce, drew criticism from some owners, auto commentators and investors after its May 26 unveiling. Complaints focused on its departure from the company’s combustion-engine identity and traditional styling. BBC described the car as Ferrari’s effort to compete with Chinese electric-vehicle brands, while several accounts said former Apple design chief Jony Ive or his design firm designed the model. Reports cited a starting price of $640,000, four electri...