Critics, investors pan Ferrari's first fully electric vehicle

Описание: Ferrari unveiled its newest model — and its first fully electric vehicle — this week. The company’s share price promptly tanked.

The new car is a sleek, four-door sedan called the Ferrari Luce — Italian for “light.” It was designed by the firm LoveFrom, which is led by Apple’s former top designer, Jony Ive.  It has a price tag of $640,000. And as Ferrari's first fully electric vehicle, it won’t have that signature engine growl.

On X, Italy’s deputy prime minister and transport minister Matteo Salvini called it “extremely expensive” and said it looks nothing like a Ferrari. “And this is supposed to be ‘innovation’,” he wrote, adding that he wondered what the company’s late founder Enzo Ferrari would think. Ferrari’s Milan-listed shares skidded 8.4% in the hours after the car was revealed. Its New York-listed shares tumbled 5.3%.

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