Ferrari shares fall 6% after luxury carmaker launches first fully electric vehicle
Government
Shares of luxury carmaker Ferrari fell sharply on Tuesday morning, shortly after the company launched its first fully electric vehicle. The Maranello, Italy-based sports car manufacturer unveiled the Luce, which translates as "light," at a venue in Rome, describing the choice of name as one that "evokes clarity and direction." The highly anticipated model marks a departure from the aesthetic of typical Ferraris and comes even as other luxury car manufacturers, notably Porsche and Lamborghini,
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