Why Ferrari’s rocky EV launch may not be the disaster investors fear

Entertainment

Ferrari 's stock plummeted after it unveiled its first fully electric vehicle , which was criticized by the luxury carmaker's former boss and even Italy's transport minister. The company's shares fell more than 8% on Tuesday after the unveiling of the Luce, Ferrari's first five-seater that priced at 550,000 euros, roughly $640,000. The Milan-listed stock, which briefly rose over 2% on Wednesday morning, closed the session marginally lower. Auto analysts, however, downplayed the negative market

Tag-uri: Italia