Ferrari CEO defends $640,000 price tag for its first fully electric car
Răzvan Țupa
Ferrari CEO Benedetto Vigna on Thursday sought to defend the 550,000-euro (roughly $640,000) price tag for the luxury carmaker's first fully electric vehicle . The Luce was unveiled on Monday and sparked a negative market reaction, with Ferrari's Milan-listed stock falling 8% on Tuesday. Speaking at a round table in Modena, Italy, on Thursday, Vigna reportedly said the cost of the manufacturer's new Luce model was a fair price to pay for innovation. He said that media coverage may lead some to
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