Luxury sports car manufacturer Ferrari has taken a major step into the world of electric vehicles with the unveiling of its first-ever EV, the Luce. However, the Italian brand's bold attempt at a sustainable future has sparked controversy and investor worry. The unconventional styling of the Luce has drawn widespread criticism on social media, with many fans expressing disappointment and frustration over the car's departure from traditional Ferrari design. As a result, Ferrari's shares plummeted 8.4 percent on May 25, casting a shadow over the company's electric ambitions and raising questions about the reception of this innovative new model.
Ferrari's first electric vehicle, the Luce, sparked investor concern and social media backlash over its unconventional styling. Shares fell 8.4 percent after the May 25 unveiling.
