Ferrari's Stock Takes a Hit Amid Luce EV Backlash: What's Behind the Plunge? Ferrari's shares have dropped significantly, plummeting 6% in a single day, following a backlash against its Luce electric vehicle concept. The luxury sports car maker had unveiled the Luce at the 2023 Frankfurt Motor Show, but the response from the public and critics has been overwhelmingly negative. The Luce's design and features have been widely panned, sparking concerns about the brand's ability to adapt to the rapidly evolving electric vehicle market. Despite the setback, analysts are urging investors not to panic, citing Ferrari's strong brand loyalty and commitment to innovation.
Ferrari (RACE) stock plunges 6% on Luce EV backlash — don’t panic! Electrek
