Luxury sports car manufacturer Ferrari is facing a backlash from investors and social media users after announcing its first fully electric vehicle (EV), a move that some see as a betrayal of the brand's heritage. The Italian automaker's decision to go electric has sparked concerns among investors, who fear it may dilute the company's high-performance image and erode its loyal customer base. Meanwhile, Ferrari enthusiasts are taking to social media to express their outrage, with some calling for a boycott of the new EV. The move is seen as a major shift in strategy for Ferrari, which has long been synonymous with high-octane gasoline-powered engines and sleek, high-performance sports cars.
School IB economics: Ferrari’s first EV sparks investor and social media backlash Financial Times
