Ferrari (RACE) Luce EV Launch Causes 6% Share Drop in Milan

Ferrari (RACE) recently launched its Luce electric vehicle, which resulted in a 6% decrease in its share price during trading in Milan. This decline raises questions about investor confidence in Ferrari's entry into the electric vehicle market. The launch could signal challenges for traditional luxury brands in adapting to the EV segment. The movement in share price suggests market reaction to the competitiveness of Ferrari's new product amidst broader industry shifts.