Ferrari (RACE) Stock Falls Over 8% After EV Luce Unveiling
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowFollowing the unveiling of its first electric vehicle, Luce, Ferrari (RACE) saw its shares fall by more than 8% on Tuesday. Priced at β¬550,000 (approximately $640,000), Luce received mixed reviews from industry figures including criticism from Italy's transport minister. Despite concerns about design and residual values, analysts at RBC Capital Markets suggest it is premature for investors to worry, citing past success with the Purosangue model. Customer deliveries for the Luce are scheduled to commence in Q4 2026, marking a key transition for Ferrari into the EV market.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
