Ferrari shares fell as much as 7% in Milan after the unveiling of the Luce, the company’s first fully electric vehicle. The stock drop reduced market value by about £3 billion. The Luce is a four-door, five-seat liftback priced from €550,000, making it the most expensive production electric car. Performance specifications include four electric motors producing 1,036 horsepower, a 0-60 mph time under 2.5 seconds, top speed above 310 kph, and about 530 km range from a 122 kWh battery. It uses an 800-volt system for 350 kW fast charging, reaching 10-80% in about 18 minutes. Online criticism focused on the design, with comparisons to mainstream or household objects, and the car’s heavier weight and departure from Ferrari’s traditional silhouette.
"Ferrari shares fell as much as 7 per cent in Milan trading on Monday, dropping to €290.55 and wiping roughly £3 billion from the company's market cap. The sell-off came one day after the Italian carmaker unveiled the Luce, its first fully electric vehicle, at the Città dello Sport in Rome."
"The Luce is a four-door, five-seat liftback priced from €550,000, roughly $640,000. It is the most expensive production electric car in the world, sitting at roughly three to four times the price of a Porsche Taycan Turbo S, Lucid Air Sapphire, or Mercedes-AMG EQS."
"The hardware is not in question. Four electric motors, one per wheel, produce a combined 1,036 horsepower. Ferrari claims a 0-60 mph time under 2.5 seconds, a top speed above 310 kph, and a range of roughly 530 kilometres from a 122 kWh battery pack. An 800-volt architecture supports 350 kW fast charging, taking the battery from 10 to 80 per cent in around 18 minutes."
"The problem is the design. Within hours of the reveal, social media erupted with comparisons to a Honda Accord, a luxury toaster, and an Apple Store minivan. The Luce is Ferrari's first five-seater and its first four-door hatchback, a radical departure from the low, aggressive silhouettes that define the brand. At over 2.2 tonnes, it is also the heaviest Ferrari ever made."
Read at TNW | Cars
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