The Ferrari brand logo, the coat of arms with the lettering and a rising horse (cavallino rampante), can be seen on the rim of a vehicle from the sports car manufacturer in Munich (Bavaria) on April 6, 2025.
Picture Alliance | Picture Alliance | Getty Images
Shares of luxury carmaker Ferrari fell sharply on Tuesday morning, shortly after the company launched its first fully electric vehicle.
The Maranello, Italy-based sports car manufacturer unveiled the Luce, which translates as “light,” at a venue in Rome, describing the choice of name as one that “evokes clarity and direction.”
The highly anticipated model marks a departure from the aesthetic of typical Ferraris and comes even as other luxury car manufacturers, notably Porsche and Lamborghini, have scaled back on plans to launch their own EVs due to weak demand.
Shares of Ferrari were last seen down more than 7% on Tuesday morning. The Milan-listed stock is down nearly 27% over the last 12 months.
Stock Chart IconStock chart iconFerrari shares year-to-date.
This is breaking news. Please refresh for updates.
Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.Ferrari shares fall 7% after luxury carmaker launches first fully electric vehicle NYT News Today.
Hence then, the article about ferrari shares fall 7 after luxury carmaker launches first fully electric vehicle was published today ( ) and is available on NY Times News ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Ferrari shares fall 7% after luxury carmaker launches first fully electric vehicle )
Also on site :