Ferrari’s High-Stakes EV Launch Triggers Market Volatility and Design Backlash
Ferrari shocked the automotive world this week with the unveiling of the ‘Luce,’ its highly anticipated $640,000 electric vehicle, only to face an immediate and severe market correction. In the hours following the reveal at the company’s Maranello headquarters, the brand saw $5 billion in market value evaporate as investors reacted to both investor skepticism…