Ferrari unveiled its first fully electric vehicle, the Luce, in Rome, a significant move for the luxury carmaker as it shifts towards electric mobility. However, the launch coincided with a notable decline in its stock price, which fell more than 7% on Tuesday morning.
This decline reflects broader market apprehensions, especially as competitors like Porsche and Lamborghini have recently reduced their electric vehicle plans due to weak demand. Over the past year, Ferrari's stock has decreased nearly 27%, indicating ongoing challenges for the company in adapting to the evolving automotive landscape