--- title: Ferrari stock drops 7% after Luce EV reveal | daily.dev description: Ferrari shares dropped 7% in Milan trading after unveiling the Luce, its first fully electric vehicle priced at €550,000. The four-door, five-seat liftback... canonical: https://daily.dev/posts/ferrari-stock-drops-7-after-luce-ev-reveal-8xqmegrnh twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Ferrari stock drops 7% after Luce EV reveal | daily.dev og:description: Ferrari shares dropped 7% in Milan trading after unveiling the Luce, its first fully electric vehicle priced at €550,000. The four-door, five-seat liftback... og:url: https://daily.dev/posts/ferrari-stock-drops-7-after-luce-ev-reveal-8xqmegrnh og:image: https://api.daily.dev/og/posts/8xqMeGRnH.png og:image:alt: Ferrari stock drops 7% after Luce EV reveal og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Ferrari stock drops 7% after Luce EV reveal **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary Ferrari shares dropped 7% in Milan trading after unveiling the Luce, its first fully electric vehicle priced at €550,000. The four-door, five-seat liftback drew widespread online mockery comparing it to a Honda Accord and an Apple Store minivan, wiping roughly £3 billion from Ferrari's market cap. Despite impressive specs — 1,036 hp, 0–60 under 2.5 seconds, 530 km range, and 60 new patents — investors and the public questioned whether the design departs too radically from Ferrari's brand identity. The car was co-designed with Jony Ive's LoveFrom studio and features a minimalist, screen-free interior. The reveal comes as other luxury EV makers like Lamborghini retreat from the segment, raising broader questions about Ferrari's electric strategy. ## Full article daily.dev links to this article rather than hosting it. 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