Ferrari shares tumble after automaker unveils first electric car
Ferrari shares fell sharply Tuesday after the Italian sports car manufacturer unveiled the Luce, its first fully electric vehicle, at a ceremony in Rome, triggering a wave of investor anxiety over the brand's pivot away from the combustion engines that made it famous.
TL;DR
- Ferrari shares fell sharply on Tuesday.
- The company unveiled its first fully electric vehicle, named Luce.
- The unveiling ceremony was held in Rome.
- Investors showed anxiety about the brand's shift from combustion engines.
- The Luce marks a pivot away from the engines that established Ferrari's fame.