P1racenews AI automatic summary:
The Ferrari Luce was promoted by Lewis Hamilton and Charles Leclerc but the launch has so far not gone down well with investors.
A sports journalist who has been covering motorsport since 2023 reported on Ferrari’s share price dramatically plunging on Tuesday morning following the launch of their first-ever electric car. Ferrari, known for their combustion engines, have now introduced the electric Ferrari Luce after five years of preparation, priced at $640,000. Ferrari F1 drivers Lewis Hamilton and Charles Leclerc assisted in the unveiling of the Luce, with the company’s shares dropping 25% over the past year. The shift to electric comes amidst global inflation and events like Donald Trump’s tariffs impacting Ferrari’s struggling brand image. Despite the hefty price tag, the Ferrari Luce offers impressive specifications such as a 2.5-second acceleration from 0 to 60mph, 1,035 brake horsepower, and a 330-mile range on a full battery charge, emphasizing a move towards sustainable luxury driving.
