P1racenews AI automatic summary:
Former Ferrari president Luca di Montezemolo has offered an unflattering assessment of the company’s first-ever electric road vehicle.
Former Ferrari president Luca di Montezemolo has criticized the company’s first-ever electric road vehicle, the Luce, designed in collaboration with Sir Jony Ive and Marc Newson.
Despite its speed and high-profile attention, the Luce has received a negative reception from both the public and the stock market.
Ferrari shares dropped by eight percent in Milan and by five percent in New York following the Luce’s release.
Di Montezemolo, who led Ferrari for several years, openly expressed his disappointment with the electric car, fearing it could tarnish Ferrari’s legendary reputation.
He suggested removing the iconic prancing horse emblem from the Luce, and doubted that the car would be copied by the Chinese market.
