Ferrari experienced a significant decline in its stock price, dropping nearly eight percent on Tuesday morning, following the announcement of its inaugural fully electric passenger vehicle, the Luce. Priced at approximately US$640,000, equivalent to around $884,000 in Canadian dollars, the Luce marks a notable shift for the Italian automaker, which has historically focused on high-performance, gas-powered vehicles. The introduction of an electric model represents a pivotal moment for Ferrari as it navigates the evolving automotive landscape.
Related Articles
Don't miss out on breaking stories and in-depth articles.