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Ferrari Unveils Luce, Its First Production Electric Car, to Strong Praise and Sharp Pushback

The four‑door, five‑seat Luce signals a deliberate move into high‑performance EVs and now faces investor and legacy‑stakeholder scrutiny over its design and strategy.

Overview

  • Ferrari publicly revealed the Luce on Tuesday with full specs and Italian pricing, advertising a 122 kWh battery, about 530 km range, four independent motors, 0–100 km/h in roughly 2.5 seconds, a top speed above 310 km/h, and an Italian starting price of €550,000.
  • The car was developed with LoveFrom, led by Jony Ive and Mark Newson, and emphasizes a minimalist, interior‑led design, five seats and extensive bespoke options including 35 paint choices and many personalization upgrades.
  • Investor confidence wavered after the launch as Milan trading saw Ferrari shares drop as much as 8%, and former chairman Luca di Montezemolo publicly warned the design could harm the brand.
  • Attendees and reporters described unusually strict launch controls, reporting sealed devices, company‑provided photographers and NDAs with a reported €600,000 leak penalty, while some tech creators received earlier or preferential access.
  • Ferrari positions Luce within a revised electrification plan that mixes combustion, hybrid and battery EVs, and competitors such as Lamborghini say they will follow different EV timetables; customer demand and market reaction will determine Luce’s effect on Ferrari’s brand and sales.