Ferrari presents Pope with its first ever electric car, stock plunges 8%
Ferrari has unveiled its first all-electric vehicle, the Luce, presenting it to Pope Leo XIV. Despite its impressive specifications, including 1,000 horsepower and a 530-kilometer range, the car has been met with market skepticism and negative reactions from auto critics and the public. The stock price for Ferrari saw a significant drop following the announcement, and the company has also adjusted its long-term electrification goals. AI
IMPACT Minimal impact on AI operators; this is a product launch for a luxury electric vehicle.