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Ferrari shares fall after launch of first EV as Jony Ive design proves divisive

The Guardian UK Tuesday 26 May 2026, 11:36 UTC By Jasper Jolly 1 min read

Key Points

Ferrari's share price has fallen following the unveiling of its first electric vehicle, the Luce. The car features a minimalist design by Jony Ive and starts at £545,000, boasting a 329-mile range and rapid acceleration. Some analysts have expressed doubt as to whether this departure from traditional petrol sportscar aesthetics will align with the brand's heritage.

Some analysts question whether design of Luce, starting at $640,000, lives up to sportscar brand’s heritage

Ferrari’s share price has dropped after it revealed a long-awaited first electric vehicle, with a minimalist look created by former Apple design chief Jony Ive that departs from the Italian manufacturer’s petrol sportscars.

The Luce, starting at $640,000 (£545,000), has a range of 329 miles (530km) thanks to its battery capacity of 122 kilowatt hours, the company said, with four motors that can accelerate from 0 to 100km/h in 2.5 seconds, with a top speed of more than 310km/h (193mph).

Originally published by The Guardian UK Read original →

Ferrari shares fall after launch of first EV as Jony Ive design proves divisive

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