Ferrari Luce EV Draws Rare Public Criticism From Former Boss Luca di Montezemolo After Reveal - Motor1.com
1 min readAnalysis by AlgoThesis Editorial Desk
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The story
Ferrari unveiled its first fully electric vehicle, the Luce, to a sharply negative market reaction — shares fell ~8% on reveal day amid rare public criticism from former chairman Luca di Montezemolo and comparisons to a Volkswagen. The market's verdict creates a setup where brand-equity damage and EV skepticism from the core luxury buyer base could suppress RACE near-term, but the mixed analyst consensus (7SB/11B/7H/2S) suggests the street isn't fleeing en masse.
The two-sided take
The house read
Wrong ifRACE re-rates higher if Luce order book exceeds expectations or Ferrari management tours analysts with strong demand data — also consensus is still broadly bullish and could act as a sentiment floor around the 8-10% drawdown level.
Published read · research, not advice