Ferrari Luce EV Draws Rare Public Criticism From Former Boss Luca di Montezemolo After Reveal - Motor1.com
Consumer
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.
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↓ SHORT-8% target+4% stop2-4 weeks
Short RACE into the post-reveal sentiment hangover — the ~8% plunge signals brand-equity shock that takes weeks to repair, and the former boss publicly piling on keeps the narrative toxic near-term.