New York Post
28 May 2026, 01:43 UTC · 21h ago
Source · https://nypost.com/2026/05/27/business/ferrari-mocked-for-new-model-fans-say-looks-like-an-iphone/
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Ferrari's stock has declined approximately 8% following the launch of the Luce electric supercar. — Direct equity price decline reflects immediate investor skepticism regarding the product's market fit and brand alignment.
-0.60Ferrari has reduced its long-term electric vehicle ambitions due to weak industry-wide demand. — A strategic pivot away from previously stated goals suggests lowered growth expectations for the EV segment.
-0.40The Ferrari Luce, designed with help from Jony Ive's LoveFrom, has faced significant backlash from core enthusiasts and former leadership. — Brand erosion among loyal 'Ferraristi' can impact long-term pricing power and exclusivity of the luxury brand.
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Luxury competitors including Mercedes-Benz, Porsche, and Lamborghini have scaled back or delayed their electric vehicle plans. — Indicates a systemic slowdown in the luxury EV transition, suggesting broader headwinds for the sector.
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The new EV model faced widespread mockery, investor panic, and caused an 8% drop in stock price.
Mentioned as scaling back or delaying electric plans due to weak market demand.
Mentioned as scaling back or delaying electric plans due to weak market demand.
[mutual] Ferrari and Mercedes-Benz are cited as luxury automakers competing in the EV market.
[mutual] Ferrari and Porsche are cited as luxury automakers competing in the EV market.
[mutual] Ferrari and Porsche are cited as luxury automakers competing in the EV market.
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