00:00It's Benzinga bringing Wall Street to Main Street.
00:02Ferrari shares fell 5.30% on Tuesday as investors assessed the company's electric vehicle debut
00:09and latest financial results according to Benzinga. Ferrari unveiled the Luce,
00:14its first fully electric vehicle, designed with former Apple design chief Joni Ive and his
00:20collective Love From. The four-door model is priced at about $640,000, produces more than
00:261,000 horsepower and offers over 500 kilometers of range. Ferrari designed the Luce to reflect its
00:33traditional luxury identity through physical controls and premium materials, setting it apart
00:38from screen-focused EV rivals. The stock has fallen 31.83% over the past 12 months, with moving
00:45averages signaling a potential downtrend. For all things money, visit Benzinga.com.
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