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Ferrari's Stock Plummets After Unveiling Its First Electric Car, "Luce"

Ferrari's Stock Plummets After Unveiling Its First Electric Car, "Luce"

Ferrari's stock price declined as much as 8% in Milan after the debut of its first all-electric vehicle, the 'Luce,' priced at 550,000 euros. The market reacted negatively to the luxury car maker's departure from its traditional combustion engine models.

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