Ferrari unveiled its first all-electric car yesterday, the Luce (pronounced Luche), but the aftermath says a lot about how the market absorbed the news. The Maranello-based brand lost over $4 billion in stock value overnight.

Tom Jervis thinks the new Ferrari Luce looks more like a posh consumer appliance than a supercar

Introducing a team from outside the Ferrari Design Studio… invited a new perspective and cross-fertilization, enabling a new design language to be introduced,” Ferrari said

Critics have compared the design to much-cheaper rides and bashed the brand for using tech to replicate the iconic engine growl.

FERRARI’S first fully electric supercar has already been hit with a wave of savage backlash, with critics branding the flash motor “budget trash”. Furious supercar-lovers have been slamming

Shares of luxury carmaker Ferrari fell sharply on Tuesday morning, shortly after the company launched its first fully electric vehicle.

Ferrari unveiled the Luce, its first all-electric car, in Rome. I got 30 minutes with the 1,050 hp, quad-motor, Jony Ive-designed EV. Here are my impressions.