In section Startups & Technology

Ferrari’s Luce defies critics with rapid sell-out

When Ferrari pulled the cover off its first electric vehicle, the Luce, in May, the reaction was swift and brutal. Critics mocked the wedge-shaped silhouette, compared the design to a Nissan Leaf, and sent company stock tumbling 8% as analysts declared the €555,000 experiment a dead on arrival failure.

Ferrari’s Luce defies critics with rapid sell-out

The skeptics, it seems, missed the mark. Ferrari reached its annual sales target for the five-seater in just two months, according to a Financial Times report. The company aimed to move roughly 500 units of the electric flagship, a goal now met by a customer base that remains remarkably price-insensitive. At least 20% of those orders are reportedly bound for the Chinese market, where the demand for high-performance, sleek four-door EVs aligns perfectly with the Luce’s design philosophy.

Much of the initial hostility focused on the styling, spearheaded by Jony Ive and his firm, LoveFrom. While online commentators fixated on the unconventional geometry, the tangible reality of the car appears to have swayed buyers. Early reviews indicate the vehicle retains the essential driving dynamics expected of the brand, proving that the iconic prancing horse badge remains a potent enough draw to silence armchair executives. With over 13,000 total vehicle sales last year, Ferrari’s ability to move 500 units of a six-figure EV confirms that its core audience is more than willing to embrace electrification when it bears the right nameplate.

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