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Ferrari EV Stuns World, Pope Leo XIV Approves Design
27 May
Summary
- Pope Leo XIV inspected Ferrari's new $640,000 electric Luce EV.
- Ferrari's share price dropped significantly after the EV's unveiling.
- Critics fear the radical design could harm Ferrari's legendary status.
Pope Leo XIV recently received a special preview of Ferrari's first electric vehicle, the Luce, in a town near Rome. He was shown the $640,000 EV by company executives and test drivers. Despite the pontiff's involvement, the market's reaction to the Luce has been overwhelmingly negative. The design, a collaboration with Jony Ive's agency LoveFrom, led to an immediate stock market downturn for Ferrari.
Ferrari's share price fell sharply in Milan and New York following the unveiling, wiping billions off the company's valuation. The controversial design has also drawn sharp criticism from former executives, who fear it could tarnish the brand's legendary reputation. Social media platforms have been flooded with negative reactions and AI-generated modifications of the car, reflecting widespread disappointment among enthusiasts.
