Sometimes the crowd isn’t so wise. When Ferrari revealed the Luce — its first EV — to the public in May, the internet reacted. And not in a positive way. Critics compared the wedge-shaped Luce with a Nissan Leaf and said Chinese EVs would outperform it while undercutting it on price. Even former Ferrari chair Luca Cordero di Montezemolo was among the haters. Ferrari’s stock dropped 8% the day after the reveal. Their conclusion: the Luce would be a dud. It turns out, the armchair auto executives…
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