Ferrari bet its legacy on an EV designed by Jony Ive. The backlash wiped out $5 billion in a day.

Matteo Salvini, Italy's deputy prime minister and transport minister, weighed in publicly, writing on X: "It looks nothing like a (Ferrari). Is this supposed to be 'innovation'? Who knows what (company founder) Enzo Ferrari would say." That kind of response shows how far the Luce departs from Ferrari's established identity. Read Entire Article