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The Nexus
BUSINESSMay 26 · 11:50 UTCSEMAFORNatasha Bracken

Ferrari unveils new EV model

Ferrari unveiled its first electric vehicle, the $600,000 Luce, marking a shift from its gasoline-powered heritage. The move contrasts with Lamborghini's recent decision to abandon EV plans due to low demand, but Ferrari's stock dropped 6% following the reveal amid uncertainty about market reception.

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