Ferrari Shares Plunge After Analyst Slams New EV As "Mix Between Honda And Tesla"

Ferrari shares fell in Milan on Tuesday after the Italian supercar maker unveiled its first EV sports car, disappointing Wall Street analysts who criticized the design, with one calling it a "mix between a Honda Accord EV and Tesla."The four-door, five-seat Ferrari Luce, priced at a staggering 550,000 euros, marks the supercar maker's first fully electric vehicle and serves as its biggest test yet: can Ferrari's nearly eight-decade brand equity survive the transition away from combustion?Ferrari has just officially unveiled its first ever all-electric car, called the Ferrari Luce.

• Starting price: $640,000

• Interior co-designed with Apple's former head of design, Jony Ive

• Range: 280 miles (expected EPA)

• Peak charging speed: 350kW