Sorry, haters. Ferrari’s first EV is doing just fine

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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 were wrong about the five-seater that was largely designed by Jony Ive and his firm, LoveFrom.

Ferrari hit this year’s sales target for the Luce in just two months, according to a report by the Financial Times. The automaker was hoping to sell just under 500 of the €555,000 EVs ($630,000), and based on previous reports, it sounds like at least 20%...

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