Ferrari shares plunged 5% Tuesday as car fanatics called the brand’s new $640,000 electric vehicle a “monstrosity” – comparing the design to much-cheaper rides and bashing the brand for using tech to replicate the iconic engine growl.

Ferrari's new electric car has finally been unveiled - but the reaction has been far from positive so far.

The surprise of the new is supposed to be earth-shaking, but if you aren't going really wild, than familiar and functional is better than lightly jaw-dropping, especially when it comes to car interiors.

MODENA, Italy, May 28 (Reuters) - Ferrari is receiving "strong interest" for its new electric model, the Luce, from new and existing customers, CEO Benedetto Vigna said on Thursday as he defended the automaker's new model amid a stream of criticism.

The aftermarket is already reimagining Ferrari's five-seat EV, but its first carbon makeover doesn't do the Luce any favors

The Jony Ive–designed Ferrari Luce has four motors making 1,035 horsepower, a 300-ish-mile range and a fantastic cabin, plus a very controversial exterior.

This unofficial, hypothetical design project comes from Alessandro Masera, aka 'amasera' on social media, and focuses on the meme potential of Ferrari's Luce

Ferrari has unveiled the Luce, a 1,000 horsepower, quad-motor, four-door EV with better aerodynamics than any vehicle the legendary Italian company has ever produced. It will go from 0-60 in just 2.5 seconds,