Ferrari's First Electric Car: Who Is It For? Ferrari has launched its first all-electric car, the Luce, designed by Apple veteran Jony Ive and priced at $650,000. The reaction has been mixed, with some critics comparing it to more affordable electric vehicles like the Nissan Leaf.
According to Ferrari, there is demand for the EV, with CEO Benedetto Vigna claiming that orders are coming in from both existing and new customers. However, given that over 80% of Ferrari's recent buyers already own one of its vehicles, it's unclear who the Luce is specifically for.
Texas Law Regulates Autonomous Vehicles A new Texas law has been enacted to regulate autonomous vehicle testing and deployment in the state. Companies must now license AVs in the state, and data on licensed vehicles is publicly available. According to the data, Waymo leads with 577 registered AVs, followed by Avride with 317.
Electric Vehicle News: Deals and Funding A new single asset fund has taken a majority stake in European e-scooter operator Ryde Technology, with Goldman Sachs Alternatives as lead investor. Harley-Davidson's electric motorbike spinoff LiveWire acquired electric off-road startup Dust Moto. Matternet raised $33 million in a private placement offering and completed a reverse merger.
Other News American Airlines will install Starlink on over 500 aircraft next year. Rivian is being investigated by the National Highway Traffic Safety Administration over its rear suspension components. Slate Auto expects to announce pricing for its low-cost electric vehicle on June 24. Volvo Cars received authorization to continue importing and selling vehicles in the US. Waymo has introduced a new robotaxi, an all-electric minivan-like vehicle designed to lower costs and handle heavy use.
