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Ferrari (RACE) stock plunges 6% on Luce EV backlash — don’t panic!

Ferrari Luce crashes stock price -mach-e moment

Ferrari (RACE) shares dropped 6.27% in Milan trading on Tuesday, falling to €290.55 and wiping out roughly £3 billion in market cap a day after Maranello unveiled the Luce, its first all-electric car.

The reaction online was overwhelmingly negative — the design got compared to a Honda Accord, an Apple Store minivan, and a luxury toaster. Investors clearly took the temperature of the internet and ran. But we’ve seen this exact movie before — when Ford put the Mustang badge on an electric SUV.

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Memorial Day Green Deals hub – EVs, power stations, electric tools, devices, and much more

If you missed the nationwide memo, today is Memorial Day, and as we spend this time with family and friends, remembering our fallen service members, so too are our favorite brands for a wide variety of eco-friendly tech offering tons of seasonal discounts across e-bikes, electric scooters, power stations, tools, appliances, smart devices, and more – many of which are at their best prices to date. We’ve collected all the ongoing deals together into this one-stop shopping hub to make things easier to find, and we will continue to update this hub for the next couple days, too. So head on down below to browse through all these Green Deals while they’re still around.

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Ferrari Luce first look: going where combustion can’t follow

Ferrari Luce electric car hero

Ferrari unveiled the Luce today in Rome, completing a three-act reveal that started with specs last October and continued with the Jony Ive-designed interior in February. The Italian automaker flew me to Rome for the launch, and I got about 30 minutes to explore the vehicle up close, though I couldn’t drive it.

What I found was a car that challenges just about every assumption of what a Ferrari should look like, who should sit in it, and how it should sound, while being unmistakably, stubbornly Ferrari in the ways that matter most: emotions.

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Bluetti exclusive Memorial Day power station lows from $237, EcoFlow 48-hour flash sale on 716Wh to 12.2kWh power stations, more

It’s Memorial Day, and as such, we have a larger number of Green Deals that you can shop from today through the rest of the week, with some new additions down below, as well as those and all the other Green Deals from past weeks collected into our one-stop-shopping hub here. Among the new additions, we have Bluetti’s official Memorial Day Sale lineup, with plenty of exclusive yearly lows, thanks to our bonus savings codes – all starting from $237. There’s also EcoFlow’s 48-hour Memorial Day flash sale that is part of the ongoing RV Season Sale, with four power station units of 716Wh to 12.2kWh capacities starting from $349, as well as Jetson’s compact Bolt Pro e-bike at a new $350 low, the Autel MaxiCharger AC Lite Home 40A Level 2 EV Charger at its $319 low, and more.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

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These Dutch students are bringing a world champion solar car to the 2026 Electrek American Solar Challenge

Delft Solar Team Electrek American Solar Challenge

This July, the 2026 Electrek Formula Sun Grand Prix (FSGP) and American Solar Challenge (ASC) head north to Minnesota, and one of the 46 registered teams is making the trip for the very first time. The Delft Solar Team is flying in from the Netherlands, and they aren’t exactly showing up empty-handed.

I caught up with Rosa Van Wijngaarden, who runs PR for the team, to talk about who they are, what they’re driving, and what it’s like to prep for a race on a continent the team has never set wheels on.

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What is a bike bus and why are parents loving them so much?

For years, the school drop-off line has been one of the defining rituals of suburban life: a long queue of idling SUVs inching toward the curb while stressed parents try to make it to work on time and kids stare at their phones in the back seat.

But in a growing number of communities around the world, another option is starting to catch on: the bike bus.

And parents are absolutely loving it.

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Musk abandoned his own ‘solar electric economy’ to burn gas for an AI chatbot no one uses

Elon Musk spent years telling the world that solar power was the obvious answer to Earth’s energy needs — that a small patch of desert could power the entire United States. Now, he’s burning millions of tons of fossil fuels to run an AI chatbot that has lost 60% of its downloads, selling the unused compute to a company he called “misanthropic and evil” three months ago, and pitching space-based solar panels right as SpaceX files for a $2 trillion IPO.

The contradictions are stacking up faster than xAI’s unpermitted gas turbines.

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Podcast: Tesla Solar, Volvo EX60 unveiled, Xiaomi YU7 GT, and AMG GT

electrek podcast

In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss Tesla going back to solar, Volvo EX60 unveiling, Xiaomi YU7 GT, AMG GT, and more.

Today’s episode is sponsored by GM Energy. If you want to experience more resilience and control over your home energy, the GM Energy Home System adds stationary battery power for always-ready backup energy for your home, and the GM Energy PowerBank takes in energy from the grid and stores it for when you need it most. Learn more at gmenergy.gm.com

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Ride1Up’s three VORSA modular multi-use e-bikes from $1,395, Navee Memorial Day Sale restocks UT5 Ultra X electric superscooter, more

We’re closing out this week’s Green Deals led by two EV sales. Ride1Up has added all three versions of its VORSA Modular Multi-Use e-bikes to its Memorial Day Sale lineup at their lowest prices starting from $1,395, while Navee’s Memorial Day Sale has restocked the newest UT5 Ultra X Electric SuperScooter at $2,300, with tons of other models starting from $150. We also rounded up a bunch of EcoFlow’s under-1,024Wh power stations, like the 960Wh DELTA 3 1000 Air Power Station at a new $299 low, as well as the expanded 858Wh RIVER 3 Max Plus Power Station at a new $359 low, among others. There’s also Aiper’s Memorial Day Sale that has dropped the latest Scuba V3 AI Vision Cordless Robotic Pool Cleaner to its $900 low, and many more holiday savings are waiting for you below. And don’t forget about the hangover deals at the bottom of the page, like yesterday’s launch deals on the Heybike Saturn Moped-Style e-bike starting from $999, the pre-sale deal you can score on Anker’s upcoming S2000 Portable Power Station for $599, and more.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

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