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by BrokenCogs 16 days ago
the world is shifting to EVs and Ferrari doesn't want to get left behind. It's making a bold statement with this model
2 comments

What is bold about this cheap design?
It's bold to offer something as ugly as this for that kind of money. Jony Ive should stick to designing aluminium cubes. That's where his talents are.
It's completely different from the other Ferrari models (much like the Cybertruck for Teslas)
I don't agree that difference equals boldness. Boldness of Cybertruck comes from its statement. There is no such statement behind Ferrari Luce. It's a cheap Ferrari-for-your-kid kind of design.
which has nothing to do with your (wild) statements about how Ferrari is stagnant and desperate to boost sales...
When was the last time the world talked about Ferrari like this? They've been stagnant for that long
Stagnant? Is that why their value has gone up 8x in the last decade? Does the market reward stagnant businesses?

It's very clear you don't follow the market or the auto industry. The fact that Ferrari is the most valuable European carmaker makes it clear they are not "stagnant". A "stagnant" brand wouldn't outvalue Volkswagen, etc.

Overall market value doesn't have anything to do with how innovative a business may be. Ferrari has a high value because it has a very large profit margin, due to their deliberate low supply and high sale prices. That doesn't mean it's innovative
So the company that earns more per vehicle sold isn't "innovative". How do they command their deliberate high sales prices then? Magic? Why doesn't every car maker have a similar strategy? Why doesn't Porsche, Aston Martin, etc have the same success?

Ferrari is innovative and their brand is vibrant. As evidenced by their extreme success.

If you want to argue in the alternative, try submitting facts or evidence.

There's plenty of evidence that Ferrari operates on the economics of scarcity, not innovation. Here's just one article from this year: https://medium.com/@moschovakiscapital/ferrari-at-332-the-wo...

Ferrari makes a ton of money per vehicle because there is a long line of wealthy elites waiting to buy a new tailored model. They are not known for innovation, in fact you have not provided any evidence to the contrary. They are even terrible at F1, having not one a title since 2008, despite having some of the best drivers racing for them. Yes these are different departments but the same culture.

Would you call Rolex an innovative brand? No one would, because they are a luxury watchmaker brand, who also happen to be one of the most valued brands in the industry.