FerrariPopular television personality and car collector Jay Leno, known for not having a Ferrari in his garage despite having driven many of the Prancing Horse's creations, has compared the Luce to the Chevrolet Corvette.The Luce is Ferrari's first all-electric car that was unveiled last month. However, the EV received much criticism since it looks nothing like a traditional Ferrari.Leno revealed that the car looks like it is an EV and less like a Ferrari, and likened it to the backlash Chevy received from purists after it removed the traditional round taillights from the Corvette's design.AdvertisementAdvertisementLeno also revealed what a confusing time the current era is for several automakers, given the ever-changing tariff structure.Ferrari Luce Had Quite an Impact on Company SharesFerrariFerrari unveiled the Luce on Monday, May 25, and in no time, the brand's shares dropped by over 6% when the markets opened, nosediving to £250 ($336). Hours later, the value struck a low of £245 ($329).The drop erased roughly £4 billion ($5.38 billion) in value overnight, pushing Ferrari's valuation back to where it was about five days before the launch.Not only that, Ferrari's former president, Luca Cordero di Montezemolo, expressed his dissatisfaction with the Luce, saying the Prancing Horse should not be present on the EV. He said:AdvertisementAdvertisement"If I were to say what I really think, it would be unpleasant, so l prefer not to comment. I just hope someone removes the Prancing Horse from that car. We risk destroying a legend, which saddens me greatly. At least this is a car the Chinese won't copy." [Translated text]Ferrari has been a symbol for petrolheads, a place where they could take pride in internal combustion engines. However, that image was challenged after the Luce was unveiled, as its design did not resonate with many enthusiasts. As an unconventional Ferrari, the Luce has been difficult for many enthusiasts to accept.Jay Leno Reveals His Views on the LuceIn a video uploaded by Ferrari collector and ambassador David Lee, Leno was asked what he thought about the Luce. Leno clearly was not as harsh on the Luce as many have been, and he also referred to di Montezemolo's criticism.But he compared the criticism the EV was receiving to that faced by Chevrolet from Corvette owners and fans who slammed the brand for doing away with the signature round taillights in the C7 Corvette in 2014. He said:AdvertisementAdvertisement"Here's my thing. It looks like an electric car. It just doesn't look like a Ferrari. It's not that it is unattractive. Well.. if you're a Ferrari guy.. I saw the former president of Ferrari - 'take the badge off the front.'"It's like Corvette owners, when they [Chevy] dropped the round taillights, and they went, 'Oh, it's not a Corvette,' and all that."Looking at how several automotive manufacturers are switching to EVs and hybrids in an environment where tariffs keep changing, and the future direction seems uncertain, Leno said this phase must be confusing for automakers. He said:"If you're an automobile manufacturer, I don't know what you're doing. It is the most confusing era. Because the rules change. One day there's a 25% tariff, and the next day there is no tariff."There is a Reason Why Jay Leno Does Not Have a FerrariAccording to a report by Supercarblondie, Leno has a collection of around 200 cars, including several supercars, but a Ferrari is missing.AdvertisementAdvertisementLeno is not a fan of the elitism a Ferrari demands, which involves even having to buy a certain model before you can buy the supercar you want, even if you have the money.Ferrari is also particular about how owners represent themselves in public and what they speak about their supercar or the brand itself.The Maranello-based manufacturer has also reportedly banned some people from buying its cars because they did not comply with company policy, even though they could afford a supercar.Speaking about why he does not own a Ferrari, Leno said:"I just never liked dealing with the dealers. I don't wanna give a guy 25 grand in an envelope."
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