The best way to describe Ferrari’s new EV, Luce, is that it is “polarizing.” With a price tag of $650,000, the Luce is expected to be a failure, since that is a lot of money for an EV. Despite utilizing a famous Apple designer for the interior, the Luce is not inspiring or aspirational. Frankly, I am worried about Ferrari NV (NYSE:RACE), since their recent models, like the 849, have poor styling. The Luce styling is also problematic.This is a good time to point out that the European Union (EU) is systematically destroying the auto industry, since they are forcing companies to make EVs and hybrids that are heavy and compromise handling as well as ride quality. Britain is also largely implementing the EU’s oppressive rules. Alfa Romeo, Jaguar, and Maserati are all expected to fail due to a poor reception for their EVs, since these are emotional brands. I should add that particulate filters on exhaust systems are making European vehicles quieter and less exciting, even on Ferraris. It will be interesting if any European manufacturers want to divert more of their production to the U.S., where oppressive emission and noise regulations do not exist.The Iranian Revolutionary Guards Corps (IRGC) said that the possibility of a return to war with the U.S. was “low.”Specifically, Mohammad Akbarzadeh, deputy political chief of the IRGC Navy, said, “The possibility of war is low because of the enemy’s weakness, the armed forces are lying in wait with full magazines.” This comment has crude oilprices plunging. However, I expect that crude oil prices will remain elevated for the next few months, so many energy-related companies will be reporting strong earnings for the next couple of quarters. The other big news emanating from Iran was that the Internet was being turned back on. The Wall Street Journal recently reported that the Iranian Internet blackout threatens up to 10 million jobs in Iran due to the fact that businesses could not communicate with their clients. It will be interesting if Iran can try to control the Internet and promote their propaganda.