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Jaguar unveils $130,500 electric vehicle two years after controversial rebrand

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Core Development: Jaguar unveils $130,500 electric vehicle two years after controversial rebrand
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Market & Financial Impact: The launch comes as luxury rivals Ferrari and Bentley also push into EVs, seeking to test wealthy buyer's appetite for going electric.
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

Luxury carmaker Jaguar has launched its new all-electric vehicle, two years after the famed British company's controversial rebrand prompted a social media backlash.

The automotive manufacturer, which is owned by India's Tata Motors, unveiled the Type 01 model on Tuesday at an event in New York City, describing it as the "most technically advanced" and "most powerful and aerodynamic" Jaguar ever.

It marks a radical new direction for the company, which was criticized in November 2024 when it revealed a series of changes ahead of becoming a fully electric brand.

Jaguar posted a 30-second clip on X at the time which featured several models in brightly colored clothing and marketing slogans such as "live vivid", "delete ordinary" and "copy nothing."

Notably, the ad did not feature a car or the company's traditional cat logo. Among those to criticize the ad was Elon Musk, with the owner of the X social media platform asking: "Do you sell cars?"

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Official Publisher Attribution: This report is aggregated from CNBC. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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