Ferrari's first electric car sold for record $40 million | The National

Ferrari’s first all-electric car, the Luce, sold for a record $40 million at a Sotheby’s charity auction during Monterey Car Week in California, making it the most expensive new vehicle ever sold at auction. Ferrari NV said the bespoke “tailor made” Luce had surpassed last year’s record set by a customized Daytona SP3, which sold for $26 million. Ferrari unveiled the Luce in May with a listed price of €550,000 ($636,356) after criticism and a drop in the company’s shares. The car is a four-door electric designed with LoveFrom, the studio led by Jony Ive. Ferrari says it delivers more than 1,000 horsepower, and CEO Benedetto Vigna said it is unlike other electric cars. The company also raised full-year guidance as demand for limited-run models boosted second-quarter results.