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Snapshot 4:Mon, Aug 17, 2026 8:24:35 AM GMT last edited by Mr Bot

Ferrari's first ever electric car sold for record $40m at auction

Ferrari's first ever electric car sold for record $40m at auction

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The Spin


The Ferrari Luce isn't just another EV — it's a landmark achievement that proves Ferrari still leads where others follow. With 1,050 cv, four electric motors, and an interior that sets a new standard for luxury craftsmanship, this car earns its badge. Initial production sold out, shares rebounded, and the so-called outrage amounted to nothing more than social media noise.

The Luce is a $640,000 car that looks indistinguishable from a mass-market sedan, and Ferrari loyalists have made their feelings crystal clear. Automotive designers call it "brutally bland" and "alarmingly vacant of identity," stocks dropped sharply at reveal, and not a single Ferrari collector seems excited to own one. Hiring an iPhone designer to build a supercar was always going to end badly.

© 2026 Improve the News Foundation. All rights reserved.Version 7.4.1

© 2026 Improve the News Foundation.

All rights reserved.

Version 7.4.1