Ferrari auction sells first electric car

The electric Ferrari "Luchi" has set a new record at an auction, selling for $40 million, making it the most expensive new car ever sold at auction. The vehicle features a unique bubbly design that shifts colors from green to purple when exposed to light. It was designed exclusively and is equipped with an electric motor in each of its four wheels. All proceeds from the sale will go towards supporting Ferrari's educational initiatives, and delivery to the anonymous buyer is expected in early 2027. This deal comes after a period of decline in the company's stock price and mixed reactions from fans regarding the bold design of the car.

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