Ferrari's first electric car model sells for 40 million

A charity auction in California sold a custom model of the electric Ferrari "Luce" for $40 million, setting a record as the most expensive new car ever sold at auction. The "Luce" is Ferrari's first fully electric vehicle, featuring an unconventional bubble-like design with a chameleon shifting paint job and a bespoke interior made from custom materials. Although the car received mixed reviews from some enthusiasts, its price far exceeded expectations, reaching 36 times the original estimate of $1.1 million. All proceeds from the sale will be donated to support Ferrari's educational initiatives. The car is expected to be delivered to the winner in the first quarter of 2027, with the model available to the public by the end of 2026.

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