https://www.live-feeds.com/feed/ferrari-s-first-electric-car-fetches-record-40-million-at-auctionContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/ferrari-s-first-electric-car-fetches-record-40-million-at-auctionhttps://www.live-feeds.com/feed/ferrari-s-first-electric-car-fetches-record-40-million-at-auction#u44479Mon, 17 Aug 2026 14:02:07 +0000The first production chassis of Ferrari's all-electric car, called the Ferrari Luce, has been sold at an auction in Monterey for $40 million. This sale more than tripled the car's estimated value. The auction took place during a major car sale event. Ferrari's entry into the electric vehicle market marks a significant shift for the brand.Why it mattersFerrari's move into electric vehicles is a major development for the company, known for its high-performance gasoline-powered cars. The sale of the Luce EV at a record price indicates strong interest in Ferrari's electric