https://www.live-feeds.com/feed/ferrari-s-first-ev-sells-for-staggering-40m-at-monterey-auctionContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/ferrari-s-first-ev-sells-for-staggering-40m-at-monterey-auctionhttps://www.live-feeds.com/feed/ferrari-s-first-ev-sells-for-staggering-40m-at-monterey-auction#u46932Sun, 23 Aug 2026 13:10:58 +0000An 87-year-old billionaire from Florida purchased Ferrari's first electric vehicle, the Luce, for $40 million at a Monterey auction. The price far exceeded the initial $1.1 million estimate and was 62 times the original asking price. The one-of-a-kind SUV was developed through a collaboration with former Apple designer Jony Ive. This sale marks a record for the electric model, which has been described as polarizing by some observers.Why it mattersThe Luce represents Ferrari's entry into the electric vehicle market. Its design partnership with Jony Ive connects the vehicle to the aest https://www.live-feeds.com/feed/ferrari-s-first-ev-sells-for-staggering-40m-at-monterey-auctionhttps://www.live-feeds.com/feed/ferrari-s-first-ev-sells-for-staggering-40m-at-monterey-auction#u44982Tue, 18 Aug 2026 22:26:02 +0000Ferrari's first electric car, called the 'Luce', has been sold at an auction for a record $40 million. The exclusive model was designed in collaboration with Jony Ive, the designer behind Apple's most iconic products. The sale took place at the Monterey auction, where it fetched a staggering price, making it a highly sought-after collector's item.Why it mattersThis sale marks a significant milestone for Ferrari as it ventures into the electric vehicle market. The collaboration with Jony Ive, known for his work at Apple, adds to the car's appeal. Ferrari's ent