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Ferrari's first electric car Luce fetches $40M at charity auction

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RACE Ferrari NV
$414.85 +0.62%
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  1. 1Ferrari's first electric car, the Luce, was sold for $40 million at a California-based RM Sotheby's charity auction.
  2. 2The price is more than 35 times the standard retail price, setting a record for the highest new-car auction sale, and the one-off vehicle was conceived by Jony Ive.
  3. 3All proceeds will be donated to the Ferrari Foundation's education programs, and the buyer's identity has not been disclosed.

This 3-line summary is compiled from the report below.

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