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The Economic Times

Economy / The Economic Times

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Ferrari's first all-electric car sells for record $40 million at auction

Ferrari's first all-electric vehicle sold for forty million dollars at auction. This sale established a new record for the most expensive new car ever sold. The Luce, a tailor-made electric model, faced criticism upon its unveiling in May. Ferrari's share price saw a drop after the initial announcement of the vehicle. The company recently raised its full-year guidance due to strong demand for limited-run models.

17 Aug 2026 1:18 am