Close Menu
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
Facebook X (Twitter) Instagram
The Meridian Spy
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
The Meridian Spy
Home»Business»Ferrari’s First Electric Car Sells for Record $40m
Business

Ferrari’s First Electric Car Sells for Record $40m

meridianspyBy meridianspyAugust 17, 2026No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email
Share
    

Share!

  • Share
  • Tweet

Ferrari’s first fully electric production car, the Ferrari Luce, has sold for a record $40 million at a charity auction during Monterey Car Week in California. The one-off vehicle, known as “Chassis 0,” was sold through RM Sotheby’s, with proceeds going to the Ferrari Foundation to support educational programmes.

The $40 million sale makes it the most expensive new car ever sold at auction, surpassing the previous record of $26 million, set by a bespoke Ferrari Daytona SP3 in 2025.

The Luce made history as Ferrari’s first fully electric vehicle. Its launch initially attracted criticism from some traditional Ferrari fans because of its five-seat design and move away from the brand’s traditional combustion-engine identity.

The auctioned car was a highly customised version produced by Ferrari’s Tailor Made division and design centre. Ferrari originally unveiled the Luce at around €550,000 ($638,400), making the $40 million auction price an extraordinary premium for the historic first production chassis.

No related posts.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
meridianspy

Related Posts

Tinubu welcomes 4.43% GDP growth, promises stronger economic gains for Nigerians

August 31, 2026

Marine Agencies’ Revenue Rises 160% to N1.83tn in 2025 — Oyetola

August 31, 2026

Oil Output Rises As Pipeline Losses Decline

August 21, 2026
Search
Recent Posts
  • NNPC Ltd Commends NDLEA Over Interception of Drug-Laden Fuel Tanker
  • Nigerian-British Businessman Dies After Penis Enlargement Procedure 
  • Osimhen Doubtful for AFCON Qualifiers
  • Oyebanji Resumes Office, Begins Preparations for Second Term
  • German Private Rocket Makes History, Reaches Orbit From European Soil
  • 2027 Poll: ADC Governorship Candidates Unveiled
  • Tinubu Policies Pushed Nigerian Youths into Selling Kidneys – Atiku
  • Amaechi: Atiku Will Scrap Band A, B Tariffs, Restore Electricity Subsidy
  • Atiku Challenges Tinubu to Explain $460,000 US Forfeiture, Defends $1.2m Lobbying Deal
  • Troops Recover Nine Terrorist Bodies After Failed Kukawa Attack
  • Tinubu’s US Records Dispute Is Civil, Not Criminal — Presidency
  • Why Atiku Lost  2023 Election to Tinubu – Wike
  • Pantami leads Gombe 2027 race in online polls, secures 84% in 58,000-vote survey
  • Osun Poll: Ruling Party Can Lose Without ‘Federal Might’ — Sanwo-Olu
  • Press Freedom: My Government Won’t Punish Nigerians for Criticising Me – Tinubu 
Categories
  • Business
  • Crime
  • Education
  • Entertainment
  • Environment
  • Foreign
  • Health
  • Investigations
  • Labour
  • Lifestyle
  • Metro
  • News
  • Opinion
  • Politics
  • Security
  • Sport
  • Technology
  • World news
Access Bank DiamondXtra Season 16 Rewards
  • About us
  • Contact Us
  • News
  • Politics
  • Health
© 2026 All Right Reserved. Designed by Techjuno

Type above and press Enter to search. Press Esc to cancel.