Ferrari's Tailor-Made EV Fetches $40 Million at Charity Auction
TL;DR Summary
A personalized model of Ferrari’s first fully electric car, the Luce, sold for $40 million at Sotheby’s charity auction during Monterey Car Week, setting a record for a new car sold at auction; proceeds go to Ferrari’s educational foundation. The sale followed the Luce’s unveiling, which had sparked skepticism, though Ferrari later raised its full-year guidance after beating Q2 expectations.
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