Ferrari's $40 Million Luce Auction Record Highlights Luxury EV Demand Against Tesla's Volume Strategy
On August 17, 2026, Ferrari N.V. (NYSE:RACE) set a world record when a bespoke version of its first fully electric car, the Luce, sold for $40 million at a charity auction during Monterey Car Week. This sale illustrates the willingness of ultra-wealthy collectors to pay top dollar for exclusive elec...