Ferrari’s first fully electric vehicle sold for a staggering $40 million at auction in Monterey, California.

The 2026 Ferrari Luce “Tailor Made,” identified as “Chassis 0,” is the first production chassis from the Italian luxury automaker’s new electric vehicle program, according to RM Sotheby’s.

The one-of-a-kind Ferrari was sold during RM Sotheby’s Monterey auction, with all proceeds benefiting educational initiatives through the Ferrari Foundation, a 501(c)(3) public charity. The buyer’s premium was waived for the sale.

The Luce marks a major milestone for Ferrari as the company enters the fully electric vehicle market. Ferrari has described…

Read the full article at FOXBUSINESS.COM