Ferrari’s first fully electric car sells for ₹382 crore, breaks Daytona SP3 record
Ferrari shares gained as much as 1.4% in Milan on Monday. The stock had risen 13% so far this year through Friday, helped by demand for high-priced models including the $3.6 million F80 hybrid.
Ferrari's first fully electric car, the Luce, has sold for $40 million, or approximately ₹382.44 crore, at a charity auction in California. This record-breaking sale surpasses the previous high of $26 million paid for a customised Daytona SP3 in 2025. The Luce, described as a "tailor-made" vehicle built according to individual customer specifications, was unveiled by Ferrari in May with a starting price of €550,000 ($636,356).
The electric model diverges from Ferrari's traditional combustion-engine sports cars, leading to criticism from some enthusiasts. Despite this, Ferrari's shares have risen as much as 1.4% in Milan, and the company expects to sell several hundred Luce vehicles. The final performance of the Luce in the second-hand market will be crucial in determining if it maintains its appeal among buyers.
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