{
  "id": 1270493,
  "title": "Ferrari’s first electric car fetches record US$40mil at auction",
  "url": "https://urgent.news/2026/08/16/ferraris-first-electric-car-fetches-record-us-40mil-at-auction",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-08-16T12:59:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/leisure/2026/08/16/ferrari-s-first-electric-car-fetches-record-us-40mil-at-auction"
  },
  "original_language": "en",
  "account": "Ferrari's first electric car, the Luce, broke auction records by selling for a record US$40 million at a charity event in Monterey, California. The vehicle marks a departure from Ferrari's traditional combustion-engine sports cars and was designed in collaboration with LoveFrom, the studio founded by Apple's former design chief Jony Ive. Priced at €550,000 (US$636,356), the Luce is a \"tailor made\" one-of-a-kind car. Despite initial criticism and a drop in Ferrari's share price, the model reportedly received orders from both existing and new customers. Ferrari CEO Benedetto Vigna emphasized that the Luce was unique, not a mere replication of other electric cars. The car's unconventional design and powerful performance, boasting over 1,000 horsepower, have generated interest in the market. Following the sale, Ferrari increased its full-year guidance due to strong demand for limited-run models.",
  "summary": "The Luce, 'tailor-made' at Monterey Car Week, overtakes Ferrari's customised Daytona SP3 from last year as the most expensive new car ever sold at auction.",
  "key_points": [
    "Ferrari's electric Luce car sold for US$40 million at Monterey auction",
    "Luce marks Ferrari's shift from combustion-engine sports cars",
    "Car designed with LoveFrom studio, boasts over 1,000 horsepower"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Ferrari’s first electric car fetches record US$40mil at auction",
        "url": "https://urgent.news/2026/08/16/ferraris-first-electric-car-fetches-record-us-40mil-at-auction-1272586",
        "published": "2026-08-16T12:59:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}