{
  "id": 1493671,
  "title": "Ferrari’s first fully electric car sells for ₹382 crore, breaks Daytona SP3 record",
  "url": "https://urgent.news/2026/08/17/ferraris-first-fully-electric-car-sells-for-382-crore-breaks-daytona",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-08-17T14:08:42.000Z",
  "source": {
    "name": "Live Mint",
    "slug": "live-mint",
    "url": "https://www.livemint.com/news/us-news/ferraris-first-fully-electric-car-sells-for-382-crore-breaks-daytona-sp3-record-11786969871280.html"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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.",
  "key_points": [
    "Ferrari's Luce, first fully electric car, sells for ₹382.44 crore at charity auction",
    "Surpasses previous record of $26 million paid for custom Daytona SP3 in 2025",
    "Luce, tailor-made vehicle, breaks expectations and boosts Ferrari shares"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}