Ferrari’s first fully electric car, the bespoke Luce “Chassis 0” (also described as the Luce “Tailor Made” and the first of its EV program), sells for $40 million at an auction during Monterey Car Week. Multiple outlets say the price sets a record for a new car sold at auction, and that it far exceeds the car’s initial estimate.

The sale is reported as a major jump from an estimated $1.1 million, or roughly 35–40 times that figure depending on the outlet’s comparison. Several reports note the vehicle was shown publicly a few months earlier, with Ferrari unveiling the Luce around May and a reported backlash after launch. NDTV also links the unveiling to criticism and a drop in Ferrari’s share price.

Outlets differ mainly in added framing and details: CNBC and Euronews emphasize the debate over the EV’s appeal, while AppleInsider highlights design connections associated with Jony Ive and the car’s appearance. Quartz and Financial Times focus on record-setting context within Ferrari’s auction history and the auction house’s role. Times of India adds that delivery is set for 2027, and that the car is bespoke.