Ferrari’s widely mocked EV breaks auction record
The custom Luce sold for 36 times its original estimate of $1.1 million, according to Sotheby’s.
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The custom Luce sold for 36 times its original estimate of $1.1 million, according to Sotheby’s.
Some Ferrari fans may think the car maker’s EV dilutes its “supercar brand,” a Morningstar analyst told CNBC.
The carmaker took an almost $10 billion hit on its EV investment last year.
The Luce may be giving Apple order envy since the tech company canned its decade-long car project two years ago.
Tesla sold 1.64 million EVs last year, the company reported yesterday, while BYD’s sales jumped 28% to 2.26 million.
With with the EV tax credit expired, companies are getting creative
EV sales are up, but a federal tax credit is about to expire.
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