Ferrari’s controversial Luce EV is sold out for 2027

Ferrari's Luce electric car has been sold out through 2027, with every car in the 2027 production run already having a buyer. The Luce, designed by Jony Ive, was initially met with criticism but has seen strong demand. Ferrari's CEO Benedetto Vigna stated that the company's financial performance in the third quarter was boosted by revenue from customizations, which accounted for over 21% of revenue from cars and spare parts. The Luce's starting price is around $615,000, and Ferrari has not disclosed the exact number of vehicles it plans to produce. Ferrari's longer-term target is to sell 2,500 units by 2030.