$NVDAB
🚨BREAKING: The same Ferrari Luce that crashed the stock 8% on reveal day just sold for $40 million at a charity auction.
That is 36 times its retail price of €550,000.
The buyer is 87 year old billionaire Herbert Wertheim.
He could net over $13 million back in tax deductions from the purchase.
Proceeds from the sale go to the Ferrari Foundation's education programs.
When Ferrari first unveiled the Luce, a 1,050-horsepower EV, the stock crashed 7.57% that same day.
Since the Luce launch, $RACE stock is up 36%, recovering fully from the initial selloff.
Investors had doubted buyers wanted a silent, heavy EV from a brand built on scarcity and combustion engines.
This sale is the clearest sign yet that demand for Ferrari's EV exists at the very top of the buyer pool.
#Ferrari #worldnews
🚨BREAKING: The same Ferrari Luce that crashed the stock 8% on reveal day just sold for $40 million at a charity auction.
That is 36 times its retail price of €550,000.
The buyer is 87 year old billionaire Herbert Wertheim.
He could net over $13 million back in tax deductions from the purchase.
Proceeds from the sale go to the Ferrari Foundation's education programs.
When Ferrari first unveiled the Luce, a 1,050-horsepower EV, the stock crashed 7.57% that same day.
Since the Luce launch, $RACE stock is up 36%, recovering fully from the initial selloff.
Investors had doubted buyers wanted a silent, heavy EV from a brand built on scarcity and combustion engines.
This sale is the clearest sign yet that demand for Ferrari's EV exists at the very top of the buyer pool.
#Ferrari #worldnews
