Ferrari is trading 5.46% up at $445.62 in after-hours trading, after renewed investor attention to its first fully electric Luce model and a bespoke Luce selling for $40 million at a charity auction.
- The sale set a record for a new vehicle, signaling strong collector interest despite earlier skepticism.
- On August 31, the S&P 500 fell 0.25% and Nasdaq fell 0.54%, making Ferrari’s gain notably company-specific.