Ferrari has confirmed that its first electric vehicle, the Luce, is completely sold out for the 2027 production year. CEO Benedetto Vigna stated during the third-quarter earnings call that all planned units for next year have been allocated to buyers, with new customers facing a one-year wait time.
The Luce, a five-seater model designed by Jony Ive, carries a starting price of approximately $615,000. While Ferrari has not disclosed official production figures, reports suggest a target of roughly 600 units annually, with a long-term goal of 2,500 vehicles by 2030. Initial deliveries are expected in the fourth quarter.
Ferrari reported strong financial results for the third quarter, with revenue reaching €1.9 billion, a 7% increase year-over-year. Net income rose by 13% to €431 million, while operating margins reached 29.7%. Customization services contributed over 21% of total revenue from vehicles and parts.
Following these results, the company raised its full-year adjusted earnings guidance to at least €3 billion. The performance was supported by high demand for personalized options and the delivery of the limited-run F80 hyper-car, maintaining Ferrari's position as a leader in automotive profit margins.
