Ferrari announced that production for its electric Luce model is fully allocated through 2027.

Starting around $615,000 and designed by Jony Ive, the vehicle overcame initial negative feedback to sell out completely ahead of its late-year deliveries.

Ferrari's five-seat electric car, designed by Jony Ive, was met with mixed reviews when it was unveiled last May, but demand has proven to be huge.

According to the company, production of the Luce model for 2027 is already fully sold out. The car's price starts at around $615.000, while first deliveries are expected to begin in the fourth quarter.

Ferrari has not publicly disclosed the exact number of vehicles it plans to produce. Previous reports have indicated plans to sell fewer than 500 units this year and a target of 2.500 units by 2030.

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Management also said there is no specific pattern or demographic profile among the car's buyers.

Meanwhile, personalization revenue exceeded 21% of total car and parts revenue in the third quarter. Ferrari raised its annual adjusted profit forecast to at least 3 billion euros, with third-quarter revenue reaching 1,9 billion euros, up 7% year-on-year, and net profit reaching 431 million euros, up 13%.

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