The police report that the car was found roughly 150 feet down an embankment where it caught fire, which is how it ended up in such a sorry state. Based on the post, the road was wet, and the implication is he may have been driving more aggressively than he should have based on road conditions, but not at illegal speeds.
The police reported that the driver only suffered a few cuts and bruises, which is remarkable considering the severe damage. And while we're sure the driver is grateful he came out ok, it's probably hard for him to focus on the positive after losing a dream car so soon after picking it up. But with any luck, insurance will cover the car, which has a base price of $260,000, and he'll be in a different Ferrari soon enough. Hopefully he'll be more wary in wet weather with the next one, though.