Tbh you don't have to read far into the ad to realise it isn't actually a Ferrari, and the price should be a bit of a giveaway for anyone who actually knows anything about classic Ferraris.
Ebay do filter such ads out when they notice them/receive a complaint, but they don't seem to have an issue where something is accurately described as, for example, a Jaguar 'C' Type Replica or even Lancia D24 Spyder Evocation.
Some people just don't seem to understand 'the rules' though - take this Karma, the seller explains that he's had to relist it as ebay took exception to the use of '911' in the title...
https://www.ebay.co.uk/itm/Ferrari-D...wAAOSwsFpaGaKB
...and then relists it as a Ferrari Dino. Can't see ebay having an issue with that then!