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Wrecked Car Was $350k Ferrari

Jason Pierre Paul was behind the wheel of $350,000 Ferrari when he crashed into a concrete barrier on May 2nd ... this according to the crash report obtained by TMZ Sports.

The Florida Highway Patrol states JPP was driving a red 2019 Ferrari 488 Pista -- a rocket ship on wheels that tops out at 211 mph. The car goes from 0 to 60 in 2.8 seconds.

Officials say the Tampa Bay Bucs superstar star lost control of the car around 2:38 AM and collided with a concrete barrier on I-95 in Fort Lauderdale.