Mattia Binotto speaking on the events of the Mexican Grand Prix and said that Ferrari (NYSE:RACE) need to be braver and take risks…
Ferrari missed out on Mexican GP victory as Pole-sitter Charles Leclerc finished 4th having stopped 2X for new tyres, whereas Lewis Hamilton stopped just once, and Leclerc’s 2nd stop on Lap 45 to cover off Red Bull’s Alex Albon behind did not go to plan.
Mr. Binotto said the time has now come for Ferrari to take more chances, with 3 races left this season and 2nd in the constructors’ championship all but sealed.
“Generally speaking we need to take more risks and be braver and being brave enough means that maybe when Albon stopped, we shouldn’t have stopped Charles, and he should have stayed out.
“But in doing that we were pretty sure that the tires wouldn’t have lasted ‘til the end by stopping at that time, which was wrong, the wrong assumption.”
With little room for error when it comes to picking the right strategy, Mr. Binotto explained Ferrari therefore need to improve their understanding of the Pirelli tires, which MercedesAMG seemed to have nailed down in Mexico by keeping Mr. Hamilton out longer on the hard tire to prioritise track position and ultimately win. It was a risk, but a calculated risk.
He continued: “So it means in terms of tire modelling, tire understanding there was still some tuning which was required and looking back at the data we are trying to improve our tire model for better understanding that will give us, in the future, a better opportunity to make a better choice.”
The focus may be on Mr. Hamilton’s run for a 6th title, but Mr. Leclerc needs to outscore MercedesAMGs’ Valtteri Bottas to keep the battle for 2nd in the standings alive. As for 3rd, only 6 points separate Mr. Leclerc and team mate Sebastian Vettel…
Catch all the action from the United States Grand Prix on ESPN and ABC.
Enzo Ferrari’s iconic Italian Supercar manufacturer claimed the title according to the latest Brand Finance Global 500 2019 report launched at the World Economic Forum in Davos.
HeffX-LTN overall technical outlook for RACE is Neutral to Bearish, overhead resistance is at N/A, and support at 155.30 as 3 of our 3 Key indicators have turned Very Bullish and the stock has established long term support.
Ferrari finished at 161.28, +1.26 Friday in NY.
Note: Goldman Sachs upgraded Ferrari to ‘buy‘ from ‘neutral ‘calling the stock’s pullback a good “entry point.” “We upgrade Ferrari from Neutral to Buy, offering 15% upside to our new price targets of 182. Our thesis, outlined in Life of Luxury published in September, is fundamentally unchanged post Ferrari’s in-line 2-Q results. We view the stock’s recent pullback since July 16 has provided good entry point in here.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term investment, and I see it at 200/share in that frame
Tune and enjoy the F1 racing at Austin Tx this weekend.