Ferrari’s (NYSE:RACE) Approach to Electric-cars is Cautious

$RACE 

Ferrari’s (NYSE:RACE) patent application images show a 2-seater car, though the technology could be applied in a different body style

Ferrari has approached electrified cars with caution, and we only saw it introduce its 1st plug-in hybrid with the SF90 Stradale last year. Yes, there was the LaFerrari, but the KERS-style hybrid system was hardly for efficiency, just more power.

But the tides change, and even Ferrari has signaled 1 day it will climb aboard the electric car bandwagon. Only when the technology is up to Ferrari standards will we actually see a pure EV from the marque, yet the firm is already thinking ahead.

The company filed a patent application related to EV technology in Europe this past July, which the European Patent Office published last Wednesday.

The patent application 1st surfaced on the Porsche Taycan EV forum and shows what Ferrari might have in mind for its 1st EV.

This could be a basic interpretation of the guts of Ferrari’s 1st EV.

The images could be just for illustration purposes, but if they do hint at Ferrari’s direction, we could see a 2-seater sports car with all-electric power. 

Ferrari is the Aristocrat of the automotive sector.

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 Bullish to Very Bullish, there is light resistance at 175.00, and Key support is solid at 171.27, the stock has established strong long term support.

Ferrari finished at 171.97, -0.68 Thursday in NY.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I have called it at it at 200+/share long term, adjusting it to 200/share short term and siding with BAML to 230 long term for now.

Stay tuned…

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