The Ferrari F50 was created to celebrate the iconic Italian automaker’s 50th anni. The goal was to create an F1 inspired road car for the people.
Ferrari (NYSE:RACE) wanted to give a small number of its clienti a slice of the experience that Jean Alesi and Gerhard Berger were experiencing on the track.
YouTuber TheTFJJ has captured a very special example of the F50 cruising the streets of London.
The car in the video is not a normal F50. No, it is 1 of 4 examples that were painted black from the factory. Along with its rarified paint, it has also been fitted with a straight pipe exhaust system. The combination of sound and looks make this Ferrari one of the best looking and sounding Supercars ever.
Unlike its twin-turbo V8 brother, the F50 boasts a naturally aspirated V12 making it a perfect straight-pipe candidate. Its V12 also drew inspiration from the 3.5L-V12 seen in Ferrari’s 1995 F1 challenger. The engine in the road car does not share many similarities with the F1 engine. Along with not having the same F1 rev range, the F50’s V12 is bigger and designed to work in traffic.
Our overall technical outlook is Very Bullish in here, as all Key indicators are Very Bullish as it approaches its all time highs at 179.21 marked on 18 February 2020.
Ferrari finished Tuesday at 171.21, +1.76 in NY.
The Maranello Outfit’s shares were raised to Buy from Hold at HSBC.
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 (after the virus) and siding with BAML to 230 long term for now. The stock is now considered defensive in the sector.
Have a healthy day, Keep the Faith!