F1: Ferrari (NYSE:RACE) Engine Legality Talk Designed to”destabilise”

F1: Ferrari (NYSE:RACE) Engine Legality Talk Designed to”destabilise”

$RACE

Charles Leclerc says the Questions about the legality of Ferrari’s 1 engines are an attempt to “destabilise” his team, which he insists is not worried about the situation.

Now, due to Ferrari’s current F1 power advantage, a number of the Maranello Outfit’s rivals had written to the FIA seeking clarification about the legality of some of the concepts behind its power unit.

It is understood that these related to its oil intercooler and its energy recovery system, which rivals believe are Key to the gains Ferrari has made this season.

But with no official protest having been lodged, Ferrari is comfortable with where things currently stand and Mr. Leclerc is far from concerned.

“I think any time a team is in a good moment, obviously everyone is looking at the small things to try and destabilise the team,” he said. “That’s not happening.

“We are very confident inside the team that there is no problem with that, so it doesn’t affect us.

Red Bull-Honda’s Max Verstappen labelled Ferrari’s current power advantage ‘insane‘, and believes that edge will make it unbeatable in this weekend’s Mexican Grand Prix.

Despite having won at Mexico City for the past 2 years, Mr. Verstappen thinks his team will not be as strong as it was in the past and will not be able to fight for victory even if it is comfortably fastest over a single lap.

“From the Ferrari side over the year they gained more and more power,” he said. “I think it’s very hard to beat that to be honest. Even if you have a car half a second faster it’s still almost impossible to beat them in qualifying.

“As you can see with Mercedes, they have the best car compared to them and still in qualifying they are lacking compared to them. It’s insane the speed difference they have.”

Asked if he knew where that power leap had come from, Mr. Verstappen said: “No otherwise of course we would have implemented that in our engine.

We keep pushing from our side to try and gain more power but the deficit is really big.

“When we look to Mercedes and Renault I think we are looking strong, we are not really lacking that much.

“Of course Mercedes normally run more downforce than us but we are close to them, so I guess that’s already a good achievement.”

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 Neutral to Bearish, overhead resistance is at 159.81, and support at 154.38 as Key indicators are Neutral with Bullish bias as the stock establishes long term support.

Ferrari finished at 153.03, +3.06 Thursday 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 last month, 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 in and enjoy the F1 racing at Mexico City

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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