F1: Ferrari (NYSE:RACE) Resolves Fuel Consumption Issue
The Big Q: Did the upgraded Ferrari F1 engine run at the Canadian GP resolve the fuel consumption issue they had in the beginning of the season?
The Big A: That is a complex question.
This is how the experts see it:
As well as simply improving the efficiency of the engine, another way of saving fuel is to be fast enough to qualify on pole and then just control the pace of the race from the front.
Certainly, the car was faster than MercedesAMG in the race and you saw Mr. Bottas use up so much fuel in his chase of Sebastian Vettel that he had to back right off in the closing stages of the race to finish under power.
But the fact that Montreal is a heavily fuel-demanding track layout and Mr. Vettel had things under control suggests that it is no worse than MercedesAMG, and maybe even slightly better.
The French Grand Prix is up next and MercedesAMG’s prospects are good there, as it is the sort of high-speed-corner track that suits their aero efficiency very well.
Also, the tires are not the softest and they are the thin-gauge ones that Ferrari had a problem with in Barcelona but MercedesAMG did not.
That does not mean it will be an easy run for them but looking at it before the event, there is nothing the Silver Arrows or The Scuderia fear about the Paul Ricard circuit.
On Ferrari stock’s race to all times highs and its Bullish breakout Wednesday, there is no overhead resistance and the institutions are now pouring money in to the iconic Italian supercar maker and racer.
Ferrari is the world’s #1 automotive brand and an Aristocrat stock.
|NYSE:RACE||149.4||14 June 2018||5.44||148.08||149.58||147.27||643,665|
|HeffX-LTN Analysis for RACE:||Overall||Short||Intermediate||Long|
|Bullish (0.43)||Bullish (0.40)||Bullish (0.30)||Very Bullish (0.58)|
Latest posts by HEFFX Australia (see all)
- Alibaba (9988.HK) to Drive Its Digital Transformation - August 11, 2020
- Is Tencent (0700.HK) Stock A Buy? - August 11, 2020
- A Closer Look at the Bitcoin: BTC/USD (BTC=X) Price - August 11, 2020