Ferrari (NYSE:RACE) picked up its 11th podium of the season thanks to a 33rd place finish for Sebastian Vettel in Sunday’s Hungarian Grand Prix, held at the Hungaroring. Charles Leclerc came 4th right behind his team-mate.
Start. The 2 SF90s got away cleanly when the lights went out and, on the short uphill straight prior to turn 4, Charles made the most of the battle between Lewis Hamilton and Valtteri Bottas to pass him and move up to 3rd.
Strategy. Charles was third until lap 27, when he pitted, as his Mediums were degrading significantly. He took on Hards with the aim of going all the way to the Chequered flag. As for Seb, he managed to complete 39 laps on the Mediums and that meant he was able to take on Softs at his only pit stop.
Overtake. From then on, the Mr. Vettel did an excellent job of managing his tires in the opening lap of this stint and towards the end of the race, so that he closed down a gap of almost 20 secs to Mr. Leclerc, and caught up to him with 4 laps remaining, overtaking him next time round. This was Mr. Vettel’s 6th podium of the year. The F1 circus now takes its usual Summer break before the action resumes with the Belgian Grand Prix on 1 September.
Sebastian Vettel said, “We leave Hungary and for a few weeks we can console ourselves with the fact that we made it to the podium in a race in which we knew we were going to struggle.
Today, we simply could not match the pace of our rivals. In terms of strategy, the idea was to come up with something different to try and do better than 4th. I managed to extend the 1st stint to 39 laps and that allowed me to fit Softs and have a stronger pace than Charles in the closing stages.
Now we can recharge our batteries and prepare to battle once more in Spa and Monza, tracks where we ought to be more competitive. We know there is still some performance to come from the SF90 and we have to work on that, but I am convinced that there is a margin to get better results.”
Charles Leclerc said, “Arriving in Hungary we knew it would be a tough race for us, and it was. The beginning of the 1st stint was not bad, but as the race progressed, I started to struggle with my rear tires more and more and could not match the pace of our competitors.
My target now is to understand how to improve this, especially over long runs and on circuits where the degradation is high. I look forward to returning to racing after the break so that we can continue working on making further improvements and give our competitors a good challenge.”
Mattia Binotto Team Principal said, “We cannot take satisfaction from today’s result, when what was mainly to blame was a lack of aero down-force, which at the moment penalizes us even more in the race than in qualifying. The hot conditions did not help and actually caused us more problems in terms of reduced grip levels.
Sebastian did a good job of managing the tires in the 1st stint, thus lengthening it, which meant he could fit the Softs and run with them to the chequered flag. However, we have to understand why Charles’ tires wore so much and fix for the coming races. We pitted him, as his rears were very used and there was nothing else we could do.
From a track on which we knew we would struggle, we still head home with the same number of points of our closer rivals.
Next week we will continue to work on analyzing data and preparing for the next two races in Spa and Monza, however, before then we have the summer break which will be good for the entire team, that has really worked so hard over the past few months.”
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 Bullish, overhead resistance is at 162.39, and support at 158.75, all Key indicators are flashing Bearish in here. Ferrari finished at 159.48, -3.52 Friday in NY.
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.
The final race before the mid-season break was Sunday. Back in a few weeks,
Have a terrific week.