Home 2020 F1: Ferrari’s (NYSE:RACE) Vettel Post Fastest Time in Spain Thursday (Video)

F1: Ferrari’s (NYSE:RACE) Vettel Post Fastest Time in Spain Thursday (Video)


Ferrari (NYSE:RACE) driver Sebastian Vettel clocked the fastest lap Thursday of F1 preseason testing on Thursday, while Lewis Hamilton’s session was cut short by mechanical trouble.

Mr. Hamilton’s MercedesAMG racer came to a stop on the track at the Barcelona-Catalunya Circuit, bringing out a Red flag and causing the 6X world champion to miss the day’s final 2 hrs of running.

MercedesAMG said the stoppage was caused by an “oil pressure anomaly” that they will investigate.

Testing didn’t quite go to plan today but we’ll come back better and stronger tomorrow,” Mr. Hamilton wrote on Twitter.

Valtteri Bottas was behind the wheel of the MercedesAMG in the morning session. Mr. Hamilton took over after lunch and only managed 14 laps before he had to call it quits.

It is frustrating when there’s only 6 days of Winter testing, to be spending half of 1 day in the garage,” MercedesAMG’s technical director James Allison said.

Mr. Vettel posted a flying lap of 1 min, 16.841 secs, the best time for him or Ferrari teammate Charles Leclerc over 5 days of testing.

“This was a good day,” Mr. Vettel said. “Having said that, I don’t think today’s times mean much, because, out of the 5 days of testing we have done here so far, today’s track conditions were definitely the worst.

We will not get a clear picture until Melbourne, but maybe not even there, given that the track is pretty unique,” the 4X former champion said.

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, there is resistance 167.69 and Key support is at 154.44.

Ferrari finished at 156.09, -3.81 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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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.