F1: Ferrari’s (NYSE:RACE) Vettel said Tuesday, It Wasn’t the Tires

F1: Ferrari’s (NYSE:RACE) Vettel said Tuesday, It Wasn’t the Tires

F1: Ferrari’s (NYSE:RACE) Vettel said Tuesday, It Wasn’t the Tires

$RACE

Tuesday, as part of Ferrari’s investigations into its lack of race pace last Sunday, Sebastian Vettel tested standard tread versions of the soft and medium compounds as well as thin tread tires in a back to back comparisons. The thick tread tires came back with obvious signs of overheating and Mr. Vettel admitted after the session that they would have exacerbated Ferrari’s issues if they had been used in Sunday’s F1 race in Spain.

“I think it’s pretty straightforward,” he said. “Obviously you don’t get the chance to revisit this kind of decisions that are made very often, but we did it today and the result is that if we had had the normal tires on Sunday, it would have probably been worse, so it was the correct call. It was our fault for not having the same tire wear or life as other people.”

Lead Scuderia driver Vettel said Ferrari used Tuesday’s test to work on improvements in an attempt to solve the issues it faced at the Spanish Grand Prix weekend.

“It’s good to have the test to be able to compare and I think we have some ideas. Now it’s up to us to turn those ideas into reality. As I said it was good in terms of timing, coming from a poor weekend for us, we were not quick enough and more than not being quick enough we were struggling to make the tires last, these things have a link, so it was good to have a possibility to revisit it and now it’s up to us to take action.

“Obviously it looked like from the outside they [Mercedes] had a stronger weekend, without any big issues, but we need to look at ourselves, focus on our car and our problems, so we’ll be stronger again.”

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 134.16 15 May 2018 -1.04 134.02 134.55 133.27 127,559
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.37) Bullish (0.34) Neutral (0.23) Very Bullish (0.54)

Monaco is next, see you there.

Stay tuned…

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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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