Ferrari (NYSE:RACE) has been clear that the goal it’s SF1000 racer is to increase downforce, with last year’s SF90 known to have very low drag but less cornering might than its Mercedes counterpart.
Sebastian Vettel, when asked whether he had felt that up in downforce during his 73 laps in the SF1000 Thursday en route to P5 in the classification, he replied: “Yes. Enough? We will see, but it’s definitely a step up from last year.
“Obviously I had some laps and you feel very quickly the characteristics of the car in some places,” he added, “in other places I think there are some similarities to the 2019 car, but I think it’s still very early days. We’ve still got plenty of stuff on the list still to go through for the next four days to try and see what the cars doing, how it will respond to certain set-ups and windows where we use the car.
“Obviously we had a clear plan of what we wanted to achieve with this year’s car, and it is going in that direction, but now I think it’s up to us to really explore the car back to front and see how it responds on track.”
Charles Leclerc subbed for his team mate on Day 1 of the test, but Mr. Vettel will now spend Friday in the car, as he looks to build up even more of a rapport with the SF1000 before Week 1 draws to a close in Spain.
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 Bullish, there is light overhead resistance at 178.93, and Key support is solid at 171.39, the stock has established strong long term support. All of our Key indicators are Very Bullish in here.
Ferrari finished at 177.85, -1.36 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.
Have a terrific weekend