Ferrari’s (NYSE:RACE) Charles Leclerc on the Development of its 2020 F1 Racer

Ferrari’s (NYSE:RACE) Charles Leclerc on the Development of its 2020 F1 Racer

$RACE

2020 will mark a 1st for Ferrari’s (NYSE:RACE) Charles Leclerc, given that it will be the only time in his single-seater career so far that he has remained with a team from 1 season to the next.

Mr. Leclerc declares that he is looking forward to channelling his experience from his 1st year at Ferrari into developing The Scuderia’s Y 2020 challenger.

Mr. Leclerc’s rapid rise up the single-seater ladder since Y 2014, from Formula Renault 2.0, through European F3, GP3, F 2 and then F1, saw him switch teams yearly, with his most recently moving from Sauber to Ferrari after his stunning rookie F1 season in Y 2018.

But having impressed in his freshman year with Ferrari, Mr. Leclerc admitted he was relishing the chance to remain with the squad into next season, whilst having input into the team’s car for Y 2020.

Overall, we progressed quite a lot in 2019, which I think is the most important.

“It is the 1st time in my single-seater career where I stay in the same team from one year to another, which also should be an interesting challenge to develop the car.

Overall, we progressed quite a lot in 2019, which I think is the most important, and now I’m really looking forward to keeping this momentum for next year,” Charles Leclerc said.

Looking back over Y 2019, Mr. Leclerc revealed that he had been happy with Ferrari’s rate of development throughout the year, but described the season as “weird” given the team’s occasional drop-offs in performance at certain tracks.

“It’s been a bit of a weird season,” he said. “We started off definitely not where we thought we would start after the Winter testing. Winter testing was very positive, then we arrived at the 1st race and we have been struggling quite a lot.

But then after that, I think the progression was very good. Austin has been a little bit weird too. We still do not really understand why we were so off the pace.

“But overall I think it has been a positive season, and apart from the 1st race in Melbourne that has been very negative.”

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 Very Bullish, overhead resistance is 168.71, and Key support at 162.37, a Key indicators is Very Bullish (the stock is oversold) and the stock has established long term support ahead of this breakout.

Ferrari finished at 163.79, -2.43 Friday in NY.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I see it at 200+/share in that frame.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I see it at 200+/share in that frame.

Have a terrific weekend

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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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