Ferrari’s (NYSE:RACE) Hybrid Supercar Debuts in Less than 3-Weeks

Ferrari’s (NYSE:RACE) Hybrid Supercar Debuts in Less than 3-Weeks

$RACE

Possibly most exciting debut by Ferrari (NYSE:RACE) out of the 5 new Supercars scheduled to take place this year is confirmed by the company CEO to take place at the end of May.

During last weeks Quarterly earnings call, Ferrari CEO Louis Camilleri confirmed that the hybrid Supercar will make its grand debut later this month.

This Supercar will be the second model by Ferrari to launch this year; the F8 Tributo made its debut at the Geneva International Motor Show in March, and 2 more will debut in September at the Frankfurt Motor Show, and the final model will make its appearance during Q-4 of this year.

According to CEO Camilleri, “it will be a Top-of-the-line hybrid with Supercar performance and a true beauty.” In fact, he stated that over 50% of the lineup with be offered with a hybrid trim option by Y 2022.

While other luxury automotive manufacturers are entering the EV revolution by developing fully battery electric Supercars, Ferrari is “studying it” according to company CTO Michael Hugo.

Vehicle sound and weight are 2 of Ferrari’s most defining features, and must be greatly altered by converting cars to electric, so it is likely we will not be seeing an all-electric Ferrari until Y 2022 or beyond.

The Maranello Outfit has been short on the hybrid’s specs, as almost nothing has been revealed about what to expect. We will wait until the end of the month and we will report the full details here.

Ferrari is the Aristocrat of the automotive sector.

The 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.

Ferrari is the Aristocrat of the automotive sector.

HeffX-LTN overall technical outlook for RACE is Very Bullish, there is no resistance above 145.25, and very strong support at 136.0 All of our Key indicators are Very Bullish in here.

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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