The new Ferrari (NYSE:RACE) 488 Pista; “pista” means “track” in Italian.
Ferrari has narrowed the Track/Road space putting an enormous amount of track technology into a road car that is designed, in the company’s words, “to offer a race-like experience even to non-professional drivers.”
The Pista, which replaces the 458 Speciale in the Ferrari line, is driven by the most powerful V8 engine Ferrari has ever put in a road car and is built with the most track technology Ferrari has ever added to a street-going supercar.
Companies that build performance sports cars continue to offer vehicles that increasingly erase the space between street cars and track cars.
Pista replaces the 458 Speciale in the Ferrari line, is driven by the most powerful V8 engine Ferrari has ever put in a road car and is built with the most track technology Ferrari has ever added to a street-going vehicle.
The 3.9-liter, twin-turbocharged motor makes 711 hp and 568 pound-feet of torque, inside a sleek body and upgraded chassis that offer the lowest power-to-weight ratio of any car Ferrari has ever sold to the public.
The result: The 488 Pista accelerates from Zero to 62 mph (100 kph) in 2.85 secs, and to 124 mph in 7.6 secs. Top speed is said to be 211 mph.
That’s fast, racetrack fast.
Ferrari achieved the performance statistics largely through weight reduction and improved aerodynamics borrowed from Ferrari’s F1, Challenge, GTE and FXX-K race cars. A full 198 pounds lighter than its predecessor, Pista is loaded with carbon fiber and other lightweight materials, and its driving dynamics have been improved by the altered aerodynamics. Ferrari promises its prospective owners that they will experience “race-like agility,” “instantaneous braking” and “confidence when at the limit.”
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 resistance at 175.00, and Key support is solid at 169.80, the stock has established strong long term support. The MACD is Very Bullish in here.
Ferrari finished at 173.26, +0.95 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 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 holiday weekend