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Ferrari's share price hits record high due to Hamilton's move to Maranello

Ferrari's stock reached a new record high on the New York Stock Exchange - the market capitalization is almost 70 billion dollars!

Ferrari stock rose today on the New York Stock Exchange by more than 10 percent and achieved a new record value, after the grid Motorsport Network, of which Motorsport-Total.com is a member, announced the news of the transfer Lewis Hamilton to Ferrari. Practically all the portals that cover Formula 1 announced this.

Currently waiting for official confirmation, so Ferrari feces Mercedesa and last but not least Hamilton, that in the 2025 season he will race in the red livery of the team from Maranella, where he will become a teammate Charles Leclerc. His current colleague Carlos Sainz but he will have to pack his bags. Mercedes team members this afternoon at a meeting in Brackley the team boss informed about it Toto wolff and technical director James allison. Mercedes will now have to consider how to compensate in the long term Hamilton, as they have obvious candidates such as Lando Norris in Leclerc, already long-term contracts with their employers.

By announcing that he is going to Ferrari in 2025, Lewis Hamilton set off a real bombshell in the Mercedes team and ensured that the shares of his future employer rose to a record level.

But the influence Hamilton's decisions is clear to the world: value Ferrari company increased by leaps and bounds at the opening of the New York Stock Exchange. After the stock closed at 346,78 USD, climbed to 384,00 USD and is expected to increase during the day. So the Ferrari is rated at $ 69,12 billion, well above the $62,4 billion the company was worth at the close of trading on Wednesday.

Lewis Hamilton, who won 6 of his seven Formula 1 championships with Mercedes, will become Charles Leclerc's teammate at Ferrari in the 2025 season.

An increase in the value of the company by approx $ 7 billion means great confidence in Ferrari decision to strive for Hamilton cooperation, and represents the highest share value of the Italian sports car manufacturer on the stock exchange NYSE. Current price Ferrari shares is well above the 12-month low of $ 252,17.

Although they are still smiling in the chat, Carlos Sainz, who was hoping for a contract extension, is probably not smiling anymore today.

It's last year Hamilton signed with Mercedes long-term contract for the years 2024 and 2025, but now it seems that she was the second season is only an option. Apparently Hamilton activated exit clause, which will allow him to fly 2025 join Ferrari as a replacement for Carlos Sainz, whose current contract expires this year. Hamilton's announcement followed remarkably positive data sports car manufacturer from Maranello. For good scope of orders revenues are expected to increase this year to approx 2,64 billion US dollars.

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