The Lewis Hamilton Ferrari Transfer: Stock Market Sensation and Formula 1 Drama

2024-02-02 11:16:56

What came as a surprise to the Formula 1 world was also a sensation on the stock market: the hammer change of star driver Lewis Hamilton (39) to Ferrari caused a share explosion!

After the first transfer rumors became known on Thursday afternoon, Ferrari’s shares rose to a new record high: By the time the official confirmation was made in the evening, the shares had soared by more than twelve percent to 359.80 euros. Ferrari notes have never been worth this much!

Hamilton provides great hope

With the seven-time world champion in the cockpit, the stock exchangers are apparently hoping for new successes for the Italian Formula 1 team. Hamilton will drive for Scuderia from 2025.

Certainly also crucial: Hamilton is considered an advertising magnet – and could bring Ferrari new, lucrative sponsors. Because: The Brit also secures pole position on Instagram by a long way. There he has an incredible 35.8 million followers.

For comparison: His new future Ferrari team partner Charles Leclerc (26) is in second place, but only has 13.5 million Instagram fans.

Hamilton said emotionally on Thursday: “I grew up with Mercedes, so leaving them was one of the hardest decisions I’ve ever had to make. But the time is ripe for me to take this step and I’m looking forward to taking on a new challenge.”

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It is not uncommon for Formula 1 to cause turbulence on the stock market. At the beginning of last season, Aston Martin’s shares were up. After veteran Fernando Alonso (42) surprisingly raced onto the podium in his first race for the British in Bahrain, the car manufacturer’s banknotes shot up by 16 percent.

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Alonso ultimately finished the season in fourth place – well ahead of his teammate Lance Stroll (25th, tenth place).

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