Ferrari’s share price rises by $7 billion after Lewis Hamilton transfer news

Ferrari’s share price rises by $7 billion after Lewis Hamilton transfer news

Lewis Hamilton with his Ferrari LaFerrari (via PlanetF1).

Lewis Hamilton could soon be racing for Scuderia Ferrari. The seven-time world champion will reportedly race in red in 2025 after ditching Mercedes. Although there has been no official confirmation about this switch, it is believed to be a done deal. Now, Ferrari has received the massive financial benefit of having Hamilton in their team.

The Ferrari NV stock has skyrocketed in value since reports emerged about Lewis Hamilton’s move. The share saw an increase of almost $7 billion in just a couple of hours. This has brought the overall valuation of the Italian automaker to a staggering $66 billion.

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Certainly, Hamilton is perhaps the biggest name in the world of motorsport. Former Red Bull driver Karun Chandhok labeled this rise in Ferrari share price as “The power of the Lewis Hamilton brand” on X. It is no surprise that investors would be delighted to have F1’s greatest driver race for Maranello as early as 2025.

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Lewis Hamilton is ready to join Ferrari

Lewis Hamilton has spent his entire F1 career in just two teams, McLaren and Mercedes. The British driver became synonymous with both teams during his respective stints. However, many believed that Hamilton would retire from Formula 1 while racing for the Silver Arrows. As the 39-year-old achieved historic success with the Brackley-based team.

Lewis Hamilton signing autographs amidst a Ferrari flag
Lewis Hamilton signing autographs amidst a Ferrari flag (Via F1)

It seems that Hamilton had a different plan for his future. The seven-time world champion was growing frustrated with Mercedes’ struggles in the past couple of seasons. Perhaps, Hamilton was not happy with the team’s progress over the winter and wanted to take on a new challenge. Ferrari was certainly the best opportunity for the 39-year-old due to the team’s racing legacy. The seven-time world champion could even join Ferrari in the upcoming season.

Certainly, Lewis Hamilton and Ferrari would be one of the most iconic pairs in the history of motorsport. Hamilton is the most successful driver in F1 with the Scuderia being the most successful team in the sport’s history. However, fans will need to wait till there is an official announcement about this move in the coming days.

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