Power Players is back to take a look under the hood of the business of Formula 1. >> Hi, I'm here to see PR Gastley. >> Welcome uh to my workplace.>> Do you feel pressure. >> Massive, massive pressure. >> Ferrari is the best example that we can be very proud of the past to look after the future.>> From the iconic brand setting the standard. >> Oh boy. Can you imagine Ferrari without racing.>> No. And I say, "No, no, no." >> To the newcomers forging ahead. >> I grew up my whole life racing against the boys.> ...

Core Viewpoint - Ferrari N.V. is set to release its financial results for the third quarter of 2025 on November 4, 2025, with a live audio webcast and conference call scheduled for the same day [1]. Group 1 - The financial results announcement will take place at 2:00 p.m. GMT / 3:00 p.m. CET / 9:00 a.m. EST on November 4, 2025 [1]. - Access to the presentation will be available in the Investors section of Ferrari's corporate website, and prior registration is required for the conference call [2]. - A replay of the conference call will be archived on Ferrari's corporate website for two weeks following the live session [2].

Core Insights - Ferrari is preparing for the electric vehicle (EV) era with the introduction of its first all-electric model, the Ferrari Electrica, set to launch in spring 2026 [1][2] - The Electrica will feature approximately 1,000 horsepower and accelerate from 0 to 60 mph in under 2.5 seconds, emphasizing performance [1] - The company is developing all EV technology in-house, including high voltage battery packs, axles, and inverters at a new facility in Maranello, Italy [2] Product Details - The Ferrari Electrica will be a four-door, four-seat model with a wheelbase of 116.5 inches and a weight just under 5,100 pounds [2] - Ferrari has stated that the Electrica is not a supercar and aims to be more practical than its SUV offerings, indicating a shift towards a more measured approach to electrification [2] Future Strategy - By 2030, Ferrari plans to have a lineup consisting of approximately 40% gasoline vehicles, 40% hybrids, and 20% electric vehicles, with another EV expected to be introduced before the decade ends [3] - The company describes this transition as a new chapter, highlighting that silence can still convey speed [3]

Core Insights - Ferrari N.V. has renewed its multi-year partnership with Bitdefender, a leader in cybersecurity [1] Company Summary - The partnership involves Ferrari's wholly-owned Italian subsidiary, Ferrari S.p.A. [1] - The collaboration aims to enhance cybersecurity measures for the company [1] Industry Context - The renewal of this partnership highlights the increasing importance of cybersecurity in the automotive industry, particularly for luxury brands like Ferrari [1]

Core Insights - Ferrari's luxury supercars are in high demand and highly profitable, with a stock increase of 578% over the past decade despite a recent dip following lower-than-expected 2030 guidance [1][11] Production and Exclusivity - Ferrari has increased production by 88% over the past 10 years while maintaining exclusivity, producing about 1,000 vehicles per model annually [3] - The limited availability of each model helps sustain high demand and allows for premium pricing [4] Product Mix and Innovation - The company has successfully developed hybrid vehicles, which accounted for 51% of sales in 2024, and will begin deliveries of its first electric vehicle next year [4][5] - Ferrari is navigating the challenges of the automotive market well by offering a mix of gasoline-powered supercars, hybrids, and soon, battery-powered sports cars [6] Financial Performance - Ferrari's operating margin is approximately 29%, significantly higher than many competitors in the industry [7] - Management projects that the operating margin will remain "at least 30%" by 2030 due to product mix, limited-edition models, and vehicle personalizations [9] - Earnings per share for the first half of the year were 4.68 euros ($5.42), reflecting a more than 10% increase from the previous year [10] Market Position - Despite a recent share price drop, Ferrari's stock has more than doubled over the past five years, outperforming the S&P 500's 86% gain [11] - The company is expected to continue driving demand while maintaining high operating margins, suggesting potential for long-term stock performance [11]

Market Overview - Major indices showed positive performance this week, with the Dow up 1.5%, NASDAQ up over 2%, and S&P 500 up 1.7% [1][2] - The Russell 2000 experienced a slight decline, contrasting with gains in other sectors [2][3] Sector Performance - Consumer staples reached a record high with Johnson & Johnson leading, while the XLP index rose 1.3% [2][3] - Other strong sectors included consumer discretionary and financials, while materials and utilities saw nominal declines [2] Company Highlights - American Express recorded a significant increase of 7% in one day and 16-17% year-to-date [3] - Gilead Sciences saw a 4% increase, while major tech stocks like Apple and Tesla also rose nearly 2% [3] Regional Banks - Recent earnings reports from regional banks showed optimism, easing credit fears that had previously led to a selloff [25][26] - Investors reacted positively to the strong credit results from several banks, despite earlier concerns stemming from credit issues linked to fraud allegations [25][28] Gold Market - Gold reached an all-time high, driven primarily by institutional buying rather than retail frenzy, indicating a shift in investor behavior [7][9] - Central banks are diversifying their reserves, contributing to gold's price increase, although potential risks exist if central banks alter their buying patterns [10][12] Technology Sector - The "Magnificent 7" tech companies account for about one-third of overall S&P 500 capital expenditures, raising concerns about their influence on the market [38] - Free cash flow growth for these companies has shifted from over 60% positive to slight negative territory, indicating a potential slowdown [40] Economic Indicators - The upcoming Consumer Price Index (CPI) report is anticipated to show an acceleration to 3.1% compared to August, providing insights ahead of the Federal Reserve's meeting [55][56] - Tesla's third-quarter earnings report is highly anticipated, with expectations of strong profits due to increased demand before the expiration of the EV tax credit [57]

Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is launching its inaugural Las Vegas Auction on October 31, featuring a selection of high-value collector cars and memorabilia [1][2][3] Auction Details - The auction will showcase 68 collector cars and two Formula One memorabilia lots, held at the Wynn Las Vegas [2] - The event is part of the Concours at Wynn Las Vegas, creating a weekend dedicated to car enthusiasts [2] Featured Cars - The auction is headlined by a 2010 Bugatti Veyron EB 16.4 Coupe, estimated between $1.5 million and $1.8 million, and a 1962 Mercedes-Benz 300 SL Roadster, estimated between $1.45 million and $1.6 million [3][4] - The Bugatti Veyron is one of only 252 original units, with a low mileage of 6,515 miles [3] - The Mercedes-Benz 300 SL Roadster is one of approximately 270 units with original features and has been recently serviced [3] Additional Highlights - The auction includes notable collections such as the Lone Star Sports Car Collection, featuring a 1963 Maserati 3500 GTI Vignale Spyder Prototype estimated at $475,000 to $575,000 [5] - The Cobalt Collection features modern performance cars, including a 2001 BMW Z8 estimated at $275,000 to $325,000 [6][9] Modern Collectibles - High-performance modern cars include two Mercedes-Benz McLaren SLRs, with estimates of $850,000 to $950,000 for a 2009 Roadster and $600,000 to $700,000 for a 2006 Coupe [11][12] - A 2023 Ferrari 296 GTS Assetto Fiorano is also featured, estimated at $400,000 to $450,000 [13] Event Logistics - The auction is scheduled for October 31 at 3:00 PM PDT, with previews on October 30 and 31 [13][14] - Interested bidders can register and view the complete digital catalog online [14]

Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is set to host its inaugural Las Vegas Auction on October 31, 2025, in partnership with Concours at Wynn Las Vegas, featuring a complete digital catalog of collector cars and memorabilia [1][2]. Auction Details - The auction will showcase 68 collector cars and two Formula One memorabilia lots, held in the Bandol 1 Room at Wynn Las Vegas, with cars displayed at the Wynn Golf Club [2]. - The event is part of the Concours at Wynn Las Vegas, providing a weekend of activities for car enthusiasts [2]. Featured Cars - The auction highlights include a 2010 Bugatti Veyron EB 16.4 Coupe, estimated between $1,500,000 and $1,800,000, and a 1962 Mercedes-Benz 300 SL Roadster, estimated between $1,450,000 and $1,600,000 [3]. - The Bugatti Veyron is one of only 252 original Coupes, with a low mileage of 6,515 miles, while the 300 SL Roadster retains its original components and is presented in its original colors [3]. Additional Collections - The auction will feature the Lone Star Sports Car Collection, which includes notable models such as a 1963 Maserati 3500 GTI Vignale Spyder Prototype (Estimate: $475,000 - $575,000) and a 1959 BMW 503 Series II Cabriolet (Estimate: $425,000 - $475,000) [5]. - The Cobalt Collection will also be present, featuring performance cars like a 2001 BMW Z8 (Estimate: $275,000 - $325,000) and a 2013 Dodge SRT Viper GTS Launch Edition (Estimate: $160,000 - $200,000) [6]. Modern Collectibles - The auction includes high-performance modern collectibles such as a 2009 Mercedes-Benz SLR McLaren Roadster 722 S (Estimate: $850,000 - $950,000) and a 2006 Mercedes-Benz SLR McLaren Coupe by MSO (Estimate: $600,000 - $700,000) [8][9]. - Additional modern collectibles include a 2023 Ferrari 296 GTS Assetto Fiorano (Estimate: $400,000 - $450,000) [10]. Event Schedule - The Las Vegas Auction is scheduled for October 31 at 3:00 PM PDT, with previews on October 30 and 31 [10].

Continental is to publish third-quarter figures on Nov. 6 and said it expects its adjusted earnings before interest and taxes margin at around 11.4%, above a consensus forecast. ...

Core Viewpoint - Ferrari's stock price has entered a bear market, declining over 25% from its peak in July, currently trading at $392 and resulting in a market capitalization of $94 billion [1] Group 1 - The stock price of Ferrari has dropped significantly, indicating a bearish trend in the market [1] - The decline in stock price has led to a market capitalization reduction to $94 billion [1]