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Lewis Hamilton moves the needle in a big way.
On Thursday afternoon, Sky News reported that Hamilton would be leaving Mercedes and joining Ferrari in 2025.
“Lewis Hamilton is going to Ferrari for the 2025 season Mercedes employees in Brackley base in a meeting that is what’s happening…they’ve been told that Lewis Hamilton is leaving Mercedes at the end of the 2024 season.”
Mercedes employees in Brackley have been told that Lewis Hamilton will be leaving at the end of the 2024 season 🏎️
The seven-time world champion will join Ferrari for the 2025 season 👇 pic.twitter.com/oGJ8kK7Vt7
— Sky Sports News (@SkySportsNews) February 1, 2024
Immediately after the Lewis Hamilton news hit, Ferrari’s stock shot up to all-time highs.
.@Ferrari's U.S.-listed stock has hit an all-time high this morning after both reporting record profit for its road car division and amid news that @LewisHamilton is heading to Scuderia Ferrari. pic.twitter.com/GyWAIfy9nn
— Adam Stern (@A_S12) February 1, 2024
An hour after the news, Ferrari gained $10 billion in market cap just because of Hamilton.
Via Joe Pompliano
“Ferrari’s stock is up 10% today on the back of a positive earnings report and news that Lewis Hamilton is leaving Mercedes to join the company’s Formula 1 team.
This news has added $10 billion to Ferrari’s market cap — and the stock is now trading at an all-time high.”