Ferrrari (NYSE: RACE) reported Quarter 1 earnings for 2021 on Tuesday, May 4th. While the launch of 15 Ferrari models over the next two years will not be disrupted due to the pandemic, they face a bigger competitor which affects their long-term value. Current Chairman and Interim CEO, John Elkann, disclose some of the conversations that Ferrari and Formula 1 are having that will potentially make changes to Formula 1 and hence, Ferrari's production line.
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