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Ferrari, not Tesla, might be the stock to buy

Last week Tesla's earnings – or lack thereof – were one of the big stories in the auto industry. As usual, the electric carmaker didn't make money, but the news sent the market, analysts, and Tesla's devoted fans into a lather. But another company, this plucky upstart called Ferrari, also attracted a positive reaction from the market and actually had the financials to back it up. Ferrari posted net revenues of $898 million (at today's exchange rates) EBITDA of $265 million (a slightly complicated way to snapshot financial performance) and an adjusted net profit of $136 million in the first quarter. The company delivered 2,003 cars, and sales of its V12 models increased 50 percent. It quietly made progress nearly a year and a half into its life as an independent automaker. For 2017, Ferrari expects to deliver 8,400 cars and rake in net revenue of $3.6 billion. No one thought Ferrari would flounder when Fiat Chrysler Automobiles spun it off in fall 2015. With a rich history, expensive products, and its own loyal fan base that's arguably even larger than Tesla's, the company seemed poised for success, though skeptics wondered how it might fare after longtime chief Luca di Montezemolo stepped down before the spinoff. Plus, the company remains within the FCA sphere, as its key stakeholders are largely connected to its former parent in some way, and Chairman Sergio Marchionne also steers FCA. Last week's results showed Ferrari is gaining footing in the evolving automotive world, and analysts responded. UBS analyst Michael Binetti reiterated Ferrari stock (RACE on the NYSE) as buy status and raised his target price from $85 to $92. Morgan Stanley's Adam Jonas was even more bullish, raising projections to $100 in the next 12 months. Shares were trading around $82 Monday morning. Both analysts viewed Ferrari as something different than a conventional automaker stock, with Binetti comparing it to luxury house Hermes, which produces high margins even for a specialty goods maker. Jonas suggested Ferrari's singular reputation and history (16 Formula One Constructors titles, the most ever) could insulate its products when autonomous and electric cars become even more commonplace. "In our view, a Ferrari is not transportation," he wrote in a note to clients. "Ownership is viewed as an exclusive club, and membership requires more than just money.

This Ferrari themed roller coaster is the fastest in the world

Ferrari's first and only theme park is located in Abu Dhabi. It's home to the Formula Rossa coaster which goes from 0 to 60 mph in 2 seconds. Learn more here. Transcript: Ferrari World is home to Formula Rossa. Ferrari's first and only theme park is located in Abu Dhabi. Formula Rossa holds the title for the world's fastest roller coaster. The coaster goes from 0 to 60 mph in 2 seconds. With a top speed of 149 mph. Riders must wear protective glasses to ride this ride because of the speed and Abu Dhabi sand. This roller coaster is said to emulate "the thrilling sensation of being in a Ferrari F1 car". Intamin, the manufacturer for Formula Rossa, built all 3 of the world's fastest roller coasters. Would you prefer a ride in the coaster or the car? Ferrari Autoblog Minute Videos Original Video world record fast

Ferrari SUV officially being considered

A new report from Bloomberg seems to confirm that Ferrari is very seriously looking at creating some type of SUV. The news outlet reports that CEO Sergio Marchionne said the sports car builder will come to a final decision on the crossover in 30 months. This of course means that actual production will be several years off, if it happens at all. He also referred to the hypothetical crossover as an "FUV," which we assume means something like Ferrari Utility Vehicle or Fast Utility Vehicle. We doubt it's something offensive, but Marchionne has been quoted as preferring to be shot than have Ferrari build an SUV. If we had to guess whether Ferrari will build an SUV, we would go with, yes. Both Car Magazine and Bloomberg have reported that the company is in the early development phase of some utility vehicle. Both sources also mention similar details such as the fact that it will be based on the all-wheel-drive GTC4 Lusso platform and that there will be a hybrid powertrain option. Adding an SUV of some sort to the Ferrari line-up could also provide an opportunity to score a healthy number of sales and grow the company. According to Bloomberg, Marchionne said any sales expansion would have to be balanced with maintaining some exclusivity. But even if Ferrari sold just 2,000 units a year, as mentioned in a previous report, that would still be a 25-percent increase over the roughly 8,000 cars Ferrari sold in 2016. That number of vehicles would also keep Ferrari close to the 10,000-vehicle-per-year target Marchionne proposed a couple of years ago. Besides the chance for growth, building a Ferrari SUV would also keep the company in direct competition with other sports car builders planning their own utilities. Aston Martin will begin producing its DBX crossover sometime in 2019 and Lamborghini will reveal its production Urus SUV in December. Related Video: Featured Gallery Ferrari GTC4Lusso T: Paris 2016 View 17 Photos News Source: BloombergImage Credit: Drew Phillips Ferrari Crossover SUV Future Vehicles Performance Sergio Marchionne