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Ferrari F40 GT goes all Farmkhana for Tax the Rich

Tax the Rich has thrown a number of Ferrari supercars around the farm in bouts of eyebrow-raising madness. It's featured a 288 GTO, a couple of F50s, even an Enzo. All it was missing was an F40, but its latest video installment corrects that in spectacular style. The self-styled Farmkhana gurus haven't just brought out any old F40 for this video, but a competition-spec F40 GT – and one with considerable pedigree. Chassis number 74047 was the sixth of only seven built, showcased after its construction at the 1987 Frankfurt Motor Show and converted to racing specification by Michelotto in 1991. The factory's racing partner managed to squeeze a massive 590 horsepower out of it, dropped the suspension, upgraded the brakes, and generally turned the beast way up past eleven. Privateer racer Luca Sartori campaigned it in the Italian GT Championship in the early '90s, winning races at Imola, Monza, and Mugello. The long and short of it is that this is a rather spectacular supercar, even among the rarified breed of F40 racecars. Which only makes it that much more shocking to see what they've done with it in this video. We'll let you watch the two-minute clip yourself to see how it unfolds, but suffice it to say it does not end well. Or at least that's what we're lead to believe.

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.

Ferrari names new F1 car F138

Don't call it the F150. Ferrari has officially announced it will name its newest Formula One car the F138. The machine is the 59th car Ferrari has built to compete in F1, and it's also the last of the company's F1 efforts to rely on a high-strung V8 for propulsion. F1 rules have changed for next year, forcing competitors to use smaller cylinder counts to get around the track. Ferrari has already said it will use a 1.6-liter turbocharged V6 to do its dirty work. That moves brings an end to the eight-year reign the V8 enjoyed.
Ferrari isn't saying much more about the 2013 car, and the only image we have to go on at the moment is the logo you see above. Stay tuned for more information, and in the interim, be sure to check out the painfully brief press release below.