1985 Ferrari Mondial Convertible Black With Tan. Best Color! Strong Running Car on 2040-cars

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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.

Ferrari 488 Spider configurator is just in time for summer

The weather is just starting to show signs of being nice enough for open-top driving, which makes it a perfect time to configure a Ferrari 488 Spider. The configurator lets you select every aspect of your future Ferrari, and that means this Prancing Horse will fully let you express your own personality. In this case, you can spec out the 488 Spider as a track monster with a plethora of carbon fiber parts, or if you want more of a grand tourer, there are options like electric seats and the choice to alter practically every part's color. Unfortunately, none of the selections come with a price, so there's no way to know how much the gold metallic paint for the brake calipers adds to the bottom line. It's fun to dream, though. Mechanically, the 488 Spider is identical to its coupe sibling. The engine is a 3.9-liter twin-turbo V8 with 661 horsepower and 560 pound-feet of torque. A seven-speed dual-clutch gearbox sends that muscle to the rear wheels. The droptop can reach 62 miles per hour in 3.2 seconds, just a few tenths off the coupe, and the Spider's top speed is 203 miles per hour. As for the final number for those who love tracking every bit of performance with a stopwatch: the roof hides away in a scant 14 seconds. Related Video:

Former Dolphin Richie Incognito takes a bat to his own Ferrari [w/video]

Richie Incognito, the former Miami Dolphin's offensive lineman, reportedly vandalized his own new Ferrari FF with a baseball bat on Wednesday, in a story that is just the latest bizarre event to befall the professional football player.
Initial reports indicated that Incognito's car was vandalized and, weirdly, covered in t-shirts bearing the player's name. Following those reports, though, Incognito then told police that he attacked the black FF, although we're still unsure as of why.
Incognito has been in the news of late, following reports from the Miami Dolphins regarding his hazing of teammate Jonathan Martin. As for the Ferrari, damage seems rather light considering it was attacked with a bat by a 320-pound NFL offensive lineman. There are some dings and dents in the hood, and there's a piece of bat lodged in the grille, but beyond that, it looks like this FF will live to drive another day. Scroll below to watch a brief video report on the supercar beatdown.