P1racenews AI automatic summary:
Ferrari market cap surges $7 billion amid Hamilton F1 bombshell
According to Autosport, Lewis Hamilton is expected to be announced as a Ferrari driver for the 2025 season after leaving Mercedes. The official announcement of his departure could be made as early as Thursday night. Mercedes staff were informed of the development in a meeting at the team’s factory in Brackley. It remains to be seen who will replace Hamilton at Mercedes, as potential candidates like Lando Norris and Charles Leclerc are already contracted to other teams. Hamilton’s move has had a significant impact on Ferrari’s company value, with their stock price soaring on the New York Stock Exchange. Lastly, Hamilton’s contract with Mercedes included an exit clause that he has activated to join Ferrari in 2025 as Carlos Sainz’s replacement.
