Lewis Hamilton left the world of Formula 1 in shock as the rumors of his move to Ferrari in 2025 were confirmed earlier today. The 38-year-old had become synonymous with the Mercedes brand, winning 6 world championships in the Brackley-based outfit. The current situation will turn out to be an enormous blow for Mercedes, not only in terms of having to find a worthy replacement for Hamilton but also with the popularity of the team. On the other side, Ferrari has everything to gain from this move. Ferrari’s stock has already gone up by over 10% boosting the valuation of the Italian manufacturer.

Charles Leclerc recently committed to a long-term deal with Ferrari. However, the lack of a contract extension for Carlos Sainz was somewhat puzzling for the F1 fans. Well, now we know why Ferrari was not eager to sign the deal with the Spaniard, as negotiations with Lewis Hamilton were going on behind the scenes. Ferrari has finally managed to secure the services of Hamilton, something they have wanted to do for a long time now.

Ferrari’s stock price gets a massive boost as Lewis Hamilton is confirmed to partner Leclerc in 2025

Hamilton’s contract extension with Mercedes, initially thought to cover the 2024 and 2025 seasons, might turn out to be just a one-plus-one deal after all, allowing an exit clause at the end of the first term, potentially after the 2024 season. He must have planned it so that in case Mercedes fails to deliver yet again in 2024, he could switch to a more competitive team, which Ferrari definitely is.

With the arrival of the ground effect era in 2022, Red Bull and Ferrari were the only two teams who had gotten the regulations right. However, Ferrari lacked the finesse when it came to delivering flawless performance week in and week out costing Leclerc the chance to put up a proper title fight with Max Verstappen. All that improved in 2023, but still the Maranello-based squad was far from executing ideal weekends. Now, with the experience and quality of Lewis Hamilton at their side, and a new car that promises to be better than the 2023 challenger in almost all aspects, Ferrari will now want to return to their glory days.

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Ferrari is already beginning to reap the reward of signing the 7-time world champion. As soon as the market opened, the Ferrari stock got a boost of more than 10% in the first few minutes, which was already showing to be more than 7% premarket. This turns out to be an increase of $6 billion for the Italian manufacturer’s worth.

Watch This Story | Lewis Hamilton Exposing Mercedes’ Mistake Termed a Blessing in Disguise After Miraculous Turnaround

However, this is not the first time Ferrari has seen a movement in the stock as they undergo a change in their driver lineup.

Sebastian Vettel’s departure caused a 4.5% drop in Ferrari stock in 2020

The announcement of Sebastian Vettel‘s departure from Ferrari, marking the end of a 6-year journey, triggered a notable response in the financial realm. As reported by FormulaMoney, it led to a 4.5% drop in F1’s share prices. These financial movements reflect the nuanced connection between driver changes and the economic dynamics of Formula 1.

Despite a recovery of 3% after signing Carlos Sainz for 2021 and beyond, the team suffered a staggering $90 million loss for Formula 1. The correlation between driver movements and the financial side of Formula 1 raises concerns about the vulnerability of the sport when faced with unsuspected external factors.

READ MORE: “I Am a Much Happier Person Than Then”: Lewis Hamilton Makes Blunt Confession About His Mentality When He Entered Into F1 as a 22-Year-Old Kid

Do you think Lewis Hamilton will finally be able to fight for his 8th championship with Ferrari? Let us know your thoughts in the comments down below.