Ferrari shares slip as Vasseur defends F1 leadership

In remarks to Canal+ after the Malaysian Grand Prix, Vasseur said he does not use Instagram or X and avoids reading the press, but that negative reports still land hard inside the team. “The negative news about me, the team and everything else has a backlash on the morning of the 1,500 people who work with me,” he said, adding that it “harms the team’s results enormously.”

Vasseur also pushed back against the idea that Ferrari is a finished destination. “Winning at Ferrari is the Holy Grail,” he said, while stressing that the real prize is to win with Ferrari, not simply join it. He described the environment at Maranello as demanding but supportive, saying the factory crowd that gathers when Ferrari wins also turns up when it loses.

The comments come after fresh criticism of Ferrari’s strategy in Malaysia, where the team’s decision to start on dry-weather tyres on a heavily rain-soaked track drew backlash online. Lewis Hamilton still recovered to finish third, but the controversy added to the sense of pressure around a team that remains under the microscope whenever results disappoint.

For investors, the immediate issue is whether the off-track turbulence becomes a distraction from performance, or whether Ferrari can contain the speculation and preserve stability around Vasseur and the race program. Ferrari shares, which were last around $386.39, have slipped below the 50-day moving average and sit under recent technical support, with the relative strength index near 28 pointing to a weak short-term trend.

The wider message is that Ferrari’s racing narrative remains tightly tied to the equity story: the brand can absorb scrutiny, but only sustained on-track success eases the pressure. The next catalyst is whether Ferrari can answer the criticism with cleaner execution at the next Grand Prix and avoid letting the leadership noise linger.