Does Elon Musk still own his F1?
Elon Musk owned his McLaren F1 until 2007, when he sold it at profit, despite the accident. While Elon loved McLaren F1, as he started Tesla and began innovating the electric supercar segment, he felt that he needed to let go of his collection of cars with combustion engines in order to maintain brand image continuity. F1’s Current Technology Focus: Musk is a proponent of fully electric vehicles, and Tesla has focused exclusively on EVs. F1 still relies on hybrid engines with internal combustion, which may not align with Musk’s long-term vision for sustainable transport.
How much is a Mercedes-AMG F1 worth?
Every Formula One outfit is now worth more than US$1 billion as team valuations hit an average of US$2. Sportico’s latest rankings. Ferrari lead the way with a valuation of US$4. Mercedes at US$3. Red Bull round out the top three at US$3. The partnership, which began upon Mercedes’ entry into Formula One in 2010, will also expand to include a greater focus on new sustainable technology solutions beyond the racetrack. It has been previously reported by Forbes that the agreement is worth US$75 million.Toto Wolff’s vast personal fortune is even larger than Lewis Hamilton’s. The Mercedes team principal was worth $1. April 2024, Forbes report. He officially became a billionaire a year earlier. Whereas Forbes report the driver is worth £300m.
Who is replacing Mercedes F1?
Mercedes have signed rookie Kimi Antonelli as George Russell’s team mate for 2025, with the Italian stepping up from F2 to replace Lewis Hamilton. Andrea Kimi Antonelli is a name you will be hearing a lot more after Mercedes made the bold decision to sign him as Lewis Hamilton’s replacement for 2025. As Hamilton joins Ferrari next year, Italian teenager Antonelli will make his F1 debut with one of the sport’s biggest teams as team-mate to George Russell.Andrea Kimi Antonelli: Italian teenager replaces Lewis Hamilton at Mercedes for 2025 season – BBC Sport.