360 Modena F1 Warning Light Flashes

I am a new 360 owner and am just getting used to the car. Its an 03 with a Tubi exhaust. I have noticed that the warning display flashes red but it is so fast I can't tell what it is warning me about. The flashes are intermittent and in all driving conditions ie cruising or a little harder. I suspect it is just some sensor issue rather than a real system problem. Anyone else experienced this or have any thoughts.
BTW I had a problem that other owners should be aware of when I picked it up. It had a new key cut, one side of the key was slightly out. When inserted one way into the ignition the barrel stuck with the starter motor(PIII?) engaged. You cannot hear this as the teeth are engaged so don't get that noise on trying to start an already running engine. You do hear the starter motor when it heats up and is about to fry itself. I was in a major intersection at rush hour so had to get through before shutdown. Too late and a fried starter motor(complete with smoke) later I sat there with guys taking photos. Be careful of new keys! Ferrari dealer fixed it as I was only three hours into my ownership. Excellent service from them.