1
00:00:00,040 --> 00:00:01,600
Speaker 1: All right, Joel Larsgard.

2
00:00:01,880 --> 00:00:04,720
Speaker 2: Every Thursday we have Joel aboard Joel, who is host

3
00:00:04,720 --> 00:00:09,080
Speaker 2: of How to Money Sunday's twelve to two pm here

4
00:00:09,200 --> 00:00:13,560
Speaker 2: on KFI. His social addresses at how to Money Joel,

5
00:00:14,080 --> 00:00:17,599
Speaker 2: and you can go to his website Howtomoney dot com.

6
00:00:17,960 --> 00:00:21,800
Speaker 1: Joel. Good morning, morning, Bill. All Right, let's start right

7
00:00:21,840 --> 00:00:22,440
Speaker 1: off the bat.

8
00:00:22,480 --> 00:00:25,360
Speaker 2: And this is a story that I want to share,

9
00:00:25,920 --> 00:00:29,800
Speaker 2: and that is that I am going on vacation coming

10
00:00:29,880 --> 00:00:34,199
Speaker 2: up end of September beginning of October. And it is

11
00:00:35,600 --> 00:00:38,239
Speaker 2: basically it's a bucket lists vacation for me.

12
00:00:38,320 --> 00:00:40,520
Speaker 1: It's one of those that you do once at a lifetime.

13
00:00:40,880 --> 00:00:45,279
Speaker 2: And therein leads to the story about how even with

14
00:00:45,400 --> 00:00:49,560
Speaker 2: this economic crisis, we're looking at Americans, we're just not

15
00:00:49,680 --> 00:00:51,080
Speaker 2: reducing our travel budgets.

16
00:00:51,520 --> 00:00:52,400
Speaker 1: Let's come in on that.

17
00:00:52,880 --> 00:00:55,960
Speaker 3: Yeah, I mean, it's interesting to see what stays and

18
00:00:56,000 --> 00:00:59,200
Speaker 3: what goes right when harder economic times hit. And I've

19
00:00:59,360 --> 00:01:02,440
Speaker 3: for so much many years talked about the value in

20
00:01:03,000 --> 00:01:05,640
Speaker 3: what I call a bare bones budget, and that everybody

21
00:01:05,640 --> 00:01:08,360
Speaker 3: should essentially create a barbones budget, which means, like, what

22
00:01:08,480 --> 00:01:11,840
Speaker 3: could I get away with the most essential things in

23
00:01:11,840 --> 00:01:15,560
Speaker 3: my life? What can I jettison in the event that

24
00:01:15,600 --> 00:01:18,160
Speaker 3: I lost my job or I just had to cut

25
00:01:18,200 --> 00:01:22,760
Speaker 3: back for other reasons because took on new expenses. It's

26
00:01:22,800 --> 00:01:25,479
Speaker 3: just such a good exercise to say, to just get

27
00:01:25,480 --> 00:01:28,280
Speaker 3: a good look at what you're spending on and what

28
00:01:28,319 --> 00:01:33,479
Speaker 3: you prioritize. Well, it's interesting Americans, even when times get

29
00:01:33,520 --> 00:01:35,679
Speaker 3: a little bit tougher, travel seems to be one of

30
00:01:35,680 --> 00:01:39,920
Speaker 3: those things that stays on that barebones budget even if

31
00:01:40,440 --> 00:01:43,559
Speaker 3: other things fall away. And so there was a study

32
00:01:43,560 --> 00:01:45,520
Speaker 3: and it said something like that, like over fifty percent

33
00:01:45,520 --> 00:01:49,520
Speaker 3: of Americans have will cut back meaningfully in every other

34
00:01:49,560 --> 00:01:51,960
Speaker 3: area of their life in order to keep that travel

35
00:01:52,000 --> 00:01:54,360
Speaker 3: budget in tact. So travel is just one of those

36
00:01:54,400 --> 00:01:57,480
Speaker 3: super sticky things that people aren't willing to budge on,

37
00:01:57,560 --> 00:02:00,400
Speaker 3: and they're going to keep spending on even if you

38
00:02:00,400 --> 00:02:02,640
Speaker 3: know their finances aren't looking rosy right now.

39
00:02:02,640 --> 00:02:08,040
Speaker 2: Travel exploded right after COVID because everybody was we were

40
00:02:08,080 --> 00:02:10,520
Speaker 2: hold up in our homes and any travel budgets we

41
00:02:10,639 --> 00:02:13,519
Speaker 2: had were immediately canceled and put on hold. So you

42
00:02:13,520 --> 00:02:16,520
Speaker 2: can understand the pent up demand, but it keeps on

43
00:02:16,600 --> 00:02:18,359
Speaker 2: going in I'm trying to figure out I've always thought,

44
00:02:18,720 --> 00:02:21,520
Speaker 2: try to figure out why, And that's because travel is

45
00:02:21,560 --> 00:02:26,040
Speaker 2: an experience that you don't forget. Now, have I forgotten

46
00:02:26,200 --> 00:02:29,400
Speaker 2: the pasta dinner I had a week ago, Yeah, that's

47
00:02:29,480 --> 00:02:34,120
Speaker 2: not particularly important to me. Where a trip that I

48
00:02:34,200 --> 00:02:37,040
Speaker 2: took a year ago to Hawaii, for example, that stays

49
00:02:37,080 --> 00:02:37,840
Speaker 2: with me forever.

50
00:02:38,240 --> 00:02:40,000
Speaker 1: And I think that has a lot to do with it.

51
00:02:42,360 --> 00:02:46,320
Speaker 3: And the author and investor Bill Perkins, he talks about

52
00:02:46,320 --> 00:02:48,480
Speaker 3: this as the concept of memory dividends.

53
00:02:48,639 --> 00:02:50,160
Speaker 1: And when you look.

54
00:02:50,000 --> 00:02:52,160
Speaker 3: At the statistics around travel or some of the data

55
00:02:52,200 --> 00:02:55,680
Speaker 3: around travel, the reason it's so valuable to people is

56
00:02:55,680 --> 00:02:58,280
Speaker 3: because it's part of It's just a planning process. Right Like,

57
00:02:58,360 --> 00:03:00,840
Speaker 3: let's say you're traveling. You said you're traveling later this fall.

58
00:03:01,160 --> 00:03:03,200
Speaker 3: You're already talking about it, you're already thinking about it,

59
00:03:03,200 --> 00:03:06,919
Speaker 3: you're already booking places, and so you have this six

60
00:03:07,040 --> 00:03:10,679
Speaker 3: eight months worth of build up in anticipation, and then

61
00:03:10,760 --> 00:03:12,240
Speaker 3: you go on the trip and the trip's awesome and

62
00:03:12,240 --> 00:03:14,120
Speaker 3: you take pictures and stuff like that, but then you

63
00:03:14,200 --> 00:03:16,880
Speaker 3: have this memory dividend on the backside of that trip

64
00:03:16,919 --> 00:03:19,280
Speaker 3: as well that you get to you know, you get

65
00:03:19,280 --> 00:03:21,520
Speaker 3: to talk with friends and family about and relive those

66
00:03:21,520 --> 00:03:24,160
Speaker 3: memories for many, many years to come as well, and

67
00:03:24,200 --> 00:03:26,919
Speaker 3: so I think that is why travel is such a

68
00:03:27,000 --> 00:03:30,799
Speaker 3: sticky thing and why people are reticent to cut back

69
00:03:30,840 --> 00:03:34,760
Speaker 3: on their travel spending. I will say this that sometimes

70
00:03:35,640 --> 00:03:39,800
Speaker 3: you don't necessarily have to go to Japan or to

71
00:03:39,960 --> 00:03:44,520
Speaker 3: Europe or make it some epic vacation that costs tons

72
00:03:44,520 --> 00:03:47,120
Speaker 3: of money in order to get that bang for your buck.

73
00:03:47,200 --> 00:03:50,200
Speaker 3: So if money is tight and travel is still a priority,

74
00:03:50,400 --> 00:03:52,880
Speaker 3: there are ways I think to kind of reduce your

75
00:03:52,880 --> 00:03:55,160
Speaker 3: spending so that you're not let's say, going into debt

76
00:03:55,200 --> 00:03:57,480
Speaker 3: for that travel, but that you're still getting that experience

77
00:03:57,480 --> 00:03:58,440
Speaker 3: and the memory dividend.

78
00:03:58,840 --> 00:04:00,480
Speaker 2: Yeah, well, I'm one to and we I was talking

79
00:04:00,480 --> 00:04:04,480
Speaker 2: to Lindsay about this. One of the places that I

80
00:04:04,600 --> 00:04:09,040
Speaker 2: considered was Mexico. I'm a huge fan of diarrhea, and

81
00:04:09,080 --> 00:04:13,600
Speaker 2: so I was. We looked at Mexico and the price

82
00:04:13,760 --> 00:04:17,320
Speaker 2: was far better. But you know, again, I've been to

83
00:04:17,520 --> 00:04:20,559
Speaker 2: Mexico a few times, and so going to places where

84
00:04:20,600 --> 00:04:23,760
Speaker 2: I haven't been before, but you know, prices, I mean,

85
00:04:23,800 --> 00:04:29,359
Speaker 2: we look at prices because my income has dropped like

86
00:04:29,920 --> 00:04:32,680
Speaker 2: many people, you know, over the course of the years,

87
00:04:32,720 --> 00:04:35,480
Speaker 2: and people go, oh, you're a radio talk show host. Yeah,

88
00:04:35,520 --> 00:04:39,279
Speaker 2: I have a contract, and my contract is less than

89
00:04:39,400 --> 00:04:43,600
Speaker 2: it was four or five years ago because of the economy,

90
00:04:43,600 --> 00:04:45,599
Speaker 2: because of the way what radio is doing, and it

91
00:04:45,640 --> 00:04:51,200
Speaker 2: goes to streaming and podcasting, so I pay attention. Just

92
00:04:51,520 --> 00:04:54,400
Speaker 2: by the way, just a quick word, if you do

93
00:04:54,560 --> 00:04:58,160
Speaker 2: go to Mexico, really stuck up on the pepto bismol.

94
00:04:58,640 --> 00:05:02,320
Speaker 2: That's just advice from a a traveler who is very

95
00:05:02,320 --> 00:05:03,160
Speaker 2: well experienced.

96
00:05:04,120 --> 00:05:05,720
Speaker 3: You love Mexico, It's a great place to visit.

97
00:05:06,120 --> 00:05:08,320
Speaker 2: It is no, it is Mexico is kind of neat,

98
00:05:08,400 --> 00:05:12,000
Speaker 2: especially those street tacos that are made out of insert

99
00:05:12,080 --> 00:05:13,560
Speaker 2: name of meat here.

100
00:05:14,040 --> 00:05:14,880
Speaker 1: Okay, Joel.

101
00:05:15,360 --> 00:05:19,680
Speaker 2: Moving on to EV's and Chinese EV's.

102
00:05:20,279 --> 00:05:23,919
Speaker 1: Now, I have an EV. I have a Beamer and

103
00:05:23,960 --> 00:05:24,440
Speaker 1: it's great.

104
00:05:24,600 --> 00:05:27,479
Speaker 2: I mean it's you know, impressive, and I like it

105
00:05:27,560 --> 00:05:31,640
Speaker 2: and it works just fine. I'm not keeping the EV

106
00:05:32,720 --> 00:05:34,880
Speaker 2: my leases up. I have a lease this time around,

107
00:05:35,160 --> 00:05:37,280
Speaker 2: and I'm going to go into an American car, either

108
00:05:37,279 --> 00:05:40,719
Speaker 2: a hybrid or a gas power car, because there aren't

109
00:05:40,839 --> 00:05:44,960
Speaker 2: enough charging stations out there, and I have range anxiety.

110
00:05:45,880 --> 00:05:50,120
Speaker 2: On top of that, I don't understand charging stations that

111
00:05:50,279 --> 00:05:55,680
Speaker 2: aren't all superchargers where they have regular charging, you know,

112
00:05:56,040 --> 00:05:58,200
Speaker 2: ports there that take you hours to charge.

113
00:05:58,200 --> 00:05:59,720
Speaker 1: So I just don't think that I.

114
00:05:59,680 --> 00:06:01,600
Speaker 2: Know, I'm I just don't understand who's going to sit

115
00:06:01,680 --> 00:06:04,760
Speaker 2: around for two hours three hours. But the story is

116
00:06:04,839 --> 00:06:07,919
Speaker 2: about Chinese evs, which we don't have here in this

117
00:06:08,040 --> 00:06:09,599
Speaker 2: country because of the tariffs.

118
00:06:09,880 --> 00:06:10,080
Speaker 1: Right.

119
00:06:10,600 --> 00:06:15,799
Speaker 2: But the Chinese, well, I mean they've blown past everyone

120
00:06:15,839 --> 00:06:20,919
Speaker 2: with their EV technology. Well, yes, some Chinese EV manufacturers.

121
00:06:20,920 --> 00:06:23,719
Speaker 2: There are dozens of them, and there are a few

122
00:06:23,760 --> 00:06:26,279
Speaker 2: in particular that seem to be jumping ahead in terms

123
00:06:26,279 --> 00:06:29,799
Speaker 2: of technology and building a car that people are really

124
00:06:29,839 --> 00:06:30,680
Speaker 2: excited about.

125
00:06:31,040 --> 00:06:34,120
Speaker 3: Right, So, I don't know how closely you've been following

126
00:06:34,279 --> 00:06:38,960
Speaker 3: the trend and the American reviewers getting their hands on

127
00:06:38,960 --> 00:06:41,480
Speaker 3: on like a show me in particular, they're like forty

128
00:06:41,520 --> 00:06:44,919
Speaker 3: thousand dollars sports car. But this guy Marky's Brownlee, who's

129
00:06:44,960 --> 00:06:47,760
Speaker 3: like one of the top tech reviewers on YouTube, he

130
00:06:47,800 --> 00:06:49,320
Speaker 3: got to try one out and he's like in love

131
00:06:49,360 --> 00:06:53,240
Speaker 3: with it, like in in love. And Joanna Stearn from

132
00:06:53,279 --> 00:06:55,440
Speaker 3: the tech writer for the Wall Street Journal, same thing.

133
00:06:55,560 --> 00:06:58,080
Speaker 3: She had the same experience where she's like she got

134
00:06:58,080 --> 00:06:59,520
Speaker 3: to test drive the car for a couple of days

135
00:06:59,560 --> 00:07:03,000
Speaker 3: and she's like lamenting its loss now because she doesn't

136
00:07:03,000 --> 00:07:06,000
Speaker 3: get to keep it. And it's kind of crazy when

137
00:07:06,080 --> 00:07:08,359
Speaker 3: you look at how good that show me has gotten.

138
00:07:08,400 --> 00:07:10,440
Speaker 3: When you're reading those reviews watching the videos, you're like,

139
00:07:10,480 --> 00:07:13,480
Speaker 3: oh my gosh, these are insanely good cars for forty

140
00:07:13,520 --> 00:07:14,120
Speaker 3: thousand dollars?

141
00:07:14,320 --> 00:07:14,520
Speaker 1: Are they?

142
00:07:15,080 --> 00:07:17,720
Speaker 3: How are they able to pull this off? And I

143
00:07:17,760 --> 00:07:20,800
Speaker 3: heard an interview with the CEO of Rivian and I

144
00:07:20,800 --> 00:07:24,160
Speaker 3: think Rivian makes some incredible evs too right now. And

145
00:07:24,200 --> 00:07:26,120
Speaker 3: one of the things he highlighted and I think he's

146
00:07:26,160 --> 00:07:30,360
Speaker 3: spot on. It's not that these Chinese manufacturers have necessary

147
00:07:30,400 --> 00:07:32,480
Speaker 3: In some ways, they found a way to incorporate technology

148
00:07:32,520 --> 00:07:34,960
Speaker 3: that makes them more fun, more interesting, more user friendly.

149
00:07:35,200 --> 00:07:37,920
Speaker 3: But in other ways, the reason that the cost is

150
00:07:38,000 --> 00:07:41,240
Speaker 3: so much lower for these Chinese evs isn't because they've

151
00:07:41,240 --> 00:07:45,480
Speaker 3: found some miracle cure to break down the cost structure

152
00:07:45,520 --> 00:07:48,800
Speaker 3: and reduce how much it cost to manufacture these cars.

153
00:07:49,160 --> 00:07:52,120
Speaker 3: It is the fact that the government in China subsidizes,

154
00:07:52,440 --> 00:07:54,680
Speaker 3: essentially builds these factories. I don't know if you've seen

155
00:07:54,720 --> 00:07:55,360
Speaker 3: some of the videos.

156
00:07:55,400 --> 00:07:57,280
Speaker 1: Bill is crazy.

157
00:07:57,320 --> 00:08:02,560
Speaker 2: The technology is completely insane, and it's so well the Chinese.

158
00:08:02,720 --> 00:08:06,560
Speaker 2: The government wants the Chinese market for evs. It already

159
00:08:06,560 --> 00:08:09,840
Speaker 2: the Chinese sell more around the world than any other company,

160
00:08:10,120 --> 00:08:13,239
Speaker 2: any other country, and you're right, there are dozens of them. Also,

161
00:08:13,240 --> 00:08:15,640
Speaker 2: have you ever seen a lease agreement with one of

162
00:08:15,640 --> 00:08:19,680
Speaker 2: these these Chinese EV cars?

163
00:08:19,760 --> 00:08:20,320
Speaker 1: Yeah, there are.

164
00:08:20,280 --> 00:08:24,960
Speaker 2: Little rectangular pieces of paper that are about three inches

165
00:08:25,120 --> 00:08:26,520
Speaker 2: by about half an inch.

166
00:08:28,360 --> 00:08:32,120
Speaker 1: Okay, moving on, Oh.

167
00:08:31,520 --> 00:08:34,959
Speaker 3: Yes, one other thing, one other thing about just when

168
00:08:35,040 --> 00:08:37,679
Speaker 3: you look at the videos of what these factories look like,

169
00:08:38,120 --> 00:08:40,200
Speaker 3: you know what they have attached to the factories housing

170
00:08:40,840 --> 00:08:44,200
Speaker 3: Why Why is that the case? Because the people who

171
00:08:44,400 --> 00:08:47,720
Speaker 3: work in these factories essentially live adjacent to them. And

172
00:08:48,240 --> 00:08:50,360
Speaker 3: the part of the reason Chinese evs are so much

173
00:08:50,559 --> 00:08:53,960
Speaker 3: cheaper is because they live in a society with a

174
00:08:53,960 --> 00:08:55,199
Speaker 3: lot less freedom of choice.

175
00:08:55,559 --> 00:08:57,600
Speaker 2: Also, you've got you know, you've got people that live

176
00:08:57,600 --> 00:09:00,960
Speaker 2: in the outlying areas and they go home just for

177
00:09:01,080 --> 00:09:05,640
Speaker 2: August or Lunar New Year, and they make two dollars

178
00:09:05,720 --> 00:09:06,319
Speaker 2: an hour too.

179
00:09:06,440 --> 00:09:07,200
Speaker 1: Let's not forget that.

180
00:09:07,920 --> 00:09:10,120
Speaker 3: So that's why thesevs are able to be made for

181
00:09:10,120 --> 00:09:12,600
Speaker 3: forty grand and not seventy or eighty grand, which is

182
00:09:13,160 --> 00:09:15,240
Speaker 3: if these Chinese companies had to build them in the

183
00:09:15,320 --> 00:09:17,640
Speaker 3: United States, they'd still be awesome cars, but they'd cost

184
00:09:17,679 --> 00:09:18,079
Speaker 3: a lot more.

185
00:09:18,240 --> 00:09:21,120
Speaker 2: Yeah, of course, and if the tariffs are ever lifted,

186
00:09:21,160 --> 00:09:24,559
Speaker 2: and they've been one hundred percent tariffs on Chinese cars forever.

187
00:09:25,280 --> 00:09:28,080
Speaker 2: I mean, they've been shut out of the American market

188
00:09:28,160 --> 00:09:32,280
Speaker 2: ever since Chinese started building evs. But they are extraordinary cars.

189
00:09:32,440 --> 00:09:37,040
Speaker 2: What's that company BYD I think is the biggest selling

190
00:09:37,160 --> 00:09:40,120
Speaker 2: EV company in the world, and they have the entire

191
00:09:40,200 --> 00:09:44,079
Speaker 2: world market, South America, Asia, Europe. They sell a ton

192
00:09:44,120 --> 00:09:49,760
Speaker 2: of them, just not the US because of that. So again,

193
00:09:50,280 --> 00:09:52,640
Speaker 2: as much as I really enjoy my EV and I

194
00:09:52,679 --> 00:09:55,800
Speaker 2: get three hundred and three and twenty miles per charge,

195
00:09:56,480 --> 00:09:59,280
Speaker 2: it's range anxiety and certainly not enough.

196
00:09:59,160 --> 00:10:02,319
Speaker 1: Chargers, although I don't know how many chargers are out

197
00:10:02,360 --> 00:10:06,000
Speaker 1: there in the United States.

198
00:10:06,040 --> 00:10:09,040
Speaker 2: But now they're starting to build two five thousand every year,

199
00:10:10,000 --> 00:10:12,800
Speaker 2: and then real quickly we only have a minute or

200
00:10:12,800 --> 00:10:17,520
Speaker 2: so cars getting a lot more tech savvy in car ads.

201
00:10:18,240 --> 00:10:19,840
Speaker 1: What is that about?

202
00:10:20,440 --> 00:10:23,560
Speaker 3: Yeah, So you know, in these new evs, in these

203
00:10:23,600 --> 00:10:26,960
Speaker 3: super tech savvy cars, they are now giant screens. And

204
00:10:27,040 --> 00:10:31,640
Speaker 3: in the very beginning of evs, I remember being incredibly attracted.

205
00:10:31,679 --> 00:10:34,920
Speaker 3: You see the first Tesla, you know, model three, and

206
00:10:34,960 --> 00:10:37,240
Speaker 3: you're like, oh my gosh, that's screen you can do

207
00:10:37,320 --> 00:10:39,439
Speaker 3: everything from there. You can even like play video games

208
00:10:39,440 --> 00:10:42,040
Speaker 3: on it, or or watch videos when you're parked or

209
00:10:42,080 --> 00:10:44,400
Speaker 3: something like that. How cool is that? And it all

210
00:10:44,440 --> 00:10:46,600
Speaker 3: looks so sleek and so minimal, and there's just this

211
00:10:46,720 --> 00:10:49,360
Speaker 3: screen there, and especially to the younger people who are

212
00:10:49,440 --> 00:10:52,720
Speaker 3: very screen oriented, they're like, this is great. But now

213
00:10:53,320 --> 00:10:57,400
Speaker 3: the manufacturers are saying, oh, we're going to use that

214
00:10:57,480 --> 00:11:01,480
Speaker 3: screen that you liked to serve you as ads, and

215
00:11:02,160 --> 00:11:04,880
Speaker 3: that's a way for us to make more money. And

216
00:11:05,600 --> 00:11:08,400
Speaker 3: one of the things I saw interesting, like Ford apparently

217
00:11:08,880 --> 00:11:12,240
Speaker 3: just patented the system that's going to serve you ads

218
00:11:12,720 --> 00:11:15,200
Speaker 3: based on conversations you're having in the car. So it's

219
00:11:15,240 --> 00:11:17,080
Speaker 3: kind of like an electiona device where it's listening to

220
00:11:17,160 --> 00:11:20,680
Speaker 3: everything you're saying to your fellow passengers or if you

221
00:11:20,720 --> 00:11:22,400
Speaker 3: talk to yourself like a weirdo or something like that,

222
00:11:22,520 --> 00:11:24,120
Speaker 3: and then it's going to serve you ads on your

223
00:11:24,120 --> 00:11:28,040
Speaker 3: screen based on what it knows about you. That to

224
00:11:28,120 --> 00:11:31,840
Speaker 3: me is frightening and it's probably another reason to drive

225
00:11:31,880 --> 00:11:33,080
Speaker 3: an older car and be happy with it.

226
00:11:33,280 --> 00:11:35,319
Speaker 2: Yeah, there's nothing like looking at a screen while you're

227
00:11:35,400 --> 00:11:38,520
Speaker 2: driving that really bodes well for safety.

228
00:11:39,520 --> 00:11:39,920
Speaker 1: What was it?

229
00:11:40,000 --> 00:11:44,200
Speaker 2: Yeah, last night, I saw a news piece and I

230
00:11:44,240 --> 00:11:46,760
Speaker 2: only saw the last part of it where the car

231
00:11:46,800 --> 00:11:51,840
Speaker 2: itself is basically a little capsule where you have people

232
00:11:52,240 --> 00:11:55,120
Speaker 2: sitting across from each other. Oh yeah, and there was

233
00:11:55,160 --> 00:11:58,040
Speaker 2: no driver and there was a fairly big screen where

234
00:11:58,080 --> 00:12:02,120
Speaker 2: people were watching TV or movies or whatever because they

235
00:12:02,120 --> 00:12:04,559
Speaker 2: weren't driving. And I don't know if that's out. It's

236
00:12:04,600 --> 00:12:07,360
Speaker 2: probably a prototype. But do you see something like that

237
00:12:07,400 --> 00:12:08,080
Speaker 2: coming out soon?

238
00:12:08,640 --> 00:12:11,120
Speaker 3: I think that's coming. I think that's coming right because

239
00:12:11,160 --> 00:12:13,520
Speaker 3: Waymo is already like crushing it with the full self

240
00:12:13,600 --> 00:12:17,040
Speaker 3: driving and Tesla is doing solid with that. There was

241
00:12:17,080 --> 00:12:19,280
Speaker 3: even an announcement this week from one insurance company called

242
00:12:19,320 --> 00:12:24,080
Speaker 3: Lemonade that they're going to reduce insurance costs for Tesla

243
00:12:24,200 --> 00:12:28,440
Speaker 3: drivers by fifty percent when they're using full self driving mode.

244
00:12:28,559 --> 00:12:30,280
Speaker 3: So I think we just know how safe it is

245
00:12:30,360 --> 00:12:34,320
Speaker 3: the full self driving versus humans on their screens trying

246
00:12:34,320 --> 00:12:36,440
Speaker 3: to drive around on the streets. And so I do

247
00:12:36,480 --> 00:12:39,680
Speaker 3: think full self driving, as it continues to mature, is

248
00:12:39,720 --> 00:12:42,280
Speaker 3: going to lead to reduce cost although then there's that

249
00:12:42,360 --> 00:12:44,480
Speaker 3: connectivity issue that frightens a lot of people.

250
00:12:45,000 --> 00:12:48,280
Speaker 2: All right, Joel, we'll catch you this Sunday twelve to

251
00:12:48,280 --> 00:12:49,240
Speaker 2: two pm.

252
00:12:49,800 --> 00:12:52,280
Speaker 1: You have a good one all right too, Bill