WEBVTT - Bloomberg Hot Pursuit!: Porsche 911 S/T and Tesla Recall

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<v Speaker 1>Hey, this is Matt Miller. You listen to me on

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<v Speaker 1>the Tape podcast with Paul Sweeney. I've got a new

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<v Speaker 1>podcast with my friend Hannah Elliott. She's the car reviewer

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<v Speaker 1>from Bloomberg Pursuits. We call it Hot Pursuit. I'm gonna

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<v Speaker 1>drop a little sample from the Hot Pursuit podcast here.

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<v Speaker 1>Take a listen. If you like it, go to the

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<v Speaker 1>Hot Pursuit page and subscribe. You can find it on Apple,

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<v Speaker 1>on Spotify, or anywhere you get your podcasts. I'm Matt

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<v Speaker 1>Miller and.

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<v Speaker 2>I'm Hannah Elliott, and this is Hot Pursuit.

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<v Speaker 1>All right. Today on the show, the headline story is

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<v Speaker 1>gonna be the Portie nine to eleven st to Anadro

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<v Speaker 1>last week, so she's gonna tell us all about it.

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<v Speaker 1>We're also gonna talk about the Tesla recalls, which I

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<v Speaker 1>think are fascinating for a couple of reasons. I normally

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<v Speaker 1>think recalls get too much attention. Yeah, but this one

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<v Speaker 1>I think is really interesting. And because it's kind of

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<v Speaker 1>Tesla they made the cyber truck, it ties into the

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<v Speaker 1>lightning story. The Ford lightning story, I think is fascinating.

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<v Speaker 1>So we're going to talk about that with the Tesla story.

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<v Speaker 1>And finally we're going to talk about the seeming slowdown

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<v Speaker 1>of ev demand is told through the Jili story that

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<v Speaker 1>a great writer for US in Berlin wrote an opinion

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<v Speaker 1>piece about Chris Bryant is always on top of these

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<v Speaker 1>car stories for opinion from a financial perspective. And also

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<v Speaker 1>Jilly has built this massive empire that I didn't some

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<v Speaker 1>of them. I didn't even know about it.

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<v Speaker 2>I know, it's really interesting.

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<v Speaker 1>So a Chinese billionaire owns at least one brand that

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<v Speaker 1>you probably want because he has so many. So let's

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<v Speaker 1>kick it off with the nine to eleven story though, Hannah.

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<v Speaker 2>Yeah, here's the top note, here's the headline.

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<v Speaker 1>How many different nine elevens are there? By the way, there.

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<v Speaker 2>Are currently twenty six their twenty six versions of the

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<v Speaker 2>nine to ninety two, the current current generation.

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<v Speaker 1>So many levels of trim it's insane.

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<v Speaker 2>I know, it's really difficult to keep straight. There are

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<v Speaker 2>twenty six for sale, and there are a couple others

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<v Speaker 2>that are not currently available but also in the same generation,

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<v Speaker 2>so it's quite a lot. And it is like, you know,

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<v Speaker 2>we've spoken about the st Obviously I was a little

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<v Speaker 2>bit skeptical, like, do we really need another one. It's

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<v Speaker 2>not even based on a real car that existed, but it.

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<v Speaker 1>Still is at the top. It's exactly the top.

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<v Speaker 2>Yes, this is the three ninety two thousand dollars nine

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<v Speaker 2>to eleven. It's extremely lightweight, and really, here's what you

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<v Speaker 2>need to know. I loved it, and I was skeptical

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<v Speaker 2>because of all the reasons we're discussing, like, we don't

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<v Speaker 2>need another one, it's gonna be just like all the rest,

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<v Speaker 2>why do you need another of this? And then that

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<v Speaker 2>I loved it. It was so fun.

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<v Speaker 1>I mean, even if we don't need something, yes, even

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<v Speaker 1>if we don't need this nine to eleven, but it's

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<v Speaker 1>one of the best nine to elevens Portia has ever built.

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<v Speaker 1>I'm gonna guess after you drive it, you're gonna love it.

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<v Speaker 2>Yes, but I can say that I've driven, you know,

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<v Speaker 2>most of the variants. I haven't driven all twenty six

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<v Speaker 2>of them. But you know, if you compare it to

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<v Speaker 2>a GT three or like a nine to nine to

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<v Speaker 2>two Turbos, I would say still that I would prefer

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<v Speaker 2>this at least over the GT three and even the

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<v Speaker 2>GT three touring. And there are a couple of reasons

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<v Speaker 2>for that. The thing that I think anyone who gets

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<v Speaker 2>in the car will notice right away is that it's

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<v Speaker 2>a manual, obviously, but it's got a super short throw

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<v Speaker 2>on the shifter, so it's six gears, super short, super quick,

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<v Speaker 2>super punchy. It just feels a lot more engaging when

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<v Speaker 2>you drive it, if that's what you want. But it's

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<v Speaker 2>not so raw that it feels like a track car.

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<v Speaker 2>This is not a track car. Doesn't come with a

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<v Speaker 2>roll cage.

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<v Speaker 1>It's like a sweet spot.

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<v Speaker 2>That's the thing. It is the sweet spot, because I

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<v Speaker 2>do think the GT three it's honestly best left on

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<v Speaker 2>the track. I think I will. I don't want to

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<v Speaker 2>drive a GT three every day all day. It's just

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<v Speaker 2>like even a touring I wouldn't want to right exactly.

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<v Speaker 2>But the the ST really it feels analog, and I

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<v Speaker 2>don't mean that in a bad way. I mean it

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<v Speaker 2>you feel that you're engaged with the car. It's a

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<v Speaker 2>little bit louder than a GT three. I actually was

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<v Speaker 2>in a lead car for a moment that was a

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<v Speaker 2>GT three, and then got back in the ST and

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<v Speaker 2>it was noticeable right away that the ST is a

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<v Speaker 2>louder car.

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<v Speaker 1>By the way. That's that's what you want. That's what

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<v Speaker 1>the that's what the Weekend Warrior wants exactly. And on

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<v Speaker 1>a track, a lot of times there are there are noise.

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<v Speaker 2>Limits exactly exactly.

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<v Speaker 1>I know for motorcycles on a track, people have to

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<v Speaker 1>put in noise dB killers.

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<v Speaker 2>Yeah.

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<v Speaker 1>And but on the street, if I'm riding through Westchester,

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<v Speaker 1>I want it to be as loud as I can.

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<v Speaker 2>Yeah. And and I don't even think that was on purpose.

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<v Speaker 2>That's a byproduct of the fact that they really did

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<v Speaker 2>to try to lighten it up quite a bit. Even

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<v Speaker 2>they took they put in special lightweight carpet that saved

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<v Speaker 2>four pounds. And you know, obviously carpeting helps muffle sounds,

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<v Speaker 2>so some of just a natural u the result of

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<v Speaker 2>making the car lighter.

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<v Speaker 1>There's no sound deadening material exactly.

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<v Speaker 2>There's not in the.

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<v Speaker 1>GT three either, but they probably have purposely made the

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<v Speaker 1>exhaust choir or to meet noise restrictions, whereas with this

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<v Speaker 1>they have flow cats and probably like basically straight pipes on.

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<v Speaker 2>Yeah. And man, I was in that car for like

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<v Speaker 2>eight It was a very long day of We started

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<v Speaker 2>in Napa and then drove through the Redwoods up the coast,

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<v Speaker 2>up the one oh one ended up in Mendocino, so

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<v Speaker 2>there were and it was partially rainy that we saw

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<v Speaker 2>sun so there was a good variety of terrain in

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<v Speaker 2>a way, I do think. And we were even on

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<v Speaker 2>the interstate for a while too. I do think. It's

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<v Speaker 2>sometimes when you are on a straight interstate you almost

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<v Speaker 2>want a seventh gear. It's really fun. On curvy, windy roads,

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<v Speaker 2>you end up shifting through the gears really quickly. If

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<v Speaker 2>you don't like that, if you kind of prefer a

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<v Speaker 2>longer gear, this is not the car for you. This

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<v Speaker 2>is one that you're going to be going up and

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<v Speaker 2>down a lot. If you're just going to be driving

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<v Speaker 2>on interstate most of the time, you're going to want

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<v Speaker 2>a seventh gear, and this car doesn't have it.

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<v Speaker 1>So you show the GT three as well. The funny

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<v Speaker 1>thing is, in my career I had a nine to

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<v Speaker 1>nine to one one S and I always felt like,

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<v Speaker 1>why do I have the seventh gear? I don't need this.

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<v Speaker 1>But then my buddy I would always drive his GT

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<v Speaker 1>three touring and I would be like, you need a seton.

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<v Speaker 2>Yeah, Well that's where you really feel it. I mean,

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<v Speaker 2>it kind of depends on what kind of driving you

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<v Speaker 2>want to do. The other thing that I thought was

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<v Speaker 2>interesting was the fact that it comes with a watch.

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<v Speaker 2>I know you're a watch guy. This is the accompanying

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<v Speaker 2>thirteen thousand dollars Porsche design watch that goes with the

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<v Speaker 2>car that you cannot get unless you also take a car. Now,

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<v Speaker 2>to me, the watch is very cheesy.

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<v Speaker 1>But a lot of people don't like Porsche design. It's

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<v Speaker 1>pretty specific.

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<v Speaker 2>It's very specific.

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<v Speaker 1>It reminds me of the Shprockets skit on SNL that

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<v Speaker 1>they used to do. Yeah, it's touch my monkey.

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<v Speaker 2>I'm not familiar with that one. I must say, I

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<v Speaker 2>must not have been born yet. Yeah. The thing is,

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<v Speaker 2>I've heard some you know, rumblings that dealers are saying, well,

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<v Speaker 2>you can't get an allocation unless you commit to also

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<v Speaker 2>buy the watch. I don't know if that's true, yeah,

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<v Speaker 2>or just you know, some pressure or leaning on people

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<v Speaker 2>to take the watch too.

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<v Speaker 1>Strange.

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<v Speaker 2>Yeah, I mean, which would kind of feel like an

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<v Speaker 2>upsell a bit, right, But I have to say, uh,

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<v Speaker 2>it's such a fun car. I'm trying to think of

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<v Speaker 2>what else. Oh, how it looks it really does? You know?

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<v Speaker 2>There's a channeled roof on it. There is a gurney

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<v Speaker 2>flap on the end, but it's real small. I do

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<v Speaker 2>like that it doesn't have a huge spoiler, the air

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<v Speaker 2>intake on the front and side. It looks specific and

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<v Speaker 2>unique but not flashy, which I thought was really cool.

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<v Speaker 2>I was in the Ruby Stone or Ruby Star, depending

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<v Speaker 2>on how you want to say it.

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<v Speaker 1>Red.

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<v Speaker 2>Oh, it's a super cool color.

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<v Speaker 1>I do not like that color really. Oh. I had

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<v Speaker 1>the Carera Tea in that color.

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<v Speaker 2>That car just that color alone, if you try to

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<v Speaker 2>resell it, it pushes the value up.

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<v Speaker 1>It's like a Barbie, a little bit slightly dark.

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<v Speaker 2>It's a raspberry. It's a raspberry pink and a pinstripe

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<v Speaker 2>in tier, which sounds really bad on paper. But it

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<v Speaker 2>did look kind of cool.

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<v Speaker 1>But you know what, do you know what it is?

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<v Speaker 1>Part of this, I think is that I was just

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<v Speaker 1>at lunch with the guys who run Nikam Auctions and

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<v Speaker 1>they do obviously they're doing a massive event in Kiss

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<v Speaker 1>Kiss Emi at the beginning of January, forty five hundred

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<v Speaker 1>cars and a lot of it's American muscle, right. They

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<v Speaker 1>do have some Ferraris, but it's mostly American muscle. And

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<v Speaker 1>I asked them about you know, recent model cars that

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<v Speaker 1>sell well and also restromods that do well, and obviously

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<v Speaker 1>something like a four GT is going to sell well.

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<v Speaker 1>And they said like a Singer, a Singer will just

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<v Speaker 1>off the charts, right.

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<v Speaker 2>Yeah, it's unbelievable.

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<v Speaker 1>They than Porsa's leaving so much money on the table,

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<v Speaker 1>which is why they have to do like the nine

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<v Speaker 1>to eleven R or the STV, because this is they're

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<v Speaker 1>doing Singer before Singer gets a hold of it.

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<v Speaker 2>Kind of yeah, I mean I know that they do

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<v Speaker 2>watch Singer very closely and have observed that exact effect,

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<v Speaker 2>which reminds me of you know, the special Heritage livery

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<v Speaker 2>with the number sixty three on the side.

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<v Speaker 1>Which I is that sixty three So that was the.

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<v Speaker 2>First year of the nine to eleven. Of course they're

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<v Speaker 2>going to make nineteen hundred and sixty three of them.

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<v Speaker 2>But my point with this package is that alone is

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<v Speaker 2>a twenty thousand dollars upgrade as well. So to your point, Matt,

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<v Speaker 2>they're just you know, Porsia is offering more and more

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<v Speaker 2>options to make the cars super specific to yourself and

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<v Speaker 2>spend more money.

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<v Speaker 1>By the way, Lamborghini also uses the sixty three some

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<v Speaker 1>of their special liveries. And that's because it was the

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<v Speaker 1>year they showed their.

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<v Speaker 2>First sports car, so I mean glory days.

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<v Speaker 1>Yeah, I guess sixty three was a good year. Yeah.

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<v Speaker 1>Speaking of that, there's going to be a sixty three

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<v Speaker 1>Ferrari at the Kissimi Auction Ferris Bueller car that's going

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<v Speaker 1>to go for sixteen to eighteen. There's a sixty seven

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<v Speaker 1>two seventy five Spider that's going to go for they

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<v Speaker 1>think twenty five or more. And there's a sixty four

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<v Speaker 1>to two seventy five GTV that they think will go

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<v Speaker 1>for more than thirty five.

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<v Speaker 2>Where are they expecting these buyers to come from, because

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<v Speaker 2>let's be honest, Mikam Auctions are not known for their

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<v Speaker 2>Ferrari sales. They do volume Americans.

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<v Speaker 1>You'll have ten Ferraris that they say are worth over

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<v Speaker 1>one hundred million dollars. They say, but I don't know

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<v Speaker 1>where the you know, I guess if you want this

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<v Speaker 1>kind of Ferrari, you don't really care as much who's

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<v Speaker 1>selling it, right, I think we do. If you're in

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<v Speaker 1>the market for this, don't you you know who it's

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<v Speaker 1>coming from? So like say, you're I don't know David Lee,

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<v Speaker 1>and you know that jay Leno is selling his ferrari,

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<v Speaker 1>You're going to go buy it from him, whether he

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<v Speaker 1>does it through bottoms or true.

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<v Speaker 2>This, but I think very significantly this isn't jay Leno's ferrari.

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<v Speaker 2>I think what I mean. What I mean is you

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<v Speaker 2>know that Cowliborough Ferrari would not be sold at Amkam auction.

0:11:03.920 --> 0:11:07.000
<v Speaker 2>And this is not a mark against Meka met All.

0:11:07.080 --> 0:11:10.920
<v Speaker 2>I just think in general, and I'm not familiar with

0:11:11.000 --> 0:11:13.440
<v Speaker 2>the cars that they told. Yeah, if you do have that,

0:11:13.640 --> 0:11:17.480
<v Speaker 2>if you do have really that caliber ferrari, you would

0:11:17.520 --> 0:11:19.960
<v Speaker 2>probably tend to go to Southerb's or Gooding.

0:11:20.120 --> 0:11:20.840
<v Speaker 1>They know that too.

0:11:20.960 --> 0:11:23.000
<v Speaker 2>Yeah, it's not a knock on them at all. People

0:11:23.000 --> 0:11:23.720
<v Speaker 2>have specialties.

0:11:23.760 --> 0:11:27.240
<v Speaker 1>Well, I think they might be trying to move into

0:11:27.559 --> 0:11:30.560
<v Speaker 1>that area because they're so focused. They will be so

0:11:30.640 --> 0:11:33.280
<v Speaker 1>focused on the ferraris. Anyway, I don't want to get

0:11:33.360 --> 0:11:35.840
<v Speaker 1>too drawn away from the ST. I think it's so

0:11:35.960 --> 0:11:39.320
<v Speaker 1>cool that they're making this, which most people aren't going

0:11:39.360 --> 0:11:40.800
<v Speaker 1>to be able to afford it. Even people who can

0:11:40.800 --> 0:11:42.480
<v Speaker 1>go pick up a nine to eleven aren't going to

0:11:42.520 --> 0:11:44.920
<v Speaker 1>be able to really afford or make financial sense of

0:11:44.920 --> 0:11:47.160
<v Speaker 1>the ST. But you have to have something in that

0:11:47.200 --> 0:11:52.280
<v Speaker 1>price area because singers are only a couple hundred grand more, right,

0:11:52.400 --> 0:11:57.040
<v Speaker 1>and then it's even cooler and even more exclusive. My

0:11:57.200 --> 0:12:00.160
<v Speaker 1>favorite of all of the different I guess trim level

0:12:00.800 --> 0:12:03.480
<v Speaker 1>would be because I live here in New York, and

0:12:03.520 --> 0:12:05.240
<v Speaker 1>I don't know how the roads are in LA, but

0:12:05.280 --> 0:12:07.959
<v Speaker 1>they're bad here, really bad. Eno. The the car I

0:12:08.040 --> 0:12:10.560
<v Speaker 1>think is so great, but I just wish instead of

0:12:10.600 --> 0:12:15.200
<v Speaker 1>the turbocharged three Leader they would put the same motor

0:12:15.240 --> 0:12:17.079
<v Speaker 1>that they use in the GT three or in this.

0:12:17.320 --> 0:12:18.959
<v Speaker 1>And I don't know why, maybe it's you know what.

0:12:19.160 --> 0:12:21.680
<v Speaker 2>This is another thing I wanted to say about the ST.

0:12:22.400 --> 0:12:26.480
<v Speaker 2>This four Leader engine is the same one that they've

0:12:26.520 --> 0:12:29.040
<v Speaker 2>had for over a decade that they've used, and you know,

0:12:29.240 --> 0:12:34.040
<v Speaker 2>every year they're getting incremental bits more power out of it,

0:12:34.080 --> 0:12:35.720
<v Speaker 2>you know, five percent here and there.

0:12:36.120 --> 0:12:37.439
<v Speaker 1>But how much how much does the ST.

0:12:38.080 --> 0:12:41.000
<v Speaker 2>I think it's five to eighteen. But I do wonder

0:12:42.840 --> 0:12:45.480
<v Speaker 2>is this sort of the topping out of what they

0:12:45.559 --> 0:12:49.400
<v Speaker 2>can do on that particular four Leader, especially with the missions,

0:12:49.679 --> 0:12:52.800
<v Speaker 2>because this, you know, I don't see big jumps and

0:12:52.840 --> 0:12:55.800
<v Speaker 2>what they're getting out of that power plant in general,

0:12:55.800 --> 0:12:59.680
<v Speaker 2>but the engine specifically, So that was something you make they.

0:12:59.600 --> 0:13:01.079
<v Speaker 1>Do ten to make like at the end of a

0:13:01.160 --> 0:13:04.720
<v Speaker 1>generation of cars, they'll make like the Crowning Glory exactly.

0:13:04.880 --> 0:13:08.160
<v Speaker 2>Yes, this feels a little bit like that, which interesting,

0:13:08.280 --> 0:13:11.200
<v Speaker 2>which yeah, And then that now makes me think, you know,

0:13:11.200 --> 0:13:14.679
<v Speaker 2>we've talked a little bit about what is the car

0:13:14.760 --> 0:13:17.640
<v Speaker 2>market going to be for internal combustion cars. If at

0:13:17.679 --> 0:13:20.600
<v Speaker 2>some point you can't really buy them newes, does that

0:13:20.679 --> 0:13:23.319
<v Speaker 2>make them valuable? And yet again this plays into your

0:13:23.360 --> 0:13:25.120
<v Speaker 2>whole plan with some of the cars that you want

0:13:25.160 --> 0:13:25.640
<v Speaker 2>to get.

0:13:25.520 --> 0:13:28.560
<v Speaker 1>Right like the BMW. I want to get the last

0:13:28.600 --> 0:13:30.840
<v Speaker 1>V twelve they made, the seven sixty. And by the way,

0:13:30.920 --> 0:13:32.240
<v Speaker 1>my wife is like on board.

0:13:32.000 --> 0:13:33.800
<v Speaker 2>Again, oh great, thank god.

0:13:34.080 --> 0:13:37.160
<v Speaker 1>I think I'm moving in that direction. And really, and

0:13:37.200 --> 0:13:39.760
<v Speaker 1>that's one that's like my Dodge Challenger with a six

0:13:39.800 --> 0:13:43.000
<v Speaker 1>point four liter V eight that's going to be very

0:13:43.960 --> 0:13:47.720
<v Speaker 1>much not made anymore. But they sell fifty thousand of

0:13:47.720 --> 0:13:49.880
<v Speaker 1>those a year. I don't think it's going to appreciate

0:13:49.880 --> 0:13:52.880
<v Speaker 1>in value. No, probably not, But the twelve cylinder BMW

0:13:52.960 --> 0:13:55.120
<v Speaker 1>maybe because they don't make that many of them. On

0:13:55.120 --> 0:13:57.160
<v Speaker 1>the other hand, I've looked back at previous generations of

0:13:57.160 --> 0:13:59.240
<v Speaker 1>the seven series, the V twelves and you can pick

0:13:59.320 --> 0:14:00.760
<v Speaker 1>them up for like ten or fifteen thousand.

0:14:00.800 --> 0:14:04.360
<v Speaker 2>Yeah, I mean even nineteen hundred and sixty three as

0:14:04.360 --> 0:14:07.640
<v Speaker 2>a production run, it's not that rare. Going back to

0:14:07.679 --> 0:14:09.480
<v Speaker 2>the Ferraris, you know, when there are two or three

0:14:09.559 --> 0:14:11.520
<v Speaker 2>or four of them that were ever made, or even

0:14:12.040 --> 0:14:14.200
<v Speaker 2>one hundred. You know they're gonna make two hundred of

0:14:14.240 --> 0:14:18.840
<v Speaker 2>the Bagatti Sharon whatever, right, you know, that's actual rarity.

0:14:19.160 --> 0:14:24.200
<v Speaker 2>But almost two thousand of something to me isn't ultra rare.

0:14:24.360 --> 0:14:25.000
<v Speaker 1>No, not at all.

0:14:25.240 --> 0:14:28.040
<v Speaker 2>It's limited, but it's not ultra rare. And I did

0:14:28.040 --> 0:14:30.560
<v Speaker 2>ask Porsche, are you guys sold out? You know, what

0:14:30.600 --> 0:14:33.640
<v Speaker 2>are the allocations looking like? And the answer was, you know,

0:14:33.640 --> 0:14:36.920
<v Speaker 2>it's a bit of a rolling thing. And the answer.

0:14:36.720 --> 0:14:39.080
<v Speaker 1>Out right because if they were sold out, they would say, yeah,

0:14:39.120 --> 0:14:41.000
<v Speaker 1>we sold out, I think after we announced it.

0:14:41.080 --> 0:14:43.280
<v Speaker 2>Yeah, if you want, if you want one, nineteen hundred and.

0:14:43.280 --> 0:14:45.040
<v Speaker 1>Sixty three is a lot. I feel like a limited

0:14:45.160 --> 0:14:48.040
<v Speaker 1>edition normally, and in the motorcycle world it's usually like

0:14:48.080 --> 0:14:52.600
<v Speaker 1>four hundred, right, you know, right, and some times they'll

0:14:52.600 --> 0:14:55.800
<v Speaker 1>make like fifty. Yeah. You know, if Lamborghini puts out

0:14:55.800 --> 0:14:58.160
<v Speaker 1>a limited edition, they'll have like five, yeah, or the

0:14:58.240 --> 0:15:00.320
<v Speaker 1>rolls Royce share. Wasn't there like a thirty milli dollar

0:15:00.400 --> 0:15:02.960
<v Speaker 1>rolls raced like Jason, Yes, a boat or something.

0:15:03.040 --> 0:15:06.360
<v Speaker 2>Yes, there's like the boat tail, the droptail, the and

0:15:06.440 --> 0:15:07.000
<v Speaker 2>the other one.

0:15:07.080 --> 0:15:09.000
<v Speaker 1>By the way, I brought this also, I brought up

0:15:09.040 --> 0:15:11.200
<v Speaker 1>with the Meekham guys because I'm like, you know, Hannah's

0:15:11.200 --> 0:15:13.280
<v Speaker 1>always talking about the sixty million dollars for ours, and

0:15:13.320 --> 0:15:15.359
<v Speaker 1>there's never a sixty million dollar kudah.

0:15:15.400 --> 0:15:17.000
<v Speaker 2>And they say, yeah, good what they say.

0:15:17.040 --> 0:15:20.800
<v Speaker 1>They said, true, but there are a lot of three

0:15:21.440 --> 0:15:24.360
<v Speaker 1>or four million dollar kudahs. And remember that they made

0:15:24.360 --> 0:15:25.640
<v Speaker 1>a one hundred thousand of those.

0:15:25.760 --> 0:15:28.960
<v Speaker 2>They made two, so good, that's a good argument. Actually,

0:15:29.240 --> 0:15:32.160
<v Speaker 2>So why are those ones in particular so expensive when

0:15:32.200 --> 0:15:33.240
<v Speaker 2>there's so many, Well.

0:15:33.160 --> 0:15:35.440
<v Speaker 1>They're different trim levels that make it like one of

0:15:35.480 --> 0:15:37.720
<v Speaker 1>one or okay three, Yeah, I don't know.

0:15:38.040 --> 0:15:42.000
<v Speaker 2>Were those after aftermarket or those are phono factory factory

0:15:42.040 --> 0:15:43.080
<v Speaker 2>trim level factory.

0:15:43.160 --> 0:15:44.840
<v Speaker 1>Okay, it's the rest of them. Ods don't go for

0:15:44.880 --> 0:15:49.120
<v Speaker 1>that much unless it's a singer, right, unless it's somebody

0:15:49.120 --> 0:16:00.000
<v Speaker 1>who really knows what she or he is doing. Let's

0:16:00.040 --> 0:16:03.880
<v Speaker 1>talk about Tesla's. So there's recalls all the time, every

0:16:03.920 --> 0:16:08.520
<v Speaker 1>car make retails recalls, and Bloomberg goes crazy and flash

0:16:08.600 --> 0:16:10.160
<v Speaker 1>his headline and the stock will move on the day

0:16:10.160 --> 0:16:12.600
<v Speaker 1>because investors have no idea that it's a common thing.

0:16:12.840 --> 0:16:15.600
<v Speaker 1>But this Tesla recall, I think is more interesting than

0:16:15.640 --> 0:16:19.920
<v Speaker 1>the traditional Like there's a screw loose on your right rear,

0:16:20.280 --> 0:16:21.840
<v Speaker 1>you know, uh, break out.

0:16:21.760 --> 0:16:23.800
<v Speaker 2>The steering wheel might come off at any moment in time.

0:16:24.040 --> 0:16:27.360
<v Speaker 1>So this is what they're they're autopilot driving feature, which

0:16:27.480 --> 0:16:29.920
<v Speaker 1>they've touted and pushed so much. I think they charge

0:16:29.960 --> 0:16:31.960
<v Speaker 1>extra for it on certain cars as well.

0:16:32.040 --> 0:16:35.200
<v Speaker 2>Yeah, and it's not even there like driver level two.

0:16:35.320 --> 0:16:39.800
<v Speaker 2>It's not even they're autonomous, it's not it's not even

0:16:39.880 --> 0:16:42.480
<v Speaker 2>like close to what Mercedes has done for us.

0:16:43.480 --> 0:16:47.680
<v Speaker 1>But they've had to fix it because Nitsa has done

0:16:48.200 --> 0:16:51.600
<v Speaker 1>years long investigation on whether they whether or not they've

0:16:51.600 --> 0:16:55.360
<v Speaker 1>done enough to ensure the driver is paying attention. And

0:16:55.560 --> 0:16:57.680
<v Speaker 1>I guess Nitsa has decided they don't have they haven't

0:16:57.720 --> 0:17:00.280
<v Speaker 1>done that, and now Tesla's doing this recall. But I

0:17:00.320 --> 0:17:03.440
<v Speaker 1>think it's so cool because it's a huge recall, right,

0:17:03.520 --> 0:17:05.600
<v Speaker 1>isn't it two million? Two million cars?

0:17:05.600 --> 0:17:06.160
<v Speaker 2>Million cars?

0:17:06.200 --> 0:17:08.840
<v Speaker 1>Okay, I think it's so cool. Because usually a recall

0:17:08.920 --> 0:17:12.840
<v Speaker 1>is a giant pain in the butt for the consumer

0:17:13.400 --> 0:17:15.840
<v Speaker 1>the dealer, because the dealer this is over the air.

0:17:16.000 --> 0:17:18.240
<v Speaker 2>Yeah, that's cool. I mean I will, I will one

0:17:18.320 --> 0:17:21.840
<v Speaker 2>hundred percent give Tesla that. That's great. Can you imagine

0:17:21.840 --> 0:17:25.040
<v Speaker 2>the pandemonium people I didn't go down to the dealership.

0:17:25.480 --> 0:17:26.920
<v Speaker 1>Usually what happens if people don't do it.

0:17:27.000 --> 0:17:29.120
<v Speaker 2>I mean, LA would shut down because half of LA

0:17:29.240 --> 0:17:31.760
<v Speaker 2>is Tesla's so which would be kind of great because

0:17:31.760 --> 0:17:32.920
<v Speaker 2>then traffic would be a lot better.

0:17:33.000 --> 0:17:35.040
<v Speaker 1>Also, this is a recall that I don't want as

0:17:35.040 --> 0:17:36.879
<v Speaker 1>a teslowner. Why do I want something that's going to

0:17:36.920 --> 0:17:39.360
<v Speaker 1>make me pay attention more? It's going to ding more, Well,

0:17:39.400 --> 0:17:40.400
<v Speaker 1>it's going to flash more.

0:17:40.920 --> 0:17:43.919
<v Speaker 2>I guess there is there no consequence for not having

0:17:43.960 --> 0:17:46.880
<v Speaker 2>your car for not I know you have to actually

0:17:46.920 --> 0:17:49.960
<v Speaker 2>opt in push the button on the screen that accepts the.

0:17:49.880 --> 0:17:52.639
<v Speaker 1>Right, but you have to have your fingers, your hands

0:17:52.640 --> 0:17:54.840
<v Speaker 1>on the wheel, and if you take your hands off

0:17:54.880 --> 0:17:58.959
<v Speaker 1>the wheel for too long, most systems realize that and

0:17:59.000 --> 0:18:01.600
<v Speaker 1>will say like, okay, auto pilot is off.

0:18:02.160 --> 0:18:02.320
<v Speaker 2>Now.

0:18:02.359 --> 0:18:04.080
<v Speaker 1>I don't know specifically how it works in the Tesla,

0:18:04.119 --> 0:18:05.840
<v Speaker 1>but what they want to do is like make it

0:18:05.880 --> 0:18:07.280
<v Speaker 1>harder for you to keep the system.

0:18:07.400 --> 0:18:09.800
<v Speaker 2>I understand that. I mean, in order to accept the

0:18:09.840 --> 0:18:13.600
<v Speaker 2>software update for the recall, you do have to actually

0:18:13.800 --> 0:18:16.639
<v Speaker 2>push a button to accept and to initiate and accept

0:18:16.640 --> 0:18:20.159
<v Speaker 2>the recall. So if you don't do that, what's the

0:18:20.800 --> 0:18:21.720
<v Speaker 2>If you don't do.

0:18:21.600 --> 0:18:24.639
<v Speaker 1>That, then you can't get any updates.

0:18:24.920 --> 0:18:28.399
<v Speaker 2>But after that without having and eventually it's like your

0:18:28.400 --> 0:18:29.280
<v Speaker 2>cell phone.

0:18:29.000 --> 0:18:32.320
<v Speaker 1>Right, So exactly, it's like a new iOS because.

0:18:32.080 --> 0:18:34.639
<v Speaker 2>I'm like many updates behind on my cell phone, right,

0:18:34.680 --> 0:18:35.360
<v Speaker 2>to be honest.

0:18:35.160 --> 0:18:37.119
<v Speaker 1>And you know that when you do the update, like

0:18:37.200 --> 0:18:38.400
<v Speaker 1>your alarm won't go off.

0:18:38.440 --> 0:18:41.280
<v Speaker 2>Oh yeah, it ruins everything. It ruins everything. That's why

0:18:41.280 --> 0:18:41.960
<v Speaker 2>I haven't done it.

0:18:42.080 --> 0:18:44.399
<v Speaker 1>Right, But you have to eventually because you want.

0:18:44.920 --> 0:18:47.800
<v Speaker 2>Because and then emoji start looking weird and that bugs me.

0:18:47.880 --> 0:18:52.120
<v Speaker 1>So yeah, So this recall I think is mildly interesting

0:18:52.160 --> 0:18:52.960
<v Speaker 1>because of that, but.

0:18:52.920 --> 0:18:55.320
<v Speaker 2>It is, and I will say just on that topic,

0:18:55.400 --> 0:18:58.720
<v Speaker 2>it's interesting because Tesla makes such a big deal about

0:18:58.720 --> 0:19:01.040
<v Speaker 2>this kind of technology, and like the very thing that

0:19:01.080 --> 0:19:03.120
<v Speaker 2>they always brag about is the thing that they're now

0:19:03.119 --> 0:19:04.000
<v Speaker 2>having to adjust.

0:19:04.160 --> 0:19:04.280
<v Speaker 1>Right.

0:19:04.560 --> 0:19:07.120
<v Speaker 2>So that's like because in the end, you're right, honestly,

0:19:07.600 --> 0:19:09.440
<v Speaker 2>it's not a big deal. You just do the software

0:19:09.480 --> 0:19:11.480
<v Speaker 2>upday and then it's fine. But it is kind of

0:19:11.480 --> 0:19:13.520
<v Speaker 2>a big deal because there this is like one of

0:19:13.560 --> 0:19:15.920
<v Speaker 2>their main selling points about how amazing.

0:19:15.960 --> 0:19:18.040
<v Speaker 1>Also, I hesitate to, by the way, I hesitate to

0:19:18.040 --> 0:19:21.240
<v Speaker 1>say anything bad about Tesla's for two reasons. Number One,

0:19:21.440 --> 0:19:23.960
<v Speaker 1>most importantly, I don't really know very much about Tesla's.

0:19:24.000 --> 0:19:28.000
<v Speaker 1>I haven't driven very many and I have definitely not

0:19:28.040 --> 0:19:32.000
<v Speaker 1>spent time with really anybody who's who's obsessed, So I

0:19:32.000 --> 0:19:32.480
<v Speaker 1>don't know much.

0:19:32.560 --> 0:19:34.560
<v Speaker 2>Well, we should, Tesla, if you're listening, send us something.

0:19:34.880 --> 0:19:39.000
<v Speaker 1>Yeah, we really should. Yeah. Number two, I hesitate say

0:19:39.000 --> 0:19:41.320
<v Speaker 1>anything because they're so passionate, right.

0:19:41.480 --> 0:19:43.480
<v Speaker 2>Tesla, Well, I don't know if that's the word I

0:19:43.480 --> 0:19:45.640
<v Speaker 2>would use. I would say, you don't want to get

0:19:45.640 --> 0:19:49.440
<v Speaker 2>docsed right, and you don't want the cult members coming

0:19:49.480 --> 0:19:53.320
<v Speaker 2>after you, because you've I have experienced some of that myself,

0:19:53.440 --> 0:20:00.280
<v Speaker 2>and it there is something primal of the Tesla enthusiast,

0:20:00.440 --> 0:20:03.920
<v Speaker 2>and I use that word generously where if you dare

0:20:04.080 --> 0:20:08.000
<v Speaker 2>to say something critical about a Tesla vehicle, it's as

0:20:08.040 --> 0:20:14.159
<v Speaker 2>if you've questioned their identity, their manhood. They're very intelligence

0:20:14.240 --> 0:20:18.840
<v Speaker 2>as human, it's and the response is visceral and way

0:20:18.880 --> 0:20:24.840
<v Speaker 2>out of proportion to whatever perceived infractions has happened, and

0:20:24.880 --> 0:20:27.600
<v Speaker 2>that to me is a bit weird.

0:20:28.320 --> 0:20:30.199
<v Speaker 1>It is, but that is how it is, which is

0:20:30.200 --> 0:20:33.400
<v Speaker 1>why I would Otherwise I would say I think BMW

0:20:33.440 --> 0:20:35.920
<v Speaker 1>has a much better self driving system, but I'm not

0:20:35.960 --> 0:20:37.880
<v Speaker 1>gonna say that because they'll kill me. Yeah.

0:20:37.880 --> 0:20:40.359
<v Speaker 2>Well, it's just you and me talking, so don't worry.

0:20:40.440 --> 0:20:43.040
<v Speaker 1>I was talking to CEO of the North American CEO

0:20:43.040 --> 0:20:45.840
<v Speaker 1>of BMW a couple of days ago, and he was like, yo,

0:20:46.000 --> 0:20:48.760
<v Speaker 1>I take my hands off the wheel, right. The only

0:20:48.800 --> 0:20:51.200
<v Speaker 1>thing I have to be doing is watching Yeah.

0:20:51.240 --> 0:20:53.760
<v Speaker 2>Of course, of course that's Level three that they have.

0:20:54.000 --> 0:20:57.040
<v Speaker 2>BMW has that in Germany currently, Mercedes has it in

0:20:57.080 --> 0:20:59.720
<v Speaker 2>the United States. I've driven it, I've used Level three.

0:20:59.760 --> 0:21:03.280
<v Speaker 2>It's wonderful. You can watch video, it's fantastic, it's very relaxing.

0:21:03.640 --> 0:21:08.600
<v Speaker 1>Yes, yeah, I think that's interesting. But I'm sure that Tesla.

0:21:08.680 --> 0:21:11.080
<v Speaker 1>I just don't know enough about Tesla's systems because I'm

0:21:11.080 --> 0:21:12.919
<v Speaker 1>sure you can cheat them as well. Otherwise people wouldn't

0:21:12.920 --> 0:21:15.080
<v Speaker 1>be able to sleep, of course, and have horrible accidents.

0:21:15.119 --> 0:21:17.719
<v Speaker 1>By the way, then this investigation is because of at

0:21:17.800 --> 0:21:21.760
<v Speaker 1>least fifty accidents that they say, or caused by autopilot.

0:21:21.960 --> 0:21:24.600
<v Speaker 1>That's a little bit scary, right, You shifted to autopilot

0:21:24.640 --> 0:21:27.120
<v Speaker 1>with no hesitation at all in other cars.

0:21:28.080 --> 0:21:30.600
<v Speaker 2>I don't even use cruise control, if I'm honest, I

0:21:30.880 --> 0:21:33.920
<v Speaker 2>I but yes, when I'm forced to. If I'm in

0:21:33.960 --> 0:21:35.920
<v Speaker 2>a press car and I need to actually try something

0:21:35.960 --> 0:21:37.920
<v Speaker 2>or test something, I don't. I'm not worried. I'm not

0:21:37.960 --> 0:21:40.800
<v Speaker 2>worried because I feel that you can override it. But

0:21:41.000 --> 0:21:43.119
<v Speaker 2>I don't even like the nannies that keep you in

0:21:43.160 --> 0:21:47.080
<v Speaker 2>your lane, you know, they just to me it's actually

0:21:47.560 --> 0:21:49.880
<v Speaker 2>less safe because when I need to make a quick

0:21:49.920 --> 0:21:52.479
<v Speaker 2>move and I'm feeling resistance on the steering wheel or

0:21:52.920 --> 0:21:55.480
<v Speaker 2>pre breaking, it feels like you're out of control of

0:21:55.520 --> 0:21:57.560
<v Speaker 2>the car, and that's not a good feeling. As a driver.

0:21:57.600 --> 0:21:58.880
<v Speaker 2>I want to feel like I'm in control.

0:21:59.119 --> 0:22:02.240
<v Speaker 1>I mean, I only use it on long autobond drives.

0:22:02.320 --> 0:22:05.199
<v Speaker 1>I'll set it and forget it, and or if I

0:22:05.200 --> 0:22:07.360
<v Speaker 1>were doing cross country drive in the US, but if

0:22:07.359 --> 0:22:09.879
<v Speaker 1>I have my wife and kids in the car. I

0:22:10.000 --> 0:22:13.560
<v Speaker 1>was in the Escalade V and I had my wife

0:22:13.560 --> 0:22:16.959
<v Speaker 1>and baby in the back, and of course it has supercrews.

0:22:17.119 --> 0:22:19.439
<v Speaker 2>Supercrew Yes, I like I love it.

0:22:19.480 --> 0:22:22.119
<v Speaker 1>But my wife's like, no, no, no, she doesn't want you.

0:22:22.600 --> 0:22:27.919
<v Speaker 2>Oh. Interesting, Well, I remember I used Supercrew's last in

0:22:27.960 --> 0:22:32.399
<v Speaker 2>the Electric Hummer, and it made me miss my exit

0:22:32.520 --> 0:22:35.560
<v Speaker 2>and get off because I was so relaxed that I

0:22:35.680 --> 0:22:37.760
<v Speaker 2>just like, I didn't get off the freeway and it

0:22:37.840 --> 0:22:40.760
<v Speaker 2>was and I was like, oh, but it's for me.

0:22:41.000 --> 0:22:44.720
<v Speaker 2>It's scary how quickly I get very relaxed.

0:22:44.760 --> 0:22:48.399
<v Speaker 1>You think that stuff I miss exits when I'm paying attention. Yeah,

0:22:48.720 --> 0:22:52.000
<v Speaker 1>let's talk about the Ford Lightning production cut, because I

0:22:52.000 --> 0:22:54.680
<v Speaker 1>think this is the most interesting story in a long

0:22:54.760 --> 0:22:57.919
<v Speaker 1>time in the automotive sort of industry, because it's just

0:22:58.000 --> 0:23:01.240
<v Speaker 1>one more sign that there's not as much EV demand

0:23:01.880 --> 0:23:04.440
<v Speaker 1>as we may have thought there was going to be.

0:23:05.440 --> 0:23:08.400
<v Speaker 1>Ford was going to lose three billion on EV's this year.

0:23:08.440 --> 0:23:09.639
<v Speaker 1>Then they said they're going to lose four and a

0:23:09.680 --> 0:23:13.040
<v Speaker 1>half billion on EV this EV's this year. The Lightning

0:23:13.880 --> 0:23:17.080
<v Speaker 1>was you know, there electric f one fifty. There were

0:23:17.160 --> 0:23:20.120
<v Speaker 1>hundreds of thousands of reservations for it, right.

0:23:20.040 --> 0:23:21.800
<v Speaker 2>Well, it's the best selling F one fifty is the

0:23:21.800 --> 0:23:22.480
<v Speaker 2>best selling car.

0:23:22.720 --> 0:23:24.280
<v Speaker 1>You know, you would just would have thought, you know,

0:23:24.320 --> 0:23:26.080
<v Speaker 1>when I heard they're going to cut production in half,

0:23:26.119 --> 0:23:28.160
<v Speaker 1>from thirty two hundred a week to sixteen hundred a week.

0:23:28.160 --> 0:23:31.119
<v Speaker 1>I thought, but surely there are people that are waiting

0:23:31.200 --> 0:23:33.640
<v Speaker 1>like two years to get it. I don't.

0:23:33.720 --> 0:23:35.919
<v Speaker 2>It doesn't and honestly, to me, doesn't make sense. And

0:23:35.960 --> 0:23:39.080
<v Speaker 2>then you know, I see the executive saying we're not worried.

0:23:39.320 --> 0:23:43.560
<v Speaker 2>We're just we're adjusting to output and demand. It kind

0:23:43.600 --> 0:23:46.520
<v Speaker 2>of doesn't make sense. I don't really believe them when

0:23:46.520 --> 0:23:49.439
<v Speaker 2>they say this is this is just a natural adjustment

0:23:49.480 --> 0:23:53.040
<v Speaker 2>and we're not worried, especially when Jim Farley has said

0:23:53.359 --> 0:23:56.240
<v Speaker 2>he wants to focus on ice and hybrids for the

0:23:56.440 --> 0:23:57.000
<v Speaker 2>four trucks.

0:23:57.119 --> 0:24:00.960
<v Speaker 1>Yeah, righting on the wall looks so smart right now,

0:24:01.040 --> 0:24:03.520
<v Speaker 1>and everybody else knows to do evs in a major,

0:24:03.640 --> 0:24:05.960
<v Speaker 1>major crazy way, and toylets like now, I'll stick with our.

0:24:07.440 --> 0:24:09.520
<v Speaker 2>No. And I know I've been like very sort of

0:24:09.720 --> 0:24:12.880
<v Speaker 2>hybrids are not the way in this in our podcasting

0:24:12.920 --> 0:24:16.560
<v Speaker 2>relationships since day one. But I admit, I do admit

0:24:16.640 --> 0:24:21.400
<v Speaker 2>I'm slowly kind of seeing, Wow, I'm seeing. It's not

0:24:21.480 --> 0:24:23.600
<v Speaker 2>like I have an opinion either way, but what I'm

0:24:23.640 --> 0:24:26.080
<v Speaker 2>observing is maybe hybrids are coming back around.

0:24:26.119 --> 0:24:29.360
<v Speaker 1>I have an opinion hybrids are the way forward. It's

0:24:29.359 --> 0:24:31.680
<v Speaker 1>so smacky on the face obvious. If you want to

0:24:31.720 --> 0:24:33.919
<v Speaker 1>be green around town, you just leave it on the

0:24:33.960 --> 0:24:36.600
<v Speaker 1>battery power only, and then when you're doing a real trip,

0:24:36.640 --> 0:24:39.000
<v Speaker 1>there's no need for range anxiety because you have a motor.

0:24:39.040 --> 0:24:40.480
<v Speaker 1>It makes total sense to me.

0:24:40.880 --> 0:24:42.679
<v Speaker 2>But they're heavy. They're heavy. They're heavy.

0:24:43.119 --> 0:24:45.120
<v Speaker 1>I like a heavy car. I like a heavy bike.

0:24:45.400 --> 0:24:49.119
<v Speaker 1>There's a place in my life for light vehicles. My

0:24:49.160 --> 0:24:51.359
<v Speaker 1>neighbor has an M two. I love to cane it

0:24:51.400 --> 0:24:53.400
<v Speaker 1>around the Bronx River Park.

0:24:53.400 --> 0:24:56.440
<v Speaker 2>Great looking car, Yeah, they're.

0:24:56.000 --> 0:25:00.439
<v Speaker 1>Great, But I like a big heavy cruiser, like a

0:25:00.520 --> 0:25:02.240
<v Speaker 1>land yacht that I can pile it. I mean, I

0:25:02.280 --> 0:25:05.720
<v Speaker 1>had a nine to eleven, but also really enjoyed driving

0:25:05.760 --> 0:25:07.399
<v Speaker 1>my G class for a while.

0:25:08.480 --> 0:25:11.560
<v Speaker 2>Oh we should discuss I didn't. I had forgotten you

0:25:11.600 --> 0:25:12.359
<v Speaker 2>how to g wagon.

0:25:12.520 --> 0:25:14.480
<v Speaker 1>Yeah it was at year and what it was the

0:25:14.480 --> 0:25:17.160
<v Speaker 1>culmination of like forty years of wanting.

0:25:17.520 --> 0:25:18.760
<v Speaker 2>Yeah, that's so cool.

0:25:18.800 --> 0:25:21.720
<v Speaker 1>I got a twenty twenty G five hundred and emerald green.

0:25:22.000 --> 0:25:25.840
<v Speaker 2>This was Berlin. Yes, so cool. That is nice. I

0:25:25.840 --> 0:25:28.240
<v Speaker 2>have just such an icon. I could talk about that forever.

0:25:28.359 --> 0:25:31.160
<v Speaker 2>It's so unapologetic. It's a diamond.

0:25:31.480 --> 0:25:34.680
<v Speaker 1>I also think the color emerald green, it's tamarocked Groen.

0:25:34.920 --> 0:25:38.040
<v Speaker 1>It's so great because everybody thinks it's black until it's

0:25:38.040 --> 0:25:40.119
<v Speaker 1>a very sunny day. Yeah, and then they realize No.

0:25:40.240 --> 0:25:43.000
<v Speaker 1>My point is, hybrids are the way forward. I've been

0:25:43.040 --> 0:25:45.560
<v Speaker 1>saying forever. Now. I talked to Keith Naughton, our Ford

0:25:45.640 --> 0:25:49.760
<v Speaker 1>reporter in Detroit. He told me the time to turn

0:25:49.800 --> 0:25:52.600
<v Speaker 1>around or whatever, the metric that measures how long a

0:25:52.640 --> 0:25:55.679
<v Speaker 1>car sits on a dealer's lot before it selfs uh huh.

0:25:55.720 --> 0:26:01.920
<v Speaker 1>In full evs it's fifty one days. Regular cars, ice

0:26:01.920 --> 0:26:05.160
<v Speaker 1>engines forty three days. Hybrid's eighteen.

0:26:05.600 --> 0:26:06.879
<v Speaker 2>Oh wow. Interesting.

0:26:07.000 --> 0:26:09.960
<v Speaker 1>So they fly off the lott telling.

0:26:09.720 --> 0:26:11.680
<v Speaker 2>It's better than the housing market right now.

0:26:11.960 --> 0:26:15.040
<v Speaker 1>Yeah, well there are some for sale, right yeah, yeah,

0:26:15.119 --> 0:26:17.840
<v Speaker 1>yeah and so and a lot of them obviously are

0:26:17.880 --> 0:26:20.080
<v Speaker 1>like toyotas if you want to rav four hybrid.

0:26:20.560 --> 0:26:23.439
<v Speaker 2>Yeah, here's their question. Look, here's a question for you

0:26:23.480 --> 0:26:27.320
<v Speaker 2>that just came into my mind. Now, I did listen

0:26:27.359 --> 0:26:30.679
<v Speaker 2>to your interview with the head of BMW, and I

0:26:31.119 --> 0:26:33.760
<v Speaker 2>you know, he's saying they're not slowing down on anything.

0:26:34.080 --> 0:26:36.479
<v Speaker 2>You know, the I seven, all of their I cars

0:26:36.560 --> 0:26:39.119
<v Speaker 2>are full speed ahead. They're not adjusting anything.

0:26:39.320 --> 0:26:39.480
<v Speaker 1>Yep.

0:26:39.560 --> 0:26:41.680
<v Speaker 2>So my question to you is do you think there

0:26:41.840 --> 0:26:45.200
<v Speaker 2>is going to be a divide between luxury and premium

0:26:45.240 --> 0:26:47.960
<v Speaker 2>evs and mass market evs.

0:26:48.000 --> 0:26:50.600
<v Speaker 1>Well, one of the points that Keith made to me

0:26:50.680 --> 0:26:54.040
<v Speaker 1>when I was talking to him about EV demand is

0:26:54.640 --> 0:26:57.760
<v Speaker 1>it's not because people necessarily don't want evs.

0:26:58.000 --> 0:26:58.680
<v Speaker 2>Yeah they do.

0:26:59.560 --> 0:27:03.320
<v Speaker 1>Some people want evs. There are compromises to be maybe.

0:27:03.480 --> 0:27:07.439
<v Speaker 1>You know, you obviously need to figure out if you're

0:27:07.440 --> 0:27:09.720
<v Speaker 1>going on a trip where the charging points are. If

0:27:09.720 --> 0:27:11.800
<v Speaker 1>you keep it at home, you're gonna want to install something.

0:27:12.280 --> 0:27:14.760
<v Speaker 1>It's inconvenient, so you're willing to do that, but you're

0:27:14.760 --> 0:27:17.480
<v Speaker 1>not willing to do the inconvenient thing and pay eighty

0:27:17.520 --> 0:27:18.320
<v Speaker 1>five dollars.

0:27:19.920 --> 0:27:20.720
<v Speaker 2>It's actally bridge.

0:27:20.800 --> 0:27:22.800
<v Speaker 1>The thing about VMW that I think is interesting is

0:27:23.760 --> 0:27:29.440
<v Speaker 1>the IX, which is their eighty thousand dollars plus ev SUV.

0:27:30.119 --> 0:27:32.320
<v Speaker 1>I don't that's not flying off a lot.

0:27:32.440 --> 0:27:34.080
<v Speaker 2>No, And I kind of liked it when I endove it.

0:27:34.440 --> 0:27:37.280
<v Speaker 2>I love it, but it's too expensive, I think, I

0:27:37.359 --> 0:27:38.159
<v Speaker 2>even said.

0:27:38.480 --> 0:27:43.320
<v Speaker 1>Meanwhile, the I four, which is considerably more affordable, that's

0:27:43.359 --> 0:27:46.359
<v Speaker 1>flying off lots. So the cool thing about the BMW

0:27:46.600 --> 0:27:51.400
<v Speaker 1>picture is they're selling sedans, even the EB sedans more

0:27:51.400 --> 0:27:53.680
<v Speaker 1>than they are selling SUVs. In the last quarter they

0:27:53.680 --> 0:27:57.080
<v Speaker 1>had growth in the car segment, and they had a

0:27:57.080 --> 0:28:00.800
<v Speaker 1>ten percent drop in the suv segment, which is so

0:28:00.840 --> 0:28:01.640
<v Speaker 1>much backward.

0:28:01.760 --> 0:28:03.280
<v Speaker 2>That's very backward exactly.

0:28:03.440 --> 0:28:06.399
<v Speaker 1>BMW is the coolest electric sedans. They have the I

0:28:06.600 --> 0:28:09.600
<v Speaker 1>four now the I five seven, which is a big

0:28:09.640 --> 0:28:12.200
<v Speaker 1>fan beast, and.

0:28:12.760 --> 0:28:15.520
<v Speaker 2>We need a new Some of them are not attractive.

0:28:15.040 --> 0:28:18.080
<v Speaker 1>Though, The I seven and the I X I think

0:28:19.280 --> 0:28:20.600
<v Speaker 1>are horribly.

0:28:20.320 --> 0:28:23.600
<v Speaker 2>I'm going to stand with my I seven looks okay

0:28:24.280 --> 0:28:25.160
<v Speaker 2>in certain colors.

0:28:25.160 --> 0:28:27.440
<v Speaker 1>I don't like the squinty eyes at all. I don't

0:28:27.480 --> 0:28:27.679
<v Speaker 1>like it.

0:28:27.960 --> 0:28:30.800
<v Speaker 2>They did it right X seven In the I do

0:28:30.960 --> 0:28:32.680
<v Speaker 2>kind of like where the girl's going because I feel

0:28:32.680 --> 0:28:35.000
<v Speaker 2>like it's going more into a bow tie shape. Yes,

0:28:35.200 --> 0:28:37.520
<v Speaker 2>like less beaver tooth, more bow tie.

0:28:37.560 --> 0:28:38.160
<v Speaker 1>That's correct.

0:28:38.360 --> 0:28:40.680
<v Speaker 2>The kidney grill hasn't been around for years. Let's just

0:28:40.680 --> 0:28:42.719
<v Speaker 2>be honest. Now it's like a sort of a cutesy

0:28:42.760 --> 0:28:43.760
<v Speaker 2>bow tie, which.

0:28:43.720 --> 0:28:45.880
<v Speaker 1>Right, But even if it's a kidney, the kidneys should

0:28:45.920 --> 0:28:47.440
<v Speaker 1>be horizontal, not vertical.

0:28:47.960 --> 0:28:51.480
<v Speaker 2>You know, hey, you know that's actually authentic. If you

0:28:51.480 --> 0:28:55.320
<v Speaker 2>look at old, old, old BMW's they had big yes,

0:28:55.600 --> 0:28:57.680
<v Speaker 2>start to look I gotta I gotta look at that

0:28:58.320 --> 0:29:03.480
<v Speaker 2>the oldest BMW's big vertical grills that you can see

0:29:05.040 --> 0:29:07.160
<v Speaker 2>the lineage here. There is a connection.

0:29:07.440 --> 0:29:11.080
<v Speaker 1>All right, Let's talk about Chris Bryant's opinion piece, which

0:29:11.120 --> 0:29:15.800
<v Speaker 1>is really a story of a Chinese billionaire who started

0:29:15.880 --> 0:29:19.240
<v Speaker 1>Gillie and now has collected a ton of brands, some

0:29:19.280 --> 0:29:21.160
<v Speaker 1>of which he wants to bring to market even here

0:29:21.200 --> 0:29:23.959
<v Speaker 1>in the US, not in terms of just selling the vehicles,

0:29:23.960 --> 0:29:27.600
<v Speaker 1>but also listing his stock. And he's finding a lack

0:29:27.640 --> 0:29:30.160
<v Speaker 1>of investor interest, let's say, or less investor interest than

0:29:30.200 --> 0:29:32.800
<v Speaker 1>he may have expected. Yeah, I was shocked by the

0:29:32.840 --> 0:29:35.280
<v Speaker 1>amount of brands that Jilie owns. I knew that they were.

0:29:35.640 --> 0:29:36.600
<v Speaker 1>I knew that they owned.

0:29:36.440 --> 0:29:38.800
<v Speaker 2>Volvo Sure, which includes Polestar.

0:29:38.560 --> 0:29:40.920
<v Speaker 1>Which includes Polestark as Volva owns like half of that.

0:29:41.520 --> 0:29:45.080
<v Speaker 1>I knew that they had a minority stake in Daimler,

0:29:45.200 --> 0:29:46.400
<v Speaker 1>in Mercedes.

0:29:45.880 --> 0:29:49.280
<v Speaker 2>And Mercedes and Aston Martin, and.

0:29:49.240 --> 0:29:50.280
<v Speaker 1>They own Smart.

0:29:50.640 --> 0:29:51.120
<v Speaker 2>Yeah.

0:29:51.160 --> 0:29:52.720
<v Speaker 1>So I guess they Yeah, I.

0:29:52.720 --> 0:29:55.040
<v Speaker 2>Guess I'm aler that would make sense.

0:29:55.120 --> 0:29:56.960
<v Speaker 1>Yeah, they must have bought it when they when they got.

0:29:56.920 --> 0:29:59.320
<v Speaker 2>That, and then they have all those Chinese brands that

0:30:00.000 --> 0:30:00.920
<v Speaker 2>we know the names.

0:30:00.960 --> 0:30:04.080
<v Speaker 1>Like One's called Fleiker or something Zeker I think it is.

0:30:04.360 --> 0:30:06.840
<v Speaker 1>They also own the Lotus brand.

0:30:08.120 --> 0:30:11.040
<v Speaker 2>I think I knew that, but I forgot. I never

0:30:11.080 --> 0:30:11.600
<v Speaker 2>think about it.

0:30:11.680 --> 0:30:14.080
<v Speaker 1>Well, I never think about the Lotus brand has been

0:30:14.680 --> 0:30:17.560
<v Speaker 1>owned by in Asia. Yeah, by a lot of people,

0:30:17.600 --> 0:30:19.040
<v Speaker 1>but it's been in Asia for a while. I think

0:30:19.160 --> 0:30:23.520
<v Speaker 1>I thought it was Malaysian. But now so, uh, this

0:30:23.720 --> 0:30:24.760
<v Speaker 1>is a lot, This is a lot.

0:30:24.880 --> 0:30:27.920
<v Speaker 2>I mean it does feel like they are going for

0:30:28.000 --> 0:30:32.240
<v Speaker 2>a Volkswagen in terms of owning a very wide portfolio

0:30:32.360 --> 0:30:35.720
<v Speaker 2>of brands. Yes, you know, is this world domination at time?

0:30:35.720 --> 0:30:38.920
<v Speaker 1>I mean it seems like they're trying that, but I'm

0:30:38.960 --> 0:30:43.680
<v Speaker 1>not sure if any of those brands really really goes

0:30:43.800 --> 0:30:47.719
<v Speaker 1>for it. So Volvo, for example, I'm I've always been

0:30:47.760 --> 0:30:48.680
<v Speaker 1>a lover of vols.

0:30:48.760 --> 0:30:49.000
<v Speaker 2>Love it.

0:30:49.200 --> 0:30:52.520
<v Speaker 1>Yeah. My first car was a two forty wagon in

0:30:52.640 --> 0:30:53.720
<v Speaker 1>baby blue. You know.

0:30:53.840 --> 0:30:55.000
<v Speaker 2>Oh that's so cool.

0:30:55.160 --> 0:30:57.400
<v Speaker 1>You called it the blue suede. Is that lacked any

0:30:57.480 --> 0:30:58.840
<v Speaker 1>kind of originality or creativit?

0:30:58.920 --> 0:31:00.880
<v Speaker 2>Is that what your parents got you? Because it was

0:31:01.000 --> 0:31:03.160
<v Speaker 2>very very safe. You know, that was like a high school.

0:31:03.160 --> 0:31:06.239
<v Speaker 1>Well that's what my parents got, Okay, my mom got

0:31:06.320 --> 0:31:08.880
<v Speaker 1>in nineteen eighty four. And then when I started to

0:31:09.000 --> 0:31:12.080
<v Speaker 1>drive in I don't know, nineteen ninety Oh you inherited, Yeah,

0:31:12.400 --> 0:31:14.840
<v Speaker 1>so I inherited that one, and then my brothers got it.

0:31:14.840 --> 0:31:16.320
<v Speaker 1>We put two hundred and fifty thousand miles on that.

0:31:16.640 --> 0:31:18.840
<v Speaker 1>But my parents have always had Volvos, both of them,

0:31:19.240 --> 0:31:22.800
<v Speaker 1>and so I've grown up with the brand. Lately, they've

0:31:22.840 --> 0:31:26.440
<v Speaker 1>been doing some things that are annoying, like so they

0:31:26.640 --> 0:31:29.520
<v Speaker 1>capped the speed their car. None of their cars are

0:31:29.560 --> 0:31:31.200
<v Speaker 1>going to go more than one hundred and I think

0:31:31.280 --> 0:31:34.160
<v Speaker 1>thirty kilometers per hour. I did not hear about this

0:31:34.280 --> 0:31:36.720
<v Speaker 1>announcement like two or three years ago, and I was

0:31:36.800 --> 0:31:39.320
<v Speaker 1>talking to Hawkan Samuel's and the CEO about it. I

0:31:39.400 --> 0:31:41.080
<v Speaker 1>was like, dude, do you not want to sell cars

0:31:41.120 --> 0:31:44.000
<v Speaker 1>in Germany? And he said, basically, they're the adults in

0:31:44.040 --> 0:31:45.280
<v Speaker 1>the room, is what they want to prove.

0:31:45.520 --> 0:31:48.000
<v Speaker 2>You know. Well, let's be honest. There are many portions

0:31:48.040 --> 0:31:50.280
<v Speaker 2>of the Autobahn where you actually can't go fast. True,

0:31:50.440 --> 0:31:53.680
<v Speaker 2>those cameras are horrible, and it's worse than American highways

0:31:53.680 --> 0:31:55.880
<v Speaker 2>where if you just think you're lucky you're not going

0:31:55.960 --> 0:31:58.440
<v Speaker 2>to get pulled over. True, it seems so unsporting.

0:31:58.520 --> 0:31:59.720
<v Speaker 1>There are ways around it, but.

0:32:00.440 --> 0:32:01.840
<v Speaker 2>I mean so You're one of those guys that I

0:32:01.880 --> 0:32:04.240
<v Speaker 2>always see like going you know, you're you have to

0:32:04.320 --> 0:32:07.440
<v Speaker 2>go a certain speed between the cameras, but so I

0:32:07.520 --> 0:32:10.160
<v Speaker 2>will do that. But then sometimes I do see people

0:32:10.200 --> 0:32:13.080
<v Speaker 2>that are clearly going far faster than me, and I'm like,

0:32:13.160 --> 0:32:16.400
<v Speaker 2>do they just not care about getting tickets or do

0:32:16.520 --> 0:32:18.000
<v Speaker 2>they have a secret that I don't know about it?

0:32:18.040 --> 0:32:21.360
<v Speaker 1>There are some ways to deal with those cameras, and

0:32:22.200 --> 0:32:24.360
<v Speaker 1>there are some ways to deal with German tickets.

0:32:24.560 --> 0:32:27.960
<v Speaker 2>Hmm, okay, well maybe I can't wait to hear.

0:32:27.960 --> 0:32:32.040
<v Speaker 1>More super legal, let's say, or maybe sub legal anyway,

0:32:32.280 --> 0:32:34.160
<v Speaker 1>spirit of the law. I just thought it was a

0:32:34.200 --> 0:32:37.560
<v Speaker 1>bad idea that Volo did that. And now they've got these,

0:32:37.880 --> 0:32:41.320
<v Speaker 1>you know, two liter four cylinders in their hybrids, which

0:32:41.360 --> 0:32:43.840
<v Speaker 1>are super boring motors in any car, even in not

0:32:43.960 --> 0:32:44.479
<v Speaker 1>a hybrid.

0:32:45.440 --> 0:32:48.560
<v Speaker 2>But Bovo never cared about being boring. That is one

0:32:48.600 --> 0:32:49.280
<v Speaker 2>thing we should say.

0:32:49.400 --> 0:32:53.880
<v Speaker 1>And they have amazing design, like I loved it, I know,

0:32:54.320 --> 0:32:58.360
<v Speaker 1>and the XT ninety that we have now beautiful.

0:32:58.560 --> 0:33:00.920
<v Speaker 2>And there is the car the most miles on it

0:33:01.000 --> 0:33:03.680
<v Speaker 2>in the world is a Volvo. It was owned, Oh,

0:33:03.800 --> 0:33:06.640
<v Speaker 2>it was owned by h IRV Gordon. Is this fing

0:33:06.800 --> 0:33:09.160
<v Speaker 2>he was a teacher and he drove this Volvo back

0:33:09.200 --> 0:33:11.760
<v Speaker 2>and forth to school for his entire career, and he

0:33:11.920 --> 0:33:14.080
<v Speaker 2>would drive it all over the country. And his car

0:33:14.200 --> 0:33:16.120
<v Speaker 2>ended up having over a million miles on it. It's

0:33:16.160 --> 0:33:17.840
<v Speaker 2>like it sets the record. I think it might have

0:33:18.000 --> 0:33:19.040
<v Speaker 2>up to three million miles.

0:33:19.160 --> 0:33:21.520
<v Speaker 1>They're awesome. I just don't feel like they're fully going

0:33:21.680 --> 0:33:26.320
<v Speaker 1>for it. Uh you know that the in car technology

0:33:26.360 --> 0:33:29.000
<v Speaker 1>isn't quite there. Polestar is another one where I feel

0:33:29.040 --> 0:33:31.520
<v Speaker 1>like they had a great chance. They had an amazing

0:33:31.600 --> 0:33:32.480
<v Speaker 1>first No, I.

0:33:32.520 --> 0:33:36.120
<v Speaker 2>Know, I was so excited, so excited, and it's completely

0:33:36.720 --> 0:33:40.520
<v Speaker 2>it's underwhelming. I think, yes, if you, I mean, I'm waiting.

0:33:40.680 --> 0:33:42.560
<v Speaker 2>I'm like, guys, what is taking so long?

0:33:42.600 --> 0:33:44.480
<v Speaker 1>I feel like they want to be an audi of evs,

0:33:44.560 --> 0:33:49.080
<v Speaker 1>but they're just there's way too slow. And Lotus hasn't

0:33:49.160 --> 0:33:50.040
<v Speaker 1>done anything.

0:33:50.120 --> 0:33:53.560
<v Speaker 2>No, Lotus hasn't done anything, And I mean no, it's

0:33:53.720 --> 0:33:54.680
<v Speaker 2>really a shame.

0:33:54.800 --> 0:33:56.840
<v Speaker 1>It's a still and that I feel like they had

0:33:56.880 --> 0:33:59.200
<v Speaker 1>a chance to really take off. And there are some

0:33:59.200 --> 0:34:01.760
<v Speaker 1>people obviously that Lotuses and there's some amazing Lotuses. I'm

0:34:01.760 --> 0:34:05.400
<v Speaker 1>sure they're super fun to drive, a little like Waight cars, right, Yeah,

0:34:06.040 --> 0:34:11.160
<v Speaker 1>But they had such a massive opportunity after James Bond

0:34:11.280 --> 0:34:14.319
<v Speaker 1>drove one and then Jason Alexander drove one A Pretty Woman,

0:34:15.440 --> 0:34:19.040
<v Speaker 1>and I think Roberts exactly.

0:34:19.160 --> 0:34:21.239
<v Speaker 2>So, I mean I've driven some of the old ones there,

0:34:21.400 --> 0:34:23.399
<v Speaker 2>I've driven some of the new ones. They drive great.

0:34:23.880 --> 0:34:28.799
<v Speaker 2>I mean they drive very elementary, rudimentary, but that can

0:34:28.840 --> 0:34:31.600
<v Speaker 2>be really fun. And there's such heritage, like they have

0:34:31.719 --> 0:34:34.160
<v Speaker 2>a thing that all of these new brands won't have

0:34:34.400 --> 0:34:37.280
<v Speaker 2>for another fifty to seventy five years, which is heritage

0:34:37.320 --> 0:34:38.640
<v Speaker 2>and history and story.

0:34:38.840 --> 0:34:42.759
<v Speaker 1>True Colin Chapman exactly. I then, apparently Gelie has a

0:34:42.800 --> 0:34:45.880
<v Speaker 1>brand in China that's top of the line like Zeeker.

0:34:45.920 --> 0:34:46.880
<v Speaker 2>That's okay, I need to.

0:34:47.040 --> 0:34:52.000
<v Speaker 1>Supposedly at least aspirational, not luxurious. Now, I was reading

0:34:52.040 --> 0:34:55.279
<v Speaker 1>the story that Chris Road and I thought, they'll never

0:34:55.360 --> 0:34:59.600
<v Speaker 1>sell Chinese evs over here. I realized they already do.

0:35:00.080 --> 0:35:02.160
<v Speaker 1>Pole stars that sell here are made in China.

0:35:02.280 --> 0:35:03.680
<v Speaker 2>Oh wow, there we go.

0:35:04.200 --> 0:35:06.440
<v Speaker 1>Okay, Yeah, anyway, great story. Check it out if you

0:35:06.760 --> 0:35:08.799
<v Speaker 1>have a chance on Bloomberg dot com or if you're

0:35:08.840 --> 0:35:12.120
<v Speaker 1>a Bloomberg client, just bio Chris Bryant for that. That's

0:35:12.160 --> 0:35:13.880
<v Speaker 1>all we have time for today.

0:35:14.600 --> 0:35:15.960
<v Speaker 2>But are you doing this weekend?

0:35:16.000 --> 0:35:21.439
<v Speaker 1>Matt being a dad again? That's good for another weekend. Yeah,

0:35:22.200 --> 0:35:25.040
<v Speaker 1>I'm preparing for Christmas, you know, So you're.

0:35:24.880 --> 0:35:26.480
<v Speaker 2>Gonna have an American Christmas, aren't you?

0:35:26.640 --> 0:35:30.360
<v Speaker 1>My daughter's first American Christmas because we usually spend it

0:35:30.440 --> 0:35:32.600
<v Speaker 1>in Spain, and it's the first time that she's also

0:35:32.680 --> 0:35:37.040
<v Speaker 1>like conscious. She's three going on fifteen, perfect, and so

0:35:37.640 --> 0:35:40.120
<v Speaker 1>I am going. My wife is getting her like an

0:35:40.200 --> 0:35:44.239
<v Speaker 1>easel and an apron, right, But I am, unbeknownst to

0:35:44.239 --> 0:35:46.440
<v Speaker 1>my wife just going to go all out and spoil

0:35:46.520 --> 0:35:46.839
<v Speaker 1>the hell.

0:35:46.920 --> 0:35:47.279
<v Speaker 2>I love it.

0:35:47.640 --> 0:35:49.120
<v Speaker 1>I love it. Going to get her like an electric

0:35:49.200 --> 0:35:51.800
<v Speaker 1>Ducati that she can ride around the driveway.

0:35:51.560 --> 0:35:52.960
<v Speaker 2>You know, good, start them young.

0:35:53.520 --> 0:35:55.879
<v Speaker 1>Not going to get her the little Bugatti. But that's

0:35:56.040 --> 0:35:56.479
<v Speaker 1>very cool.

0:35:56.800 --> 0:35:58.600
<v Speaker 2>It's like, how much does that cost? I was gonna

0:35:58.640 --> 0:36:00.680
<v Speaker 2>say it's got the price of a normal car. Really,

0:36:00.880 --> 0:36:01.439
<v Speaker 2>it's very.

0:36:01.400 --> 0:36:08.160
<v Speaker 1>Much fun though. Thanks even for me. You can catch

0:36:08.239 --> 0:36:10.600
<v Speaker 1>us again, same time, same place, next week. You can

0:36:10.680 --> 0:36:13.000
<v Speaker 1>follow me if you like, on Instagram at Matt Miller

0:36:13.080 --> 0:36:14.000
<v Speaker 1>nineteen seventy three.

0:36:14.239 --> 0:36:18.399
<v Speaker 2>And you can follow me on Instagram at Hannah Elliott XO.

0:36:19.120 --> 0:36:22.480
<v Speaker 2>That's Hannah with an H on the end and Elliott

0:36:22.520 --> 0:36:23.640
<v Speaker 2>with two l's and two p's.

0:36:24.080 --> 0:36:26.080
<v Speaker 1>Thanks for listening. I'm Matt Miller, I'm

0:36:26.080 --> 0:36:28.320
<v Speaker 2>Hannah Elliott, and this is Bloomberg