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Speaker 1: I'm Matt Miller and I'm Hannah Elliott, and this is

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Speaker 1: hot pursuit.

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Speaker 2: All right. Today on the show, as it is nearly

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Speaker 2: the end of the year, we decided to do our

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Speaker 2: winners and losers for twenty twenty three. We both put

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Speaker 2: together kind of lists. I think they're slightly different in form,

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Speaker 2: but that's good. How do you want to do this, Hannah?

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Speaker 1: You should say your winners, and I say my winners,

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Speaker 1: and then you say your losers and I say my losers.

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Speaker 2: So the one winner that I kind of just thought

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Speaker 2: about today when I was driving over here is South

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Speaker 2: Korean automotive conglomerates that I think has made such an

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Speaker 2: impact on at least American consumers in twenty twenty three

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Speaker 2: that it's notable, and that is Hyundai and Kia. I'm

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Speaker 2: not sure exactly how they're connected. I know that Hyundai

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Speaker 2: owns like a thirty three percent stake in Kia, and

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Speaker 2: Kia owns various steaks and Hyundai subsidiaries, but suffice it

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Speaker 2: to say they're a group, right, so and Genesis don't

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Speaker 2: get yeah, and they have Genesis to that's the Hyundai

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Speaker 2: luxuryary in which Kia has a stick but so you know,

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Speaker 2: I just heard about the hypes surrounding the Tell You

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Speaker 2: Ride last year, and this year it's just like I

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Speaker 2: finally people have started to be able to buy them,

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Speaker 2: because the wait list was almost a year last year.

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Speaker 2: Plus there is the EV six, which Kia makes. I

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Speaker 2: always confuse. One makes the EV six, I think, and

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Speaker 2: the other one makes the Ionic five. Yes, yes, those

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Speaker 2: are the two hot hatch like electric vehicles that are just,

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Speaker 2: I mean amazing. I've driven the Kia version. I prefer

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Speaker 2: the look of the Hyundai version. They're mechanically the same

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Speaker 2: under the skin, They're awesome. Yeah, especially for the price

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Speaker 2: because you can get in at like forty five grand

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Speaker 2: and have an amazing, super fast time the GT I

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Speaker 2: wish it had wider wheels. There things I would change,

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Speaker 2: but it's so fast that made a friend of mine

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Speaker 2: throw up.

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Speaker 1: Do you think, Okay, that's impressive. Do you think that

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Speaker 1: the interiors stand up better than like big three type

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Speaker 1: vehicles on the same level in terms of quality?

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Speaker 2: Well, I don't know. In terms of quality. I am

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Speaker 2: admittedly spoiled, and I like higher price cars both to

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Speaker 2: drive and to buy nice things. But I think you know,

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Speaker 2: at that price point. I mean, the interior seemed awesome

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Speaker 2: to me. It's not too much. It's not a luxury car,

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Speaker 2: and that's not what you expect of it. But they

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Speaker 2: I think the layouts were elegant and I never had

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Speaker 2: a problem figuring out how to use them. Plus, they

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Speaker 2: have the EV nine coming out, which I think is

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Speaker 2: universally accepted as the best three row evy that you're

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Speaker 2: going to be able to buy. Yes, in any price point.

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Speaker 1: Drove it, loved it was really right, So I drove

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Speaker 1: it shockingly. Yeah, because we don't even we don't typically

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Speaker 1: cover Kia and Hyundai on pursuits.

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Speaker 2: They're reaching on price right, they really are fifty five gran.

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Speaker 1: Yes, and they did say, hey, look we're going to

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Speaker 1: kind of shoot for Rivian, We're going to kind of

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Speaker 1: shoot for Volvo maybe some land Rover crossover. So they

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Speaker 1: are making no bones about the fact that they're ready

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Speaker 1: to fight a little bit for consumers. Yeah, and I

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Speaker 1: was really pleasantly surprised. I thought it was great well.

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Speaker 2: And the logo change that Kia did wasn't this year.

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Speaker 2: But I think all of these things combined just make

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Speaker 2: it a huge twenty twenty three winner. The logo I

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Speaker 2: think allows the brand to be more aspirational than it

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Speaker 2: was because it was an eco logo and now it's

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Speaker 2: super cool.

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Speaker 1: It's like nine inch nails. I know I've said that before,

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Speaker 1: but I can't unsee it. But it's true. That is

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Speaker 1: a case of you know, sometimes logo rebrands don't go

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Speaker 1: very well, but this one I think was great.

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Speaker 2: Right, And you mentioned Genesis, like that's they make head

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Speaker 2: turning cars. Just yesterday the Shopwright parking lot, I saw

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Speaker 2: a green and I love any car maker that puts

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Speaker 2: out of green Genesis suv and I just turned around

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Speaker 2: like what's that? Yeah? Yeah, cool?

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Speaker 1: And everybody tells me that in Korea that is really

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Speaker 1: the status symbol car and I don't think that's going

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Speaker 1: to change. I think that's only going to increase.

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Speaker 2: And their quality has increased. I mean, the cars are

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Speaker 2: fun to drive, they're affordable. The prices are rising, obviously,

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Speaker 2: but you know they're still fairly affordable considering the market.

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Speaker 2: So I just think Hondai Kia is just a huge

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Speaker 2: winner in.

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Speaker 1: Twenty I love it, Yeah, I love it. Okay. My

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Speaker 1: top winner is not going to be a surprise to anyone.

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Speaker 1: It's Ferrari everybody wants to be Ferrari. Of course, you know,

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Speaker 1: they are sold out until twenty twenty five. They've got

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Speaker 1: wildly high margins, they've got resilient demand. They are doing

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Speaker 1: pretty well in this economy, you know, where some automakers

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Speaker 1: like Mercedes and BMW are really susceptible to high interest

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Speaker 1: rates and sort of thing. Ferrari skims the top of that.

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Speaker 1: They're kind of like Urmes. A lot of the analysis

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Speaker 1: that I read from our intelligence side here at Bloomberg

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Speaker 1: compares Ferrari to Armes and other a couple other high

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Speaker 1: fashion brands like Brunello Cucinelli, just because of the fact

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Speaker 1: that they're they're really hard to get. Their owners are

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Speaker 1: not just affluent, but truly wealthy. You know, they've raised

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Speaker 1: sales guidance twice this year. You know, every analyst report

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Speaker 1: says that every other automaker, especially Portia, you know, people

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Speaker 1: are targeting Ferrari, and they're actually not even close. It's

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Speaker 1: just in a league of its own. I want to

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Speaker 1: talk about the Proro song.

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Speaker 2: What I was just gonna say, So what I mean

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Speaker 2: the thing is all the things you said about Ferrari

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Speaker 2: could be said almost every year, right, Yes, yes, but

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Speaker 2: it's a huge winner in the stock market too.

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Speaker 1: I mean, this was a challenging year and it didn't

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Speaker 1: really touch Ferrari at all.

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Speaker 2: But yeah, well, I think the one thing that Ferrari's

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Speaker 2: done this year that's the most notable that even non

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Speaker 2: gearheads would know, is they put out that no suv.

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Speaker 1: No. No, First, Matt, I have to ask, have you

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Speaker 1: driven it?

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Speaker 2: I have not driven it?

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Speaker 1: No, So what I have?

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Speaker 2: So I've neither driven it nor have I seen it

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Speaker 2: in real life? Oh god, I've only seen pictures of it. Okay, right,

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Speaker 2: the pictures I have seen it is horrendous.

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Speaker 1: Let me ask you this. Do you think that you

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Speaker 1: come off better in person are a photograph?

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Speaker 2: Definitely in person? And that's why I make that caveat

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Speaker 2: That's why they get a caby. Also, you've driven it,

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Speaker 2: so you're gonna have a better idea of it in

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Speaker 2: the specs alone. You know, Lamborghini put out an suv

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Speaker 2: that really looks cool, but it's a disappointing powertrain. If

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Speaker 2: I'm gonna be honest, Yeah, you're kidding me. You get

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Speaker 2: the same powertrain in a Porsche or an Audi.

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Speaker 1: We haven't discussed this. I'm a big Ears fan. I

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Speaker 1: thought it was fabulous, so fun and really captured the

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Speaker 1: look Unlike I would agree with you the pro Songgua

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Speaker 1: doesn't look great in the photographs that have been circulated.

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Speaker 1: I do agree with you in that, but in person

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Speaker 1: it looks a bit better. But I will say Lamborghini

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Speaker 1: did beat it on that point that I think the

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Speaker 1: Urs really captured the Lamborghini ethos better than fra.

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Speaker 2: Guy able to do. Love the Urus. I've driven it

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Speaker 2: a bunch in Italy, in Germany, and they got here

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Speaker 2: in New York. Yeah, I think it's the interior is sweet.

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Speaker 2: All of that is great. I guess what I could

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Speaker 2: say the same thing about a Cayenne a Cayenne Turbo.

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Speaker 1: You would be this amazing, You'd be that excited about it.

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Speaker 2: No meaning, here's the thing. If we're going to talk

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Speaker 2: about cars that I can't now afford and probably never

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Speaker 2: will be able to afford anyway, it's kind of we're

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Speaker 2: talking about these myths, right and to me, there has

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Speaker 2: to be something extra about a Ferrari and a Lamborghini,

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Speaker 2: a Cayenne an Audi using the same powertrain. It takes

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Speaker 2: a little away from me of the Urus and Lamborghini

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Speaker 2: will say, well, we've made it our own. Fine. The

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Speaker 2: point is it's about charged V eight. Now give me

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Speaker 2: at least a ten like a Hurrican or a twelve

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Speaker 2: like Ferrari Zone. So I applaud them for at least

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Speaker 2: doing that.

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Speaker 1: You know, we'll see next year how sales go. I

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Speaker 1: don't disagree with you that it doesn't photograph great, but

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Speaker 1: in person you've seen the meme.

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Speaker 2: Yeah, of course it looks so much like the Masta.

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Speaker 1: I didn't want to say it, but it does. But honestly,

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Speaker 1: having driven it and photographed it extensively in person, it

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Speaker 1: does look better in person, and it is fun to drive.

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Speaker 2: So all right, so I look forward to check right

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Speaker 2: out here. Great, it's cool no matter what. Anyway, I

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Speaker 2: have a winner that you previously would have disagreed with

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Speaker 2: me on. But I think I'm winning you over, and

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Speaker 2: I think the American buying public is being won over

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Speaker 2: as well. Hybrids. I've loved hybrids since the I three

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Speaker 2: and the I eight to BMW. They came with range extenders.

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Speaker 2: They were electric cars that came with range extenders. I

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Speaker 2: still love both of those cars, even the three, so

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Speaker 2: fun to drive in city. Hybrids are now the big winner.

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Speaker 2: And I think link to this is also Toyota. Okay,

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Speaker 2: Toyota has to be a huge winner here because all

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Speaker 2: of these bleeding heart liberal news organizations were writing hand

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Speaker 2: ringing stories about how Toyota has lost because they haven't

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Speaker 2: invested enough in evs. Right. The New York Times wrote

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Speaker 2: a piece like that in September. I think we wrote

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Speaker 2: a piece like that too. But the truth is, electric vehicles,

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Speaker 2: as we know from last week, are sitting on the

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Speaker 2: lot for more than fifty days before they sell. Ice

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Speaker 2: vehicles are sitting on the lot for forty days before

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Speaker 2: they sell. Hybrids only take eighteen days to disappear. Consumers

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Speaker 2: are snapping them up, and big companies like Ford have

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Speaker 2: who were making these full on like Sierra Club pushes

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Speaker 2: into evs, have now said, well, you know what, that's

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Speaker 2: maybe not such a great idea. It's gonna cost us

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Speaker 2: four and a half billion dollars this year, and losses

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Speaker 2: are saying we're gonna, we're gonna tilt words hybrids. I

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Speaker 2: think that is a pragmatic of Ford be the smart

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Speaker 2: move because I feel like hybrids are a winner for

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Speaker 2: the consumer. And see Toyota turns out looking pretty smart

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Speaker 2: in the end.

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Speaker 1: Yeah, you're right about that. Here's my question. Do you

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Speaker 1: actually think people charge the battery of their hybrid. I

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Speaker 1: know you do, But my whole.

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Speaker 2: Thing is like, they don't have to be all plug

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Speaker 2: in hybrids.

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Speaker 1: Okay, so you're talking mild hybrid and plug in.

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Speaker 2: Mild hybrids are huge winners as well. Okay, I mean

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Speaker 2: that much bigger winners. In fact, the CEO, I think

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Speaker 2: in the CEO of BMW North America was telling me like,

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Speaker 2: it's not about the plug in hybrid, because it's not

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Speaker 2: about the plug for consumers who don't want full evs.

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Speaker 2: They don't want to mess with that. No, they don't

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Speaker 2: want to install something new in the garage. They don't

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Speaker 2: want to figure out how to you know, they don't

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Speaker 2: want to wait in line at a charging station. They're

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Speaker 2: just the mild hybrid is enough because you still are

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Speaker 2: going to get I mean, what do you get on

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Speaker 2: a prius in terms of miles per gallony?

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Speaker 1: Yeah, it's seventy eight eighty. I do think you're totally right.

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Speaker 1: You know, we keep thinking maybe people will be a

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Speaker 1: little altruistic or whatever, but I think there's been no

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Speaker 1: movement at all in consumer readiness to inconvenience themselves. When

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Speaker 1: it comes to electric vehicles, if it is at all inconvenient,

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Speaker 1: they don't want it. They don't have the time, they

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Speaker 1: don't have the energy, they don't have the patience. You know,

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Speaker 1: it's got to be exactly a one to one switch

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Speaker 1: or they don't want it.

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Speaker 2: By the way, according to topspeed dot Com twenty twenty three,

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Speaker 2: Toyota Prius gets fifty seven miles.

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Speaker 1: To get to combined.

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Speaker 2: Okay, but that's amazing. You know, I drive cars they

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Speaker 2: can combine.

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Speaker 1: Okay. Another winner, I'm gonna say Rolls Royce, mostly because

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Speaker 1: they are this stayed, strong and steady brand. This is

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Speaker 1: the year that they first brought out their first electric car,

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Speaker 1: the five hundred thousand dollars Specter.

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Speaker 2: Spector is such a great sector.

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Speaker 1: It's an awesome name. It's like a James Bond movie.

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Speaker 1: I've driven it. I liked it.

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Speaker 2: Oh really, I don't know. You've driven.

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Speaker 1: I went to Cape Town to drive it.

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Speaker 2: Oh oh yeah. I would give my right arm to

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Speaker 2: drive it. I'm left handed, and I'm sure it's an automatic.

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Speaker 2: Yeah it is.

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Speaker 1: It's more Rolls Royce than Rolls Royce that's what I

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Speaker 1: would say, Like Rolls Royce is the brand that makes

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Speaker 1: itself all about smooth, silent ride like a ghost. Well,

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Speaker 1: the specter being electric is exactly that. You know, if

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Speaker 1: there's any application for electric propulsion, it kind of I

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Speaker 1: can see it in Rolls Royce and actually Rolls Royce

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Speaker 1: the executives at Rolls Royce had said one hundred years

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Speaker 1: ago that ultimately they believe their vehicles would go electric,

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Speaker 1: and that's one hundred years ago. So yeah, spector, big fan.

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Speaker 1: Rolls Royce also this year brought out their thirty million

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Speaker 1: dollar droptail. We touched on it a week or two ago.

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Speaker 1: You know this business where they make literally.

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Speaker 2: One thirty million dollar jay Z bought it.

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Speaker 1: No, no, they tell you no. The publicists sort of

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Speaker 1: started a whispering campaign about that, but that's not accurate.

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Speaker 1: So these multi multi million dollar one off bespoke creations

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Speaker 1: that are basically designed from the ground up by ultra

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Speaker 1: wealthy families is a really big business for Rolls Royce

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Speaker 1: and they're doing multiple of them a year, so that's

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Speaker 1: really good. Their CEO, Torsten Muller oat Vost, just announced

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Speaker 1: his retirement after fourteen years. He really brought the company

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Speaker 1: from the dark ages into now the world of evs.

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Speaker 1: He arrived before Ghost, before colon In really modernized the company.

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Speaker 1: And then just the fact that their order books are

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Speaker 1: full for years to come. You know, they hired more

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Speaker 1: than one hundred people in twenty twenty two to basically

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Speaker 1: help fill out their order books making these cars. They're

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Speaker 1: just so strong and solid. And you know, while we

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Speaker 1: see so much volatility, the people who are buying Rolls

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Speaker 1: Royces are not affected.

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Speaker 2: I mean, I don't I don't disagree. It's one of

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Speaker 2: my favorite brands of all time. You know, one of

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Speaker 2: my favorite cars of all time is the Ghost. I

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Speaker 2: drove it first drove it in twenty ten with Torsten Amazing,

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Speaker 2: and that was just around the island of Manhattan. But

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Speaker 2: I already knew like this is the greatest luxury car.

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Speaker 2: It's another one of those brands I probably will never

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Speaker 2: be able to afford in my lifetime to buy my

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Speaker 2: own new one.

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Speaker 1: I mean, I was going to say, you know, you

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Speaker 1: can get an older one for pretty cheap.

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Speaker 2: I know somebody who has one, and I am dying

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Speaker 2: to drive the Specter because I've read so many car

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Speaker 2: magazine You know that UK car magazine that's just called Car.

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Speaker 2: She they listed as I think the best electric car

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Speaker 2: money can buy, like if money's no options, And obviously,

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Speaker 2: because it is clearly the pinnacle of luxury Rolls Royce

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Speaker 2: and Electric totally makes sense because what you want in

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Speaker 2: that kind of car is boltloads of torque.

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Speaker 1: Yes, and you want no sound frankly exactly, That's exactly right. Yeah,

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Speaker 1: big fan, all right.

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Speaker 2: My final third winner is Tesla, which almost pains me

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Speaker 2: to say because I'm annoyed by the company for so

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Speaker 2: many reasons. Oh wow, And I think the design is

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Speaker 2: like long in the tooth. I think the interiors are

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Speaker 2: too spartan Elon Musk he like bought Twitter like, which

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Speaker 2: doesn't seem terribly intelligent to me, but especially not for

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Speaker 2: forty four billion dollars. But this doc has crushed it,

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Speaker 2: I mean crushed it. I wanted to buy Tesla when

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Speaker 2: I first heard about the brand and they were coming

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Speaker 2: to market, and Jason Harper gave me a ride in

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Speaker 2: the Roadster, which I oh wow, which was I thought

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Speaker 2: was so awesome. You know, I had never driven I'd

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Speaker 2: never driven an electric car before.

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Speaker 1: Oh that was your first?

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Speaker 2: Yeah wow? And I can't even remember if I was.

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Speaker 1: No.

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Speaker 2: I think he let me like drive it around a

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Speaker 2: parking lot. Ye, mainly Jason drove me up to Bear Mountain.

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Speaker 2: We barely made it back. I thought, Man, I want

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Speaker 2: to buy these shares. I couldn't. I can't buy shares

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Speaker 2: because I'm an anchor on Bloomberg TV. Bloomberg journalists can't

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Speaker 2: do that. We would. I would have to disclose it.

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Speaker 2: It would be a pain and it really wouldn't work

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Speaker 2: for a journalist. But if I had, I would be

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Speaker 2: so loaded. And the shares are up again this year,

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Speaker 2: more than double, and we're not even at the end

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Speaker 2: of the year yet. It's an eight hundred and twenty

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Speaker 2: billion dollar company, which is like if you put Ford

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Speaker 2: together with GM and then multiplied them by eight, they

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Speaker 2: still be smaller. I mean, even with the silliness that

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Speaker 2: the cyber truck is, it's a colossus. Tesla is a colossus. Yeah.

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Speaker 1: I just can't get excited about the cars. That's too bad.

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Speaker 2: I mean, oh, yeah, I agree with you on that.

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Speaker 2: I'm just I have two on my lists that are

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Speaker 2: like from the investment.

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Speaker 1: Yeah, I was gonna say, that's like an on paper assessment.

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Speaker 2: And I'll get to the other one. But you have

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Speaker 2: your last winner.

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Speaker 1: Oh, I was just gonna say, I think consumers won

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Speaker 1: this year. I mean we have. This is the first

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Speaker 1: year we have like dozens of evs to choose from.

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Speaker 1: Every auto maker, every luxury auto maker is all about

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Speaker 1: customization and making the car your own and offering more

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Speaker 1: options and more packages for details. And I just think

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Speaker 1: consumers have more choices than ever. Cars are safer than ever,

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Speaker 1: there are more opportunities to customize and make the car

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Speaker 1: feel like your own. I mean it's basically seamless now

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Speaker 1: between your house, your phone, and your car. These are

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Speaker 1: all huge wins. And this is a great time to

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Speaker 1: be a consumer because you can you can get kind

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Speaker 1: of whatever you want.

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Speaker 2: I get what you're saying. Oh no, I disagree on

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Speaker 2: a couple levels. Affordability is like out of control, like unaffordable.

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Speaker 1: Well I didn't say. I didn't say cars were affordable, No,

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Speaker 1: I know, but consumers like.

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Speaker 2: What can you buy? Right if you're a regular person

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Speaker 2: in terms of key of cars, even Akia is a

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Speaker 2: reach in terms of new cars for the average American, right,

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Speaker 2: I mean what I was For example, I drove the

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Speaker 2: Nissan Araya. Recently, I thought, man, this is a sweet car,

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Speaker 2: and I went to configure one and I was already

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Speaker 2: got over sixty thousand dollars. Yeah, the I mean the

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Speaker 2: F one fifty Lightning. I haven't driven yet. Actually it's

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Speaker 2: one of my losers, which I'll get to in a second,

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Speaker 2: but it's so expensive that I don't think it would

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Speaker 2: be the kind of choice my wife would approve, you know.

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Speaker 2: I mean they're just out of control expensive, and it

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Speaker 2: annoys me that they're moving away from the cars of

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Speaker 2: my youth. You know, there's no more muscle. Those are

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Speaker 2: all dead. V eight's are like practice illegal, you know.

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Speaker 2: I mean, Ford started moving away from the vas long ago,

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Speaker 2: and it's just been heartbreaking for me when they took

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Speaker 2: it out of the Raptor and now it's an ecoboostah

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Speaker 2: that's like tear jerking. You know.

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Speaker 1: This might be a little controversial, but all of your

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Speaker 1: points that you're just saying kind of support this philosophy

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Speaker 1: that I personally have, which is I don't buy new cars. Yes,

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Speaker 1: like the bigger the bigger picture here is if you

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Speaker 1: want to help save the world for me, in my mind,

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Speaker 1: don't buy new stuff that don't be consuming. Use what

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Speaker 1: already exists, you know, and that I'm such a big

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Speaker 1: believer in like, use what's already out there, don't buy,

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Speaker 1: don't create a need for people to manufacture more stuff.

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Speaker 2: No, you're you're one hundred percent right. I agree, and uh,

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Speaker 2: And I aim to stop buying new cars. I really do.

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Speaker 2: In fact, my last car that I bought knew was

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Speaker 2: the Dodge Challenger, which is like actually thirteen or fourteen

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Speaker 2: years old, right.

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Speaker 1: I mean it's almost vintage by now, I don't.

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Speaker 2: Know, and it's a few more years. And I wanted

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Speaker 2: all the options that I wanted. No, it's one hundred

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Speaker 2: percent true. And there are a lot of cars Porsche,

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Speaker 2: for example, I mean, yeah, I'd love to have an

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Speaker 2: ST yeah me, but I wouldn't we all, I can't

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Speaker 2: afford that, right, And I wouldn't really want base nine

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Speaker 2: to eleven right now, they're amazing interesting. Really why I

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Speaker 2: could is that an ego? I could buy a nine

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Speaker 2: nine one or I could buy nine six four. Oh yeah,

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Speaker 2: I mean for less money, I could buy a great

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Speaker 2: condition nine six four.

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Speaker 1: You'd rather get an older one than a brand new? Yeah,

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Speaker 1: because you get a better one.

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Speaker 2: Yeah, then you have a air cooled motor. You have

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Speaker 2: you know, an old stick, you have the classic classic look.

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Speaker 2: I mean, I love looking the new ones and they're amazing.

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Speaker 2: I drove the Caraarer Tea, yeah, and I fell in love.

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Speaker 1: So cool.

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Speaker 2: But I could for less money, I could get a

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Speaker 2: sweet old one, and that's even a better kind of keepsake. Porsche,

396
00:20:58,040 --> 00:21:00,840
Speaker 2: by the way, kicks off my list of losers. Oh wow, wow,

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Speaker 2: wow wow. This is another end a seat based, investment

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Speaker 2: based and I mean, I don't know if it's fair,

399
00:21:07,119 --> 00:21:11,399
Speaker 2: but his shares are losing. They're down fourteen percent in

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Speaker 2: twenty twenty three, which is stocks are on fire. Every

401
00:21:15,880 --> 00:21:20,040
Speaker 2: other major car maker in the Western world, right and

402
00:21:20,400 --> 00:21:23,600
Speaker 2: in Asia. I'm not sure about Chinese public trade car

403
00:21:23,920 --> 00:21:27,120
Speaker 2: to know. If I look at Toyota, if I look

404
00:21:27,200 --> 00:21:30,760
Speaker 2: at Grenaud, if I look at Honda, if I look

405
00:21:30,800 --> 00:21:37,520
Speaker 2: at BMW, Mercedes Volkswagen former owner. If I look at uh,

406
00:21:38,280 --> 00:21:43,520
Speaker 2: you know, Ford, General Motors, Stilantis crushing it right, second

407
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Speaker 2: biggest winner. If I look at any other major car maker,

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00:21:47,000 --> 00:21:49,679
Speaker 2: they're all up for the year. Porsche shares are down

409
00:21:49,760 --> 00:21:51,560
Speaker 2: fifteen percent. Why what happened?

410
00:21:51,560 --> 00:21:53,520
Speaker 1: What are you seeing? I do not know.

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Speaker 2: I think they just went out too expensive. So you know, folks,

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Speaker 2: fagn did a great job of selling Porsche, maybe at

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00:21:59,480 --> 00:22:02,960
Speaker 2: the ex act right time. They sold at the top. Yeah,

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00:22:03,119 --> 00:22:05,080
Speaker 2: and if you bought those shares, I mean, even if

415
00:22:05,080 --> 00:22:08,720
Speaker 2: you've got syndicate in the IPO, you're just yeah, you're

416
00:22:08,800 --> 00:22:09,600
Speaker 2: just treading water.

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Speaker 1: I know that has been a bit of a disappointment

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Speaker 1: because you know, they they were thinking, hey, maybe we

419
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Speaker 1: can close the gap with Ferrari. Back to my evergreen

420
00:22:17,800 --> 00:22:21,119
Speaker 1: Ferrari is a winner, and it's it's only widening. And

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00:22:21,240 --> 00:22:24,359
Speaker 1: I do think Porsche is more susceptible to some of

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00:22:24,440 --> 00:22:28,639
Speaker 1: these factors like interest rate, high interest rates than Ferrari

423
00:22:28,720 --> 00:22:31,920
Speaker 1: buyer of course, yes, because that hurts them. Hurts the margins.

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Speaker 2: I mean, Ferrari has like twenty percent margins. Yeah, only

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Speaker 2: Tesla can do that.

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Speaker 1: Rolls, Royce and Bentley have pretty healthy margins too, Like yes.

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Speaker 2: Hire they're owned right. Yeah. Before Ferrari was spun out

428
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Speaker 2: of Fiat, Porsia was the most profitable car maker in

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Speaker 2: the world. That was our Bloomberg News tagline. We'd write

430
00:22:51,760 --> 00:22:54,280
Speaker 2: Porsha the most profitable car maker in the world. Then

431
00:22:54,320 --> 00:22:57,480
Speaker 2: the whole folkswaging fiasco happened, then Tesla was invented, and

432
00:22:58,119 --> 00:23:01,000
Speaker 2: now Ferrari. But at the time, you know, their margins

433
00:23:01,040 --> 00:23:03,680
Speaker 2: were the end of everybody, and now they're they're good,

434
00:23:03,760 --> 00:23:04,200
Speaker 2: but they're not.

435
00:23:04,720 --> 00:23:06,560
Speaker 1: The last time I checked, they were still the most

436
00:23:06,640 --> 00:23:10,040
Speaker 1: profitable brand at VW and the nine to eleven of

437
00:23:10,119 --> 00:23:13,639
Speaker 1: course has the highest margin at Porsche, which is not

438
00:23:13,800 --> 00:23:17,280
Speaker 1: for nothing. But that's a real bold statement that you're

439
00:23:17,320 --> 00:23:18,400
Speaker 1: going to put them on that list.

440
00:23:18,560 --> 00:23:21,760
Speaker 2: But you know, well, I just maybe that's not fair

441
00:23:22,000 --> 00:23:23,679
Speaker 2: just from an I figured I should throw in one

442
00:23:23,680 --> 00:23:26,440
Speaker 2: from an investment perspective since it's flunger of course. No, yeah, no,

443
00:23:26,600 --> 00:23:28,400
Speaker 2: obviously I'm a Porsche fanboy.

444
00:23:28,600 --> 00:23:29,840
Speaker 1: I mean, you don't need a disclaimer.

445
00:23:29,920 --> 00:23:31,760
Speaker 2: Had a nine to eleven and I loved it so much,

446
00:23:31,800 --> 00:23:33,720
Speaker 2: and I wouldn't have sold it if I didn't have to.

447
00:23:34,200 --> 00:23:36,760
Speaker 1: They made car seats for no.

448
00:23:36,840 --> 00:23:39,040
Speaker 2: No, you know, I sold it. I bought my nine

449
00:23:39,040 --> 00:23:42,400
Speaker 2: to eleven here and it was like my dream car.

450
00:23:42,560 --> 00:23:45,240
Speaker 2: I had finally achieved one of my number one dreams.

451
00:23:45,320 --> 00:23:49,879
Speaker 2: And then I had had to move for work to Germany. Okay,

452
00:23:49,920 --> 00:23:51,440
Speaker 2: I paid to ship it over there. It was like

453
00:23:51,880 --> 00:23:54,879
Speaker 2: four or five thousand dollars, and I thank goodness I

454
00:23:54,960 --> 00:23:57,159
Speaker 2: did that because driving my nine to eleven on the

455
00:23:57,200 --> 00:24:01,480
Speaker 2: Autobahn for five years was worth it. Ith. But then

456
00:24:01,760 --> 00:24:04,119
Speaker 2: they moved me back here to New York, you know,

457
00:24:04,200 --> 00:24:07,000
Speaker 2: at the end of the pandemic, and the shipping costs

458
00:24:07,080 --> 00:24:09,240
Speaker 2: had gone up four fold. I called all around and

459
00:24:09,320 --> 00:24:11,280
Speaker 2: I was getting twenty thousand dollars quotes.

460
00:24:11,560 --> 00:24:13,920
Speaker 1: Oh my gosh, I'm a freighter.

461
00:24:13,880 --> 00:24:16,720
Speaker 2: Seventy thousand dollars car back to America for you know,

462
00:24:16,800 --> 00:24:19,840
Speaker 2: as a twenty fourteen nine nine to one. Ass loved it,

463
00:24:20,280 --> 00:24:22,200
Speaker 2: but I'm not spending that much money to ship it

464
00:24:22,280 --> 00:24:25,320
Speaker 2: back on a freighter. No, so I sold it there.

465
00:24:25,359 --> 00:24:28,280
Speaker 1: And you did you come up on the car selling

466
00:24:28,359 --> 00:24:29,240
Speaker 1: it in Germany or no?

467
00:24:29,920 --> 00:24:32,320
Speaker 2: I lost a little bit, Okay, I got it for

468
00:24:32,640 --> 00:24:36,120
Speaker 2: I got it used in twenty fourteen for ninety grand,

469
00:24:36,320 --> 00:24:38,760
Speaker 2: which was a great deal, and then I sold it

470
00:24:38,840 --> 00:24:41,680
Speaker 2: for like seventy okay, well in euros, Yeah, so maybe

471
00:24:41,720 --> 00:24:42,400
Speaker 2: seventy five grand.

472
00:24:42,400 --> 00:24:44,600
Speaker 1: Sure, all right, sorry for your loss.

473
00:24:44,800 --> 00:24:48,080
Speaker 2: Yeah, I loved it. Someday when the kids go to college,

474
00:24:48,359 --> 00:24:51,920
Speaker 2: graduate from college, or sometime after, that's what's your losing.

475
00:24:52,240 --> 00:24:54,399
Speaker 1: The first one I'm going to say, are just in

476
00:24:54,560 --> 00:24:59,520
Speaker 1: general electric pickup trucks, because this was something at least,

477
00:24:59,720 --> 00:25:02,480
Speaker 1: you know, for me that I was kind of watching

478
00:25:02,560 --> 00:25:04,640
Speaker 1: for the past few years, like, oh, this would really

479
00:25:04,720 --> 00:25:07,119
Speaker 1: make sense. The best selling vehicle in America for the

480
00:25:07,200 --> 00:25:12,200
Speaker 1: past four decades has been a truck. It makes sense

481
00:25:12,320 --> 00:25:16,800
Speaker 1: that you know, you could put him in fleets electrify him.

482
00:25:17,320 --> 00:25:21,080
Speaker 1: But it is not panned out that way exactly. Yeah,

483
00:25:21,560 --> 00:25:23,399
Speaker 1: it does not panned out that way at all. I mean,

484
00:25:23,760 --> 00:25:27,240
Speaker 1: like you mentioned, we've got EV's sitting on lots. Ford

485
00:25:27,280 --> 00:25:31,040
Speaker 1: and GM have walked back targets for production and sales,

486
00:25:31,080 --> 00:25:33,840
Speaker 1: and you know, it's just they're kind of hedging everything.

487
00:25:33,920 --> 00:25:36,760
Speaker 2: Now cyber truck is like what years, four years later.

488
00:25:37,960 --> 00:25:42,640
Speaker 1: Ten they've delivered ten. Yeah, you know, Jim Farley saying

489
00:25:42,680 --> 00:25:46,480
Speaker 1: he wants to focus on hybrids. It just it's the

490
00:25:46,600 --> 00:25:49,560
Speaker 1: first time that I'm like, oh, the future here is

491
00:25:49,720 --> 00:25:54,000
Speaker 1: uncertain with respect to the electric pickup truck.

492
00:25:54,400 --> 00:25:57,080
Speaker 2: Now, I will say my second loser was the F

493
00:25:57,160 --> 00:25:59,680
Speaker 2: one fifteen Lightning, so kind of the same thing and

494
00:26:00,040 --> 00:26:03,440
Speaker 2: for the same reasons, mainly because you know, Ford's lost

495
00:26:03,640 --> 00:26:05,600
Speaker 2: They were gonna lose three billion this year. Now they're

496
00:26:05,600 --> 00:26:07,520
Speaker 2: going to lose four and a half billion now maybe

497
00:26:07,600 --> 00:26:10,800
Speaker 2: more on electric cars. They've cut their F one fifty

498
00:26:10,920 --> 00:26:13,880
Speaker 2: Lightning production in half from thirty two hundred a week

499
00:26:13,920 --> 00:26:15,960
Speaker 2: to sixteen hundred a week. Yeah, I shot they had

500
00:26:16,080 --> 00:26:19,240
Speaker 2: like a waiting list. But I will give the caveat that.

501
00:26:19,320 --> 00:26:21,560
Speaker 2: I have not driven the F one fifty Lightning, nor

502
00:26:21,640 --> 00:26:23,639
Speaker 2: have I driven any electric pickup have you.

503
00:26:24,320 --> 00:26:28,200
Speaker 1: Yes, I've driven the Ford and I thought it was great.

504
00:26:28,359 --> 00:26:30,560
Speaker 2: Because my buddy Paul Sweeney spent a week in the

505
00:26:30,640 --> 00:26:34,360
Speaker 2: Lightning and he loved it. And he's a BMW fanboy

506
00:26:34,720 --> 00:26:37,240
Speaker 2: so and he likes an M five, he likes a

507
00:26:37,280 --> 00:26:39,600
Speaker 2: sports car, and he was a fan. But he loved it.

508
00:26:39,720 --> 00:26:42,320
Speaker 2: He never he didn't ever drive a pickup truck before

509
00:26:42,359 --> 00:26:45,800
Speaker 2: in his life, you know. And I don't think he'd

510
00:26:45,800 --> 00:26:48,280
Speaker 2: ever driven an electric vehicle either. So he spent a

511
00:26:48,320 --> 00:26:50,239
Speaker 2: week with this and he's you know, charging it at

512
00:26:50,280 --> 00:26:52,440
Speaker 2: his golf club, you know. But he said it was amazing.

513
00:26:52,720 --> 00:26:54,920
Speaker 2: He loved it so much. Even the he had no

514
00:26:55,280 --> 00:26:58,159
Speaker 2: range anxiety, he had no problem keeping it charged like

515
00:26:58,359 --> 00:27:01,760
Speaker 2: he was. He was a It was just too expensive.

516
00:27:02,000 --> 00:27:04,200
Speaker 1: Yeah, I think the expense is a huge thing, you know,

517
00:27:04,320 --> 00:27:07,240
Speaker 1: that they put all of this effort into electrifying something

518
00:27:07,280 --> 00:27:09,000
Speaker 1: that's really big and really heavy, and you kind of

519
00:27:09,080 --> 00:27:11,880
Speaker 1: have to charge a lot to earn your money back.

520
00:27:11,960 --> 00:27:15,440
Speaker 1: And I don't get the sense that the guys going

521
00:27:15,520 --> 00:27:17,879
Speaker 1: out to the work sites every day in Los Angeles

522
00:27:18,840 --> 00:27:26,920
Speaker 1: want an electric vehicle. Okay, so my next loser is Lucid. Yeah,

523
00:27:27,119 --> 00:27:30,000
Speaker 1: this has not been a good year for Lucid, which

524
00:27:30,320 --> 00:27:34,240
Speaker 1: you know, initially had such fanfare and such a glow

525
00:27:34,280 --> 00:27:37,080
Speaker 1: about it as you know, the second second coming of

526
00:27:37,440 --> 00:27:38,879
Speaker 1: a true Tesla competitor.

527
00:27:39,040 --> 00:27:41,440
Speaker 2: You know, the top of the line Lucid Air has

528
00:27:43,119 --> 00:27:43,920
Speaker 2: four horse power.

529
00:27:44,080 --> 00:27:46,040
Speaker 1: Yeah, but you know that's the only car they make.

530
00:27:46,760 --> 00:27:50,800
Speaker 1: And the problem is they can't increase factory output or

531
00:27:50,960 --> 00:27:54,760
Speaker 1: hike prices because there isn't sufficient demand for the one

532
00:27:54,880 --> 00:27:57,800
Speaker 1: car they make. They're losing money on every car they sell.

533
00:27:58,560 --> 00:28:01,440
Speaker 1: They were initially valued at like fifty five billion dollars

534
00:28:02,440 --> 00:28:04,800
Speaker 1: when the Saudi's bought them, and now they're worth just

535
00:28:04,960 --> 00:28:08,800
Speaker 1: over five billion. They're just they're not cash flow positive.

536
00:28:09,119 --> 00:28:11,840
Speaker 1: They've laid off eighteen percent of their workforce this year.

537
00:28:13,440 --> 00:28:15,920
Speaker 1: You know, they're not meeting production numbers as it is.

538
00:28:16,840 --> 00:28:20,280
Speaker 1: It's just kind of a mess. Yeah, and you know,

539
00:28:20,560 --> 00:28:24,240
Speaker 1: I drove an air a couple of years ago and

540
00:28:24,680 --> 00:28:28,920
Speaker 1: the fabrication on it was not good. And I do

541
00:28:29,200 --> 00:28:32,720
Speaker 1: tend to think products are very insightful about how a

542
00:28:32,800 --> 00:28:36,719
Speaker 1: company is run, really, because if you, I mean, if

543
00:28:36,800 --> 00:28:39,680
Speaker 1: the product, which is what consumers see, is not in

544
00:28:39,760 --> 00:28:43,480
Speaker 1: a good place, how is everything behind the scenes where

545
00:28:43,560 --> 00:28:46,320
Speaker 1: consumers can't see it. It's like this kitchen or the

546
00:28:46,360 --> 00:28:47,920
Speaker 1: bathroom in a restaurant.

547
00:28:47,520 --> 00:28:50,560
Speaker 2: You know, especially, I mean the top of the line

548
00:28:50,600 --> 00:28:52,640
Speaker 2: Lucid air costs I think two hundred and fifty grand.

549
00:28:53,440 --> 00:28:55,200
Speaker 1: Oh, I don't think it's you think the top of

550
00:28:55,240 --> 00:28:57,760
Speaker 1: the line one costs two hundred oh to make? Sorry,

551
00:28:57,760 --> 00:28:58,960
Speaker 1: I was gonna say not the price.

552
00:28:59,360 --> 00:29:03,240
Speaker 2: The price, the price come from to fifty.

553
00:29:03,960 --> 00:29:07,760
Speaker 1: They're losing money on everyone, and they're actually.

554
00:29:07,560 --> 00:29:11,240
Speaker 2: Losing more than four hundred thousand dollars on each one.

555
00:29:11,840 --> 00:29:13,800
Speaker 2: Well if you if you average it out. I just

556
00:29:13,880 --> 00:29:18,200
Speaker 2: saw a story on the Bloomberg highlighting that number. Joel

557
00:29:18,240 --> 00:29:19,240
Speaker 2: Levington may have written it.

558
00:29:19,400 --> 00:29:22,960
Speaker 1: Joel. Yeah, he's so smart. I love reading his stuff.

559
00:29:23,040 --> 00:29:25,920
Speaker 1: Thanks Joel for all the info. But yeah, it's just

560
00:29:26,160 --> 00:29:27,280
Speaker 1: it's so they lose a.

561
00:29:27,320 --> 00:29:31,920
Speaker 2: Ton and it's to me It's always been surprising because

562
00:29:33,160 --> 00:29:37,240
Speaker 2: Alan Malally I think was on the board and was

563
00:29:37,320 --> 00:29:41,360
Speaker 2: part of the whole uh move into the spac Churchill

564
00:29:41,840 --> 00:29:46,480
Speaker 2: four or whatever. And he is a hero, right, Alan

565
00:29:46,560 --> 00:29:51,120
Speaker 2: Molally turned around Ford. I mean he was a winner

566
00:29:51,200 --> 00:29:53,800
Speaker 2: at Boeing, then a winner at Ford. I mean, he's

567
00:29:54,240 --> 00:29:56,320
Speaker 2: I think he was on the board of Google. He's

568
00:29:56,520 --> 00:30:01,760
Speaker 2: like an automotive or manufacturing and selling genius. And they

569
00:30:01,880 --> 00:30:03,959
Speaker 2: still yeah, I can't believe they whiffed on that. Now

570
00:30:04,360 --> 00:30:09,560
Speaker 2: I have Dodgen Chrysler. Oh boy, boy, do tell I'm

571
00:30:09,720 --> 00:30:13,000
Speaker 2: just I could have put also just muscle cars in general,

572
00:30:13,520 --> 00:30:17,040
Speaker 2: because there's no more pretty much no more American muscle car. Really,

573
00:30:17,960 --> 00:30:21,320
Speaker 2: I could have put big inch naturally aspirated V eights,

574
00:30:21,760 --> 00:30:24,760
Speaker 2: you know, because there's no more. This is the last

575
00:30:24,880 --> 00:30:28,760
Speaker 2: year for the Challenger Charger, which had the six point

576
00:30:28,800 --> 00:30:32,720
Speaker 2: four leader Hemi or the Supercharge six point two. Those

577
00:30:33,280 --> 00:30:36,200
Speaker 2: are basically gone. You can still get the Supercharge six

578
00:30:36,240 --> 00:30:39,480
Speaker 2: point two and a TRX, but I think, oh and

579
00:30:39,520 --> 00:30:41,280
Speaker 2: you can still get the six point four liter Hemi

580
00:30:41,360 --> 00:30:45,840
Speaker 2: and a Jeep Grand Wagoneer. But those are different, you know.

581
00:30:46,000 --> 00:30:49,400
Speaker 2: Ram and Jeep are a different story. They're winners, huge winners,

582
00:30:49,440 --> 00:30:54,400
Speaker 2: in fact, dodging Chrysler after this year. The only models

583
00:30:54,560 --> 00:30:59,360
Speaker 2: that they make are the Chrysler Pacifica you know, Dak

584
00:30:59,440 --> 00:31:00,360
Speaker 2: Shepherd's van.

585
00:31:00,960 --> 00:31:03,480
Speaker 1: Oh my gosh, and they still make that.

586
00:31:04,080 --> 00:31:09,640
Speaker 2: Yeah wow, oh no, and no, and Dodge makes the Hornet, oh,

587
00:31:10,040 --> 00:31:13,080
Speaker 2: which is pretty cool. But you know, it's not the

588
00:31:13,200 --> 00:31:18,200
Speaker 2: same as no, a Challenger Hellcat or a Jeep Cherokee

589
00:31:18,320 --> 00:31:20,600
Speaker 2: track Hawk. I mean those things are right. Yeah, so

590
00:31:21,240 --> 00:31:23,640
Speaker 2: these guys, if they don't turn it around, and they

591
00:31:23,720 --> 00:31:26,479
Speaker 2: have an amazing motor. By the way, the Hurricane five

592
00:31:26,520 --> 00:31:30,560
Speaker 2: to ten they're new straight six is awesome. Like I

593
00:31:30,720 --> 00:31:33,880
Speaker 2: drove it in the in the Grand Wagon ear and

594
00:31:34,040 --> 00:31:35,720
Speaker 2: I thought it was a V eight for like three

595
00:31:35,800 --> 00:31:36,960
Speaker 2: days before I looked at the.

596
00:31:37,800 --> 00:31:41,400
Speaker 1: Let me, let's do you think any anybody under the

597
00:31:41,480 --> 00:31:43,240
Speaker 1: age of thirty cares?

598
00:31:44,000 --> 00:31:47,120
Speaker 2: Probably not? And why not? Probably not? Well, the kids

599
00:31:47,280 --> 00:31:50,360
Speaker 2: clearly don't like muscle cars. That's why the Camaro. This

600
00:31:50,480 --> 00:31:52,560
Speaker 2: is I think the last year for the Camaro, you know,

601
00:31:52,800 --> 00:31:55,880
Speaker 2: or next year. And anyway, the muscle the Camaro and

602
00:31:56,000 --> 00:31:59,360
Speaker 2: the Mustang were becoming sports cars and the Mustang definitely

603
00:31:59,440 --> 00:32:02,360
Speaker 2: is a sports car are now, so there's no more

604
00:32:02,600 --> 00:32:08,360
Speaker 2: like cheap, big displacement, you know, rear wheel drive, front

605
00:32:08,400 --> 00:32:11,080
Speaker 2: engine cars. Like I said, they only get thirteen miles

606
00:32:11,120 --> 00:32:12,840
Speaker 2: a gallon, you know if you drive them right. So

607
00:32:13,640 --> 00:32:16,120
Speaker 2: that's probably one of the big reasons. What else you got?

608
00:32:16,400 --> 00:32:20,280
Speaker 1: Okay, so my last one for today, the last loser

609
00:32:20,440 --> 00:32:23,480
Speaker 1: is Lotus And this is sort of with a caveat

610
00:32:23,600 --> 00:32:25,640
Speaker 1: that this could also be a one to watch for

611
00:32:25,800 --> 00:32:30,360
Speaker 1: next year because I do think that they have some

612
00:32:30,640 --> 00:32:34,240
Speaker 1: good product. You know, I drove the Emira that was

613
00:32:34,280 --> 00:32:36,720
Speaker 1: a fun sports cards kind of like a Cayman, and

614
00:32:36,880 --> 00:32:41,640
Speaker 1: then the Electree there Suv. I haven't driven that yet,

615
00:32:41,720 --> 00:32:44,720
Speaker 1: but I've seen that I've seen some positive reviews. So

616
00:32:45,040 --> 00:32:48,360
Speaker 1: this is kind of like, maybe they have good products,

617
00:32:48,400 --> 00:32:51,280
Speaker 1: but they only have like one and a half things

618
00:32:51,320 --> 00:32:54,240
Speaker 1: that they're selling. Last year they literally sold one hundred

619
00:32:54,240 --> 00:32:57,520
Speaker 1: and eighty cars in the United States period. And yet

620
00:32:57,560 --> 00:33:00,960
Speaker 1: they're opening, you know, all of these new detail sites.

621
00:33:01,000 --> 00:33:02,320
Speaker 1: They just open one in Mayfair.

622
00:33:02,480 --> 00:33:06,120
Speaker 2: I was gonna say, where's the dealership network? But they do. Actually, yeah,

623
00:33:06,120 --> 00:33:06,440
Speaker 2: they've did.

624
00:33:06,560 --> 00:33:09,720
Speaker 1: They opened one in China, and they're they're just they're

625
00:33:09,760 --> 00:33:12,280
Speaker 1: dropping money. They had they laid off like two hundred

626
00:33:12,320 --> 00:33:17,120
Speaker 1: people this year. So it's definitely not looking good. But

627
00:33:17,200 --> 00:33:18,960
Speaker 1: they keep saying they've got a lot of things in

628
00:33:19,040 --> 00:33:22,560
Speaker 1: the pipeline. So this is my loser slash. Well, just

629
00:33:23,080 --> 00:33:26,320
Speaker 1: keep your eye on it, because who knows they do. Yeah,

630
00:33:26,320 --> 00:33:28,440
Speaker 1: they're they're owned by Chili. I was just gonna say,

631
00:33:28,520 --> 00:33:29,680
Speaker 1: so they've got some money.

632
00:33:32,520 --> 00:33:34,240
Speaker 2: I mean, I'm not saying that's a knock on the

633
00:33:34,880 --> 00:33:39,440
Speaker 2: quality these days at all, but it is, like evs,

634
00:33:39,520 --> 00:33:42,560
Speaker 2: it'll be unpopular in America. Yeah. One thing they could

635
00:33:42,600 --> 00:33:45,440
Speaker 2: do is come back to F one. That would be sweet.

636
00:33:45,560 --> 00:33:48,520
Speaker 2: That would be really cool, but unlikely.

637
00:33:48,720 --> 00:33:51,160
Speaker 1: But they need to make they need to make some

638
00:33:51,320 --> 00:33:55,320
Speaker 1: more cars anyway. Yeah, that's I mean, old cool, old brand.

639
00:33:55,360 --> 00:33:56,720
Speaker 1: It's a shame they can't get it together.

640
00:33:56,840 --> 00:34:00,520
Speaker 2: Yeah, but you're right, letus is a loser. All right.

641
00:34:00,840 --> 00:34:03,120
Speaker 2: That's all we have time for this week. But we

642
00:34:03,280 --> 00:34:05,920
Speaker 2: are going to record another one next week, right, Yes,

643
00:34:06,000 --> 00:34:08,759
Speaker 2: we are all right. I am looking forward to that,

644
00:34:09,040 --> 00:34:12,160
Speaker 2: Hannah waits. Until then, I'll be following you, uh and

645
00:34:12,280 --> 00:34:14,280
Speaker 2: likewise on Instagram? What is your Hannah Elliott?

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Speaker 1: It's Hannah Elliott XO.

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Speaker 2: I'm Matt Miller nineteen seventy three, and what have you

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Speaker 2: got coming up.

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Speaker 1: So the nine to eleven st review finally came out today,

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Speaker 1: so you can read that online at Bloomberg dot com.

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Speaker 1: And then next week I'm going to have a recap

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Speaker 1: of the best cars that I drove in all of

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Speaker 1: twenty twenty three, so we can talk about those and

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Speaker 1: maybe some predictions for twenty twenty four.

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Speaker 2: That's excellent. I'm Matt Miller, I'm Hannah Elliott, and this

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Speaker 2: is Bloomberg