1
00:00:00,080 --> 00:00:07,000
Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

2
00:00:07,880 --> 00:00:10,760
Speaker 2: I'm Matt Miller and I'm Hannah Elliott, and this is

3
00:00:10,800 --> 00:00:11,479
Speaker 2: Hot Pursuit.

4
00:00:12,119 --> 00:00:15,320
Speaker 3: All right, this is a pretty exciting day. I mean,

5
00:00:15,320 --> 00:00:19,720
Speaker 3: I'm super pumped because you are at the Quail in Monterey.

6
00:00:20,840 --> 00:00:22,919
Speaker 2: I'm at the Quail in Monterey. I've been here for

7
00:00:23,000 --> 00:00:26,159
Speaker 2: a few hours and I'm actually currently sat in a

8
00:00:26,320 --> 00:00:30,040
Speaker 2: Bentley Bentega SUV for the purposes of this podcast that

9
00:00:30,120 --> 00:00:33,280
Speaker 2: has been very nicely loan to us. And it's fun

10
00:00:33,320 --> 00:00:36,199
Speaker 2: because I'm sitting here in the front and watching all

11
00:00:36,240 --> 00:00:38,800
Speaker 2: of the cars roll in for the day, and it's

12
00:00:38,880 --> 00:00:41,239
Speaker 2: basically a car It's like a car show. I mean,

13
00:00:41,560 --> 00:00:44,159
Speaker 2: in terms of new cars, the debuts here are just

14
00:00:44,440 --> 00:00:45,360
Speaker 2: going to be phenomenal.

15
00:00:45,560 --> 00:00:48,960
Speaker 3: Yeah, let's walk through those a little bit. Because you

16
00:00:49,000 --> 00:00:52,080
Speaker 3: sent me a list earlier. I initially wanted to talk

17
00:00:52,120 --> 00:00:56,200
Speaker 3: to some guys from Ring Brothers. They are a resto

18
00:00:56,240 --> 00:00:59,040
Speaker 3: mod company. They usually do like sixties era muscle cars,

19
00:00:59,040 --> 00:01:01,760
Speaker 3: but at the Quail doing I think nineteen seventy one

20
00:01:02,120 --> 00:01:05,720
Speaker 3: Aston Martin. But they're doing it. They're unveiling it right now,

21
00:01:06,319 --> 00:01:10,120
Speaker 3: and so they couldn't join us for this, and but

22
00:01:10,280 --> 00:01:11,880
Speaker 3: you sent me a list of like a ton of

23
00:01:11,920 --> 00:01:16,559
Speaker 3: other reveals or you know, presentations that are gonna happen.

24
00:01:16,560 --> 00:01:17,479
Speaker 3: What else is coming up?

25
00:01:17,959 --> 00:01:20,680
Speaker 2: So I have to say there are some surprises here.

26
00:01:20,680 --> 00:01:25,640
Speaker 2: For instance, Corvette will be showing two new concepts of

27
00:01:25,680 --> 00:01:27,880
Speaker 2: future cars. We talked about that a little bit last

28
00:01:27,880 --> 00:01:31,560
Speaker 2: week with Mark Royce, but I am I've seen the

29
00:01:31,600 --> 00:01:35,160
Speaker 2: cars and by the time this publishes, I guess we

30
00:01:35,200 --> 00:01:39,560
Speaker 2: can talk about it. Yeah, there's two thousand horsepower electric

31
00:01:39,760 --> 00:01:43,119
Speaker 2: and ones a hybrid ones an electric corvettes that are

32
00:01:43,120 --> 00:01:47,400
Speaker 2: called the CX concept. Yeah, yeah, I mean.

33
00:01:47,360 --> 00:01:52,720
Speaker 3: They're both two thousand horsepower. Yes, that's insane. But by

34
00:01:52,720 --> 00:01:55,040
Speaker 3: the way, that actually reminds me we can go ahead

35
00:01:55,040 --> 00:01:57,880
Speaker 3: and tease the guests we have coming up. Because speaking

36
00:01:57,960 --> 00:02:01,600
Speaker 3: of electric hypercars, Mate Remac is about to slide into

37
00:02:01,600 --> 00:02:03,080
Speaker 3: that Bentley Bentega next to you.

38
00:02:04,320 --> 00:02:08,359
Speaker 2: Yes he is, and Remac has been such an interesting

39
00:02:08,440 --> 00:02:12,240
Speaker 2: story to watch and to follow. Of course, we know

40
00:02:12,440 --> 00:02:17,400
Speaker 2: the Nevara hypercar is their world record car, but Mate

41
00:02:17,520 --> 00:02:19,280
Speaker 2: has been in the car business for so long.

42
00:02:19,320 --> 00:02:21,160
Speaker 1: Obviously he's at Bugatti as well.

43
00:02:22,600 --> 00:02:25,440
Speaker 2: And yeah, let's I think actually we might, I think

44
00:02:25,480 --> 00:02:27,919
Speaker 2: we can pull ahead. He's waiting for us so we're

45
00:02:27,919 --> 00:02:28,720
Speaker 2: gonna pull ahead.

46
00:02:29,720 --> 00:02:31,519
Speaker 3: You mean literally like you're gonna drive up.

47
00:02:32,400 --> 00:02:36,720
Speaker 2: We're gonna drive up to the executive pick up area. Now,

48
00:02:36,720 --> 00:02:39,560
Speaker 2: if I lose you, just to stick with me.

49
00:02:39,880 --> 00:02:42,320
Speaker 3: This is exciting for we haven't ever had this kind

50
00:02:42,320 --> 00:02:45,840
Speaker 3: of live action podcast on boarding.

51
00:02:46,000 --> 00:02:47,080
Speaker 1: I mean of an executive.

52
00:02:47,160 --> 00:02:50,600
Speaker 3: You're gonna drive up in your Bentley Benaga speed to

53
00:02:50,639 --> 00:02:53,240
Speaker 3: the executive pick up area at the Quail and mate

54
00:02:53,360 --> 00:02:56,560
Speaker 3: Remac is gonna get in next to you. That's cool,

55
00:02:56,760 --> 00:02:57,919
Speaker 3: that is exactly right.

56
00:02:58,080 --> 00:03:01,400
Speaker 2: And I do see him, you know, come on in,

57
00:03:02,000 --> 00:03:05,040
Speaker 2: good to see you. We're literally Matt's waiting. We got

58
00:03:05,080 --> 00:03:07,200
Speaker 2: it all set up starting.

59
00:03:08,120 --> 00:03:09,720
Speaker 3: Hi, mate, thanks so much for joint.

60
00:03:09,800 --> 00:03:10,000
Speaker 4: Dude.

61
00:03:10,040 --> 00:03:11,600
Speaker 3: I can't tell you how excited I am to talk

62
00:03:11,639 --> 00:03:14,800
Speaker 3: to you, because Hannah's been telling me about you for

63
00:03:14,840 --> 00:03:17,400
Speaker 3: a couple of years now, and I obviously have read

64
00:03:17,520 --> 00:03:20,640
Speaker 3: everything about you, and I'm talking to like Winkleman all

65
00:03:20,680 --> 00:03:23,760
Speaker 3: the time and my buddy Michael Haas, and so I'm

66
00:03:23,800 --> 00:03:27,120
Speaker 3: super pumped that we get to hear your story. If

67
00:03:27,120 --> 00:03:29,880
Speaker 3: I could just jump right in, like how did you

68
00:03:29,919 --> 00:03:32,520
Speaker 3: get started? I heard something about you used to race

69
00:03:32,639 --> 00:03:35,840
Speaker 3: like a BMW and you electrified it and that's how

70
00:03:35,960 --> 00:03:37,440
Speaker 3: that's how you got kind of the bug.

71
00:03:37,720 --> 00:03:39,560
Speaker 5: Well, I was crazy about car since I was born.

72
00:03:39,720 --> 00:03:41,880
Speaker 5: But I was born in a place where there were

73
00:03:41,920 --> 00:03:45,320
Speaker 5: almost no cars. Was in Yugoslavia at that time in

74
00:03:45,360 --> 00:03:48,480
Speaker 5: nineteen eighty eight, which is today Bosnia, so there were

75
00:03:48,520 --> 00:03:51,160
Speaker 5: basically no roads, no cars.

76
00:03:51,560 --> 00:03:53,000
Speaker 4: But I was somewhow born with a bug.

77
00:03:53,040 --> 00:03:55,000
Speaker 5: I don't know why, Like my family had nothing to

78
00:03:55,000 --> 00:03:57,880
Speaker 5: do with cars, so I always wanted to do something

79
00:03:57,920 --> 00:04:00,640
Speaker 5: with cars, anything like I wanted to be an engineer,

80
00:04:00,800 --> 00:04:02,560
Speaker 5: race driver, designer or whatever.

81
00:04:02,880 --> 00:04:04,960
Speaker 3: Did you did you study it in school?

82
00:04:06,240 --> 00:04:10,080
Speaker 5: So when the war started, my parents moved to Germany

83
00:04:11,160 --> 00:04:13,440
Speaker 5: and we were ten years there, and then ten years

84
00:04:14,200 --> 00:04:17,240
Speaker 5: after we moved to Germany, we moved to Croatia, and

85
00:04:17,760 --> 00:04:20,200
Speaker 5: in Croatia there was nothing related to cars. So the

86
00:04:20,240 --> 00:04:24,720
Speaker 5: closest that I could do in high school was mecatronics.

87
00:04:24,760 --> 00:04:32,560
Speaker 5: So that's like combining electronics and mechanics and I So

88
00:04:33,440 --> 00:04:35,880
Speaker 5: I did that because like that was like the stepping

89
00:04:35,920 --> 00:04:39,560
Speaker 5: stone to do something in university with cars later. So

90
00:04:39,680 --> 00:04:42,599
Speaker 5: I built stuff in my garage already at that time,

91
00:04:43,000 --> 00:04:49,200
Speaker 5: like in my parents' house, and I was competing in

92
00:04:49,360 --> 00:04:51,680
Speaker 5: competitions for electronics and stuff like that. So I had

93
00:04:51,680 --> 00:04:54,600
Speaker 5: two patents. When I was seventeen, I was national champion

94
00:04:54,640 --> 00:04:59,480
Speaker 5: for electronics at that age. I was then sent all

95
00:04:59,520 --> 00:05:03,160
Speaker 5: around the world to compete for Croatia in different kinds

96
00:05:03,200 --> 00:05:07,720
Speaker 5: of competitions. And that's when I bought my nineteen eighty

97
00:05:07,720 --> 00:05:10,560
Speaker 5: four BMW three series. So I was in high school

98
00:05:11,720 --> 00:05:14,440
Speaker 5: and this was I bought that car because it was

99
00:05:14,480 --> 00:05:17,479
Speaker 5: the easiest way to start racing, the cheapest way, like

100
00:05:17,520 --> 00:05:21,240
Speaker 5: an old BMW. You weld a differential easy, yeah, exactly,

101
00:05:21,320 --> 00:05:26,520
Speaker 5: like the lowest stepping stone to start. And when I

102
00:05:26,560 --> 00:05:28,600
Speaker 5: was still in high school, I started to race for

103
00:05:28,720 --> 00:05:31,960
Speaker 5: that car, and the engine blew up when I was

104
00:05:32,279 --> 00:05:35,960
Speaker 5: at one of the races. And because I was into electronics,

105
00:05:36,080 --> 00:05:38,640
Speaker 5: and because I was from Croatia where Nicola Tesla was

106
00:05:38,640 --> 00:05:41,320
Speaker 5: born as well, and Nicola Tesla has invented the alternating

107
00:05:41,360 --> 00:05:44,960
Speaker 5: current like the motor. I actually wanted to replace the

108
00:05:45,000 --> 00:05:48,200
Speaker 5: engine with a bigger one, with the newer, more modern engine,

109
00:05:48,200 --> 00:05:49,840
Speaker 5: but I didn't have the money. It was too expensive.

110
00:05:49,920 --> 00:05:51,840
Speaker 5: So I was like, okay, when I'm now already going

111
00:05:51,839 --> 00:05:54,120
Speaker 5: to invest all of my effort, all of my time,

112
00:05:54,160 --> 00:05:57,520
Speaker 5: all my money into modifying this BNW let's do something

113
00:05:57,520 --> 00:06:00,919
Speaker 5: different that can also become a business. So I decided

114
00:06:00,960 --> 00:06:04,080
Speaker 5: to make this car electric. So I did that when

115
00:06:04,080 --> 00:06:08,040
Speaker 5: I was eighteen, just when I was starting university. So

116
00:06:08,560 --> 00:06:11,760
Speaker 5: I built the BMW into an electric car in my

117
00:06:11,800 --> 00:06:17,680
Speaker 5: garage and started to race it. And was at the

118
00:06:17,680 --> 00:06:20,360
Speaker 5: time when they was zero electric cars in Croatia. Nowhere,

119
00:06:20,360 --> 00:06:21,960
Speaker 5: I never saw any electric car. And then I show

120
00:06:22,040 --> 00:06:24,120
Speaker 5: up at races with an electric car. There's an old

121
00:06:24,160 --> 00:06:24,960
Speaker 5: green BMW.

122
00:06:25,520 --> 00:06:26,680
Speaker 1: They probably what did they think?

123
00:06:26,760 --> 00:06:28,479
Speaker 4: I mean what they were laughing at me.

124
00:06:28,640 --> 00:06:30,520
Speaker 5: They were like, what the hell are you doing with

125
00:06:30,520 --> 00:06:33,320
Speaker 5: a washing machine on the racetrack, Like, you know, can

126
00:06:33,320 --> 00:06:35,520
Speaker 5: we charge our phone on the car? And all these jokes,

127
00:06:35,520 --> 00:06:38,560
Speaker 5: like I heard them all and they were like, you know,

128
00:06:38,920 --> 00:06:42,520
Speaker 5: like what is this? Like everyone was like, couldn't believe it.

129
00:06:43,320 --> 00:06:46,520
Speaker 5: And then when I started winning, they wanted to like

130
00:06:46,560 --> 00:06:48,479
Speaker 5: the other competitors. They were like, ah, they need to

131
00:06:48,520 --> 00:06:52,440
Speaker 5: ban this car because so fast, like it's different. Yeah,

132
00:06:52,720 --> 00:06:56,320
Speaker 5: all of a sudden, all yeah, exactly. And that was

133
00:06:56,320 --> 00:06:58,440
Speaker 5: a great time for me. Actually, I learned so much.

134
00:06:59,760 --> 00:07:02,599
Speaker 5: So in Crazia there was no car industry, so I

135
00:07:02,600 --> 00:07:06,240
Speaker 5: couldn't learn from anyone, so I learned everything I could

136
00:07:06,240 --> 00:07:08,960
Speaker 5: online and from books everything I could. But then I

137
00:07:08,960 --> 00:07:12,320
Speaker 5: was always building this car myself, so quickly I knew

138
00:07:12,360 --> 00:07:13,920
Speaker 5: more than I could find on the internet.

139
00:07:14,480 --> 00:07:16,840
Speaker 4: So that car became faster and faster, better and better.

140
00:07:17,120 --> 00:07:20,440
Speaker 5: And I started company in two thousand and nine because

141
00:07:21,040 --> 00:07:22,920
Speaker 5: I was like, I want to make a business out

142
00:07:22,920 --> 00:07:26,160
Speaker 5: of this. And the initial idea was to convert other

143
00:07:26,280 --> 00:07:29,720
Speaker 5: people's cars into electric cars. And I did a couple,

144
00:07:30,360 --> 00:07:35,840
Speaker 5: but I realized that's a really bad idea. Well, you know,

145
00:07:36,680 --> 00:07:38,960
Speaker 5: any car you see on the road, there have been

146
00:07:39,000 --> 00:07:42,000
Speaker 5: billions invested in that car, and before the first customer

147
00:07:42,080 --> 00:07:47,400
Speaker 5: gets his car, there have been hundreds prough types built, tested.

148
00:07:47,080 --> 00:07:47,880
Speaker 4: Salidated, and so on.

149
00:07:47,920 --> 00:07:49,240
Speaker 5: And now you know, a guy comes to you with

150
00:07:49,440 --> 00:07:51,960
Speaker 5: a car, whatever the car is, Like my first customer

151
00:07:52,040 --> 00:07:54,480
Speaker 5: or second customer was a nine to eleven Porsche, like

152
00:07:54,520 --> 00:07:57,520
Speaker 5: an old Porsche, and he gave me the car, and

153
00:07:57,560 --> 00:07:59,920
Speaker 5: I need to electrify it, And then like, you have

154
00:08:00,120 --> 00:08:02,600
Speaker 5: to do something specifically for that car. First of all,

155
00:08:02,640 --> 00:08:04,880
Speaker 5: that car is never developed to be electric, so you

156
00:08:04,920 --> 00:08:07,760
Speaker 5: don't have the right space for the battery. It's not

157
00:08:07,800 --> 00:08:10,760
Speaker 5: made to be electric, so you already make a compromise.

158
00:08:10,800 --> 00:08:13,200
Speaker 5: But then you know that one car you have to

159
00:08:13,200 --> 00:08:15,360
Speaker 5: make reliable, has to work, has to run, and has

160
00:08:15,400 --> 00:08:20,280
Speaker 5: to be user friendly. That one thing, you know, not

161
00:08:20,560 --> 00:08:23,800
Speaker 5: building one hundreds of prototypes testing everything, so it's not

162
00:08:23,840 --> 00:08:28,520
Speaker 5: really safe, it's not reliable. You know, it's just a

163
00:08:28,600 --> 00:08:31,280
Speaker 5: bad product. And then I was like, Okay, if you

164
00:08:31,280 --> 00:08:34,000
Speaker 5: want to make an electric car properly, you have to

165
00:08:34,000 --> 00:08:34,720
Speaker 5: stop from scratch.

166
00:08:34,760 --> 00:08:37,440
Speaker 4: You have to build it from the ground up.

167
00:08:37,480 --> 00:08:39,520
Speaker 5: And I had this idea of like, how would an

168
00:08:39,520 --> 00:08:42,160
Speaker 5: electric car be if you had four elected motors, one

169
00:08:42,160 --> 00:08:44,240
Speaker 5: for each wheel, where you can control each wield separately,

170
00:08:44,720 --> 00:08:47,360
Speaker 5: because that's something you cannot do with the traditional car.

171
00:08:47,840 --> 00:08:49,560
Speaker 5: And that's when I decided to make my own car.

172
00:08:49,720 --> 00:08:54,040
Speaker 5: And being inspired by Christian Koenigsek and Kurachia Pagani who

173
00:08:54,040 --> 00:08:56,320
Speaker 5: built their own car companies, and I'm like, you know,

174
00:08:56,400 --> 00:08:58,200
Speaker 5: they did it in Sweden and Italy, maybe I can

175
00:08:58,240 --> 00:09:00,839
Speaker 5: do it in Croatia. Had no idea what the hell

176
00:09:01,040 --> 00:09:04,480
Speaker 5: I was doing. Yeah, So that's that's how it started.

177
00:09:04,520 --> 00:09:09,800
Speaker 3: That's amazing, and I mean it just leads to me

178
00:09:10,960 --> 00:09:16,280
Speaker 3: so many more questions, like how did you get the

179
00:09:16,360 --> 00:09:19,640
Speaker 3: space to do it, how did you get the investment capital?

180
00:09:20,200 --> 00:09:22,200
Speaker 3: To do it because you have to be somewhat And

181
00:09:22,240 --> 00:09:24,720
Speaker 3: now now that I know your story from from this end,

182
00:09:25,280 --> 00:09:29,600
Speaker 3: you are also an incredible businessman, right, But how did

183
00:09:29,640 --> 00:09:33,280
Speaker 3: you learn that skill which is entirely different than electro

184
00:09:33,360 --> 00:09:34,400
Speaker 3: mechanic engineering.

185
00:09:35,480 --> 00:09:38,560
Speaker 5: I had no idea, man, you have to it's it's

186
00:09:38,559 --> 00:09:45,400
Speaker 5: the great filter to be able to do all that.

187
00:09:46,120 --> 00:09:51,120
Speaker 4: The wise I wouldn't be here. So in Croatia it was.

188
00:09:51,320 --> 00:09:53,400
Speaker 5: But as I was competing with that BMW, I you know,

189
00:09:53,480 --> 00:09:55,200
Speaker 5: obviously my parents were supporting me. It was a few

190
00:09:55,240 --> 00:09:57,600
Speaker 5: thousand euros for parts. It wasn't it was in nineteen

191
00:09:57,600 --> 00:10:00,800
Speaker 5: eighty four BMW with a forkliff elected motor.

192
00:10:01,160 --> 00:10:03,800
Speaker 1: Did your parents understand what you were doing? Yeah?

193
00:10:03,920 --> 00:10:07,880
Speaker 5: No, Like my my mother was like, please just finish university.

194
00:10:07,920 --> 00:10:11,280
Speaker 5: She had a job, like mom, Yeah, no, she's a

195
00:10:11,320 --> 00:10:13,800
Speaker 5: great mom. My mother is the best mom ever. But

196
00:10:15,120 --> 00:10:20,080
Speaker 5: they come you don't understand what Bosnia was when they

197
00:10:20,160 --> 00:10:23,320
Speaker 5: were growing up, like today, it's like a hundred years ago.

198
00:10:23,360 --> 00:10:25,120
Speaker 5: At that time was like three hundred years ago. Yes,

199
00:10:25,400 --> 00:10:27,880
Speaker 5: so she she was living like you know, you wouldn't

200
00:10:27,920 --> 00:10:30,600
Speaker 5: be able to imagine that. It's like a house where

201
00:10:30,640 --> 00:10:34,680
Speaker 5: the animals are living downstairs and then you have like

202
00:10:34,720 --> 00:10:37,240
Speaker 5: a floor which is not ceiling so that the warmth

203
00:10:37,320 --> 00:10:40,320
Speaker 5: can come up the living space above.

204
00:10:40,360 --> 00:10:42,480
Speaker 4: They didn't have running water in electricity like.

205
00:10:43,080 --> 00:10:44,160
Speaker 1: That in the Middle East as well.

206
00:10:44,240 --> 00:10:44,440
Speaker 4: Yeah.

207
00:10:44,480 --> 00:10:47,360
Speaker 5: Yeah, so that's you know, just one generation ago. Yes,

208
00:10:47,720 --> 00:10:50,760
Speaker 5: that's how my where I'm coming from.

209
00:10:51,080 --> 00:10:53,960
Speaker 3: It's insane that you have developed a technology that's really

210
00:10:54,000 --> 00:10:56,560
Speaker 3: like a generation ahead as well.

211
00:10:57,000 --> 00:11:00,760
Speaker 4: Yeah, that shows like how society today.

212
00:11:00,760 --> 00:11:04,320
Speaker 5: I think it's it's amazing that, you know, someone from

213
00:11:04,640 --> 00:11:07,480
Speaker 5: where I was born can do this kind of stuff today.

214
00:11:07,520 --> 00:11:11,800
Speaker 2: You know, I think was so convincing when you're asking

215
00:11:11,840 --> 00:11:15,280
Speaker 2: people to give you money and you are a random guy,

216
00:11:15,440 --> 00:11:18,359
Speaker 2: you know, with a green BMW saying.

217
00:11:18,480 --> 00:11:19,280
Speaker 4: I'll tell you the story.

218
00:11:19,480 --> 00:11:19,959
Speaker 3: How did you.

219
00:11:19,920 --> 00:11:21,400
Speaker 1: Convince him to give you money?

220
00:11:21,840 --> 00:11:22,400
Speaker 2: I have.

221
00:11:24,000 --> 00:11:28,040
Speaker 5: A thousand doors. So I didn't know how fundraising works

222
00:11:28,080 --> 00:11:30,200
Speaker 5: like today. You know, you can listen to podcasts, you

223
00:11:30,240 --> 00:11:32,679
Speaker 5: can see YouTube videos. I had no idea, no idea

224
00:11:32,679 --> 00:11:35,640
Speaker 5: how this works. I didn't know what a pitch deck is,

225
00:11:35,640 --> 00:11:36,800
Speaker 5: what pitching is, what the business.

226
00:11:36,800 --> 00:11:37,600
Speaker 4: I had no idea.

227
00:11:37,760 --> 00:11:40,760
Speaker 5: So as I was racing there, I was quite famous

228
00:11:40,760 --> 00:11:44,480
Speaker 5: in I mean it was being at Yeah, it was

229
00:11:44,559 --> 00:11:46,319
Speaker 5: in the media and there was a guy who came

230
00:11:46,360 --> 00:11:49,040
Speaker 5: to me and he said, look, I'm working for a

231
00:11:49,080 --> 00:11:51,240
Speaker 5: royal family in the Middle Least. They're always looking for

232
00:11:51,280 --> 00:11:54,720
Speaker 5: interesting stuff, like do you have something that you can

233
00:11:54,720 --> 00:11:57,000
Speaker 5: show me, maybe they would be interested. So and I

234
00:11:57,080 --> 00:11:59,000
Speaker 5: was quite good at that. So I built like a

235
00:11:59,000 --> 00:12:01,560
Speaker 5: little brochure which looked really nice. I still have it

236
00:12:02,480 --> 00:12:04,560
Speaker 5: where I had the first sketches of the car I

237
00:12:04,559 --> 00:12:05,160
Speaker 5: wanted to build.

238
00:12:05,840 --> 00:12:07,240
Speaker 4: There was no car. There was nothing.

239
00:12:07,280 --> 00:12:11,000
Speaker 5: It was just sketches and like specifications like speed, exploration,

240
00:12:11,200 --> 00:12:14,920
Speaker 5: power weight, but it was not real. There was nothing,

241
00:12:15,320 --> 00:12:17,840
Speaker 5: and he took that for sure. He went to Abu

242
00:12:17,920 --> 00:12:21,120
Speaker 5: Dhabi and he said, great, they want to buy two cars.

243
00:12:21,200 --> 00:12:23,319
Speaker 5: I was like, okay, but there's no cars, there's no company.

244
00:12:23,840 --> 00:12:26,160
Speaker 5: And then he asked me the next day, okay, so

245
00:12:26,160 --> 00:12:28,760
Speaker 5: what do you need to make that? Wow, they might

246
00:12:28,960 --> 00:12:29,959
Speaker 5: want to invest.

247
00:12:30,120 --> 00:12:31,040
Speaker 4: And I was like, I don't know.

248
00:12:31,160 --> 00:12:34,280
Speaker 5: So I sit down and build a business plan, and

249
00:12:34,960 --> 00:12:36,960
Speaker 5: of course I had no idea what I need. So

250
00:12:37,000 --> 00:12:39,160
Speaker 5: I said to develop that car, I need foe and

251
00:12:39,160 --> 00:12:41,319
Speaker 5: a half million euros. But I had no idea. I

252
00:12:41,320 --> 00:12:43,480
Speaker 5: didn't know any one person from the out industry. I

253
00:12:43,480 --> 00:12:47,599
Speaker 5: didn't know anyone, and they were like, okay, here's a

254
00:12:47,679 --> 00:12:50,120
Speaker 5: term sheet, and I get a term sheet, and I

255
00:12:50,240 --> 00:12:51,920
Speaker 5: was looking for a lawyer in Croatio who on the

256
00:12:51,960 --> 00:12:54,360
Speaker 5: stands a bench capital term sheet, and I couldn't find

257
00:12:54,400 --> 00:12:56,160
Speaker 5: a lawyer. So I was sitting there with a lawyer

258
00:12:56,520 --> 00:12:59,880
Speaker 5: who was telling me like, hmm, drag along probably means that,

259
00:13:00,160 --> 00:13:02,319
Speaker 5: and I'm like, no, that doesn't sound like it means that,

260
00:13:02,880 --> 00:13:05,800
Speaker 5: like tag along rite the first fusal like they didn't

261
00:13:05,880 --> 00:13:08,040
Speaker 5: understand it because there were no venture capital deals done

262
00:13:08,080 --> 00:13:11,600
Speaker 5: in Croatia anyway. So we had an agreement and they

263
00:13:11,640 --> 00:13:14,280
Speaker 5: want They were supposedly the lest four and a half million,

264
00:13:15,120 --> 00:13:17,640
Speaker 5: and I had two milestones. One was to show the

265
00:13:17,640 --> 00:13:21,280
Speaker 5: car at the Frankfurt Auto Show, which was nine months

266
00:13:21,360 --> 00:13:25,360
Speaker 5: later in September of twenty eleven, and then I had

267
00:13:25,400 --> 00:13:30,840
Speaker 5: to to deliver them two cars. So I started to

268
00:13:31,080 --> 00:13:33,720
Speaker 5: hire people, but no one from the outodustry. I couldn't

269
00:13:33,720 --> 00:13:36,320
Speaker 5: afford to bring in Germans, Italians or whatever. Just a

270
00:13:36,320 --> 00:13:39,800
Speaker 5: few Croatian guys that I knew were skilled, and I

271
00:13:39,840 --> 00:13:43,800
Speaker 5: rented the facility. So in April, first of April, I

272
00:13:43,880 --> 00:13:47,880
Speaker 5: had three employees joining me. I broke five FI in

273
00:13:47,920 --> 00:13:52,120
Speaker 5: Guinness World Records for the BMW and I rented the building,

274
00:13:52,360 --> 00:13:54,400
Speaker 5: so we had five months to develop and build a car,

275
00:13:54,440 --> 00:13:57,800
Speaker 5: all of us doing it for the first time, and

276
00:13:57,880 --> 00:14:00,000
Speaker 5: the investors just paid like a couple of hundred thousand,

277
00:14:00,080 --> 00:14:03,960
Speaker 5: and I said, off, but they screwed me.

278
00:14:04,920 --> 00:14:06,000
Speaker 4: So what do you mean?

279
00:14:06,480 --> 00:14:09,280
Speaker 5: I so I just convinced the wives of the guys

280
00:14:09,559 --> 00:14:11,640
Speaker 5: that worked for me that they can give up their

281
00:14:11,679 --> 00:14:13,600
Speaker 5: safe and secure jobs to work for a twenty old

282
00:14:13,640 --> 00:14:16,400
Speaker 5: guy who wants to make an electric supercar with some

283
00:14:16,480 --> 00:14:20,040
Speaker 5: Arab investors blah blah, which they did. They left their

284
00:14:20,120 --> 00:14:22,760
Speaker 5: secure jobs to work for me. I rented the building,

285
00:14:23,240 --> 00:14:28,160
Speaker 5: ordered parts and was expecting that the Arabs will do

286
00:14:28,280 --> 00:14:31,760
Speaker 5: their part. But after dragging it, you know, in contracts

287
00:14:31,800 --> 00:14:33,880
Speaker 5: and whatever, I flew to the Middle East and they

288
00:14:33,880 --> 00:14:37,360
Speaker 5: were like, we don't believe in Croatia and doing it there.

289
00:14:37,480 --> 00:14:39,920
Speaker 5: And I was super patriotic, which was a big mistake

290
00:14:39,960 --> 00:14:41,920
Speaker 5: also from my side, but it is what it is.

291
00:14:42,280 --> 00:14:44,400
Speaker 5: I really wanted to do, like to prove that you

292
00:14:44,440 --> 00:14:46,880
Speaker 5: can do it in crazy and I was like, so

293
00:14:47,280 --> 00:14:49,280
Speaker 5: they said, if you want our money, you have to

294
00:14:49,320 --> 00:14:51,680
Speaker 5: move to I would w to do it there, and

295
00:14:51,720 --> 00:14:52,600
Speaker 5: I was like, screw you.

296
00:14:52,640 --> 00:14:53,360
Speaker 4: I'm not doing that.

297
00:14:54,520 --> 00:14:57,920
Speaker 5: I want to do this in Croatia, and they were furious,

298
00:14:57,960 --> 00:14:59,760
Speaker 5: like no one says no to us. So I didn't

299
00:14:59,760 --> 00:15:03,120
Speaker 5: get anything from them anymore. And I was broke the

300
00:15:03,160 --> 00:15:05,200
Speaker 5: moment I started. I couldn't pay my guys, I couldn't

301
00:15:05,240 --> 00:15:07,160
Speaker 5: pay the rent, couldn't pay supplies.

302
00:15:07,160 --> 00:15:07,960
Speaker 4: It was a disaster.

303
00:15:08,080 --> 00:15:10,520
Speaker 5: But I thought like, okay, somehow we'll scribble the car

304
00:15:10,560 --> 00:15:13,640
Speaker 5: together and we will show it at the Frankfurt Auto

305
00:15:13,640 --> 00:15:17,600
Speaker 5: Show and they will be investors flooding our doors. So

306
00:15:17,680 --> 00:15:20,680
Speaker 5: we did finish the car, and like the electricity company

307
00:15:21,040 --> 00:15:23,560
Speaker 5: came to cut our electricity because we didn't pay the bill,

308
00:15:23,920 --> 00:15:27,880
Speaker 5: the land World throwing us out of the building. Like

309
00:15:28,080 --> 00:15:31,840
Speaker 5: I couldn't pay the guys for their salaries. We worked

310
00:15:31,920 --> 00:15:34,240
Speaker 5: day night. It was a disaster. And then we came

311
00:15:34,280 --> 00:15:36,400
Speaker 5: into Frankfurt Auto Show, still building the car in the

312
00:15:36,440 --> 00:15:38,800
Speaker 5: truck that was driving there the way to the show.

313
00:15:38,840 --> 00:15:42,960
Speaker 5: On the way to the show, and there were people

314
00:15:43,000 --> 00:15:45,680
Speaker 5: interested in customers and so on. I was twenty years old.

315
00:15:45,720 --> 00:15:49,080
Speaker 5: I had no idea what I was doing, so I

316
00:15:49,160 --> 00:15:51,160
Speaker 5: believed when people said that they would buy the car

317
00:15:51,160 --> 00:15:53,680
Speaker 5: and so on, but ninety percent of that never materializes.

318
00:15:54,080 --> 00:15:56,440
Speaker 5: Then I had to figure out the way to survive.

319
00:15:57,200 --> 00:15:59,080
Speaker 5: So I just wanted to make my own car. But

320
00:15:59,160 --> 00:16:01,160
Speaker 5: then like, how do we Like, we don't have money,

321
00:16:01,160 --> 00:16:03,360
Speaker 5: we are in debt, Like the suppliers are calling us,

322
00:16:03,600 --> 00:16:06,120
Speaker 5: they are threatening to sue me and stuff like that.

323
00:16:06,640 --> 00:16:08,240
Speaker 5: So I was like, Okay, let's do anything that brings

324
00:16:08,240 --> 00:16:11,520
Speaker 5: in money now. So we started to do things for

325
00:16:11,840 --> 00:16:16,480
Speaker 5: the outo industry, building prototypes, developing batteries, powetrys and so.

326
00:16:16,400 --> 00:16:19,000
Speaker 4: On, and they just barely barely barely.

327
00:16:18,720 --> 00:16:20,880
Speaker 5: Kept the lights on. So we took on projects that

328
00:16:20,960 --> 00:16:23,320
Speaker 5: no one else would ever touch. They were so crazy

329
00:16:23,320 --> 00:16:26,840
Speaker 5: and complexity, timing and costs, like being super cheap auto.

330
00:16:27,760 --> 00:16:29,280
Speaker 5: Like initially it was like small country.

331
00:16:29,320 --> 00:16:31,920
Speaker 3: The timing and the timing is already making me nervous

332
00:16:31,960 --> 00:16:33,680
Speaker 3: as you're telling the story.

333
00:16:34,280 --> 00:16:34,800
Speaker 4: Yeah it was.

334
00:16:34,840 --> 00:16:39,480
Speaker 5: It was awesome. My first ten years. I cannot believe,

335
00:16:39,800 --> 00:16:42,200
Speaker 5: Like looking back, I would never go through it again.

336
00:16:42,320 --> 00:16:44,400
Speaker 5: I don't think I could go through it. It was

337
00:16:44,440 --> 00:16:47,280
Speaker 5: a fucking disaster. And then when we proved ourselves, you know,

338
00:16:47,320 --> 00:16:49,680
Speaker 5: we started to do more and more bigger stuff, Like

339
00:16:50,200 --> 00:16:52,160
Speaker 5: we started like our first World Card project was the

340
00:16:52,200 --> 00:16:55,200
Speaker 5: Cunies regera battery. We were like twenty people at that time.

341
00:16:55,320 --> 00:16:57,760
Speaker 5: Then we did the battery for s Martin val Kyrie.

342
00:16:57,920 --> 00:16:59,880
Speaker 5: Then we started to do stuff for bigger car companies,

343
00:17:00,000 --> 00:17:02,400
Speaker 5: and then investors came in. The first investor, so I

344
00:17:02,480 --> 00:17:05,639
Speaker 5: bootstrapped the company for the first years. Then investors started

345
00:17:05,640 --> 00:17:08,159
Speaker 5: coming in. Then in two those eighteen portion investors for

346
00:17:08,200 --> 00:17:11,160
Speaker 5: the first time eighteen million. That was like a big

347
00:17:11,160 --> 00:17:13,600
Speaker 5: seal of approval. That was the first investment they ever did.

348
00:17:14,280 --> 00:17:16,679
Speaker 5: And then Hunda invested and then the big guys started

349
00:17:16,720 --> 00:17:18,880
Speaker 5: coming in and I raised a billion euros in the meantime.

350
00:17:19,240 --> 00:17:21,400
Speaker 3: I mean, I want to I want to talk about

351
00:17:21,400 --> 00:17:25,760
Speaker 3: the Nevara, and you asked one question. Yeah, before that,

352
00:17:26,680 --> 00:17:28,240
Speaker 3: I want to. I haven't a lot of questions before

353
00:17:28,240 --> 00:17:31,439
Speaker 3: that was my point, like I before we get to

354
00:17:31,480 --> 00:17:33,560
Speaker 3: the Navara, I was going to say, because I know

355
00:17:33,960 --> 00:17:37,280
Speaker 3: it's so cool, and I've talked to I've interviewed Nico

356
00:17:37,400 --> 00:17:40,280
Speaker 3: Rosberg about it and he was so excited. And I

357
00:17:40,320 --> 00:17:44,399
Speaker 3: know Luka Dankic got one as well. And Hannah and

358
00:17:44,480 --> 00:17:46,360
Speaker 3: I talk about the records that you make all the time,

359
00:17:46,400 --> 00:17:51,040
Speaker 3: but you do still a lot of work for other automakers, right,

360
00:17:51,080 --> 00:17:53,959
Speaker 3: I mean you I heard you have built a huge

361
00:17:54,000 --> 00:17:57,360
Speaker 3: campus now in Croatia, and you still do a lot

362
00:17:57,359 --> 00:18:00,280
Speaker 3: of other work besides just your Remax stuff.

363
00:18:01,119 --> 00:18:04,159
Speaker 5: Absolutely, so we have now three companies. So now, the

364
00:18:04,640 --> 00:18:07,680
Speaker 5: original company that I founded was called Emats Automobile, like

365
00:18:07,720 --> 00:18:10,119
Speaker 5: a car company. But then you know, the majority of

366
00:18:10,160 --> 00:18:12,480
Speaker 5: the business was actually doing other stuff for other car companies.

367
00:18:12,920 --> 00:18:15,480
Speaker 5: And then when we did the Bugatti deal five years ago,

368
00:18:15,640 --> 00:18:19,639
Speaker 5: we split the company in two. So the car stuff

369
00:18:19,680 --> 00:18:22,679
Speaker 5: became Bugatti Remas. The tech stuff that we do for

370
00:18:22,720 --> 00:18:25,560
Speaker 5: other automakes became Remats Technology. And in the meantime I

371
00:18:25,560 --> 00:18:29,040
Speaker 5: founded a third company called vern which is a robotaxi business.

372
00:18:29,320 --> 00:18:32,280
Speaker 5: So in totally are two and a half thousand employees.

373
00:18:32,480 --> 00:18:36,280
Speaker 5: Around a thousand employees is the Bugatti Remas stuff, around

374
00:18:36,320 --> 00:18:41,680
Speaker 5: a thousand three hundred employees is the tech for other companies,

375
00:18:42,040 --> 00:18:44,640
Speaker 5: and around a couple of one hundred employees for the robotaxi.

376
00:18:45,160 --> 00:18:50,000
Speaker 5: So the tech company is making batteries, powertrains, electronics stuff

377
00:18:50,000 --> 00:18:53,960
Speaker 5: like that for many other car companies BMW, Porsche, for

378
00:18:54,080 --> 00:18:57,159
Speaker 5: Bugatti as well. I mean Tech is a supplier to

379
00:18:57,160 --> 00:19:00,320
Speaker 5: Bugatti and for Emats for some stuff for some parts.

380
00:19:01,080 --> 00:19:05,080
Speaker 5: We have five billion euros of orders from other car companies,

381
00:19:06,080 --> 00:19:08,440
Speaker 5: for example from BMW that's one of our biggest customers,

382
00:19:08,480 --> 00:19:11,080
Speaker 5: Porsche as well, and so on. And we are scaling

383
00:19:11,119 --> 00:19:13,520
Speaker 5: that out now big time in Croatia with a huge

384
00:19:13,560 --> 00:19:16,639
Speaker 5: new factory that's already completely full, so many of the

385
00:19:16,640 --> 00:19:18,400
Speaker 5: cars that are coming from the market or.

386
00:19:18,560 --> 00:19:21,919
Speaker 3: And that's the like, this is what is now making

387
00:19:21,920 --> 00:19:25,000
Speaker 3: me feel so good that as a kid, you were

388
00:19:25,040 --> 00:19:27,800
Speaker 3: so patriotic that you refuse to move the business out

389
00:19:27,840 --> 00:19:33,120
Speaker 3: and you'd hire these guys who you know went with

390
00:19:33,200 --> 00:19:37,000
Speaker 3: you and quit their you know, secure jobs, and now

391
00:19:37,040 --> 00:19:40,560
Speaker 3: you're putting food on the table for like thousands of

392
00:19:40,640 --> 00:19:44,680
Speaker 3: families in Croatia. Like what an incredible feel good story, right.

393
00:19:45,280 --> 00:19:48,360
Speaker 5: Yeah, And it's like we created the whole industry in creation.

394
00:19:48,400 --> 00:19:53,560
Speaker 5: It didn't exist before. Like the most that was done

395
00:19:53,560 --> 00:19:56,639
Speaker 5: in Croatia before like was like glasses for cars, like

396
00:19:57,760 --> 00:19:59,879
Speaker 5: small suppliers, you know, and now you know, we had

397
00:19:59,880 --> 00:20:02,640
Speaker 5: to up in the most complex cars. They're like when

398
00:20:02,680 --> 00:20:05,040
Speaker 5: you walk into our campus, you see like huge production

399
00:20:05,160 --> 00:20:08,280
Speaker 5: lines that are fully automated, as robotized. And at the

400
00:20:08,320 --> 00:20:09,920
Speaker 5: same time, you know, in the same building we built

401
00:20:09,960 --> 00:20:14,280
Speaker 5: Bugatti's they're developed there and it's great. If someone told

402
00:20:14,280 --> 00:20:16,359
Speaker 5: you that fifteen years ago that that would be happening

403
00:20:16,400 --> 00:20:18,680
Speaker 5: in Croatia, no one would have Or if.

404
00:20:18,600 --> 00:20:22,159
Speaker 3: Someone told your mom, Dude, if someone told your mom like,

405
00:20:22,359 --> 00:20:25,440
Speaker 3: don't worry, he doesn't need to finish university. He's gonna

406
00:20:25,440 --> 00:20:28,040
Speaker 3: build a national champion.

407
00:20:28,560 --> 00:20:29,960
Speaker 1: Never have come back.

408
00:20:30,200 --> 00:20:34,600
Speaker 2: Tell us about the robotaxi business, because obviously that's a

409
00:20:34,600 --> 00:20:38,960
Speaker 2: really big thing everyone's talking about, you know, robo taxis.

410
00:20:39,080 --> 00:20:39,960
Speaker 1: Fill us in on that.

411
00:20:40,200 --> 00:20:40,520
Speaker 4: Okay.

412
00:20:40,560 --> 00:20:46,000
Speaker 5: So I was invited a lot to speak at different events,

413
00:20:46,080 --> 00:20:49,680
Speaker 5: at industry events and like to managements of large companies,

414
00:20:49,960 --> 00:20:51,720
Speaker 5: like they wanted like, oh, this young guy, you know

415
00:20:51,840 --> 00:20:55,919
Speaker 5: he's doing electrifications on let's let him tell us about it.

416
00:20:55,960 --> 00:20:58,160
Speaker 4: Because they were like, oh my god, the industry is changing.

417
00:20:58,160 --> 00:21:01,720
Speaker 5: Everything's going elexic freaking out, yeah, freaking out, and like

418
00:21:01,760 --> 00:21:05,280
Speaker 5: it's such a big change. And then I'm My speech

419
00:21:05,359 --> 00:21:07,960
Speaker 5: to them was like, what are you talking about? Nothing

420
00:21:08,040 --> 00:21:11,760
Speaker 5: is changing. Like you used to buy injection systems or

421
00:21:11,920 --> 00:21:16,760
Speaker 5: gearboxes or exhaust systems from Bosh Continental, Theresamie whatever, and

422
00:21:17,200 --> 00:21:19,560
Speaker 5: you build it into the car and then you sell

423
00:21:19,560 --> 00:21:21,199
Speaker 5: the car to the dealer. The dealer sells it to

424
00:21:21,200 --> 00:21:23,920
Speaker 5: the customer, and then the customer goes to the gas station,

425
00:21:24,320 --> 00:21:26,800
Speaker 5: owns the car, runs the car, brings it back to

426
00:21:26,840 --> 00:21:27,479
Speaker 5: you for service.

427
00:21:27,680 --> 00:21:30,359
Speaker 4: So today everything is the same. The only thing that changes.

428
00:21:30,400 --> 00:21:33,560
Speaker 5: You don't buy an exhaust system from Continental, you buy

429
00:21:33,600 --> 00:21:36,040
Speaker 5: an inverter, you buy a likely motory, you buy battery sells.

430
00:21:36,920 --> 00:21:38,399
Speaker 5: You make a car, you sell it to the dealer,

431
00:21:38,440 --> 00:21:40,560
Speaker 5: The dealer sells it to the customer, the customer owns

432
00:21:40,560 --> 00:21:42,879
Speaker 5: and runs it, and the customer doesn't go to the

433
00:21:42,880 --> 00:21:45,960
Speaker 5: gas station. But that that doesn't change anything for the

434
00:21:46,000 --> 00:21:49,359
Speaker 5: car manufacturers. What really changes the game is when you

435
00:21:49,400 --> 00:21:52,320
Speaker 5: don't own and don't drive the cars anymore. Everything changes,

436
00:21:52,640 --> 00:21:54,640
Speaker 5: like who is the players and who is the power

437
00:21:55,400 --> 00:21:57,920
Speaker 5: in that industry completely changes. You know, Google will come

438
00:21:58,480 --> 00:22:01,040
Speaker 5: with a spec sheet of six hundred pay just to

439
00:22:01,240 --> 00:22:05,879
Speaker 5: ten manufacturers and will say, dear Volkswagen, for Renault, who

440
00:22:06,040 --> 00:22:09,199
Speaker 5: can build me this car that I have designed for

441
00:22:09,280 --> 00:22:11,040
Speaker 5: the cheapest And they are just going to be a

442
00:22:11,040 --> 00:22:12,159
Speaker 5: white label manufacturer.

443
00:22:12,920 --> 00:22:15,520
Speaker 4: That changes everything. Soigation is nothing.

444
00:22:16,080 --> 00:22:21,119
Speaker 5: And I was giving that speech years and then an

445
00:22:21,160 --> 00:22:24,040
Speaker 5: investor came. I met him at an event and he

446
00:22:24,160 --> 00:22:26,040
Speaker 5: was like, you're making cool cars. I'll give you a

447
00:22:26,040 --> 00:22:29,560
Speaker 5: lot of money and let's compete against Tesla. And I

448
00:22:29,600 --> 00:22:32,760
Speaker 5: was like, I don't think that's a good idea. That's

449
00:22:32,800 --> 00:22:35,840
Speaker 5: like starting a CD player company in two thousand and five,

450
00:22:36,000 --> 00:22:38,840
Speaker 5: Like you can make the best CD player in the world,

451
00:22:39,440 --> 00:22:42,359
Speaker 5: but the iPhone is coming, iTunes is coming, it doesn't matter,

452
00:22:42,600 --> 00:22:45,600
Speaker 5: like to develop a car with the sewering wheel. So

453
00:22:45,640 --> 00:22:48,760
Speaker 5: I was like, you know, and I was talking about

454
00:22:48,800 --> 00:22:50,480
Speaker 5: it so much. I was like, Okay, you know what,

455
00:22:51,680 --> 00:22:53,720
Speaker 5: I really believe in this, I'm going to do it.

456
00:22:54,160 --> 00:22:59,280
Speaker 4: So I started a company to develop robotaxis with a

457
00:22:59,280 --> 00:22:59,920
Speaker 4: different view.

458
00:23:00,119 --> 00:23:02,880
Speaker 5: I mean, I think, you know, everyone is so focused

459
00:23:02,920 --> 00:23:06,359
Speaker 5: on the self driving aspect itself. I think that's a

460
00:23:06,440 --> 00:23:08,920
Speaker 5: big problem. But once it's solved, and we are close

461
00:23:09,000 --> 00:23:10,640
Speaker 5: to having it solved, as you.

462
00:23:10,560 --> 00:23:13,200
Speaker 1: Know, technology wise, technology.

463
00:23:12,680 --> 00:23:15,200
Speaker 5: I mean I'm not saying we, but like way more Tesla.

464
00:23:15,320 --> 00:23:17,919
Speaker 5: You know, many players are working on that. You know,

465
00:23:17,960 --> 00:23:20,359
Speaker 5: then it's solved, then it's about many more things like

466
00:23:20,400 --> 00:23:23,040
Speaker 5: the user experience, the safety, how do you feel the

467
00:23:23,040 --> 00:23:25,320
Speaker 5: best and use that time that you now have gained,

468
00:23:25,760 --> 00:23:29,080
Speaker 5: you know. Society capitalist society has to always grow and

469
00:23:30,600 --> 00:23:33,240
Speaker 5: predativity has to increase. One of the ways that productivity

470
00:23:33,240 --> 00:23:35,399
Speaker 5: has increased those the last two decades was that you

471
00:23:35,440 --> 00:23:39,080
Speaker 5: are always online. Hasn't been the case before, and now

472
00:23:39,119 --> 00:23:43,360
Speaker 5: you know, we are always online and the next productivity

473
00:23:43,400 --> 00:23:48,800
Speaker 5: gain okay ai, but also having more time, like you

474
00:23:48,840 --> 00:23:52,760
Speaker 5: commute one hour in average per pay, so getting that

475
00:23:52,840 --> 00:23:56,240
Speaker 5: time back, you know you're productive not just for working,

476
00:23:56,240 --> 00:23:59,200
Speaker 5: but also as a consumer or to do whatever you want.

477
00:23:59,240 --> 00:23:59,439
Speaker 4: You know.

478
00:24:00,119 --> 00:24:03,600
Speaker 5: So I fundamentally believe that this will change society. People

479
00:24:03,600 --> 00:24:06,679
Speaker 5: who are not in a position to drive today because

480
00:24:06,720 --> 00:24:08,560
Speaker 5: they are I don't know, too young, they don't have

481
00:24:08,560 --> 00:24:10,840
Speaker 5: a there's license, they are too old, they are blind.

482
00:24:10,880 --> 00:24:13,800
Speaker 5: Whatever we'll be able to get around will not rely

483
00:24:14,000 --> 00:24:18,439
Speaker 5: on other people. It's you know, people say a lot

484
00:24:18,480 --> 00:24:21,720
Speaker 5: of people lose jobs, yes, but so that was a situation.

485
00:24:21,800 --> 00:24:26,520
Speaker 5: Also when you know elevators had a elevator, boy.

486
00:24:26,720 --> 00:24:27,920
Speaker 4: No one has missing those jobs.

487
00:24:27,960 --> 00:24:30,920
Speaker 5: No one will miss the miserable jobs of truck drivers

488
00:24:31,200 --> 00:24:33,040
Speaker 5: sitting in a little room.

489
00:24:32,920 --> 00:24:37,040
Speaker 4: For a whole you know day for weeks.

490
00:24:36,480 --> 00:24:36,760
Speaker 2: I just.

491
00:24:38,240 --> 00:24:40,879
Speaker 5: I just think that this will really change society and

492
00:24:40,960 --> 00:24:43,879
Speaker 5: there's lots of opportunity with it. I never believed in

493
00:24:43,920 --> 00:24:47,520
Speaker 5: making a high volume carve for us. I never wanted

494
00:24:47,520 --> 00:24:49,440
Speaker 5: to go out to Testa and I was like, Okay,

495
00:24:49,480 --> 00:24:51,399
Speaker 5: how can you have a bigger impact, How can Kreatia

496
00:24:51,480 --> 00:24:53,920
Speaker 5: become really a big player in the out industry.

497
00:24:54,480 --> 00:24:59,000
Speaker 3: That's how it's amazing, such an amazing story. And we

498
00:24:59,040 --> 00:25:04,320
Speaker 3: haven't even gotten to the record breaking hypercar yet. Tell

499
00:25:04,400 --> 00:25:07,400
Speaker 3: us a little bit about the Neva, because did you

500
00:25:07,480 --> 00:25:10,040
Speaker 3: only make like one hundred and fifty of them?

501
00:25:10,280 --> 00:25:13,679
Speaker 4: Or want to take one hundred and fifty? But the

502
00:25:13,720 --> 00:25:14,959
Speaker 4: market is not there, you know.

503
00:25:15,040 --> 00:25:18,840
Speaker 5: We we sold around seventy seventy five, which is like

504
00:25:18,960 --> 00:25:22,280
Speaker 5: the highest it's the most successful electric sports car in

505
00:25:22,280 --> 00:25:22,639
Speaker 5: the world.

506
00:25:23,520 --> 00:25:26,240
Speaker 4: It's you know, it's my baby. I shed so much

507
00:25:26,280 --> 00:25:27,080
Speaker 4: blood for that car.

508
00:25:27,200 --> 00:25:29,000
Speaker 3: And it costs What does it cost to buy one?

509
00:25:30,400 --> 00:25:32,800
Speaker 5: The Neva started from two million, The Nevera R is

510
00:25:32,800 --> 00:25:36,040
Speaker 5: two point three plus the options. So from let's say

511
00:25:36,240 --> 00:25:38,520
Speaker 5: two million until three million is the pricing.

512
00:25:39,720 --> 00:25:41,560
Speaker 4: And you know, the customers who have it love it.

513
00:25:41,920 --> 00:25:45,200
Speaker 5: But I realized, you know, and I was public about it,

514
00:25:45,440 --> 00:25:47,560
Speaker 5: shooting myself a little bit in the foot, But that's

515
00:25:47,600 --> 00:25:52,720
Speaker 5: how I am that. You know, people in this market,

516
00:25:53,160 --> 00:25:56,239
Speaker 5: they just don't want electric cars. And I compared it

517
00:25:56,320 --> 00:25:59,960
Speaker 5: to watches, you know, like I mean, I'm an Apple watch,

518
00:26:00,560 --> 00:26:04,159
Speaker 5: and this watch can do everything better than a Ptec Philip,

519
00:26:04,320 --> 00:26:07,840
Speaker 5: than a Rolex whatever, and can do thousand things more,

520
00:26:08,760 --> 00:26:11,359
Speaker 5: just like the Neveda is better in so many things

521
00:26:11,600 --> 00:26:14,920
Speaker 5: than combustion hypercars. But no one is paying two hundred

522
00:26:14,960 --> 00:26:16,080
Speaker 5: thousand for an Apple Watch.

523
00:26:16,320 --> 00:26:21,160
Speaker 3: It's funny because I agree one hundred percent, and yet

524
00:26:21,680 --> 00:26:25,879
Speaker 3: I still would prefer to wear my Rolex Mechanical watch,

525
00:26:26,640 --> 00:26:28,960
Speaker 3: even though the Apple Watch does everything that. Now I

526
00:26:29,000 --> 00:26:33,679
Speaker 3: wear a Whoop band as well, so I wear two things.

527
00:26:34,320 --> 00:26:37,879
Speaker 3: But I just you know, it's it's the same with cars.

528
00:26:38,000 --> 00:26:42,520
Speaker 3: I have had such incredible experience as in electric cars

529
00:26:42,520 --> 00:26:45,840
Speaker 3: over this last year, I've really been a convert because

530
00:26:46,200 --> 00:26:48,840
Speaker 3: they're so quick. You know, in New York traffic, a

531
00:26:48,880 --> 00:26:50,320
Speaker 3: lot of times you want to be darting in and

532
00:26:50,359 --> 00:26:52,959
Speaker 3: out between other cars. And it's much safer an electric

533
00:26:53,000 --> 00:26:58,080
Speaker 3: car because you have that instant torque. And yet I

534
00:26:58,160 --> 00:27:01,800
Speaker 3: really love the vibration and the smell, the feel, the

535
00:27:01,960 --> 00:27:06,440
Speaker 3: sound of an old technology gasoline car with no turbo

536
00:27:06,560 --> 00:27:10,080
Speaker 3: chargers and big displacement. And I mean, look, you have

537
00:27:10,480 --> 00:27:13,600
Speaker 3: also spanned both sides of the aisle right because you

538
00:27:13,680 --> 00:27:17,320
Speaker 3: have Rimac and the Navara on the one hand, but

539
00:27:17,400 --> 00:27:20,640
Speaker 3: you also work so closely with Bugatti, and you brought

540
00:27:20,760 --> 00:27:24,120
Speaker 3: the how do you call it? Turbillone to life there.

541
00:27:24,440 --> 00:27:28,440
Speaker 3: Tell us about, you know, your endeavor into the IC

542
00:27:28,960 --> 00:27:29,800
Speaker 3: side of the business.

543
00:27:30,720 --> 00:27:31,680
Speaker 4: Well, you know, I'm a car guy.

544
00:27:31,720 --> 00:27:33,800
Speaker 5: I have a car collection just like you said, Like,

545
00:27:33,960 --> 00:27:36,920
Speaker 5: if you look at my car collection, it's all combustion cars,

546
00:27:36,920 --> 00:27:40,000
Speaker 5: many of them old, you know, like Porti, Karagi TV

547
00:27:40,119 --> 00:27:43,360
Speaker 5: ten actually aspirated, or like a BMW E thirty nine

548
00:27:43,560 --> 00:27:45,520
Speaker 5: V eight and at sheally aspirated. You know that kind

549
00:27:45,520 --> 00:27:48,840
Speaker 5: of stuff. And when I was asked by folks finding

550
00:27:48,880 --> 00:27:51,280
Speaker 5: to take the company or to take Bugattio or they

551
00:27:51,280 --> 00:27:55,040
Speaker 5: were like they're thinking, was Bugatti needs to go electric.

552
00:27:55,240 --> 00:27:57,399
Speaker 5: This guy's making like the supercars, so let's give it

553
00:27:57,400 --> 00:28:00,560
Speaker 5: to him. He'll make, you know, transition Bugatti to electric.

554
00:28:01,200 --> 00:28:03,720
Speaker 5: And then when I took over, I was like, no, wait, guys,

555
00:28:03,720 --> 00:28:04,480
Speaker 5: this is wrong.

556
00:28:04,560 --> 00:28:07,760
Speaker 1: Like how did that go over the They.

557
00:28:07,600 --> 00:28:09,199
Speaker 5: Were like screaming at me, like you don't know what

558
00:28:09,240 --> 00:28:12,560
Speaker 5: you're talking about, Like you you have no idea how

559
00:28:12,560 --> 00:28:14,520
Speaker 5: to develop a hybrid car. You don't know what it

560
00:28:14,560 --> 00:28:16,640
Speaker 5: takes to develop a combustion engine. I was like, yeah,

561
00:28:16,680 --> 00:28:20,040
Speaker 5: before I developed nevera I was in high school, so

562
00:28:21,080 --> 00:28:25,320
Speaker 5: high school too. To develop my own car from ground

563
00:28:25,400 --> 00:28:27,520
Speaker 5: up in a country that never did it with super

564
00:28:27,520 --> 00:28:30,639
Speaker 5: limited resources is a bigger step than going from that

565
00:28:31,480 --> 00:28:35,760
Speaker 5: to develop the turbion. So what I did was so

566
00:28:35,880 --> 00:28:38,680
Speaker 5: the emats funded to develop That's an interesting story actually,

567
00:28:38,960 --> 00:28:43,000
Speaker 5: So I contacted Costward to develop a V sixteen and

568
00:28:43,040 --> 00:28:44,760
Speaker 5: actually asked for an engine and they were like So

569
00:28:44,800 --> 00:28:46,680
Speaker 5: I called out of the blue the general manager of

570
00:28:46,680 --> 00:28:50,360
Speaker 5: Costword bruce Wood, great guy by the way, and I

571
00:28:50,400 --> 00:28:52,200
Speaker 5: was like, hey, you know, you might have heard of

572
00:28:52,240 --> 00:28:55,000
Speaker 5: this electric car company from Creatia emails. That's me, you know,

573
00:28:55,400 --> 00:28:59,720
Speaker 5: and like, here comes an unusual request. How about can

574
00:28:59,760 --> 00:29:02,400
Speaker 5: you developed a sixteen cylinder natural spread engine with the

575
00:29:02,400 --> 00:29:05,560
Speaker 5: thousand horsepower? He was like, okay, yeah, why not? So

576
00:29:05,600 --> 00:29:10,240
Speaker 5: we started to develop that before I took and so

577
00:29:10,360 --> 00:29:12,240
Speaker 5: what I wanted to do was to bring it so

578
00:29:12,400 --> 00:29:16,840
Speaker 5: far to get rid of all the nose that folks

579
00:29:17,160 --> 00:29:19,160
Speaker 5: and Porsche we are saying, like all of the reasons

580
00:29:19,160 --> 00:29:22,120
Speaker 5: why to not do it. So we funded it without

581
00:29:22,160 --> 00:29:25,320
Speaker 5: knowing if the deal would come true. So we paid

582
00:29:25,480 --> 00:29:29,360
Speaker 5: the development of the sixteen cylinder engine as an electric

583
00:29:29,400 --> 00:29:29,920
Speaker 5: car company.

584
00:29:29,960 --> 00:29:30,440
Speaker 4: Crazy thing.

585
00:29:30,640 --> 00:29:33,320
Speaker 5: The biggest car, the biggest engine in the world has

586
00:29:33,360 --> 00:29:36,280
Speaker 5: been developed, the biggest road car engine has been developed

587
00:29:36,320 --> 00:29:37,360
Speaker 5: by an electric car company.

588
00:29:37,560 --> 00:29:39,320
Speaker 4: Great for two years, and.

589
00:29:39,240 --> 00:29:42,720
Speaker 5: Then when I took Bugatti over, I was like, you know,

590
00:29:42,800 --> 00:29:45,240
Speaker 5: presented them with everything, and for every no they had

591
00:29:45,280 --> 00:29:49,800
Speaker 5: and for every concern, we already we already built a prototype,

592
00:29:50,360 --> 00:29:52,480
Speaker 5: the durability rounds, We knew how much it would cost,

593
00:29:52,480 --> 00:29:54,560
Speaker 5: we knew emissions, we knew everything. And then they were

594
00:29:54,600 --> 00:29:58,600
Speaker 5: like like, okay, okay, go go like do it. And

595
00:29:58,800 --> 00:30:01,120
Speaker 5: today when I talk about it about it with them,

596
00:30:01,120 --> 00:30:04,360
Speaker 5: they're like, oh, thanks God, Like because if the if

597
00:30:04,400 --> 00:30:07,280
Speaker 5: the Tourbion was electric, even being a Bugatti, even being beautiful,

598
00:30:07,680 --> 00:30:08,720
Speaker 5: now they've been a disaster.

599
00:30:09,120 --> 00:30:14,520
Speaker 2: Wow. Can I ask, though, you know, everyone we're saying, okay,

600
00:30:14,560 --> 00:30:18,360
Speaker 2: people don't want an electric supercar right now. In the end,

601
00:30:18,720 --> 00:30:22,200
Speaker 2: are we still getting to a world of electric cars?

602
00:30:22,440 --> 00:30:22,640
Speaker 4: Yeah?

603
00:30:23,280 --> 00:30:25,239
Speaker 2: Okay, So this is something that you know, I've been

604
00:30:25,280 --> 00:30:27,600
Speaker 2: talking a lot to dealers and about dealers lately, and

605
00:30:27,640 --> 00:30:30,080
Speaker 2: the dealers are not wanting to sell electric cars. Yes,

606
00:30:30,120 --> 00:30:33,000
Speaker 2: but in the long run, and tell me if I'm wrong,

607
00:30:33,120 --> 00:30:35,280
Speaker 2: we are still going electric.

608
00:30:34,840 --> 00:30:36,440
Speaker 5: Absolutely, and it makes a lot of sense I'm not

609
00:30:36,560 --> 00:30:39,520
Speaker 5: anti electric car, yeah forbid. You know, I think it's

610
00:30:39,560 --> 00:30:42,880
Speaker 5: a great technology, just like with watches. So ninety percent

611
00:30:43,040 --> 00:30:46,840
Speaker 5: of watches are digital, but ninety percent of the profits

612
00:30:46,880 --> 00:30:52,160
Speaker 5: of watchmaking come from the extent of the Swiss watches,

613
00:30:52,280 --> 00:30:57,120
Speaker 5: ninety percent of the profits. So I think majority of

614
00:30:57,160 --> 00:30:59,200
Speaker 5: cars will be electric, and it makes so much sense.

615
00:30:59,200 --> 00:31:02,760
Speaker 5: It's so much better, no question about that. What I

616
00:31:02,760 --> 00:31:06,080
Speaker 5: don't like is government mandate that it needs to be pushed, like,

617
00:31:06,720 --> 00:31:10,360
Speaker 5: you know, make the cars better and cheaper and the

618
00:31:10,400 --> 00:31:11,640
Speaker 5: customers will take them.

619
00:31:11,800 --> 00:31:13,440
Speaker 4: You know, don't mandate.

620
00:31:13,040 --> 00:31:16,840
Speaker 5: It, because that's what gets you the in creation, we

621
00:31:16,920 --> 00:31:19,520
Speaker 5: have a word for dishbet I don't know how to backlash.

622
00:31:19,960 --> 00:31:22,800
Speaker 3: We have backlash in the US, right. You have people

623
00:31:22,840 --> 00:31:25,040
Speaker 3: who don't want to be told what to do by

624
00:31:25,080 --> 00:31:28,960
Speaker 3: big brother, and so if you mandate it, they will

625
00:31:29,360 --> 00:31:31,880
Speaker 3: immediately go the other way. I'm kind of like that myself.

626
00:31:31,880 --> 00:31:35,160
Speaker 5: Exactly, yeah, exactly exactly. That's that's the thing. So you

627
00:31:35,240 --> 00:31:37,360
Speaker 5: have that today, you know, that's what people are like.

628
00:31:37,440 --> 00:31:40,560
Speaker 5: They feel repelled by this push of like why do

629
00:31:40,600 --> 00:31:44,280
Speaker 5: you want to take combustion cars away from me? So yes,

630
00:31:44,760 --> 00:31:47,400
Speaker 5: But on the other side, like think about it, in

631
00:31:47,440 --> 00:31:51,680
Speaker 5: this way. So even if one hundred percent of sales

632
00:31:51,720 --> 00:31:54,000
Speaker 5: of cars are electric new cars, it takes still a

633
00:31:54,040 --> 00:31:56,640
Speaker 5: decade to replace the fleet. So if you look at

634
00:31:56,640 --> 00:31:58,840
Speaker 5: the parking lot, like when we'll like look at this

635
00:31:58,920 --> 00:32:01,680
Speaker 5: parking lot over there. So maybe five percent or ten

636
00:32:01,720 --> 00:32:04,520
Speaker 5: percent of cars on that parking lot today are electric.

637
00:32:04,880 --> 00:32:08,200
Speaker 5: When will that parking lot be one hundred percent electric?

638
00:32:08,440 --> 00:32:12,600
Speaker 5: I say never? Why because it will be thirty forty percent,

639
00:32:13,280 --> 00:32:16,840
Speaker 5: So not market share, that's a different thing. Thirty percent

640
00:32:16,880 --> 00:32:19,760
Speaker 5: maybe of all the cars on the road will be electric,

641
00:32:20,080 --> 00:32:22,680
Speaker 5: and then the parking lot will disappear, Yeah, because it

642
00:32:22,720 --> 00:32:25,360
Speaker 5: will be autonomous. I see, that's my view.

643
00:32:25,760 --> 00:32:28,880
Speaker 3: Yeah, well, or maybe much smaller because some people still

644
00:32:28,920 --> 00:32:30,640
Speaker 3: want to drive the turbion right.

645
00:32:31,320 --> 00:32:34,120
Speaker 5: Absolutely, And you know, I don't want to take ownership

646
00:32:34,200 --> 00:32:36,760
Speaker 5: like some people think that I want to take ownership

647
00:32:36,800 --> 00:32:39,880
Speaker 5: away from people. Whatever, it's a choice. Like you know, horses.

648
00:32:40,080 --> 00:32:42,520
Speaker 5: Everyone used to have horses, Like my mother still had

649
00:32:42,560 --> 00:32:46,720
Speaker 5: horses to pull stuff around, not because it was like

650
00:32:46,800 --> 00:32:51,840
Speaker 5: fancy riding, but the work. And everyone used to have them. Today,

651
00:32:52,080 --> 00:32:54,920
Speaker 5: none forbids you to have them. If it's so important

652
00:32:54,960 --> 00:32:58,400
Speaker 5: to you, if you so much much like it too,

653
00:32:59,240 --> 00:33:02,080
Speaker 5: you know, have the investment four horse the time, you know,

654
00:33:02,200 --> 00:33:02,920
Speaker 5: the effort.

655
00:33:02,720 --> 00:33:06,840
Speaker 1: To Georgina Bloomberg, perfect example. You know you can still Austrian.

656
00:33:07,000 --> 00:33:08,880
Speaker 1: Of course, I think it's course.

657
00:33:09,280 --> 00:33:13,480
Speaker 3: Katie Greefeld, my co anchor on Open Interest, she every

658
00:33:13,560 --> 00:33:16,480
Speaker 3: day she leaves this office and goes to ride her horse.

659
00:33:16,520 --> 00:33:20,120
Speaker 3: But obviously ninety nine percent of the employees in this

660
00:33:20,160 --> 00:33:21,440
Speaker 3: building do not do that.

661
00:33:22,040 --> 00:33:22,240
Speaker 4: Right.

662
00:33:22,560 --> 00:33:24,280
Speaker 5: Yeah, but you know, if you think about the car,

663
00:33:24,480 --> 00:33:27,840
Speaker 5: like you worry about it more than about yourself. You

664
00:33:28,000 --> 00:33:29,480
Speaker 5: take it to service more often than you go to

665
00:33:29,520 --> 00:33:33,600
Speaker 5: a doctor. You worry about parking, cleaning, whatever. It's a

666
00:33:33,640 --> 00:33:36,040
Speaker 5: hassle and if you're used to it, our generation is

667
00:33:36,120 --> 00:33:38,880
Speaker 5: used to it. But like someone born today has to

668
00:33:38,880 --> 00:33:41,080
Speaker 5: go three months to get the driver's license, has to

669
00:33:41,120 --> 00:33:43,560
Speaker 5: have the second investment of their life, second largest investment

670
00:33:43,560 --> 00:33:45,960
Speaker 5: after their housing, being a car, and so on, most

671
00:33:45,960 --> 00:33:47,840
Speaker 5: people will say, no, why when I have a super

672
00:33:47,840 --> 00:33:51,680
Speaker 5: convenient option of an autonomous car driving me around. Some

673
00:33:51,720 --> 00:33:53,760
Speaker 5: people will still make that choice, and great, I'm one

674
00:33:53,800 --> 00:33:56,640
Speaker 5: of them. I will have cars, but I think most

675
00:33:56,640 --> 00:33:57,160
Speaker 5: people won't.

676
00:33:57,360 --> 00:33:58,280
Speaker 4: You know that changes.

677
00:33:58,560 --> 00:34:02,200
Speaker 3: One thing that's hilarious is the thought experiment. I recently

678
00:34:02,200 --> 00:34:06,800
Speaker 3: saw someone saying like, what if we started with electric

679
00:34:06,880 --> 00:34:10,160
Speaker 3: cars and then one hundred years later somebody was like, Hey,

680
00:34:10,200 --> 00:34:13,600
Speaker 3: I have a new idea. Let's do an internal combustion engine.

681
00:34:13,920 --> 00:34:17,920
Speaker 3: We use oil from the ground and it makes explosions

682
00:34:17,920 --> 00:34:21,480
Speaker 3: in the car. It's super noisy, it's really smelly, it's

683
00:34:21,600 --> 00:34:24,440
Speaker 3: very polluting, and you drive around like that and somebody'll

684
00:34:24,440 --> 00:34:26,200
Speaker 3: be like, that's a horrible idea.

685
00:34:26,920 --> 00:34:27,680
Speaker 4: Yeah, exactly.

686
00:34:27,840 --> 00:34:32,360
Speaker 2: Well electric cars initially we're marketed toward women right as yes, quiet,

687
00:34:32,719 --> 00:34:33,279
Speaker 2: easy to.

688
00:34:33,280 --> 00:34:34,400
Speaker 1: Maintain and start.

689
00:34:34,440 --> 00:34:37,080
Speaker 2: You know, it's the car you buy your wife at

690
00:34:37,080 --> 00:34:40,800
Speaker 2: the other turn of the century, the previously. But I'm curious,

691
00:34:40,920 --> 00:34:46,560
Speaker 2: are are tariffs uh disruptive to your business and what

692
00:34:46,600 --> 00:34:47,080
Speaker 2: you're doing?

693
00:34:47,719 --> 00:34:48,759
Speaker 4: Well, it's uncertainty.

694
00:34:49,360 --> 00:34:50,239
Speaker 1: It's the uncertainty.

695
00:34:50,200 --> 00:34:50,399
Speaker 4: Yah.

696
00:34:50,480 --> 00:34:54,239
Speaker 5: Yeah, Like you know, so we have so around forty

697
00:34:54,520 --> 00:34:57,279
Speaker 5: of our market is US. So we'll got to you

698
00:34:57,280 --> 00:35:00,840
Speaker 5: for example, Uh, and we offered our customs is like okay,

699
00:35:01,040 --> 00:35:02,680
Speaker 5: you know you want to keep you want to.

700
00:35:02,680 --> 00:35:04,239
Speaker 4: Get the car to the US, or you want to

701
00:35:04,320 --> 00:35:05,920
Speaker 4: keep it in Europe. And we see what happens.

702
00:35:06,360 --> 00:35:09,600
Speaker 5: And this year so we are delivering in Bugatti Mistral

703
00:35:09,640 --> 00:35:11,680
Speaker 5: It's limited to ninety nine cars, thirty five of them

704
00:35:11,680 --> 00:35:14,440
Speaker 5: are going to the US, and we asked our customers

705
00:35:14,480 --> 00:35:16,080
Speaker 5: and one guy said, I'm.

706
00:35:16,040 --> 00:35:22,880
Speaker 4: Too rich and too like ship over, so he must be.

707
00:35:23,440 --> 00:35:26,000
Speaker 5: She paid the theref The other ones kept the cars

708
00:35:26,239 --> 00:35:29,000
Speaker 5: in storage Europe. And now that it's fifteen percent, you know,

709
00:35:29,360 --> 00:35:31,000
Speaker 5: just now talking here to our customers to see if

710
00:35:31,000 --> 00:35:33,080
Speaker 5: they're finding it or we need to maybe sell the

711
00:35:33,080 --> 00:35:34,840
Speaker 5: cars to a different location.

712
00:35:34,920 --> 00:35:37,160
Speaker 4: But fifteen percent, I think it's quite okay.

713
00:35:37,239 --> 00:35:39,000
Speaker 5: Like when I buy a car in Croatia, in the

714
00:35:39,040 --> 00:35:41,160
Speaker 5: car I made myself, I have to pay a lot

715
00:35:41,239 --> 00:35:43,520
Speaker 5: more taxes for car made in Europe.

716
00:35:43,600 --> 00:35:45,200
Speaker 4: Sure, So I think fifteen.

717
00:35:44,880 --> 00:35:49,480
Speaker 5: Percent is like there, okay, And yeah, I guess that

718
00:35:49,560 --> 00:35:52,040
Speaker 5: will stay for a while. So as long as that's

719
00:35:52,360 --> 00:35:55,640
Speaker 5: now the start is quo and it stays stable, I

720
00:35:55,680 --> 00:35:56,319
Speaker 5: think that's fine.

721
00:35:56,400 --> 00:35:56,680
Speaker 1: Fine.

722
00:35:57,800 --> 00:36:00,000
Speaker 2: Another question for you, and this is a crazy pivot,

723
00:36:00,120 --> 00:36:04,799
Speaker 2: but would Bugatti or Rimac ever become involved in motorsport

724
00:36:05,640 --> 00:36:08,799
Speaker 2: like in as a as a branded factory team?

725
00:36:09,040 --> 00:36:12,600
Speaker 4: Yeah? Why not? I mean I started with racing, right Yeah.

726
00:36:12,320 --> 00:36:15,920
Speaker 3: And Bugatti also has an incredible obviously racing pedigree.

727
00:36:16,160 --> 00:36:19,120
Speaker 2: I mean it seems like everybody is joining, whether it's

728
00:36:19,200 --> 00:36:21,760
Speaker 2: Whack or you know F one.

729
00:36:21,680 --> 00:36:24,640
Speaker 5: Or just yesterday I had a discussion about that with

730
00:36:24,760 --> 00:36:25,200
Speaker 5: some people.

731
00:36:25,239 --> 00:36:27,279
Speaker 1: Here is that on the table at all?

732
00:36:27,440 --> 00:36:30,680
Speaker 5: You know, one thing I love about racing is that

733
00:36:30,760 --> 00:36:35,160
Speaker 5: it's pushing technology forward like war. You know, people getting hurt.

734
00:36:36,239 --> 00:36:40,239
Speaker 5: It's like war for technology. But that has not been

735
00:36:40,280 --> 00:36:43,320
Speaker 5: the case recently because of things like balance of performance,

736
00:36:43,840 --> 00:36:45,960
Speaker 5: where you get basically get penalized for being better.

737
00:36:46,040 --> 00:36:47,479
Speaker 1: We've talked about that on this show.

738
00:36:47,600 --> 00:36:50,880
Speaker 3: Nobody that's what except for Ferrari loves it.

739
00:36:51,640 --> 00:36:54,600
Speaker 5: Yeah, yeah, yeah, those who play good politics they like it.

740
00:36:55,480 --> 00:36:58,840
Speaker 5: So I hate that, and that's why I didn't race.

741
00:36:59,080 --> 00:37:00,960
Speaker 5: So we break records all the time and so on,

742
00:37:01,000 --> 00:37:02,560
Speaker 5: so we push the limits in other fields.

743
00:37:02,880 --> 00:37:04,320
Speaker 4: However, I'm interested in racing.

744
00:37:04,400 --> 00:37:07,040
Speaker 5: I'm looking at it, and at some point we might

745
00:37:07,480 --> 00:37:10,960
Speaker 5: join some racing, but I just hate that. Road cars,

746
00:37:11,040 --> 00:37:13,160
Speaker 5: or let's say when we as a brand or other

747
00:37:13,239 --> 00:37:16,759
Speaker 5: brands also build cars that are not that I let's

748
00:37:16,800 --> 00:37:19,480
Speaker 5: say track cars, but not for for racing series. They

749
00:37:19,480 --> 00:37:23,440
Speaker 5: are more advanced like torque acturing, traction control, active aodynamics.

750
00:37:24,360 --> 00:37:26,360
Speaker 5: You know, these are things that you can't do in

751
00:37:26,480 --> 00:37:29,960
Speaker 5: racing today, and what's the point of racing. Then it's

752
00:37:30,000 --> 00:37:32,399
Speaker 5: like it's a show. It's a circus, you know.

753
00:37:32,719 --> 00:37:37,239
Speaker 2: So excitement, hype, marketing for the brand you get.

754
00:37:38,080 --> 00:37:42,520
Speaker 5: Yeah, fine, okay, but I am about substance, like doing

755
00:37:42,520 --> 00:37:43,680
Speaker 5: a show just to hype.

756
00:37:44,120 --> 00:37:47,919
Speaker 4: It's it's like wrestling, you know, like w W. Yeah, yeah,

757
00:37:47,960 --> 00:37:48,720
Speaker 4: it's like what.

758
00:37:48,680 --> 00:37:51,279
Speaker 2: Uh huh I mean there are a lot of people

759
00:37:51,320 --> 00:37:52,239
Speaker 2: who love wrestling.

760
00:37:52,400 --> 00:37:55,640
Speaker 3: Well, I think I think the argument is I watched

761
00:37:55,680 --> 00:37:59,160
Speaker 3: Moto GP a lot, right, and they're getting new regulations

762
00:37:59,200 --> 00:38:02,480
Speaker 3: next year that is going to limit the amount of

763
00:38:02,480 --> 00:38:06,160
Speaker 3: electronics you can use and also reduce the motor and

764
00:38:06,520 --> 00:38:10,520
Speaker 3: the arrow because they want the human to still play

765
00:38:10,680 --> 00:38:12,719
Speaker 3: a big role in it. If you let it go

766
00:38:12,760 --> 00:38:14,640
Speaker 3: too far with the arrow, then it becomes like F

767
00:38:14,719 --> 00:38:17,239
Speaker 3: one where the driver doesn't really matter as much and

768
00:38:17,360 --> 00:38:20,560
Speaker 3: instead you pay some old guy forty nine million dollars

769
00:38:20,600 --> 00:38:24,600
Speaker 3: a year to year aerodynamics. Right, So they want the

770
00:38:24,719 --> 00:38:26,680
Speaker 3: kids to be part of it. By the way, dude,

771
00:38:26,840 --> 00:38:30,480
Speaker 3: want how would you do endurance racing with an electric car?

772
00:38:30,600 --> 00:38:34,640
Speaker 3: Because I guess you could swap out the battery.

773
00:38:35,640 --> 00:38:39,560
Speaker 5: Lost battery, but the stints are not. You would be

774
00:38:39,600 --> 00:38:42,880
Speaker 5: a lot shorter on the track, Like it's not there yet.

775
00:38:42,880 --> 00:38:44,640
Speaker 3: Not twenty four hours not possible.

776
00:38:45,520 --> 00:38:48,000
Speaker 5: I mean yes, but you would not be competitive with

777
00:38:48,080 --> 00:38:48,920
Speaker 5: electric cars today.

778
00:38:48,920 --> 00:38:52,520
Speaker 4: It's just like it's just the batteries will be too heavy.

779
00:38:52,520 --> 00:38:54,960
Speaker 5: You would have to get in the pits much more

780
00:38:54,960 --> 00:38:57,680
Speaker 5: often than than combustion cars. Just you know, energy density,

781
00:38:57,719 --> 00:39:01,400
Speaker 5: Like all cars that have pretty efficient combustion engines there

782
00:39:01,400 --> 00:39:04,720
Speaker 5: are at like forty plus percent efficiency and electric motors

783
00:39:04,760 --> 00:39:10,360
Speaker 5: like ninety percent efficient. But fuel is ten times more

784
00:39:11,719 --> 00:39:16,440
Speaker 5: energy dense storage compared to batteries, so you are double

785
00:39:16,480 --> 00:39:18,879
Speaker 5: efficient with the motor, but you are ten times less

786
00:39:18,880 --> 00:39:21,400
Speaker 5: efficient with the battery storage. So basically it will be

787
00:39:21,440 --> 00:39:28,000
Speaker 5: five times less you know, simple mathematics. But just about

788
00:39:28,000 --> 00:39:31,040
Speaker 5: the human aspect. I understand what you're saying, and you know,

789
00:39:31,640 --> 00:39:33,799
Speaker 5: I'm very pro human all of that. But there's so

790
00:39:33,920 --> 00:39:40,239
Speaker 5: many sports where it's all about the athlete, you know, tennis, football, basketball, whatever,

791
00:39:40,239 --> 00:39:45,920
Speaker 5: it's all about the person, whatever, hill climbing, so many things.

792
00:39:47,080 --> 00:39:49,719
Speaker 5: But why not have a few racing series where it's

793
00:39:49,719 --> 00:39:52,680
Speaker 5: about the technology, the racing teams, you know, pushing stuff

794
00:39:52,680 --> 00:39:54,960
Speaker 5: over it, it's about new materials.

795
00:39:55,360 --> 00:39:57,080
Speaker 4: You know, human is also part of it.

796
00:39:57,160 --> 00:39:59,840
Speaker 1: But like you don't think Formula E is that?

797
00:40:00,040 --> 00:40:03,160
Speaker 3: Yeah, well, Formula one is that already you know.

798
00:40:04,360 --> 00:40:07,520
Speaker 5: One yeah, for is very restricted as well in terms

799
00:40:07,560 --> 00:40:09,399
Speaker 5: of regulation because they want to get the cost down

800
00:40:09,600 --> 00:40:11,200
Speaker 5: for teams to be able to compete.

801
00:40:11,360 --> 00:40:14,120
Speaker 3: That's very that's a very good point, mate, Like if

802
00:40:14,200 --> 00:40:16,360
Speaker 3: you if you say it's unlimited, then you're going to

803
00:40:16,440 --> 00:40:19,080
Speaker 3: come in with one or two players that spend hundreds

804
00:40:19,120 --> 00:40:21,239
Speaker 3: and hundreds and hundreds of millions of dollars and no

805
00:40:21,239 --> 00:40:22,160
Speaker 3: one else can compete.

806
00:40:23,080 --> 00:40:25,479
Speaker 1: But that would push the technology forward.

807
00:40:25,760 --> 00:40:27,600
Speaker 5: That was how it was like in the twenties and

808
00:40:27,640 --> 00:40:31,480
Speaker 5: the thirties, Like this stuff, the technology has been invented

809
00:40:31,480 --> 00:40:35,120
Speaker 5: for them in the twenties, thirties, forties, it's incredible, Like

810
00:40:35,480 --> 00:40:38,680
Speaker 5: the first I think wipers have been invented for the more,

811
00:40:38,719 --> 00:40:43,640
Speaker 5: the first disc breaks, the first I believe headlights as well.

812
00:40:44,520 --> 00:40:47,200
Speaker 5: You know, Like the list is very long, and it

813
00:40:47,320 --> 00:40:49,960
Speaker 5: benefited road cars in the end. Like what's the benefit

814
00:40:50,040 --> 00:40:52,520
Speaker 5: we get today from racing and road cars?

815
00:40:52,600 --> 00:40:56,759
Speaker 3: Not that much really, No, So what's it like when

816
00:40:56,760 --> 00:41:02,399
Speaker 3: you're back in Croatia, where's the samobor where's the it's

817
00:41:02,440 --> 00:41:05,000
Speaker 3: just also and when you're driving around there or if

818
00:41:05,000 --> 00:41:06,920
Speaker 3: you're driving around Split which you know a lot of

819
00:41:06,960 --> 00:41:12,000
Speaker 3: Americans know in a turbijon. What do the kids say,

820
00:41:12,200 --> 00:41:14,279
Speaker 3: you know, is everybody just freaking out?

821
00:41:15,320 --> 00:41:17,920
Speaker 5: Yeah, it's It became such a normal sight to see

822
00:41:18,000 --> 00:41:22,080
Speaker 5: Bugatti or a prototype of another car, Like I go everywhere,

823
00:41:22,120 --> 00:41:25,239
Speaker 5: Like I just came from Croatia from Split a couple

824
00:41:25,280 --> 00:41:27,520
Speaker 5: of days ago. I spent my summer in a Bugatti Hiron,

825
00:41:28,040 --> 00:41:30,759
Speaker 5: you know, I leave it on the like Croatia is

826
00:41:30,880 --> 00:41:35,520
Speaker 5: super safe. It's the safest country in Europe. Like you,

827
00:41:35,760 --> 00:41:38,960
Speaker 5: I leave my Bugatti everywhere on the side of the road,

828
00:41:39,080 --> 00:41:41,040
Speaker 5: you know, I go hiking with that car and leave

829
00:41:41,080 --> 00:41:43,520
Speaker 5: it in the woods. And it became just so normal

830
00:41:43,600 --> 00:41:45,800
Speaker 5: to see a Bugatti or in a Vera in Croatia

831
00:41:45,800 --> 00:41:48,560
Speaker 5: that most people don't pay attention. But the kids, they

832
00:41:48,600 --> 00:41:51,160
Speaker 5: go crazy. They come up, they want to take photos.

833
00:41:51,200 --> 00:41:52,560
Speaker 5: I let them always start the engine.

834
00:41:52,600 --> 00:41:55,360
Speaker 3: So, by the way, dude, what else, what else do

835
00:41:55,400 --> 00:41:57,759
Speaker 3: you want to do? I mean, you're only thirty seven, so,

836
00:41:57,880 --> 00:42:00,839
Speaker 3: like you still have your whole life ahead of you

837
00:42:00,920 --> 00:42:04,120
Speaker 3: after having done all of this. You built your own company,

838
00:42:05,080 --> 00:42:10,560
Speaker 3: you turned it into a national champion. You're running you know, legendary,

839
00:42:11,960 --> 00:42:17,680
Speaker 3: you know, historically significant Bugatti, Like is there anything do

840
00:42:17,719 --> 00:42:19,520
Speaker 3: you want to do anything outside of cars.

841
00:42:19,719 --> 00:42:23,080
Speaker 5: I mean, one thing I messed up is I'm thirty seven.

842
00:42:23,160 --> 00:42:25,640
Speaker 5: I don't have kids, so it's not too late.

843
00:42:25,680 --> 00:42:27,799
Speaker 3: I had my first when I was forty six. You

844
00:42:27,840 --> 00:42:28,520
Speaker 3: have time for that.

845
00:42:29,000 --> 00:42:30,640
Speaker 4: Oh there you go, a big jagger.

846
00:42:31,160 --> 00:42:33,040
Speaker 1: Yeah he's going strong.

847
00:42:33,400 --> 00:42:38,280
Speaker 5: So that's one thing. You know, the population topic, especially

848
00:42:38,320 --> 00:42:41,879
Speaker 5: in Europe, you're really screwed. So I want my part

849
00:42:42,040 --> 00:42:46,520
Speaker 5: like Elon, Maybe not like him, but yeah, I gotcha,

850
00:42:46,760 --> 00:42:47,400
Speaker 5: I hear you.

851
00:42:47,480 --> 00:42:50,680
Speaker 3: Like, but do you think of other stuff? Do you

852
00:42:50,680 --> 00:42:52,640
Speaker 3: have ideas outside of cars? Or are you just so

853
00:42:53,840 --> 00:42:57,759
Speaker 3: busy with all of your automotive enterprises that you don't

854
00:42:57,800 --> 00:42:58,200
Speaker 3: have time.

855
00:42:59,200 --> 00:43:02,040
Speaker 5: The crazy thing is I was thinking about it recently,

856
00:43:02,080 --> 00:43:04,480
Speaker 5: and I'm like Jesus Christ. I actually did everything I wanted.

857
00:43:04,520 --> 00:43:06,680
Speaker 5: Like I wanted to make the fastest electric sports car

858
00:43:06,719 --> 00:43:07,080
Speaker 5: in the world.

859
00:43:07,120 --> 00:43:07,480
Speaker 4: I did that.

860
00:43:08,440 --> 00:43:11,799
Speaker 5: I wanted to make this new generation Bugatti like the

861
00:43:12,000 --> 00:43:15,360
Speaker 5: idea had, like you know, the Tourbion. I made a

862
00:43:15,360 --> 00:43:17,640
Speaker 5: little model of that, like the size of that car.

863
00:43:18,040 --> 00:43:21,279
Speaker 5: When I talked initially with folks Funk about taking the

864
00:43:21,280 --> 00:43:25,480
Speaker 5: company over. So I developed the Tourbion like a little thing,

865
00:43:25,760 --> 00:43:28,279
Speaker 5: like a little model of it myself, like that's that's

866
00:43:28,360 --> 00:43:30,640
Speaker 5: really my baby, the Turbion. I love that car, and like,

867
00:43:30,680 --> 00:43:33,200
Speaker 5: now it's there, it exists. Then I wanted to do

868
00:43:33,239 --> 00:43:35,520
Speaker 5: a ROBOTAXI. I wanted to develop all of these new

869
00:43:35,520 --> 00:43:37,960
Speaker 5: battery technologies and powertrains and stuff like that. I'm like,

870
00:43:38,239 --> 00:43:41,400
Speaker 5: and the campus that was like a big baby for me.

871
00:43:42,360 --> 00:43:45,680
Speaker 5: And I did all of that, and I'm like, you know,

872
00:43:46,880 --> 00:43:49,560
Speaker 5: everything I wanted to do. Beat a ROBOTAXI, beat an

873
00:43:49,560 --> 00:43:54,080
Speaker 5: electric hyper car, a hybrid hypercar, a battery technology campus.

874
00:43:54,120 --> 00:43:57,680
Speaker 5: I did actually what I wanted. So now I want

875
00:43:57,760 --> 00:44:01,400
Speaker 5: to make very successful companies. So I took billion euros

876
00:44:01,400 --> 00:44:05,040
Speaker 5: of investors' money. You know, I want to make Bugatti

877
00:44:05,200 --> 00:44:08,680
Speaker 5: into the most successful, most profitable car company in the world,

878
00:44:09,560 --> 00:44:13,920
Speaker 5: and want to make our employees rich with their stock options.

879
00:44:14,680 --> 00:44:16,319
Speaker 5: So yeah, there's still a lot of stuff to do,

880
00:44:16,400 --> 00:44:19,239
Speaker 5: and you know, getting the robotaxes to run, getting them

881
00:44:19,280 --> 00:44:22,279
Speaker 5: out on the market. Being like you know, you, you

882
00:44:22,400 --> 00:44:25,000
Speaker 5: and the usually have am more in Tesla. In Europe,

883
00:44:25,000 --> 00:44:27,279
Speaker 5: we don't have anything except what we are doing. I mean,

884
00:44:27,280 --> 00:44:29,200
Speaker 5: there's some other people trying to do it as well,

885
00:44:29,200 --> 00:44:33,480
Speaker 5: but like I want to be that we.

886
00:44:34,680 --> 00:44:36,840
Speaker 3: By the way, do you ever run into Elon.

887
00:44:37,120 --> 00:44:40,239
Speaker 4: Do you ever talk to Elon American ones? American ones?

888
00:44:40,320 --> 00:44:44,680
Speaker 5: Yeah, and it was I feel like he I mean,

889
00:44:45,000 --> 00:44:47,319
Speaker 5: he's being a little bit demonized right now, and I

890
00:44:47,400 --> 00:44:50,920
Speaker 5: understand why. You know, when you look at it from

891
00:44:51,880 --> 00:44:55,839
Speaker 5: the surface, you know, it's easy to to to put

892
00:44:55,840 --> 00:44:58,560
Speaker 5: a stigma on someone you know, and you know, I

893
00:44:58,560 --> 00:45:00,839
Speaker 5: don't want to get into politics and st but I

894
00:45:00,880 --> 00:45:03,280
Speaker 5: still think he is the most amazing human that lives.

895
00:45:04,120 --> 00:45:07,800
Speaker 5: He has the biggest impact on humanity, like sending rockets,

896
00:45:07,920 --> 00:45:09,800
Speaker 5: you know, reusable rockets to Mars.

897
00:45:09,600 --> 00:45:11,920
Speaker 4: And I know how he changed the out industry from inside.

898
00:45:12,400 --> 00:45:14,920
Speaker 5: It's a completely different industry because of one guy, because

899
00:45:14,960 --> 00:45:17,480
Speaker 5: of him, and it's the second biggest industry in the world,

900
00:45:17,560 --> 00:45:22,160
Speaker 5: you know, after food making. So so I think he's amazing

901
00:45:22,160 --> 00:45:25,839
Speaker 5: and he's doing amazing things. No one is perfect, nor

902
00:45:26,000 --> 00:45:28,680
Speaker 5: is he. But like having met him in person, I

903
00:45:28,680 --> 00:45:32,479
Speaker 5: felt like he's like two things I noticed. One he's

904
00:45:32,520 --> 00:45:34,840
Speaker 5: the same like when you listen to him on YouTube

905
00:45:34,880 --> 00:45:37,640
Speaker 5: or whatever on podcasts. And the second thing is like

906
00:45:37,719 --> 00:45:40,799
Speaker 5: he has no he doesn't care. He doesn't give them

907
00:45:40,840 --> 00:45:43,240
Speaker 5: what other people are doing. Like when I tell my story,

908
00:45:43,560 --> 00:45:45,640
Speaker 5: when people hear a little bit about it. Everyone's like,

909
00:45:45,840 --> 00:45:47,120
Speaker 5: well I need to come there. I need to see

910
00:45:47,160 --> 00:45:48,920
Speaker 5: what you're doing. And all of the executives in the

911
00:45:48,920 --> 00:45:51,040
Speaker 5: out industry they came and see what we're doing.

912
00:45:51,360 --> 00:45:53,080
Speaker 4: He didn't give them, you know.

913
00:45:53,280 --> 00:45:56,920
Speaker 5: He just looks at his own thing and like, yeah, focus,

914
00:45:56,920 --> 00:46:00,200
Speaker 5: I can do whatever. You know, whatever needs to be done,

915
00:46:00,239 --> 00:46:01,879
Speaker 5: I can do it better than anyone else.

916
00:46:01,920 --> 00:46:04,000
Speaker 4: That's his right.

917
00:46:04,239 --> 00:46:05,839
Speaker 1: Is space appealing to you at all?

918
00:46:05,960 --> 00:46:06,040
Speaker 2: Oh?

919
00:46:06,120 --> 00:46:06,840
Speaker 4: Yeah, absolutely.

920
00:46:07,040 --> 00:46:10,280
Speaker 5: I just think like it's depressing because within our lifetimes,

921
00:46:10,320 --> 00:46:12,799
Speaker 5: whatever we do, we will not discover like zero one

922
00:46:12,880 --> 00:46:16,560
Speaker 5: one percent of you know, Like yeah, so you know,

923
00:46:16,600 --> 00:46:19,160
Speaker 5: I'm thinking about this often, Like I mean, you Americans

924
00:46:19,200 --> 00:46:22,080
Speaker 5: are maybe a little bit different. I have been working

925
00:46:22,120 --> 00:46:25,000
Speaker 5: sixteen years like an animal to build this company, and

926
00:46:25,080 --> 00:46:28,480
Speaker 5: I cannot imagine myself like like Elon, you know, he's

927
00:46:28,480 --> 00:46:31,080
Speaker 5: seventeen years older than me, like that in seventeen years,

928
00:46:31,160 --> 00:46:33,640
Speaker 5: I'm still like that and I just work and like

929
00:46:33,800 --> 00:46:37,359
Speaker 5: it's just about like I would maybe like to have

930
00:46:38,000 --> 00:46:40,799
Speaker 5: you know, Bugatti as a long term thing for me,

931
00:46:41,840 --> 00:46:44,319
Speaker 5: and I would try to restrain myself from starting more

932
00:46:44,360 --> 00:46:47,440
Speaker 5: new things. I just want to you know, like also

933
00:46:47,520 --> 00:46:50,160
Speaker 5: have you know, I would like family, would love to

934
00:46:50,160 --> 00:46:51,000
Speaker 5: be father.

935
00:46:50,880 --> 00:46:54,520
Speaker 1: You know, meaningful in your personal life. This is admirb.

936
00:46:54,600 --> 00:46:55,920
Speaker 1: I think that's actually yeah me.

937
00:46:55,920 --> 00:46:58,360
Speaker 3: Too good for you, dude, you deserve it also Jesus

938
00:46:58,480 --> 00:46:59,440
Speaker 3: Christ very.

939
00:46:59,360 --> 00:47:04,040
Speaker 2: Well, yes, yes you've and the great words of Mariah Carrey.

940
00:47:04,120 --> 00:47:06,160
Speaker 2: You've done enough, You've done enough.

941
00:47:06,600 --> 00:47:09,640
Speaker 3: Well. I really appreciate I really appreciate it.

942
00:47:10,040 --> 00:47:14,320
Speaker 1: Wait, wait, he was gonna say something. Don't do car food.

943
00:47:14,560 --> 00:47:18,480
Speaker 5: Yeah, I think what you are consuming today is you know,

944
00:47:19,080 --> 00:47:21,400
Speaker 5: it's uh yeah.

945
00:47:21,160 --> 00:47:22,360
Speaker 1: It's it's not healthy.

946
00:47:22,760 --> 00:47:27,160
Speaker 5: Sustainable, yeah, sustainable, well, sustainable, yes, but like I just

947
00:47:27,200 --> 00:47:29,400
Speaker 5: think the way we farm today, and like what you

948
00:47:29,400 --> 00:47:31,480
Speaker 5: do to animals. You kill hundred and fifty billion animals

949
00:47:31,520 --> 00:47:35,520
Speaker 5: a year. What you consume you know that that's something

950
00:47:35,520 --> 00:47:38,239
Speaker 5: I would like love to do if I wouldn't do cars,

951
00:47:38,280 --> 00:47:40,040
Speaker 5: or if I have some spare capesty at some point

952
00:47:40,040 --> 00:47:41,359
Speaker 5: that that's something I will get into.

953
00:47:42,080 --> 00:47:43,040
Speaker 4: That is we're going to watch.

954
00:47:43,760 --> 00:47:45,600
Speaker 3: Yeah, I'll be watching that. By the way, when you

955
00:47:45,640 --> 00:47:49,920
Speaker 3: talk about autos are the second biggest industry after food,

956
00:47:49,920 --> 00:47:52,160
Speaker 3: do you mean in terms of people employed or.

957
00:47:53,840 --> 00:47:54,080
Speaker 4: Yeah?

958
00:47:54,360 --> 00:47:57,960
Speaker 5: So I'm not sure if housing or food production is

959
00:47:57,960 --> 00:48:01,360
Speaker 5: the first, the ultimatetry is second. As far as I know,

960
00:48:01,440 --> 00:48:03,520
Speaker 5: but maybe a housing is real estate is maybe the

961
00:48:03,560 --> 00:48:05,360
Speaker 5: first industry like globally.

962
00:48:06,560 --> 00:48:09,160
Speaker 3: Well, let me first say I really appreciate you spending

963
00:48:09,200 --> 00:48:12,239
Speaker 3: some time with us. It's been an awesome conversation and

964
00:48:12,840 --> 00:48:15,320
Speaker 3: I'm gonna I'm gonna say this is now my favorite

965
00:48:16,040 --> 00:48:18,520
Speaker 3: podcast conversation. We've been doing this for over a year, so.

966
00:48:19,640 --> 00:48:21,680
Speaker 1: Yeah, this is really great, Monte. Thank you.

967
00:48:22,840 --> 00:48:25,840
Speaker 2: I'm Matt Miller and I'm Hannah Elliott, and this is

968
00:48:25,880 --> 00:48:26,440
Speaker 2: Bloomberg