WEBVTT - Porsche's EV Struggles, Cadillac Escalade IQ, Lamborghini Urus 0:00:02.520 --> 0:00:10.680 Bloomberg Audio Studios, podcasts, radio news. I'm Matt Miller and 0:00:10.720 --> 0:00:13.120 I'm Hannah Elliott and this is Hot Pursuit. 0:00:20.239 --> 0:00:21.040 How are you. 0:00:22.160 --> 0:00:28.320 I'm so good. I'm in San Francisco, so fear new. Yeah, 0:00:28.360 --> 0:00:32.000 it's actually really nice here. I'm staying at the Saint Regis, 0:00:32.040 --> 0:00:35.640 a very nice hotel. Very This morning I went running 0:00:36.600 --> 0:00:40.320 down Mission to the water and ran under the sort 0:00:40.360 --> 0:00:44.479 of under the bridge and saw the cool old piers 0:00:45.400 --> 0:00:48.760 and actually ran by one of Bloomberg's offices, which was 0:00:48.800 --> 0:00:51.760 also very cool. Didn't go inside, but ran past it. 0:00:52.040 --> 0:00:56.680 Right past that office. They have one of my favorite 0:00:56.680 --> 0:00:58.279 ice cream shops in the country. 0:00:59.200 --> 0:01:01.720 What's it called your remember it's. 0:01:01.560 --> 0:01:05.200 Called Humphrey and Slocum. Okay, So if you get a 0:01:05.319 --> 0:01:08.680 chance before you leave, I recommend you go there. 0:01:08.840 --> 0:01:12.039 Let me just maybe that'll be my lunch. My lunch 0:01:12.360 --> 0:01:13.479 an ice cream cone launch. 0:01:13.520 --> 0:01:15.679 Actually, since you went for a run, I feel like 0:01:15.720 --> 0:01:19.160 you deserve it. Humphrey Slocum ice cream. They have a 0:01:19.200 --> 0:01:23.800 flavor of ice cream called Secret Breakfast, which is which 0:01:23.840 --> 0:01:26.240 is bourbon and corn flakes. 0:01:27.319 --> 0:01:32.759 Amazing. That is well within my wheelhouse. Ye actually my drink, 0:01:33.400 --> 0:01:37.720 Oh love it? Okay, I do you know San Francisco 0:01:37.880 --> 0:01:39.959 very well? I actually don't know it very well. 0:01:40.000 --> 0:01:42.360 No, So I mean I've been there a few times 0:01:42.400 --> 0:01:45.520 and I absolutely loved it every time I went there. Yeah, 0:01:46.360 --> 0:01:48.760 but that was all before the pandemic. 0:01:49.840 --> 0:01:53.080 Yes, I came once sort of right after the pandemic, 0:01:53.120 --> 0:01:55.200 and it was cold and rainy and it was really 0:01:56.240 --> 0:02:01.400 really sort of messy. But I'm here for this Escalade 0:02:01.480 --> 0:02:05.640 IQ drive, which is under embargo until next week, so 0:02:05.640 --> 0:02:08.600 I can't tell you how it drives. But I drove 0:02:08.639 --> 0:02:11.720 that yesterday down to almost a half Moon Bay and 0:02:11.760 --> 0:02:15.880 it's gorgeous. It's sunny, it's there's been no rain, and 0:02:16.080 --> 0:02:18.000 like I said, they really cleaned up the streets, so 0:02:18.560 --> 0:02:23.679 it's nice. Last night we went to Dolby's World headquarters. Matt, 0:02:23.720 --> 0:02:25.679 you would be so into this, and I actually want 0:02:25.720 --> 0:02:29.080 to have these guys come on the podcast. But I 0:02:29.160 --> 0:02:33.640 did not realize that Dolby was started in San Francisco 0:02:34.600 --> 0:02:39.959 and the Optic, which is Cadillacs sort of mid size sub, 0:02:40.680 --> 0:02:45.680 is going to come with Dolby atmost Sound. And so 0:02:45.720 --> 0:02:50.880 we got an evening of demonstrations in these incredible studios 0:02:50.880 --> 0:02:54.640 at Dolby headquarters, and I kind of I met. I 0:02:54.680 --> 0:02:56.680 was really rolling my eyes when we first went in, like, 0:02:56.800 --> 0:02:58.440 you know, I'm here to talk about the car at 0:02:58.480 --> 0:03:01.160 some sound system. But by the end of the night 0:03:01.200 --> 0:03:04.840 time I know, we sat in a studio session with 0:03:05.040 --> 0:03:12.359 the producer who mixed Kendrick's Super Bowl period and has 0:03:12.400 --> 0:03:15.680 done a bunch of things with like Sizza. He remastered 0:03:15.960 --> 0:03:17.880 Bob Marley's recording. 0:03:17.960 --> 0:03:20.320 Ah, there's a name I recognize. 0:03:20.680 --> 0:03:24.560 Yeah, an incredible person, and he kind of showed us 0:03:24.560 --> 0:03:26.359 how it worked. And then I sat with the head 0:03:26.360 --> 0:03:30.000 of business for Dolby in this optic and we listened 0:03:30.000 --> 0:03:35.600 to Chaka Khan and Tiesto and The Weekend, And honestly, 0:03:36.080 --> 0:03:38.080 by the end, I was like, wow, I had my 0:03:38.160 --> 0:03:41.040 attitude completely flipped. It was actually very cool. 0:03:41.640 --> 0:03:44.880 That is cool. So I think a good sound system 0:03:45.080 --> 0:03:47.760 is so important, at least for me, right because there 0:03:47.800 --> 0:03:50.280 you do. I love to listen to music when I drive. 0:03:50.320 --> 0:03:52.360 It's part of the experience a lot of the time. 0:03:52.640 --> 0:03:54.440 I know some people say I only listened to the 0:03:54.480 --> 0:03:55.640 motor you know, but. 0:03:56.800 --> 0:03:59.880 You know I talked about that. I actually I brought 0:04:00.120 --> 0:04:03.720 that up with Tim who's the head of business, and 0:04:03.840 --> 0:04:06.040 I said, you know, a lot of the people that 0:04:06.280 --> 0:04:08.400 the guys that I hang out with, you know, there's 0:04:08.440 --> 0:04:11.040 definitely a strong contingent who believed that you should only 0:04:11.040 --> 0:04:12.920 listen to the motor in a car. And he had 0:04:12.960 --> 0:04:16.240 never heard about that, but he had had He was shocked. 0:04:16.480 --> 0:04:19.799 I mean, as someone for him, one of the joys 0:04:19.800 --> 0:04:23.080 of driving is listening to music, and he had actually 0:04:23.160 --> 0:04:25.840 literally never heard that there would be a type of 0:04:25.920 --> 0:04:29.240 person who believed you should only listen to the motor 0:04:29.520 --> 0:04:32.159 of a vehicle. And he did think that was a 0:04:32.160 --> 0:04:36.560 little bit nuts. It was really it was really fascinating, 0:04:36.600 --> 0:04:39.800 and you know, the to finish that point, he did say, look, 0:04:39.839 --> 0:04:45.039 cars are actually a really big growth segment for sound 0:04:45.200 --> 0:04:47.600 because for so long, sound and in cars has been 0:04:47.640 --> 0:04:50.240 an afterthought, like you talk about all the time. 0:04:50.080 --> 0:04:55.359 That, yeah, it bothers me, especially on you know, high 0:04:55.440 --> 0:05:00.680 end vehicles like the Escalade. I drove a couple cars 0:05:01.080 --> 0:05:04.520 this last week that had amazing sound systems. Actually, but look, 0:05:04.520 --> 0:05:07.520 if I'm going to spend six figures on a car, 0:05:08.360 --> 0:05:10.880 I want it to have a really good sound system. 0:05:10.880 --> 0:05:13.960 Because the manufacturer only has to spend I don't know, 0:05:14.360 --> 0:05:17.080 two grand to put in a decent sound system, three 0:05:17.120 --> 0:05:20.039 grand and if I need to do it after market, 0:05:20.120 --> 0:05:21.520 it's going to cost me ten. 0:05:22.400 --> 0:05:25.840 I know, I know, and plus just the inconvenience of 0:05:26.600 --> 0:05:29.240 having to deal with that and be without your car 0:05:29.279 --> 0:05:32.120 for a while too. I mean time again, like for 0:05:32.520 --> 0:05:36.400 people who are buying six figure vehicles, maybe it's not 0:05:36.480 --> 0:05:39.240 even the money issue, it's the time issue. And it 0:05:39.320 --> 0:05:42.719 really kind of put like kills the buzz when you 0:05:42.760 --> 0:05:44.640 get a new car and you instantly want to send 0:05:44.640 --> 0:05:46.880 it away to like get a decent sound. 0:05:47.120 --> 0:05:50.880 So wait, you can't talk about the Escalade IQ yet. 0:05:51.640 --> 0:05:53.120 I can't talk about driving it, but I can. 0:05:53.160 --> 0:05:55.000 Talk about it. Can you talk about the stereo? 0:05:56.440 --> 0:06:00.200 Yeah? Well, so here's the problem. And I need to 0:06:00.279 --> 0:06:03.160 really pinpoint this with Cadillac. And I didn't have a 0:06:03.240 --> 0:06:06.080 chance last night because I was too gaga over the speakers. 0:06:06.680 --> 0:06:11.280 But the Escalade is not going to be offering Dolby 0:06:11.320 --> 0:06:17.040 atmost until next year. The Optic have Dolby atmost standard, 0:06:17.680 --> 0:06:19.880 this is the new optic coming out, but the Escalade 0:06:19.920 --> 0:06:22.560 will not, even though they are currently selling the Escalate 0:06:22.640 --> 0:06:27.400 IQ right now. And I'm I'm ashamed to say that 0:06:27.640 --> 0:06:29.920 My first question was not why aren't you offering it now? 0:06:29.960 --> 0:06:34.719 I was I was too distracted. But that is the question. 0:06:35.200 --> 0:06:37.760 Why are they not offering that now in their premiere 0:06:37.800 --> 0:06:44.520 premium you know, big big. I'll find out and get 0:06:44.560 --> 0:06:47.400 back to you, because it would seem completely natural. You'd 0:06:47.400 --> 0:06:49.520 want your best thing in the best car, in the 0:06:49.560 --> 0:06:50.240 top of the line. 0:06:50.320 --> 0:06:54.040 Yeah, I mean so many vehicles like so, I configure 0:06:54.120 --> 0:06:58.000 Chevy vehicles all the time. Lately, I've been building Sierra 0:06:58.880 --> 0:07:03.239 HD pickup trucks, and a lot of times they only 0:07:03.279 --> 0:07:06.640 offer the good stereo system, which is only marginally better 0:07:06.720 --> 0:07:12.280 than the medium stereo system in the higher spec trims. So, 0:07:12.960 --> 0:07:16.840 for instance, I noticed I was building a pickup truck 0:07:17.200 --> 0:07:19.840 and I was picking the trim that cost twenty thousand 0:07:19.880 --> 0:07:23.679 dollars more because I wanted the you know, five hundred 0:07:23.680 --> 0:07:27.120 dollars better stereo system. I think they really can make 0:07:27.120 --> 0:07:29.760 a lot of money up selling people with that trick, 0:07:31.160 --> 0:07:33.760 and they should obviously do that with the Escalade. 0:07:33.360 --> 0:07:38.480 IQ come absolutely, I mean, gosh, it makes total sense. 0:07:38.560 --> 0:07:40.760 I will say I did have a demonstration, like I 0:07:40.760 --> 0:07:45.120 said in the in the optic, and it sounds like 0:07:46.120 --> 0:07:49.040 it makes at most is a thing and maybe you 0:07:49.080 --> 0:07:52.800 know this where basically it's a third dimension to listening 0:07:52.880 --> 0:07:55.520 where stereo you sort of have right and left. Of course, 0:07:55.640 --> 0:07:57.640 we started with mono sound and then we went to 0:07:57.680 --> 0:08:00.760 stereo with you know, right and left input in your ears. 0:08:01.040 --> 0:08:04.840 And now at Most basically takes that three D and 0:08:04.880 --> 0:08:10.520 it gives the music the ability to be moving around you. 0:08:12.040 --> 0:08:12.640 Maybe you knew that. 0:08:14.200 --> 0:08:15.760 To do that, right, It's. 0:08:15.840 --> 0:08:21.160 It's surround sound is still static. It's not actively moving 0:08:21.240 --> 0:08:23.960 the sound around you in the same way that Atmost is. 0:08:24.560 --> 0:08:29.320 At Most is a completely dynamic sound experience, so that 0:08:29.400 --> 0:08:32.160 when you are listening to something, you know, they could 0:08:32.200 --> 0:08:36.680 have the background singers sound like they're behind you and 0:08:36.760 --> 0:08:40.280 then move that sound in front of you in a 0:08:40.320 --> 0:08:45.080 way that surround sound can't replicate. So it's it's more like, 0:08:46.480 --> 0:08:50.000 you know, if you're listening to sound and it's muted colors. 0:08:50.080 --> 0:08:53.400 This is just this just makes everything seem more vibrant, 0:08:53.800 --> 0:08:59.120 more alive, more dimensional. And that sounds a little woo woo, 0:08:59.160 --> 0:09:04.480 but really you can hear the difference. Everything just sounds 0:09:04.480 --> 0:09:06.880 more present, more real. It's you know, we listened to 0:09:08.520 --> 0:09:12.160 some prints and you could hear him breathing in You 0:09:12.160 --> 0:09:15.679 could hear like I was hearing rasps in his voice. 0:09:16.160 --> 0:09:18.760 That I don't hear when I just listen on my headphones. 0:09:19.400 --> 0:09:23.200 Interesting, so they already do. I'm looking at the website. 0:09:23.240 --> 0:09:26.760 By the way, I love the look of the Escalade IQ, 0:09:27.440 --> 0:09:30.400 And I think I told you when I was riding 0:09:30.960 --> 0:09:33.720 with these Harley guys in Austin. I saw one drive 0:09:33.800 --> 0:09:36.040 by and for me it was like super exciting, but 0:09:36.080 --> 0:09:37.800 no one else really got it. 0:09:38.360 --> 0:09:40.240 You told me that, and that was really cool. 0:09:40.640 --> 0:09:44.640 Yeah, So to me it's like a range Rover beater 0:09:45.280 --> 0:09:47.800 if you I mean. I haven't driven it, so I 0:09:47.800 --> 0:09:50.720 don't know, but I know I love the other big 0:09:51.800 --> 0:09:56.719 GM EV trucks. So I'm looking at the configurator. The 0:09:56.920 --> 0:10:01.560 base model, the Luxury one is one thirty. Then you 0:10:01.600 --> 0:10:06.160 can step up to the Sport for one thirty five hundred. 0:10:06.240 --> 0:10:08.840 I guess it's just like you get different looking wheels 0:10:08.840 --> 0:10:11.960 and maybe blacked out pieces, right, But you have to 0:10:12.080 --> 0:10:15.840 step up to the Luxury too for one fifty before 0:10:15.880 --> 0:10:20.760 you get the AKG thirty six speaker upgraded stereo systems. 0:10:20.800 --> 0:10:22.360 So you see what I mean. They do it with 0:10:22.400 --> 0:10:25.920 this too. They add twenty grand, and of course there 0:10:25.960 --> 0:10:29.560 are other differences, but to get the good stereo system 0:10:29.600 --> 0:10:34.440 you have to jump up, and yes, I usually I'm 0:10:34.800 --> 0:10:37.280 willing to do that. I'm the sucker that they're looking for, 0:10:37.520 --> 0:10:37.720 you know. 0:10:38.679 --> 0:10:40.760 I mean, if you have them, if you can't afford it, 0:10:40.840 --> 0:10:42.760 I totally agree. I would do it too. I do 0:10:42.840 --> 0:10:46.959 think it's worth it. And I even think one hundred 0:10:47.000 --> 0:10:53.319 and fifty grand for that vehicle isn't outrageous having driven it, 0:10:53.760 --> 0:10:55.760 I so so much. 0:10:55.600 --> 0:11:01.600 Money if you think about, you know, our history outside 0:11:01.600 --> 0:11:03.720 of this last few years, that's so much money to 0:11:03.760 --> 0:11:06.240 pay for. I mean, you could get a GT three 0:11:06.360 --> 0:11:11.680 for that much, you know, pre pandemic. It's just a 0:11:11.720 --> 0:11:12.640 big price. 0:11:12.360 --> 0:11:15.599 To pre pandemic is six years ago now, basically, I know, 0:11:15.760 --> 0:11:17.760 I know, I mean a GT three now is more 0:11:17.800 --> 0:11:18.600 expensive than that. 0:11:19.080 --> 0:11:21.240 Do you think, By the way I was wondering, I 0:11:21.280 --> 0:11:24.960 feel like there's a certain price point at which and 0:11:25.040 --> 0:11:27.839 maybe this is it. When you get above it, a 0:11:27.960 --> 0:11:34.760 higher price is like an additional an additional enticement. So 0:11:35.000 --> 0:11:39.160 like so like you you're gonna pay more for a 0:11:39.160 --> 0:11:42.320 bigger motor, You're gonna pay more for a sweet design. 0:11:42.360 --> 0:11:45.080 You're gonna pay more for like a luxury interior. And 0:11:45.120 --> 0:11:47.679 at a certain price point, you're gonna pay more for 0:11:47.800 --> 0:11:52.520 a higher price because the buyer that can will is 0:11:52.559 --> 0:11:53.760 that does that track to you? 0:11:54.840 --> 0:11:57.200 Yes, there's a name for this, and I'm forgetting the name. 0:11:57.200 --> 0:12:02.440 But there was some analyst who who really studied luxury markets, 0:12:03.040 --> 0:12:05.359 and it's exactly what you're describing. 0:12:05.600 --> 0:12:06.800 It becomes a feature, not. 0:12:06.760 --> 0:12:11.640 A bug, exactly once you pass a certain level. There 0:12:11.760 --> 0:12:16.000 is a type of fire that will question something unless 0:12:16.040 --> 0:12:20.880 it's priced very high. You know, if they have the 0:12:20.920 --> 0:12:23.320 option of two, they will always default to the more 0:12:23.400 --> 0:12:26.600 expensive one, even if it's no better and really no different, 0:12:27.040 --> 0:12:30.280 simply because it's more expensive. You know that there is 0:12:30.280 --> 0:12:33.800 a name for it. It's escaping me now, but I 0:12:33.800 --> 0:12:36.079 think that's exactly right. You know, when we're talking about 0:12:36.120 --> 0:12:40.760 all of these like modified reimagined cars and restomods that 0:12:40.960 --> 0:12:45.200 are a million dollars or more now and obviously like 0:12:45.280 --> 0:12:48.080 Singers one of them, when you think of the TWR, 0:12:48.520 --> 0:12:52.280 which is starts at under three hundred thousand, it almost 0:12:52.360 --> 0:12:55.200 makes you think, why isn't that car worth like why 0:12:55.200 --> 0:12:59.040 doesn't that car cost more? Yes, you know, yes, because 0:12:59.080 --> 0:13:01.280 you get so used to what you think is the 0:13:01.360 --> 0:13:05.160 prevailing wisdom about how much one of those cars should cost, 0:13:05.880 --> 0:13:10.400 it really kind of it plays with reality a little bit. 0:13:11.000 --> 0:13:14.920 I mean, so I think that's probably true. And we 0:13:14.920 --> 0:13:19.520 were looking with Barry Ritholts at this Porsche, these backdated Porschas. 0:13:19.600 --> 0:13:21.000 I can't remember the name of the brand. It was 0:13:21.040 --> 0:13:24.600 like Abriu or something, and they were only like three 0:13:24.600 --> 0:13:27.960 point fifty probably on top of the Donor. But it 0:13:28.080 --> 0:13:30.720 automatically makes you wonder what they're not adding that singer 0:13:30.800 --> 0:13:32.880 does add, which. 0:13:32.720 --> 0:13:36.240 Which I think is kind of nothing, like it's actually nothing. 0:13:36.600 --> 0:13:39.760 There's there's really no probably difference. I don't I don't 0:13:39.800 --> 0:13:42.840 remember the name of the brand, but you know, so. 0:13:43.200 --> 0:13:48.560 I was driving over the weekend Lamborghini Urus, and I 0:13:48.600 --> 0:13:52.240 was thinking about this because I had the good fortune 0:13:52.240 --> 0:13:55.040 of having two test cars in my driveway. So I 0:13:55.080 --> 0:14:00.120 had a BMW M eight Competition, which is and it's 0:14:00.160 --> 0:14:03.600 the grand coupe version, so it's a four door coupe. 0:14:03.679 --> 0:14:05.560 If you can make that work in your head somehow. 0:14:06.760 --> 0:14:08.760 World's words don't mean anything exactly. 0:14:09.320 --> 0:14:13.920 But it was starts at one and then fully loaded. 0:14:13.960 --> 0:14:16.040 The way they had it in my driveway was one seventy, 0:14:16.280 --> 0:14:20.520 so that's expensive already. But the Lamborghini, but the Lamborghini 0:14:20.600 --> 0:14:24.800 starts at like two ninety I think to ninety eight 0:14:25.080 --> 0:14:30.400 or something, and as as outfitted in my driveway was 0:14:30.440 --> 0:14:35.760 at three forty five. So it's a it's a huge 0:14:35.960 --> 0:14:40.720 price increase, you know, and especially because I was driving 0:14:40.760 --> 0:14:45.360 them both and they're very different, you know. Obviously one 0:14:45.440 --> 0:14:47.880 is an suv and one is supposed to be a coupe, 0:14:48.280 --> 0:14:52.520 and I'm sure they appeal to a very different buyer. 0:14:52.560 --> 0:14:56.120 The Lamborghini is very light and agile. The BMW is 0:14:56.160 --> 0:14:58.400 like heavy, and but I like it that way. 0:14:59.640 --> 0:15:02.840 Did you like the Earth because I remember you saying 0:15:02.840 --> 0:15:04.520 that you you don't really like that? 0:15:04.640 --> 0:15:08.720 So I loved on its own, I loved it. And 0:15:08.760 --> 0:15:10.320 this was another thing I was thinking about, like on 0:15:10.360 --> 0:15:12.680 it on their own. Any of these cars that they 0:15:13.160 --> 0:15:15.720 give us to drive, for the most part, they're all 0:15:15.720 --> 0:15:19.680 like six figure luxury vehicles. On their own, by themselves, 0:15:19.680 --> 0:15:22.920 they're all going to be amazing. So on its own, 0:15:22.960 --> 0:15:24.720 the Lamborghini was amazing. 0:15:24.720 --> 0:15:27.920 It's I disagree, but you do, all right. 0:15:28.000 --> 0:15:31.560 Well, I'm just I'm newer to this than you are, right, 0:15:31.600 --> 0:15:34.440 So you're you're jaded. I think you're. 0:15:34.400 --> 0:15:36.920 Jaded stating that for the record, they are not all 0:15:36.960 --> 0:15:37.680 created equal. 0:15:37.760 --> 0:15:40.840 But no, I agree that they're not, but I think 0:15:40.880 --> 0:15:45.560 the difference is so marginal. So in terms of in 0:15:45.640 --> 0:15:48.200 terms of what you need, they all have it. They 0:15:48.280 --> 0:15:49.880 all can get you from point A to point B. 0:15:50.160 --> 0:15:52.280 In terms of what you want, I think there's a 0:15:52.360 --> 0:15:57.960 very marginal difference. So the Lamborghini, it's obviously super fast. 0:15:58.040 --> 0:16:02.240 It has the turbo charge V eight from the Cayenne, 0:16:03.360 --> 0:16:06.720 and it's got hybrid so it's got the electric assist 0:16:06.800 --> 0:16:10.960 that makes it quick. Its feels very light even in 0:16:11.320 --> 0:16:13.280 like when you open and close the door, that feels light, 0:16:13.320 --> 0:16:16.200 which is not a good thing because it doesn't have 0:16:16.520 --> 0:16:19.440 a solid clunk. You can tell that the door is 0:16:19.480 --> 0:16:21.960 like made of carbon fiber, which if you're in a 0:16:21.960 --> 0:16:26.440 performance vehicle you want that. I guess. The steering is 0:16:26.520 --> 0:16:29.880 very light and agile, and it's the it's gorgeous. The 0:16:29.960 --> 0:16:34.280 design I love. It looks like some futuristic like Moon Buggy. 0:16:34.800 --> 0:16:35.840 I love looks. 0:16:36.040 --> 0:16:39.440 And the interior also is beautiful. It's basically an Audi interior, 0:16:39.640 --> 0:16:40.960 you know, which is good. 0:16:41.120 --> 0:16:42.600 Oh, it's a Lamborghini interior. 0:16:42.920 --> 0:16:45.720 Well they have the center stack from the Audi. Yeah, 0:16:45.760 --> 0:16:50.640 you know, and but it's amazing. Uh, And you can 0:16:50.640 --> 0:16:53.800 tell it's expensive three point fifty. I don't know about that. 0:16:54.640 --> 0:16:57.800 So I do like it a lot, but it's but 0:16:57.880 --> 0:17:00.160 the but the thing is, it's not special enough to 0:17:00.200 --> 0:17:03.440 me to be a Lamborghini. It doesn't have its own motor. 0:17:03.960 --> 0:17:07.399 But here here's my question, and this is I remember 0:17:07.440 --> 0:17:09.520 when I drove this. I went to Rome and drove it, 0:17:09.560 --> 0:17:11.680 I think in twenty eighteen when it first came out 0:17:12.560 --> 0:17:17.280 in its competitive set, not comparing it to a Hurricon 0:17:17.600 --> 0:17:21.040 or to a Gayardo, or to a Robolto, but within 0:17:21.080 --> 0:17:24.960 its competitive set of luxury SUVs, this would be my 0:17:25.040 --> 0:17:25.679 first choice. 0:17:26.960 --> 0:17:30.000 But you know what I'm saying, Okay, But Hannah, money 0:17:30.040 --> 0:17:32.240 were no object, okay, Because I was going to say, 0:17:32.359 --> 0:17:35.040 if I give you a million dollars cash and say 0:17:36.000 --> 0:17:38.440 go have a nice summer in Europe and buy yourself 0:17:38.480 --> 0:17:38.879 a car. 0:17:39.400 --> 0:17:43.480 Would you spend three point fifty on the Lamborghini Urus 0:17:43.960 --> 0:17:47.159 when you could have the very top of the line 0:17:47.280 --> 0:17:52.159 Cayenne Turbogt for six fifty or for a two hundred, 0:17:52.600 --> 0:17:54.360 both of them have six hundred and fifty horse power. 0:17:54.600 --> 0:17:56.520 Would you? Would you take it? Take it over the 0:17:57.000 --> 0:18:00.000 you would you'd spend the extra one hundred and fifty thousand. 0:18:00.040 --> 0:18:01.919 You're buying almost double the cost. 0:18:02.720 --> 0:18:05.159 You gave me a million dollars to spend, and I 0:18:05.240 --> 0:18:08.679 need an suv. That's the like to me this, the 0:18:08.720 --> 0:18:13.720 Earths is tuned even more aggressively. It's rowdier, it's louder, 0:18:14.240 --> 0:18:18.720 it's more raw, it's got more of an attitude. Plus 0:18:18.800 --> 0:18:21.600 I do not like the how how the Cayenne looks. 0:18:22.119 --> 0:18:25.119 The Cayenne is just so rounded to me, I like 0:18:25.720 --> 0:18:29.440 how the earth is edgy and mean. 0:18:29.880 --> 0:18:30.120 Yep. 0:18:30.440 --> 0:18:33.439 And if you told me you need to buy an suv, 0:18:33.560 --> 0:18:35.679 go out and buy an suv, I would buy that 0:18:35.720 --> 0:18:36.639 car for sure. 0:18:37.200 --> 0:18:42.320 Okay, I mean I so, I respect, I respect your opinion, 0:18:42.359 --> 0:18:47.200 but I would happily take the Cayenne. You can get 0:18:47.240 --> 0:18:51.920 the Turboe Hybrid coup It's got seven hundred and thirty horsepower, 0:18:51.960 --> 0:18:55.120 it's the same mechanics as the Lamborghini, and it costs 0:18:55.280 --> 0:18:56.880 one hundred and sixty. 0:18:56.520 --> 0:19:01.840 Not it's a Porsche, and there are so those are everywhere. 0:19:02.000 --> 0:19:03.600 Don't you want to look different? Matt? 0:19:03.680 --> 0:19:05.200 Yeah, don't you want to say? But I would rather 0:19:05.280 --> 0:19:08.399 have an extra basically one hundred and ninety grand in 0:19:08.440 --> 0:19:12.560 my pocket to rent a nice palazzo. You know in 0:19:12.600 --> 0:19:15.800 Tuscany or something, and by the way, there are if 0:19:15.840 --> 0:19:18.199 you were just if just you're just telling me, SUV, 0:19:18.359 --> 0:19:20.879 I would probably take a like a G five hundred 0:19:20.960 --> 0:19:22.600 or a G sixty three if I wanted to get 0:19:22.600 --> 0:19:25.159 a little crazy, and even then I'm paying less than 0:19:25.160 --> 0:19:26.000 two hundred grand. 0:19:26.800 --> 0:19:28.440 The G would be my second choice. 0:19:28.560 --> 0:19:31.399 I will say I did love driving the Lamborghini, and 0:19:31.440 --> 0:19:34.800 I especially there was one thing that kind of cuts 0:19:34.800 --> 0:19:39.880 both ways. It's kind of bouncy, and the sway bars 0:19:40.000 --> 0:19:41.960 aren't connected as much as I thought they would be. 0:19:42.080 --> 0:19:45.119 So it's good in New York urban roads that have 0:19:45.240 --> 0:19:48.879 a ton of potholes and there's construction everywhere, because it 0:19:48.920 --> 0:19:51.719 really sucks up the off road bumps amazingly. 0:19:51.760 --> 0:19:54.760 Well, yes, I remember that in on the Streets of Rome. 0:19:55.119 --> 0:19:57.600 I thought it was I thought it even when you're 0:19:57.640 --> 0:20:01.720 in traffic and town, which can be real annoying in 0:20:01.760 --> 0:20:04.480 some of these cars. I did. I agree, But you're 0:20:04.520 --> 0:20:06.600 saying I didn't like that when you get Yeah. 0:20:06.400 --> 0:20:11.040 It's not as flat as like the Aston Martin or 0:20:11.359 --> 0:20:14.639 the BMW XM, these cars that have active, you know, 0:20:14.680 --> 0:20:19.359 electronic sway bars that really hold it flat, so it 0:20:19.440 --> 0:20:21.920 doesn't it's like on the sporty side, it's not quite 0:20:21.920 --> 0:20:24.400 as much. If I wanted to be able to handle, 0:20:24.760 --> 0:20:27.119 you know, an urban jungle or even maybe take it 0:20:27.160 --> 0:20:29.880 off road, would you do that? I guess you could. 0:20:29.880 --> 0:20:31.960 In an organ I wouldn't either, But. 0:20:34.480 --> 0:20:37.760 Actually I think I did when I was when I 0:20:37.760 --> 0:20:39.800 did the test drive. But I wouldn't in my own 0:20:39.800 --> 0:20:40.880 personal way. 0:20:40.920 --> 0:20:42.679 I mean, why I don't heard it? 0:20:42.720 --> 0:20:43.480 Why would you do that? 0:20:44.160 --> 0:20:46.840 I will also say that if they were the same price, 0:20:46.880 --> 0:20:49.760 if you said, like, you can have and it's odd 0:20:49.960 --> 0:20:53.720 comparison because who is cross shopping an M E coop 0:20:53.920 --> 0:20:57.240 and A or as nobody. But if you said you 0:20:57.280 --> 0:21:00.800 can have either one of these cars, and but the 0:21:00.880 --> 0:21:03.159 resale value is the same, so you take out the 0:21:03.240 --> 0:21:06.480 money factor, sure I would take the M eight. 0:21:07.240 --> 0:21:09.800 And does that mean you're just a car person? Does 0:21:09.840 --> 0:21:11.320 that mean you're a BMW person? 0:21:11.560 --> 0:21:14.159 I don't know. I was wondering what it says about me, 0:21:14.840 --> 0:21:18.359 because I don't want to be necessarily a BMW person. 0:21:18.960 --> 0:21:22.280 The BMW people who were like honking at me or 0:21:22.320 --> 0:21:24.720 giving me the thumbs up on the road, they were 0:21:25.359 --> 0:21:28.879 like hooligans, you know that had like cut off their 0:21:28.920 --> 0:21:33.600 mufflers and you know, they were the epitomy of what 0:21:33.640 --> 0:21:38.760 you expect a BMW person to be. And then also like, 0:21:38.880 --> 0:21:41.040 I don't love the way the M E looks like 0:21:41.080 --> 0:21:43.800 it looks pretty good, but I don't think it looks great. 0:21:43.840 --> 0:21:46.359 I don't like BMW's design for the most part. 0:21:46.480 --> 0:21:48.639 How do you feel about the girl these days? Have 0:21:48.720 --> 0:21:49.320 we discussed that? 0:21:49.359 --> 0:21:51.760 I don't even care about it anymore like I did 0:21:51.880 --> 0:21:56.600 five years ago. But yeah, I like I like some 0:21:56.640 --> 0:21:59.840 of them. I like the M two, you know, I 0:22:00.040 --> 0:22:02.080 mean they don't. I don't hate the way they look, 0:22:02.119 --> 0:22:03.800 but I just don't care about the way they look. 0:22:03.880 --> 0:22:07.600 What I do like is that feeling of heft, like 0:22:07.640 --> 0:22:10.800 when you're turning a BMW it's got a heavy steering wheel, 0:22:10.800 --> 0:22:12.840 and critics hate it. Like I read the Car and 0:22:12.960 --> 0:22:19.360 Driver reviews and they they say, of the sporty sedans 0:22:19.440 --> 0:22:22.199 that you could buy, they ranked this number nine below 0:22:22.320 --> 0:22:27.520 like two different Panameras and like a two different Amgs, 0:22:27.560 --> 0:22:29.840 And of course for number one, they picked the Cadillac 0:22:29.920 --> 0:22:32.960 CT five V Black Wing. 0:22:33.200 --> 0:22:36.960 Well, I don't know if I mean, I will say 0:22:37.000 --> 0:22:40.359 there to me, I don't read their reviews. I read 0:22:40.359 --> 0:22:41.040 my own reviews. 0:22:41.119 --> 0:22:44.480 You don't driver, No, I google it. 0:22:45.760 --> 0:22:51.000 I did drive them five last weekend in Miami, and 0:22:51.040 --> 0:22:53.359 the steering was incredibly light and nimble. 0:22:53.680 --> 0:22:56.879 Weird. I'm gonna try it, But I was thinking of 0:22:56.920 --> 0:22:59.000 you when I was driving this, because you know, everybody 0:22:59.119 --> 0:23:03.200 bad mouths BMW no matter what it is, M two, 0:23:03.560 --> 0:23:08.000 M five, M A for there you know people. Yeah, 0:23:08.040 --> 0:23:10.800 but BMW kids who are like man, my E ninety 0:23:10.800 --> 0:23:15.200 two weighed so much less than you know. Oh and 0:23:15.200 --> 0:23:18.159 and I don't modern. I don't think that's a bad 0:23:18.800 --> 0:23:22.000 thing because you get in this. And my neighbor Eric, 0:23:23.080 --> 0:23:24.840 you know, who always goes on test drives with me, 0:23:25.119 --> 0:23:28.080 made the point that it's like a cruise missile this MA, 0:23:28.400 --> 0:23:30.760 like you could sit down and do a thousand miles, 0:23:30.760 --> 0:23:34.680 like Alex Roy would be comfortable going across country. And 0:23:34.720 --> 0:23:36.440 in fact, I think he did use once an M 0:23:36.520 --> 0:23:40.240 five standard. Yes, Like I just the car could take 0:23:40.320 --> 0:23:43.239 anything in terms of a road trip, and that's what 0:23:43.320 --> 0:23:44.920 I want in that kind of car. 0:23:46.200 --> 0:23:46.480 Yeah. 0:23:47.320 --> 0:23:51.440 Yeah, I'm surprised that the M five steering was light. 0:23:51.640 --> 0:23:55.040 I I mean, get in, get in, get in one 0:23:55.080 --> 0:24:00.000 and fye I. As I said in the review, every 0:24:00.040 --> 0:24:03.320 body asked the first question was how much does it weigh, 0:24:03.359 --> 0:24:06.879 and the weight in that car is kind of not 0:24:07.000 --> 0:24:12.879 the point they've They've done so much to make it 0:24:12.960 --> 0:24:15.800 handle well. I mean, we're not saying anything that BMW 0:24:15.880 --> 0:24:19.919 hasn't heard or doesn't already know, so obviously they're engineering 0:24:20.000 --> 0:24:26.639 cars to counterbalance their weight their hef. I thought it 0:24:26.680 --> 0:24:29.600 was a great car, and I actually even liked the 0:24:29.680 --> 0:24:30.600 looks were cool to me. 0:24:37.600 --> 0:24:39.480 We're getting to a point where I think most new 0:24:39.480 --> 0:24:41.600 cars I just don't really like the way they look. 0:24:41.680 --> 0:24:44.680 And but I guess I don't care because I I 0:24:44.760 --> 0:24:49.679 love also the Cadillac CT five V black Wing, and 0:24:49.800 --> 0:24:53.240 it is ugly. Like I The only reason I wouldn't 0:24:53.240 --> 0:24:55.200 buy it is because I wouldn't want it in my garage. 0:24:55.200 --> 0:24:57.840 I would try and make a way so if I 0:24:57.880 --> 0:25:00.600 got one, and I really do want one, because it 0:25:00.600 --> 0:25:02.960 has a supercharge six point two liters V eight and 0:25:03.040 --> 0:25:05.800 three pedals, but I would make it so that I 0:25:05.840 --> 0:25:08.720 open my garage door and then get in the car 0:25:08.800 --> 0:25:11.720 before I see it, you know, because I don't want 0:25:11.720 --> 0:25:12.880 to see the outside of it. Ever. 0:25:13.440 --> 0:25:16.879 Oh, you're putting a brown bag over its head exactly. 0:25:16.920 --> 0:25:22.080 I mean, yeah, I get it. I know I could 0:25:22.119 --> 0:25:24.000 never drive one of those or own one of those. 0:25:24.240 --> 0:25:27.119 It's just not a modern it doesn't It looks like 0:25:27.160 --> 0:25:28.120 it's from the eighties. 0:25:30.280 --> 0:25:34.080 Yes, it does. I always think of the Cimmarron, you know, 0:25:35.320 --> 0:25:37.600 and that's not that's not a good thing. 0:25:38.359 --> 0:25:40.720 But I mean a lot of good things did come 0:25:40.720 --> 0:25:43.440 from the eighties, but not that. But that. 0:25:43.480 --> 0:25:46.840 Where else can you find a supercharged V eight with 0:25:46.920 --> 0:25:50.040 a stick in a new car? Like you can't and 0:25:50.080 --> 0:25:53.440 it's so comfortable inside, by the way, the uh, I'll 0:25:53.480 --> 0:25:57.040 be interested to drive the M five because I don't 0:25:57.080 --> 0:25:59.840 know why you would want it over an M eight. 0:26:00.480 --> 0:26:03.320 I don't know all the stats. So maybe you know 0:26:03.359 --> 0:26:07.360 it's got boosted horsepower or somehow handles better. 0:26:07.400 --> 0:26:12.320 But then the car, right, uh yeah, the M five 0:26:12.400 --> 0:26:15.520 had seven hundred and seventeen horse power, Like how much 0:26:15.520 --> 0:26:19.120 more do you need? You know? No, you don't, Like 0:26:19.400 --> 0:26:20.960 you're not gonna even if you have it, you're not 0:26:20.960 --> 0:26:23.199 going to be able to use it. Plus it's a 0:26:23.440 --> 0:26:27.080 it is a hybrid, which I know you love. I 0:26:27.080 --> 0:26:30.000 mean to me, it was a great executive style. 0:26:30.119 --> 0:26:33.520 I guess that's not much difference. Yeah, So the MA 0:26:33.760 --> 0:26:37.000 competition has six hundred and seventeen horsepower one hundred less, 0:26:37.119 --> 0:26:38.240 but it's not a hybrid. 0:26:39.040 --> 0:26:43.760 Well, the M five is actually probably a more like 0:26:43.800 --> 0:26:46.520 a more modern advanced car at this point. 0:26:46.359 --> 0:26:48.439 Right, and you can fit more easily to people in 0:26:48.480 --> 0:26:53.520 the back, although in them a grand coupe, I could 0:26:53.600 --> 0:26:59.359 fit my daughter's child seats. So that yeah, it's like 0:26:59.760 --> 0:27:02.879 it's it's got enough room. And it's also like so 0:27:03.160 --> 0:27:07.040 low that you it's fun to like try and make 0:27:07.080 --> 0:27:09.439 it slip around corners. And I have this one on 0:27:09.520 --> 0:27:11.040 summer tires, so I can. 0:27:11.280 --> 0:27:15.560 Oh. I mean, I BMW is doing pretty well. I 0:27:15.640 --> 0:27:21.440 know that, you know, as you know, every autumnmaker suffered 0:27:21.520 --> 0:27:24.920 last year with evs. They just aren't They weren't selling 0:27:24.960 --> 0:27:28.359 as much as everyone thought they were. But BMW outpaced 0:27:28.960 --> 0:27:35.600 OUTI Portie and Mercedes, and some of their EV's actually 0:27:35.760 --> 0:27:37.760 saw an uptick in sales. For instance, I know that 0:27:37.880 --> 0:27:42.159 I four BMW actually saw a double figure uptick. So 0:27:42.720 --> 0:27:46.760 I think we should be watching BMW. Actually, yes, I 0:27:46.800 --> 0:27:51.119 think it's doing something right, which is really good to see. 0:27:51.720 --> 0:27:53.879 I'm just going to look quickly at the market cap. 0:27:53.960 --> 0:27:57.080 I know this isn't really a Stuart show, but I 0:27:57.160 --> 0:28:01.520 noticed today that Folkswagen's market cap was lower than Mercedes, 0:28:01.520 --> 0:28:05.240 which they're having sincere problems. And I know you have 0:28:05.280 --> 0:28:09.400 a story about Porscho, which is obviously traded separately now, 0:28:09.400 --> 0:28:16.440 but it's still so BMW fifty four billion euros. Mercedes 0:28:17.400 --> 0:28:22.360 is trading for fifty eight and a half billion euros, 0:28:22.960 --> 0:28:25.840 but Folkswagen, I think, is right in between that at 0:28:26.080 --> 0:28:28.200 fifty five. By the way, the reason I was looking 0:28:28.240 --> 0:28:33.360 at all these market caps is because Tesla yesterday recording 0:28:33.400 --> 0:28:36.200 US on Tuesday. So on Monday, Tesla was down fifteen percent. 0:28:36.760 --> 0:28:40.200 Year to date, Tesla's down forty five percent from its peak. 0:28:40.320 --> 0:28:44.800 Tesla has lost eight hundred and twenty six billion dollars. 0:28:44.880 --> 0:28:59.200 So Tesla has lost since December more market cap than Toyota, Honda, Nissan, Renault, Mercedes, Folkswagen, 0:28:59.440 --> 0:29:07.280 bmd W, Stilantis, Ford, General motors, Portia, Ferrari, and Aston 0:29:07.360 --> 0:29:12.040 Martin all put together. So basically every automaker you can 0:29:12.160 --> 0:29:15.760 name other than like the Chinese ev makers. Add those 0:29:15.840 --> 0:29:18.160 all up and they still don't have as much market 0:29:18.200 --> 0:29:21.240 cap as Tesla lost since its peak in December. 0:29:22.400 --> 0:29:25.520 No, what's the reason for that, Matt Well. 0:29:25.760 --> 0:29:28.240 I mean, the most recent drop is just because a 0:29:28.240 --> 0:29:32.640 couple of analysts have downgraded their expectations for deliveries. I 0:29:32.720 --> 0:29:35.720 think it was UBS that downgraded its expectation for first 0:29:35.800 --> 0:29:37.960 quarter deliveries at three hundred and sixty seven thousand, and 0:29:38.080 --> 0:29:42.560 for full year deliveries to five percent lower than last year. 0:29:42.600 --> 0:29:45.280 So they don't think Tesla's deliveries are going to climb anymore. 0:29:45.280 --> 0:29:47.880 That's not consensus. The street still thinks their deliveries will 0:29:47.960 --> 0:29:51.840 rise ten percent. But a lot of people have been 0:29:51.880 --> 0:29:59.080 turned off by Elon Musk's brazen approach to you know, 0:29:59.160 --> 0:30:04.000 federal government cost cutting, and they're just not buying the vehicles. 0:30:04.000 --> 0:30:09.120 I mean, registrations in Germany fell seventy percent in the 0:30:09.160 --> 0:30:12.600 first two months after he got involved in German politics. 0:30:13.000 --> 0:30:18.240 So it's not His customer base doesn't love his chainsaw persona, 0:30:19.280 --> 0:30:24.320 his sort of mean spirited trolling, but Donald Trump does 0:30:24.360 --> 0:30:26.560 love it, so he tweeted that he's going to buy 0:30:26.560 --> 0:30:27.080 a Tesla. 0:30:27.480 --> 0:30:30.280 I do wonder if there is and maybe you know 0:30:30.400 --> 0:30:33.080 this and you can tell me, you know, is there 0:30:33.200 --> 0:30:36.640 concern that just in general, whether whatever you think of Elon, 0:30:37.520 --> 0:30:42.280 that he is rather distracted doing all of this other 0:30:42.440 --> 0:30:46.480 stuff instead of running a car company. I mean, on 0:30:46.520 --> 0:30:51.200 a very fundamental level, one human only has the same 0:30:51.240 --> 0:30:53.800 amount of hours and every day as all of the 0:30:53.800 --> 0:30:57.800 rest of us, even if he is a genius. You know, 0:30:57.880 --> 0:31:00.600 Tesla's a big company. Is there concern that he's simply 0:31:00.600 --> 0:31:02.120 distracted among other things? 0:31:02.280 --> 0:31:04.720 Yeah, no, absolutely. I mean we talked to an analyst 0:31:04.720 --> 0:31:07.560 who has a buy on the stock, but has said, look, 0:31:08.000 --> 0:31:10.400 they have a deep bench and Elon has a lot 0:31:10.440 --> 0:31:13.240 of other stuff to do. Maybe he finds somebody else, 0:31:14.440 --> 0:31:17.640 you know, to take the reins while he's firing as 0:31:17.640 --> 0:31:21.400 many government workers as he can. And there are other 0:31:21.440 --> 0:31:25.040 reasons as well. I mean, they have had problems in China, 0:31:25.240 --> 0:31:29.200 where everybody has problems competing with BYD and China is 0:31:29.280 --> 0:31:32.960 part of the future for you know, the profit picture 0:31:33.000 --> 0:31:35.440 at Tesla. So there's a there's a I think a 0:31:35.520 --> 0:31:37.920 number of reasons, but it's just amazing. I also think 0:31:37.960 --> 0:31:40.880 they they rose too far too fast after the election. 0:31:40.920 --> 0:31:43.520 Everyone's like, oh, Elon Musk is co president, let me 0:31:43.560 --> 0:31:45.720 go buy the shares and pumped him up to a 0:31:45.760 --> 0:31:49.240 record price. So there's a lot of reasons, but it's fascinating. 0:31:50.200 --> 0:31:53.000 It's fascinating, and I also have to say, you know, 0:31:53.160 --> 0:31:57.200 I've always said in the years when Tesla was sort 0:31:57.240 --> 0:32:00.240 of the only game in town, just because the large 0:32:00.320 --> 0:32:04.280 OEMs aren't making electric vehicles now doesn't mean they can't. 0:32:04.680 --> 0:32:08.240 It means they're they're waiting for whatever reason. And now 0:32:08.760 --> 0:32:12.440 we do have so many more hybrid and electric options 0:32:12.480 --> 0:32:18.680 from long term automakers, not you know, technology startups, startups 0:32:18.680 --> 0:32:23.240 and quotes. You know, there are lots of options now, 0:32:23.360 --> 0:32:26.760 and I think maybe consumers are realizing that. I can't 0:32:26.760 --> 0:32:29.880 tell you how many people have asked me what, hey like, 0:32:30.320 --> 0:32:32.600 what EV's are out there? Like? They know, they kind 0:32:32.600 --> 0:32:34.400 of know there are a lot out there. They may 0:32:34.400 --> 0:32:37.719 not know which brands are making which evs, but at 0:32:37.720 --> 0:32:40.320 this point people seem to understand there are more options 0:32:40.360 --> 0:32:41.600 than simply Tesla. 0:32:41.800 --> 0:32:44.360 True. Now, I did ask the analyst I spoke to 0:32:44.360 --> 0:32:48.280 you about full self driving, and I said, look, Alex 0:32:48.400 --> 0:32:54.840 Roy drove this Tesla across the country and used the 0:32:54.880 --> 0:32:57.280 self driving capabilities ninety eight and a half percent of 0:32:57.280 --> 0:33:01.120 the time. So to me, that's pretty full self driving. Yeah, 0:33:01.160 --> 0:33:02.720 And the and I said, couldn't he have done it 0:33:02.760 --> 0:33:05.640 in a Mercedes? And the guy said no, Actually, that's 0:33:05.720 --> 0:33:09.120 that's the point. He said, nobody else has the technology 0:33:09.120 --> 0:33:12.320 that Tesla has in that respect, so they're banking on that. 0:33:14.560 --> 0:33:17.560 And Tesla has always had kind of a leg up 0:33:17.640 --> 0:33:21.440 in terms of its battery tech, in terms of the 0:33:21.480 --> 0:33:25.360 self driving capabilities. I mean, I was talking with a 0:33:25.440 --> 0:33:29.320 viewer today who has had like every Porsche. He said, 0:33:29.400 --> 0:33:32.640 right now he has a racing yellow twenty fourteen nine 0:33:32.680 --> 0:33:36.480 to eleven C four s yellow. You say yellow. Yet 0:33:36.560 --> 0:33:42.360 another listener with a yellow Porsche. But he he said, 0:33:42.360 --> 0:33:46.320 he he did have a Tychon and let's see, I 0:33:46.440 --> 0:33:49.640 must say the range limitation has been a huge disappointment, 0:33:49.720 --> 0:33:53.120 he told me. Or he does have a Taykon, but 0:33:53.240 --> 0:33:56.280 now he's going to a V eight Cayenne instead, which 0:33:56.400 --> 0:33:56.960 good choice. 0:33:57.480 --> 0:34:01.280 I know we can support that, you know. Yeah, this 0:34:01.440 --> 0:34:05.560 kind of goes into the story that we published about 0:34:06.240 --> 0:34:10.319 Porsche's EV program and how they really have taken a 0:34:10.400 --> 0:34:16.160 hit in the last year. And you know what you're saying, 0:34:16.200 --> 0:34:20.400 this guy told you, I've heard from dozens of people 0:34:20.719 --> 0:34:26.080 that unfortunately, you know, there have been some real problems 0:34:26.120 --> 0:34:32.080 with reliability, recalls, range issues, et cetera, et cetera. 0:34:32.480 --> 0:34:35.040 That's horrible, by the way, because Porsche should have no 0:34:35.200 --> 0:34:39.319 reliability issues. Right, the whole point of porschas that it 0:34:39.320 --> 0:34:40.040 doesn't break. 0:34:41.440 --> 0:34:45.040 Yeah, I think that is why it's such a surprise, 0:34:45.160 --> 0:34:51.080 because Porsche for since, certainly since it's IPO in twenty 0:34:51.120 --> 0:34:55.359 twenty two, has been really at the top. You know, 0:34:55.440 --> 0:34:58.200 it's been so dominant, it's had it's had just this 0:34:58.440 --> 0:35:03.600 white hot high attached to it in terms of how 0:35:03.960 --> 0:35:08.040 much people are willing to spend on their cars proportionate 0:35:08.280 --> 0:35:10.879 to you know, what the MSRP is. They'll spend two 0:35:10.880 --> 0:35:14.239 and three times more. They'll wait for years to get 0:35:14.280 --> 0:35:17.719 certain nine to eleven's, you know, group sales and profits 0:35:17.760 --> 0:35:21.799 have been you know, record setting year over year over year, 0:35:22.840 --> 0:35:25.680 and twenty twenty four was really the first year that 0:35:25.760 --> 0:35:31.719 they didn't have this gangbuster's full steam ahead result. And 0:35:32.680 --> 0:35:36.200 it has to do with the EV program at Porsche, which, 0:35:36.640 --> 0:35:42.600 especially for Porsie, I think is it's a question about 0:35:43.280 --> 0:35:46.440 what Porsha means for a lot of people because of 0:35:46.480 --> 0:35:49.840 how deeply they feel about the brand. It's a question 0:35:49.960 --> 0:35:54.680 of what does Porscha mean as a brand? And if 0:35:54.719 --> 0:35:58.759 it does have electric vehicles, does that change how I 0:35:58.800 --> 0:36:03.080 feel about it? Yes or no? And it's been really 0:36:03.120 --> 0:36:05.719 interesting to talk to people. For some people, for a 0:36:05.760 --> 0:36:10.080 lot of people, they seem to believe that, you know, 0:36:10.120 --> 0:36:13.160 I talked with multiple owners of Tykens who have struggled 0:36:13.200 --> 0:36:16.640 with recalls, and they still say they love Porsche. This 0:36:16.760 --> 0:36:18.600 is you know, this might have been their first EV 0:36:18.680 --> 0:36:21.400 they ever owned, but it's not their first Porsche they 0:36:21.400 --> 0:36:24.839 ever owned, and they will own more Porsches, so they're 0:36:24.840 --> 0:36:29.560 able to separate this idea that of EV's from what 0:36:29.640 --> 0:36:32.600 Porscha means to them, which is like a very engaging, thrilling, 0:36:33.360 --> 0:36:33.919 driving bread. 0:36:34.040 --> 0:36:37.080 That's good for Porsche. But yeah, it is good, and 0:36:37.120 --> 0:36:39.440 I know what you're saying. They're sort of dominant in 0:36:39.520 --> 0:36:44.040 terms of margins, but in terms of their stock performance. 0:36:44.640 --> 0:36:48.080 Of the German car makers, Porsche is the only one 0:36:48.560 --> 0:36:51.240 with a negative total return. It went public in September 0:36:51.239 --> 0:36:55.200 of twenty twenty two and it's down thirty percent. Folkswagon 0:36:55.239 --> 0:36:58.120 in that time is up fourteen percent, BMW is up 0:36:58.760 --> 0:37:02.759 forty percent, and Mercedes is up thirty five percent. So 0:37:03.480 --> 0:37:07.960 since Porsche's IPO, anyone who invested in them is a loser. 0:37:08.239 --> 0:37:10.560 And by the way, Ferrari in that time is up 0:37:10.600 --> 0:37:12.360 one hundred and thirty seven percent. 0:37:14.239 --> 0:37:17.440 You know what's wild Speaking of Ferrari, You know, Ferrari 0:37:17.640 --> 0:37:20.040 is really the north star that a lot of these 0:37:20.080 --> 0:37:25.200 automakers would love to have, the profits and value of Ferrari. 0:37:26.320 --> 0:37:29.200 The average price of a Ferrari is four times more 0:37:29.239 --> 0:37:32.520 than the average price of Portie, four times. Like, we 0:37:32.960 --> 0:37:36.600 talk about prices all the time, and it's on. It's 0:37:36.719 --> 0:37:39.920 just Ferrari is kind of still in its own stratosphere, 0:37:41.480 --> 0:37:44.080 which I think is really interesting. But that's a little 0:37:44.120 --> 0:37:45.400 off off to your point. 0:37:46.800 --> 0:37:48.960 It's right, you're right though, far of all the publicly 0:37:49.000 --> 0:37:53.160 traded car makers, I think Ferrari must have the highest 0:37:53.320 --> 0:37:57.160 average sales price, right because Aston Martin doesn't reach that, 0:37:58.200 --> 0:38:01.759 and roll Choice is going to be averaged in with 0:38:02.200 --> 0:38:04.839 the BMW S. Spentley is going to be averaged in 0:38:04.840 --> 0:38:05.640 with Folkswagen. 0:38:05.800 --> 0:38:09.279 So yeah, well, and those are such such so much 0:38:09.320 --> 0:38:13.080 smaller you know, production volumes. I think last year Porsche 0:38:13.160 --> 0:38:16.440 sold like three hundred and ten thousand or so vehicles worldwide. 0:38:16.480 --> 0:38:21.080 I mean that's quite a few. Yeah, but you know 0:38:21.160 --> 0:38:25.319 they speaking of China and BYD and Tesla Porscha was 0:38:25.360 --> 0:38:28.560 down twenty eight percent in China last year, which is massive, 0:38:28.800 --> 0:38:31.040 and even sales of nine to eleven are going down 0:38:31.040 --> 0:38:36.120 in China, which you know, I remember for years China 0:38:36.160 --> 0:38:40.719 was this like great hope for automakers. Whenever I would 0:38:40.760 --> 0:38:44.600 ask where their growth could be, where their most promising markets, 0:38:44.600 --> 0:38:48.040 they all said China, China, China, China number one. You know, 0:38:48.120 --> 0:38:52.080 it's full full speed ahead. Like I said before, Well, 0:38:52.080 --> 0:38:57.000 they've had their end. Yeah, yeah, it's not it's not 0:38:57.080 --> 0:39:00.439 bearing out. And so I think, you know, just having 0:39:00.440 --> 0:39:05.080 their annual press conference tomorrow, which is which will be Wednesday, 0:39:05.480 --> 0:39:08.239 and I think we might see I think we might 0:39:08.239 --> 0:39:10.840 actually hear some news about it. I think they're I 0:39:10.880 --> 0:39:13.560 think already you know, they've said they're going to take 0:39:13.600 --> 0:39:16.279 an eight hundred and thirty seven million dollar hit to 0:39:16.320 --> 0:39:19.960 produce more combustion and hybrid engines this year, and I 0:39:19.960 --> 0:39:23.640 think we can expect to see more of a pivot 0:39:24.400 --> 0:39:29.000 to at least slow down the EV program. 0:39:29.239 --> 0:39:32.600 I wonder for now, I mean, how much longer does 0:39:32.680 --> 0:39:36.879 Oliver Blooma get to run Porsche and Volkswagen. Like he's 0:39:36.920 --> 0:39:42.920 running this behemoth, you know, the car of the people maker, 0:39:43.560 --> 0:39:47.800 and he's also running Porsche with like different management boards 0:39:47.800 --> 0:39:51.359 that both. I just feel like, maybe I know. 0:39:52.239 --> 0:39:55.440 You know, I asked Porscha about that and this this 0:39:55.520 --> 0:39:59.040 didn't get really included in the story, but you know, 0:39:59.600 --> 0:40:04.279 a fish statement back was Oliver saying, you know that 0:40:04.480 --> 0:40:09.319 being able to oversee both brands actually helped him with 0:40:09.920 --> 0:40:13.839 organization and sort of a uniform front on everything. Now, 0:40:13.880 --> 0:40:17.600 that's what they said, but I also know, you know, 0:40:18.440 --> 0:40:21.520 two weeks ago Portia let go of two of its 0:40:21.600 --> 0:40:30.799 most powerful executives because of again, these increasingly public struggles 0:40:31.560 --> 0:40:35.120 that they've had with the EV program. 0:40:36.120 --> 0:40:38.480 Yeah, I would probably say the same thing as Bluema, 0:40:38.680 --> 0:40:41.040 because I would want both. Yeah, but I don't know 0:40:41.320 --> 0:40:44.319 as a shareholder if I would be terribly thrilled about it. 0:40:45.360 --> 0:40:47.239 I want to just look, I just want to give 0:40:47.280 --> 0:40:50.880 a shout out to the people who've been shooting us emails. 0:40:51.280 --> 0:40:55.000 Yes, and some good ones lately. 0:40:55.080 --> 0:40:58.680 We have really and it's it's kind of awkward and 0:40:58.719 --> 0:41:01.560 a little embarrassing that we were saying. I was saying, 0:41:01.920 --> 0:41:04.480 I can't understand why anyone ever buy a yellow car, 0:41:04.800 --> 0:41:07.000 and you were like, yeah, white pearlescent for me, I 0:41:07.080 --> 0:41:09.520 just can't. And then we got a message from a 0:41:09.560 --> 0:41:13.720 guy who his wife has a yellow nine to eleven 0:41:13.760 --> 0:41:19.520 Turbo and he has a white Parlescent a land Cruiser, 0:41:19.520 --> 0:41:23.680 a new land Cruiser, which is pretty sweet. Wind chill 0:41:23.719 --> 0:41:25.160 a pearl is what they call it. 0:41:25.920 --> 0:41:28.879 Well, you know what, variety is a spice of life, right, 0:41:29.239 --> 0:41:30.959 just because we don't want it doesn't mean you can't 0:41:31.000 --> 0:41:31.319 have it. 0:41:32.000 --> 0:41:37.319 Yes, yes, and judgments exactly. I mean maybe yellow is 0:41:37.640 --> 0:41:38.520 actually faster. 0:41:41.320 --> 0:41:44.080 Maybe I should test that out. 0:41:44.120 --> 0:41:48.360 I don't know. So, yeah, we've gotten some pretty cool emails, 0:41:48.360 --> 0:41:50.560 and one from a guy who's helping me out in 0:41:50.600 --> 0:41:53.160 my search for a hog. By the way, Harley Davidson 0:41:53.280 --> 0:41:56.960 chairs have fallen less than Porsche shares since the p 0:41:59.080 --> 0:42:01.560 that's a tough stock to own, right, that's down twenty 0:42:01.600 --> 0:42:05.600 five percent. It's September of twenty twenty two. That's a 0:42:05.640 --> 0:42:09.480 real problem. And oh so he and this guy pointed 0:42:09.520 --> 0:42:11.680 out to me some market intel that I think is 0:42:11.840 --> 0:42:14.879 pretty fascinating. We were making a joke about the age 0:42:14.880 --> 0:42:18.880 of Harley buyers, right because one dealer was offering a 0:42:18.880 --> 0:42:22.680 free proctology exam if you come in and go for 0:42:22.760 --> 0:42:26.279 a test. Dride so and people say all the time, 0:42:26.360 --> 0:42:29.800 like the demographics are a problem because it's just guys 0:42:29.880 --> 0:42:32.000 my age who want to get on a Harley. Right, 0:42:32.080 --> 0:42:35.080 younger kids are on sport bikes and love Doo Cotties, 0:42:35.160 --> 0:42:38.640 and then I can't bend that much anymore, and I 0:42:38.719 --> 0:42:39.200 just want. 0:42:39.000 --> 0:42:39.800 To create it. 0:42:40.360 --> 0:42:42.560 That's part of it being That's part of it. Like 0:42:42.680 --> 0:42:45.480 even even my monsters are tough for me to fit 0:42:45.560 --> 0:42:48.960 myself on. I'm a I have a particularly strange body shape, 0:42:48.960 --> 0:42:54.439 but so so the Harleys are what older people would 0:42:54.480 --> 0:42:57.400 go to. Right, The younger bikes that Harley makes, like 0:42:57.440 --> 0:43:01.000 the Street Bob and the Lowrider that are popular the kids. 0:43:01.040 --> 0:43:02.759 Those are hard for me to fit on because they 0:43:02.760 --> 0:43:06.040 have mids. But this guy said, you know what, I 0:43:06.080 --> 0:43:08.560 saw an article on Wall Street Journal in two thousand 0:43:08.600 --> 0:43:10.880 and two that was saying the same thing. And the 0:43:10.960 --> 0:43:16.040 fact is we have more people aging into that demographic 0:43:16.440 --> 0:43:19.879 than are aging out of that demographic for the next 0:43:19.920 --> 0:43:20.680 twenty years. 0:43:21.360 --> 0:43:22.959 So this is good news. 0:43:23.400 --> 0:43:27.000 Yeah, I think that's a fascinating point. Like, I guess 0:43:27.040 --> 0:43:29.960 there are other reasons why you want younger people buying 0:43:29.960 --> 0:43:33.600 your product, But if it's just out of sheer volume, 0:43:35.440 --> 0:43:38.120 there are gonna be a lot more fifty year olds 0:43:38.160 --> 0:43:40.680 in the next few years than there are now, or 0:43:40.719 --> 0:43:44.879 at least not not fewer yeah, yeah. 0:43:44.680 --> 0:43:47.960 Yeah, great news. So maybe it's not all hum and gloom. 0:43:48.520 --> 0:43:52.120 Yeah. He liked your take that some companies aren't meant 0:43:52.120 --> 0:43:54.080 to live forever. But I feel like this one is 0:43:54.239 --> 0:43:55.680 that's true, you know. 0:43:55.880 --> 0:43:58.400 And it does. It's not a bad thing. It just 0:43:59.080 --> 0:44:01.600 and you know what I need to go. Maybe I 0:44:01.640 --> 0:44:04.560 am making some value judgments on the white purlesson. I 0:44:04.560 --> 0:44:06.719 think maybe I do make a value judgment on that. 0:44:07.080 --> 0:44:07.880 Just for the record. 0:44:08.239 --> 0:44:11.279 Yeah, well you should go out there and test dride 0:44:11.400 --> 0:44:19.040 a white parlescent Harley Davidson road Glide st like they 0:44:19.080 --> 0:44:23.439 have hot, hot looking white paints and you like white cars. 0:44:23.440 --> 0:44:26.400 Are you serious? You can buy a white Harley Davidson. 0:44:26.680 --> 0:44:26.879 Yeah. 0:44:26.920 --> 0:44:28.720 Matt laid Law from the dealer. 0:44:29.560 --> 0:44:32.320 Laidlaw has a Harley and he's like a YouTube star. 0:44:33.920 --> 0:44:37.040 Really, oh wow, I didn't even know they made those. 0:44:37.200 --> 0:44:39.680 They look good and white. I don't normally I wouldn't 0:44:39.680 --> 0:44:41.560 buy a white bike typically, and I don't want a 0:44:41.560 --> 0:44:43.759 white fat Bob. But if I was going to get 0:44:43.960 --> 0:44:46.799 a road glide or a street glide, I would consider white. 0:44:46.800 --> 0:44:48.560 And it's also a very safe color. 0:44:50.280 --> 0:44:54.200 Well, yeah, everyone's looking at you and judging you. I'm 0:44:54.320 --> 0:44:57.400 imagining Elvis. For some reason, this seems like a very 0:44:57.440 --> 0:45:00.640 like Elvis in the later years, where he's not looking good. 0:45:00.560 --> 0:45:03.280 Because he had the suit. You like, the white suit. 0:45:03.800 --> 0:45:05.440 Yeah, a little bit bloated. 0:45:05.200 --> 0:45:09.960 Be jeweled Elvis. I wonder, let's see Elvis is Harley. 0:45:10.560 --> 0:45:15.319 I'm sure that he had many, but I see I 0:45:15.360 --> 0:45:17.400 see some. I see some white bikes. There. 0:45:18.040 --> 0:45:20.640 There you go. That's been in the recesses of my 0:45:20.680 --> 0:45:21.200 brain for. 0:45:21.160 --> 0:45:25.920 The most part, light blue with black trim. We should 0:45:25.960 --> 0:45:29.680 interject to add our email address it is hot Pursuit 0:45:29.719 --> 0:45:33.239 at Bloomberg dot net. And we do read all of 0:45:33.280 --> 0:45:35.239 the emails we get. We use a lot of the 0:45:35.280 --> 0:45:46.160 suggestions on air, and we always reply as well, all right, 0:45:46.200 --> 0:45:47.960 what else have you got going on? So you drove 0:45:48.000 --> 0:45:49.799 the cadac IQ, you're going to talk to us about 0:45:49.800 --> 0:45:51.600 it next week. And I really want to also get 0:45:51.960 --> 0:45:52.759 Mark Royce on to. 0:45:52.800 --> 0:45:56.720 Talk about Yeah, we we that'll happen. We're we're talking 0:45:56.760 --> 0:45:59.600 with his people to get him on. Unfortunately we couldn'te 0:45:59.680 --> 0:46:00.959 him on to but well. 0:46:00.880 --> 0:46:02.360 No, that's good because you wouldn't have been able to 0:46:02.360 --> 0:46:03.800 talk about your driving impressions anyway. 0:46:03.840 --> 0:46:07.680 Exactly, it's even better. So now I'm going to go 0:46:07.719 --> 0:46:13.000 to Italy for the world premiere of the Mercedes CLA sedan, 0:46:13.320 --> 0:46:18.680 which is their sort of entry level electric sedan that 0:46:18.719 --> 0:46:22.759 they are promising will be a very long range EV 0:46:23.800 --> 0:46:26.439 and I will not be driving it, but I will 0:46:26.480 --> 0:46:29.239 be riding around in it with Ola Colinius, who's the 0:46:29.280 --> 0:46:33.760 head of Mercedes Benz, and learning all about how they 0:46:33.840 --> 0:46:38.160 are going to right their ship as it were in 0:46:38.280 --> 0:46:41.200 the world of evs, because Mercedes has also taken quite 0:46:41.239 --> 0:46:43.520 a hit with their EV program. It's it's just not 0:46:43.640 --> 0:46:45.520 doing as well as I thought they that it would. 0:46:46.520 --> 0:46:50.759 So you're going to another country on another continent to 0:46:50.960 --> 0:46:53.960 ride in a car. 0:46:53.480 --> 0:46:58.880 Yes i am, but with the literal boss of Mercedes 0:46:59.160 --> 0:47:04.600 true an exclusive interview. So yes, that for us that 0:47:04.760 --> 0:47:05.320 is worth. 0:47:05.080 --> 0:47:07.480 It more than just the boss of Mercedes. He used 0:47:07.480 --> 0:47:11.800 to run AMG so he has like some pretty chops. 0:47:12.200 --> 0:47:15.000 He's got legit chops and I remember, you know, I 0:47:15.040 --> 0:47:18.000 did the same thing when the electric g Wagon came out, 0:47:18.920 --> 0:47:23.439 and he is a really interesting person. And so yeah, 0:47:23.480 --> 0:47:27.319 I mean anytime we get access to truly the most 0:47:27.320 --> 0:47:30.680 powerful person in the room as an exclusive for a 0:47:30.719 --> 0:47:33.319 world debut, yeah, it's it's definitely worth it. We want 0:47:33.320 --> 0:47:34.520 to hear from the horse's. 0:47:34.239 --> 0:47:39.400 Mouth that is very cool. I'm a little bit jealous, 0:47:41.080 --> 0:47:43.640 come on, just because I want to hang out with Ola. Frankly, 0:47:45.280 --> 0:47:47.879 he's not to drive the CLA, the electric CLA. I 0:47:47.920 --> 0:47:51.200 still like the gas motors. Remember I had this CLE 0:47:52.080 --> 0:47:55.480 four fifty, which isn't even like an AMG model, and 0:47:55.520 --> 0:47:57.279 I fell in love with it. 0:47:58.040 --> 0:48:02.359 Yeah, I believe it, Phil, What are you doing well? 0:48:02.480 --> 0:48:06.440 I don't really have any plans them. I'm shopping for 0:48:06.480 --> 0:48:09.960 this Harley Davidson. You know, I'm looking all across the 0:48:10.000 --> 0:48:13.320 country and I'm I'm having a fun experience with the dealers. 0:48:13.680 --> 0:48:16.439 Some dealerships are like, all right, it's a twenty twenty 0:48:16.480 --> 0:48:18.240 three model. We want to get it off the floor. 0:48:18.640 --> 0:48:21.720 You know, here's five thousand off and take it please. 0:48:22.040 --> 0:48:25.239 And others are like, you know, we can offer you 0:48:25.320 --> 0:48:28.480 this or that plus a nine ninety five prep fee, 0:48:28.600 --> 0:48:34.200 nine to seventy five delivery fee, three ninety nine tax 0:48:34.280 --> 0:48:37.799 and title for ninety nine doc fee. By the way, 0:48:37.840 --> 0:48:40.640 so many of them are like insist that you pay 0:48:40.680 --> 0:48:45.040 them six hundred dollars for a theft device, you know. 0:48:45.360 --> 0:48:47.799 And one guy was explaining it to me out of 0:48:48.640 --> 0:48:52.200 I think Mississippi, and he was like, it's five ninety 0:48:52.280 --> 0:48:55.160 nine and that way, if your bike gets stolen, we 0:48:55.239 --> 0:48:57.840 give you a five thousand in credit towards the purchase 0:48:57.840 --> 0:49:00.319 of your next Harley. And I was like, well, I'm 0:49:00.400 --> 0:49:03.400 unlikely to be buying it from you in Mississippi, so 0:49:03.400 --> 0:49:05.600 how about we skip that part. No, we insist it's 0:49:05.640 --> 0:49:06.440 pre installed. 0:49:08.360 --> 0:49:13.480 That's annoying to deal with that. No, complete ripoff. They 0:49:13.560 --> 0:49:14.920 must think you were born yesterday. 0:49:14.960 --> 0:49:17.799 It's like they're trying not to sell a motorcycle. Yeah, 0:49:17.840 --> 0:49:21.320 like if you start insisting that not only I purchase 0:49:21.440 --> 0:49:25.000 a bike from you, but also some insurance fraud that 0:49:25.000 --> 0:49:26.960 you've got going on, like I don't want to take 0:49:26.960 --> 0:49:27.440 part in that. 0:49:28.600 --> 0:49:32.440 No, no, No, you can buy from someone else. There 0:49:32.440 --> 0:49:34.640 are many many people who I'm sure would be glad 0:49:34.680 --> 0:49:35.520 to sell you a bike. 0:49:36.120 --> 0:49:38.799 Yeah, we'll think about it. If all these fees add 0:49:38.880 --> 0:49:41.640 up to like twenty five percent more than the than 0:49:41.680 --> 0:49:45.600 the bike price, maybe let's go used. But yeah, I 0:49:45.600 --> 0:49:48.399 have nothing else going on. The Moto GP is back 0:49:48.440 --> 0:49:52.040 on this week, and I don't know if you saw 0:49:52.080 --> 0:49:55.520 the first weekend of the races, but Mark Marquez. 0:49:55.160 --> 0:50:00.279 You know I missed it and the race for Ducati, Wait, 0:50:00.320 --> 0:50:02.400 who did Who is the rider Mark Marquez? 0:50:03.280 --> 0:50:06.960 I mean he is like the Golden child. And some 0:50:07.000 --> 0:50:10.480 people were a little bit hurt when Ducatti chowse him 0:50:10.480 --> 0:50:13.080 instead of Jorge Martin. But of course he wins everything. 0:50:13.120 --> 0:50:15.759 It's like he's a cheat code. By the way, I 0:50:15.800 --> 0:50:20.879 also noticed something cool. I was watching Moto America, Super 0:50:20.920 --> 0:50:22.920 Hooligans and King of the Baggers now that I'm a 0:50:23.000 --> 0:50:29.400 Bagger fan, and Keanu Reeves is racing his Arch kg 0:50:30.000 --> 0:50:35.400 RT a krant. Yeah. The Arch Motorcycles has a team 0:50:36.040 --> 0:50:39.520 in the Super Hooligans and Corey Alexander is riding it 0:50:39.960 --> 0:50:43.480 from hudson Ville Motorcycles here. Yeah, I mean so cool. 0:50:43.800 --> 0:50:48.719 Wow, that's that's legit. I'm surprised that Keanu doesn't have 0:50:48.760 --> 0:50:51.959 insurance clauses with his films that he can't ride. 0:50:52.080 --> 0:50:55.960 No, no, he's not racing them, he's but his motorcycles are 0:50:55.960 --> 0:50:56.879 in the series. 0:50:57.440 --> 0:51:01.600 Okay, okay, okay. We should talk about Cadillac joining Formula 0:51:01.640 --> 0:51:05.320 One in twenty twenty six. That's a big deal. Yeah 0:51:05.440 --> 0:51:06.759 did you hear about this? 0:51:06.880 --> 0:51:09.759 Yes, for sure, And to the eleventh team. I mean 0:51:10.239 --> 0:51:12.799 it's so cool that they're gonna happen. 0:51:12.960 --> 0:51:15.239 Completely and they're gonna have for sure, they're going to 0:51:15.320 --> 0:51:16.160 have an American driver. 0:51:16.560 --> 0:51:18.400 I don't know who, Brad Pitt. 0:51:18.160 --> 0:51:22.640 But yeah, I think it's you know, people seem to 0:51:22.719 --> 0:51:27.799 really not like Mario Andretti. Why depends on who you ask. 0:51:27.920 --> 0:51:30.439 I was. I was standing around talking about it last 0:51:30.480 --> 0:51:34.160 night with a bunch of people from Cadillac, the point being, 0:51:34.800 --> 0:51:37.520 you know, if one lets Cadillac in but does not 0:51:37.640 --> 0:51:39.120 want Andretti. 0:51:39.400 --> 0:51:43.000 In, I see, okay. I hadn't looked deeper into it 0:51:43.040 --> 0:51:46.399 because Formula one is more boring than that a grass grow. 0:51:47.719 --> 0:51:49.280 But maybe it won't be when Cadillac. 0:51:49.480 --> 0:51:52.520 I'm so surprised you think that. I am so surprised. 0:51:52.520 --> 0:51:55.920 You think that they just don't there's no passing, you know, 0:51:57.320 --> 0:51:59.759 they just however you qualified, then you drive in that 0:51:59.880 --> 0:52:02.040 line until the finish. 0:52:02.680 --> 0:52:04.600 Well, one of these days there might be a pass, 0:52:05.040 --> 0:52:06.440 you know. That's what we're all waiting for. 0:52:06.520 --> 0:52:09.520 I feel like they need smaller cars or bigger tracks. 0:52:09.800 --> 0:52:13.560 I don't know, like I mean, I know, I guess 0:52:13.560 --> 0:52:15.760 it is glamorous. 0:52:15.719 --> 0:52:18.839 You know, and superhistoric, high tech. 0:52:18.920 --> 0:52:19.799 It expensive. 0:52:20.400 --> 0:52:24.719 You know, we've talked about this, but I mean, honestly, 0:52:25.080 --> 0:52:27.319 when you do go to a race, the race is 0:52:27.400 --> 0:52:30.160 sort of besides the point for most people, and that 0:52:30.320 --> 0:52:32.720 is just okay, that is just fine. 0:52:32.800 --> 0:52:34.960 It's like watching cricket. I love to go to a 0:52:34.960 --> 0:52:38.760 cricket test, you know, just sit around knocking back Pim's 0:52:38.800 --> 0:52:39.560 cups all day. 0:52:40.280 --> 0:52:43.000 But how do you feel about baseball? Do you like 0:52:43.040 --> 0:52:43.759 baseball games? 0:52:43.800 --> 0:52:46.040 I keep every few years, I'll try and get back 0:52:46.080 --> 0:52:48.319 into it. And when I was a kid, I loved 0:52:48.320 --> 0:52:51.760 it so much, but it's also just so. 0:52:51.680 --> 0:52:53.799 Boring when you were a kid. 0:52:54.040 --> 0:52:56.040 Well, my mom took me to a Yankees game when 0:52:56.040 --> 0:53:01.160 I was five, and that kind of uh. And I 0:53:01.200 --> 0:53:03.520 lived here in New York City, so I was a 0:53:03.640 --> 0:53:06.800 Yankees fan. But when we moved back to Ohio, Johnny 0:53:06.880 --> 0:53:09.800 Bench and Pete Rose were playing for the Cincinnati Reds, 0:53:09.840 --> 0:53:10.560 and I loved that. 0:53:10.800 --> 0:53:14.280 Wow, that's like Golden Era, Yeah for sure. 0:53:14.440 --> 0:53:18.040 Yeah, So I loved it when I was a little kid. 0:53:18.280 --> 0:53:21.680 And I think I don't know if it's more boring 0:53:21.760 --> 0:53:24.960 now or if I'm just too old to care, but 0:53:25.520 --> 0:53:27.320 or the people, yeah, just not as colorful. 0:53:28.440 --> 0:53:30.080 I don't know. I was gonna what made me think 0:53:30.120 --> 0:53:32.720 of it as base I like going to baseball games 0:53:32.760 --> 0:53:35.759 and staying for like four or five innings, and I 0:53:35.960 --> 0:53:38.600 mostly just like going for the atmosphere. I don't know's 0:53:38.640 --> 0:53:41.319 the game to me is rather boring, but I like. 0:53:41.800 --> 0:53:45.000 I love all the superstition. I love how eccentric and 0:53:45.040 --> 0:53:48.480 weird some of the players are. Yeah, you know, but 0:53:48.560 --> 0:53:51.080 it is more about the atmosphere and the lifestyle of 0:53:51.120 --> 0:53:52.640 it than the actual game. 0:53:52.719 --> 0:53:55.520 If you have tickets, I'll go, you know, Okay, but 0:53:55.600 --> 0:53:58.799 I would not rather go to a hockey game, a 0:53:58.840 --> 0:54:02.960 basketball game, or a football game even And that's ok. 0:54:03.600 --> 0:54:06.200 Have you been watching the Celtics documentary on HBO. 0:54:06.520 --> 0:54:08.319 No, I have not, but I'm a big fan of 0:54:08.360 --> 0:54:11.160 Larry Bird, so I guess it's probably that area, right. 0:54:12.480 --> 0:54:15.560 Well, it starts with Bob Kozier and Bill Bill Russell 0:54:15.840 --> 0:54:18.680 like in the Red Arbach back in the for in 0:54:18.760 --> 0:54:21.719 the old old days. But I think I'm sure they 0:54:21.760 --> 0:54:22.239 get to Bird. 0:54:22.440 --> 0:54:24.399 I'll watch it. I mean, when I was a kid, 0:54:24.680 --> 0:54:27.000 I was a Lakers fan, and now I have to 0:54:27.000 --> 0:54:28.719 support the Knicks since I live here and they're the 0:54:28.760 --> 0:54:31.680 games I can go see. You know, but going to 0:54:31.719 --> 0:54:33.600 a basketball game is super fun. 0:54:34.360 --> 0:54:39.000 I agree that that's a fun atmosphere. Yeah, completely completely agree. 0:54:39.560 --> 0:54:41.319 All Right, Well, I guess that's all we have for 0:54:41.360 --> 0:54:44.920 this week. But when you come back, you'll tell us 0:54:44.960 --> 0:54:48.239 about hanging out with Ola, tell us about driving the 0:54:48.239 --> 0:54:52.560 Cadillac IQ. We'll talk hopefully with Mark Royce, president of 0:54:52.600 --> 0:54:57.520 General Motors and supercar guy, whose kid I believe is 0:54:57.560 --> 0:55:01.680 like a pro level baseball player. Really yeah, I mean 0:55:01.760 --> 0:55:04.920 he might, he might play for the Tigers. I don't know. 0:55:05.280 --> 0:55:08.120 I think he played for University of Michigan, like varsity 0:55:08.320 --> 0:55:09.040 baseball at a. 0:55:09.080 --> 0:55:10.200 D one team. 0:55:10.440 --> 0:55:14.200 And I know he at least I know he at 0:55:14.280 --> 0:55:17.440 least tried out for the pros. I'm gonna dig into it. 0:55:17.640 --> 0:55:21.640 I'll probably definitely, but he's an amazing baseball player. 0:55:23.680 --> 0:55:26.040 I'm Matt Miller, and I'm a Hanna Elliott, and this 0:55:26.239 --> 0:55:26.880 is Bloomberg.