Speaker 1: Bloomberg Audio Studios, podcasts, radio news. I'm Matt Miller and
Speaker 1: I'm Hannah Elliott and this is Hot Pursuit.
Speaker 2: How are you.
Speaker 1: I'm so good. I'm in San Francisco, so fear new. Yeah,
Speaker 1: it's actually really nice here. I'm staying at the Saint Regis,
Speaker 1: a very nice hotel. Very This morning I went running
Speaker 1: down Mission to the water and ran under the sort
Speaker 1: of under the bridge and saw the cool old piers
Speaker 1: and actually ran by one of Bloomberg's offices, which was
Speaker 1: also very cool. Didn't go inside, but ran past it.
Speaker 2: Right past that office. They have one of my favorite
Speaker 2: ice cream shops in the country.
Speaker 1: What's it called your remember it's.
Speaker 2: Called Humphrey and Slocum. Okay, So if you get a
Speaker 2: chance before you leave, I recommend you go there.
Speaker 1: Let me just maybe that'll be my lunch. My lunch
Speaker 1: an ice cream cone launch.
Speaker 2: Actually, since you went for a run, I feel like
Speaker 2: you deserve it. Humphrey Slocum ice cream. They have a
Speaker 2: flavor of ice cream called Secret Breakfast, which is which
Speaker 2: is bourbon and corn flakes.
Speaker 1: Amazing. That is well within my wheelhouse. Ye actually my drink,
Speaker 1: Oh love it? Okay, I do you know San Francisco
Speaker 1: very well? I actually don't know it very well.
Speaker 2: No, So I mean I've been there a few times
Speaker 2: and I absolutely loved it every time I went there. Yeah,
Speaker 2: but that was all before the pandemic.
Speaker 1: Yes, I came once sort of right after the pandemic,
Speaker 1: and it was cold and rainy and it was really
Speaker 1: really sort of messy. But I'm here for this Escalade
Speaker 1: IQ drive, which is under embargo until next week, so
Speaker 1: I can't tell you how it drives. But I drove
Speaker 1: that yesterday down to almost a half Moon Bay and
Speaker 1: it's gorgeous. It's sunny, it's there's been no rain, and
Speaker 1: like I said, they really cleaned up the streets, so
Speaker 1: it's nice. Last night we went to Dolby's World headquarters. Matt,
Speaker 1: you would be so into this, and I actually want
Speaker 1: to have these guys come on the podcast. But I
Speaker 1: did not realize that Dolby was started in San Francisco
Speaker 1: and the Optic, which is Cadillacs sort of mid size sub,
Speaker 1: is going to come with Dolby atmost Sound. And so
Speaker 1: we got an evening of demonstrations in these incredible studios
Speaker 1: at Dolby headquarters, and I kind of I met. I
Speaker 1: was really rolling my eyes when we first went in, like,
Speaker 1: you know, I'm here to talk about the car at
Speaker 1: some sound system. But by the end of the night
Speaker 1: time I know, we sat in a studio session with
Speaker 1: the producer who mixed Kendrick's Super Bowl period and has
Speaker 1: done a bunch of things with like Sizza. He remastered
Speaker 1: Bob Marley's recording.
Speaker 2: Ah, there's a name I recognize.
Speaker 1: Yeah, an incredible person, and he kind of showed us
Speaker 1: how it worked. And then I sat with the head
Speaker 1: of business for Dolby in this optic and we listened
Speaker 1: to Chaka Khan and Tiesto and The Weekend, And honestly,
Speaker 1: by the end, I was like, wow, I had my
Speaker 1: attitude completely flipped. It was actually very cool.
Speaker 2: That is cool. So I think a good sound system
Speaker 2: is so important, at least for me, right because there
Speaker 2: you do. I love to listen to music when I drive.
Speaker 2: It's part of the experience a lot of the time.
Speaker 2: I know some people say I only listened to the
Speaker 2: motor you know, but.
Speaker 1: You know I talked about that. I actually I brought
Speaker 1: that up with Tim who's the head of business, and
Speaker 1: I said, you know, a lot of the people that
Speaker 1: the guys that I hang out with, you know, there's
Speaker 1: definitely a strong contingent who believed that you should only
Speaker 1: listen to the motor in a car. And he had
Speaker 1: never heard about that, but he had had He was shocked.
Speaker 1: I mean, as someone for him, one of the joys
Speaker 1: of driving is listening to music, and he had actually
Speaker 1: literally never heard that there would be a type of
Speaker 1: person who believed you should only listen to the motor
Speaker 1: of a vehicle. And he did think that was a
Speaker 1: little bit nuts. It was really it was really fascinating,
Speaker 1: and you know, the to finish that point, he did say, look,
Speaker 1: cars are actually a really big growth segment for sound
Speaker 1: because for so long, sound and in cars has been
Speaker 1: an afterthought, like you talk about all the time.
Speaker 2: That, yeah, it bothers me, especially on you know, high
Speaker 2: end vehicles like the Escalade. I drove a couple cars
Speaker 2: this last week that had amazing sound systems. Actually, but look,
Speaker 2: if I'm going to spend six figures on a car,
Speaker 2: I want it to have a really good sound system.
Speaker 2: Because the manufacturer only has to spend I don't know,
Speaker 2: two grand to put in a decent sound system, three
Speaker 2: grand and if I need to do it after market,
Speaker 2: it's going to cost me ten.
Speaker 1: I know, I know, and plus just the inconvenience of
Speaker 1: having to deal with that and be without your car
Speaker 1: for a while too. I mean time again, like for
Speaker 1: people who are buying six figure vehicles, maybe it's not
Speaker 1: even the money issue, it's the time issue. And it
Speaker 1: really kind of put like kills the buzz when you
Speaker 1: get a new car and you instantly want to send
Speaker 1: it away to like get a decent sound.
Speaker 2: So wait, you can't talk about the Escalade IQ yet.
Speaker 1: I can't talk about driving it, but I can.
Speaker 2: Talk about it. Can you talk about the stereo?
Speaker 1: Yeah? Well, so here's the problem. And I need to
Speaker 1: really pinpoint this with Cadillac. And I didn't have a
Speaker 1: chance last night because I was too gaga over the speakers.
Speaker 1: But the Escalade is not going to be offering Dolby
Speaker 1: atmost until next year. The Optic have Dolby atmost standard,
Speaker 1: this is the new optic coming out, but the Escalade
Speaker 1: will not, even though they are currently selling the Escalate
Speaker 1: IQ right now. And I'm I'm ashamed to say that
Speaker 1: My first question was not why aren't you offering it now?
Speaker 1: I was I was too distracted. But that is the question.
Speaker 1: Why are they not offering that now in their premiere
Speaker 1: premium you know, big big. I'll find out and get
Speaker 1: back to you, because it would seem completely natural. You'd
Speaker 1: want your best thing in the best car, in the
Speaker 1: top of the line.
Speaker 2: Yeah, I mean so many vehicles like so, I configure
Speaker 2: Chevy vehicles all the time. Lately, I've been building Sierra
Speaker 2: HD pickup trucks, and a lot of times they only
Speaker 2: offer the good stereo system, which is only marginally better
Speaker 2: than the medium stereo system in the higher spec trims. So,
Speaker 2: for instance, I noticed I was building a pickup truck
Speaker 2: and I was picking the trim that cost twenty thousand
Speaker 2: dollars more because I wanted the you know, five hundred
Speaker 2: dollars better stereo system. I think they really can make
Speaker 2: a lot of money up selling people with that trick,
Speaker 2: and they should obviously do that with the Escalade.
Speaker 1: IQ come absolutely, I mean, gosh, it makes total sense.
Speaker 1: I will say I did have a demonstration, like I
Speaker 1: said in the in the optic, and it sounds like
Speaker 1: it makes at most is a thing and maybe you
Speaker 1: know this where basically it's a third dimension to listening
Speaker 1: where stereo you sort of have right and left. Of course,
Speaker 1: we started with mono sound and then we went to
Speaker 1: stereo with you know, right and left input in your ears.
Speaker 1: And now at Most basically takes that three D and
Speaker 1: it gives the music the ability to be moving around you.
Speaker 1: Maybe you knew that.
Speaker 2: To do that, right, It's.
Speaker 1: It's surround sound is still static. It's not actively moving
Speaker 1: the sound around you in the same way that Atmost is.
Speaker 1: At Most is a completely dynamic sound experience, so that
Speaker 1: when you are listening to something, you know, they could
Speaker 1: have the background singers sound like they're behind you and
Speaker 1: then move that sound in front of you in a
Speaker 1: way that surround sound can't replicate. So it's it's more like,
Speaker 1: you know, if you're listening to sound and it's muted colors.
Speaker 1: This is just this just makes everything seem more vibrant,
Speaker 1: more alive, more dimensional. And that sounds a little woo woo,
Speaker 1: but really you can hear the difference. Everything just sounds
Speaker 1: more present, more real. It's you know, we listened to
Speaker 1: some prints and you could hear him breathing in You
Speaker 1: could hear like I was hearing rasps in his voice.
Speaker 1: That I don't hear when I just listen on my headphones.
Speaker 2: Interesting, so they already do. I'm looking at the website.
Speaker 2: By the way, I love the look of the Escalade IQ,
Speaker 2: And I think I told you when I was riding
Speaker 2: with these Harley guys in Austin. I saw one drive
Speaker 2: by and for me it was like super exciting, but
Speaker 2: no one else really got it.
Speaker 1: You told me that, and that was really cool.
Speaker 2: Yeah, So to me it's like a range Rover beater
Speaker 2: if you I mean. I haven't driven it, so I
Speaker 2: don't know, but I know I love the other big
Speaker 2: GM EV trucks. So I'm looking at the configurator. The
Speaker 2: base model, the Luxury one is one thirty. Then you
Speaker 2: can step up to the Sport for one thirty five hundred.
Speaker 2: I guess it's just like you get different looking wheels
Speaker 2: and maybe blacked out pieces, right, But you have to
Speaker 2: step up to the Luxury too for one fifty before
Speaker 2: you get the AKG thirty six speaker upgraded stereo systems.
Speaker 2: So you see what I mean. They do it with
Speaker 2: this too. They add twenty grand, and of course there
Speaker 2: are other differences, but to get the good stereo system
Speaker 2: you have to jump up, and yes, I usually I'm
Speaker 2: willing to do that. I'm the sucker that they're looking for,
Speaker 2: you know.
Speaker 1: I mean, if you have them, if you can't afford it,
Speaker 1: I totally agree. I would do it too. I do
Speaker 1: think it's worth it. And I even think one hundred
Speaker 1: and fifty grand for that vehicle isn't outrageous having driven it,
Speaker 1: I so so much.
Speaker 2: Money if you think about, you know, our history outside
Speaker 2: of this last few years, that's so much money to
Speaker 2: pay for. I mean, you could get a GT three
Speaker 2: for that much, you know, pre pandemic. It's just a
Speaker 2: big price.
Speaker 1: To pre pandemic is six years ago now, basically, I know,
Speaker 1: I know, I mean a GT three now is more
Speaker 1: expensive than that.
Speaker 2: Do you think, By the way I was wondering, I
Speaker 2: feel like there's a certain price point at which and
Speaker 2: maybe this is it. When you get above it, a
Speaker 2: higher price is like an additional an additional enticement. So
Speaker 2: like so like you you're gonna pay more for a
Speaker 2: bigger motor, You're gonna pay more for a sweet design.
Speaker 2: You're gonna pay more for like a luxury interior. And
Speaker 2: at a certain price point, you're gonna pay more for
Speaker 2: a higher price because the buyer that can will is
Speaker 2: that does that track to you?
Speaker 1: Yes, there's a name for this, and I'm forgetting the name.
Speaker 1: But there was some analyst who who really studied luxury markets,
Speaker 1: and it's exactly what you're describing.
Speaker 2: It becomes a feature, not.
Speaker 1: A bug, exactly once you pass a certain level. There
Speaker 1: is a type of fire that will question something unless
Speaker 1: it's priced very high. You know, if they have the
Speaker 1: option of two, they will always default to the more
Speaker 1: expensive one, even if it's no better and really no different,
Speaker 1: simply because it's more expensive. You know that there is
Speaker 1: a name for it. It's escaping me now, but I
Speaker 1: think that's exactly right. You know, when we're talking about
Speaker 1: all of these like modified reimagined cars and restomods that
Speaker 1: are a million dollars or more now and obviously like
Speaker 1: Singers one of them, when you think of the TWR,
Speaker 1: which is starts at under three hundred thousand, it almost
Speaker 1: makes you think, why isn't that car worth like why
Speaker 1: doesn't that car cost more? Yes, you know, yes, because
Speaker 1: you get so used to what you think is the
Speaker 1: prevailing wisdom about how much one of those cars should cost,
Speaker 1: it really kind of it plays with reality a little bit.
Speaker 2: I mean, so I think that's probably true. And we
Speaker 2: were looking with Barry Ritholts at this Porsche, these backdated Porschas.
Speaker 2: I can't remember the name of the brand. It was
Speaker 2: like Abriu or something, and they were only like three
Speaker 2: point fifty probably on top of the Donor. But it
Speaker 2: automatically makes you wonder what they're not adding that singer
Speaker 2: does add, which.
Speaker 1: Which I think is kind of nothing, like it's actually nothing.
Speaker 1: There's there's really no probably difference. I don't I don't
Speaker 1: remember the name of the brand, but you know, so.
Speaker 2: I was driving over the weekend Lamborghini Urus, and I
Speaker 2: was thinking about this because I had the good fortune
Speaker 2: of having two test cars in my driveway. So I
Speaker 2: had a BMW M eight Competition, which is and it's
Speaker 2: the grand coupe version, so it's a four door coupe.
Speaker 2: If you can make that work in your head somehow.
Speaker 1: World's words don't mean anything exactly.
Speaker 2: But it was starts at one and then fully loaded.
Speaker 2: The way they had it in my driveway was one seventy,
Speaker 2: so that's expensive already. But the Lamborghini, but the Lamborghini
Speaker 2: starts at like two ninety I think to ninety eight
Speaker 2: or something, and as as outfitted in my driveway was
Speaker 2: at three forty five. So it's a it's a huge
Speaker 2: price increase, you know, and especially because I was driving
Speaker 2: them both and they're very different, you know. Obviously one
Speaker 2: is an suv and one is supposed to be a coupe,
Speaker 2: and I'm sure they appeal to a very different buyer.
Speaker 2: The Lamborghini is very light and agile. The BMW is
Speaker 2: like heavy, and but I like it that way.
Speaker 1: Did you like the Earth because I remember you saying
Speaker 1: that you you don't really like that?
Speaker 2: So I loved on its own, I loved it. And
Speaker 2: this was another thing I was thinking about, like on
Speaker 2: it on their own. Any of these cars that they
Speaker 2: give us to drive, for the most part, they're all
Speaker 2: like six figure luxury vehicles. On their own, by themselves,
Speaker 2: they're all going to be amazing. So on its own,
Speaker 2: the Lamborghini was amazing.
Speaker 1: It's I disagree, but you do, all right.
Speaker 2: Well, I'm just I'm newer to this than you are, right,
Speaker 2: So you're you're jaded. I think you're.
Speaker 1: Jaded stating that for the record, they are not all
Speaker 1: created equal.
Speaker 2: But no, I agree that they're not, but I think
Speaker 2: the difference is so marginal. So in terms of in
Speaker 2: terms of what you need, they all have it. They
Speaker 2: all can get you from point A to point B.
Speaker 2: In terms of what you want, I think there's a
Speaker 2: very marginal difference. So the Lamborghini, it's obviously super fast.
Speaker 2: It has the turbo charge V eight from the Cayenne,
Speaker 2: and it's got hybrid so it's got the electric assist
Speaker 2: that makes it quick. Its feels very light even in
Speaker 2: like when you open and close the door, that feels light,
Speaker 2: which is not a good thing because it doesn't have
Speaker 2: a solid clunk. You can tell that the door is
Speaker 2: like made of carbon fiber, which if you're in a
Speaker 2: performance vehicle you want that. I guess. The steering is
Speaker 2: very light and agile, and it's the it's gorgeous. The
Speaker 2: design I love. It looks like some futuristic like Moon Buggy.
Speaker 1: I love looks.
Speaker 2: And the interior also is beautiful. It's basically an Audi interior,
Speaker 2: you know, which is good.
Speaker 1: Oh, it's a Lamborghini interior.
Speaker 2: Well they have the center stack from the Audi. Yeah,
Speaker 2: you know, and but it's amazing. Uh, And you can
Speaker 2: tell it's expensive three point fifty. I don't know about that.
Speaker 2: So I do like it a lot, but it's but
Speaker 2: the but the thing is, it's not special enough to
Speaker 2: me to be a Lamborghini. It doesn't have its own motor.
Speaker 1: But here here's my question, and this is I remember
Speaker 1: when I drove this. I went to Rome and drove it,
Speaker 1: I think in twenty eighteen when it first came out
Speaker 1: in its competitive set, not comparing it to a Hurricon
Speaker 1: or to a Gayardo, or to a Robolto, but within
Speaker 1: its competitive set of luxury SUVs, this would be my
Speaker 1: first choice.
Speaker 3: But you know what I'm saying, Okay, But Hannah, money
Speaker 3: were no object, okay, Because I was going to say,
Speaker 3: if I give you a million dollars cash and say
Speaker 3: go have a nice summer in Europe and buy yourself
Speaker 3: a car.
Speaker 2: Would you spend three point fifty on the Lamborghini Urus
Speaker 2: when you could have the very top of the line
Speaker 2: Cayenne Turbogt for six fifty or for a two hundred,
Speaker 2: both of them have six hundred and fifty horse power.
Speaker 2: Would you? Would you take it? Take it over the
Speaker 2: you would you'd spend the extra one hundred and fifty thousand.
Speaker 2: You're buying almost double the cost.
Speaker 1: You gave me a million dollars to spend, and I
Speaker 1: need an suv. That's the like to me this, the
Speaker 1: Earths is tuned even more aggressively. It's rowdier, it's louder,
Speaker 1: it's more raw, it's got more of an attitude. Plus
Speaker 1: I do not like the how how the Cayenne looks.
Speaker 1: The Cayenne is just so rounded to me, I like
Speaker 1: how the earth is edgy and mean.
Speaker 2: Yep.
Speaker 1: And if you told me you need to buy an suv,
Speaker 1: go out and buy an suv, I would buy that
Speaker 1: car for sure.
Speaker 2: Okay, I mean I so, I respect, I respect your opinion,
Speaker 2: but I would happily take the Cayenne. You can get
Speaker 2: the Turboe Hybrid coup It's got seven hundred and thirty horsepower,
Speaker 2: it's the same mechanics as the Lamborghini, and it costs
Speaker 2: one hundred and sixty.
Speaker 1: Not it's a Porsche, and there are so those are everywhere.
Speaker 1: Don't you want to look different? Matt?
Speaker 2: Yeah, don't you want to say? But I would rather
Speaker 2: have an extra basically one hundred and ninety grand in
Speaker 2: my pocket to rent a nice palazzo. You know in
Speaker 2: Tuscany or something, and by the way, there are if
Speaker 2: you were just if just you're just telling me, SUV,
Speaker 2: I would probably take a like a G five hundred
Speaker 2: or a G sixty three if I wanted to get
Speaker 2: a little crazy, and even then I'm paying less than
Speaker 2: two hundred grand.
Speaker 1: The G would be my second choice.
Speaker 2: I will say I did love driving the Lamborghini, and
Speaker 2: I especially there was one thing that kind of cuts
Speaker 2: both ways. It's kind of bouncy, and the sway bars
Speaker 2: aren't connected as much as I thought they would be.
Speaker 2: So it's good in New York urban roads that have
Speaker 2: a ton of potholes and there's construction everywhere, because it
Speaker 2: really sucks up the off road bumps amazingly.
Speaker 1: Well, yes, I remember that in on the Streets of Rome.
Speaker 1: I thought it was I thought it even when you're
Speaker 1: in traffic and town, which can be real annoying in
Speaker 1: some of these cars. I did. I agree, But you're
Speaker 1: saying I didn't like that when you get Yeah.
Speaker 2: It's not as flat as like the Aston Martin or
Speaker 2: the BMW XM, these cars that have active, you know,
Speaker 2: electronic sway bars that really hold it flat, so it
Speaker 2: doesn't it's like on the sporty side, it's not quite
Speaker 2: as much. If I wanted to be able to handle,
Speaker 2: you know, an urban jungle or even maybe take it
Speaker 2: off road, would you do that? I guess you could.
Speaker 2: In an organ I wouldn't either, But.
Speaker 1: Actually I think I did when I was when I
Speaker 1: did the test drive. But I wouldn't in my own
Speaker 1: personal way.
Speaker 2: I mean, why I don't heard it?
Speaker 1: Why would you do that?
Speaker 2: I will also say that if they were the same price,
Speaker 2: if you said, like, you can have and it's odd
Speaker 2: comparison because who is cross shopping an M E coop
Speaker 2: and A or as nobody. But if you said you
Speaker 2: can have either one of these cars, and but the
Speaker 2: resale value is the same, so you take out the
Speaker 2: money factor, sure I would take the M eight.
Speaker 1: And does that mean you're just a car person? Does
Speaker 1: that mean you're a BMW person?
Speaker 2: I don't know. I was wondering what it says about me,
Speaker 2: because I don't want to be necessarily a BMW person.
Speaker 2: The BMW people who were like honking at me or
Speaker 2: giving me the thumbs up on the road, they were
Speaker 2: like hooligans, you know that had like cut off their
Speaker 2: mufflers and you know, they were the epitomy of what
Speaker 2: you expect a BMW person to be. And then also like,
Speaker 2: I don't love the way the M E looks like
Speaker 2: it looks pretty good, but I don't think it looks great.
Speaker 2: I don't like BMW's design for the most part.
Speaker 1: How do you feel about the girl these days? Have
Speaker 1: we discussed that?
Speaker 2: I don't even care about it anymore like I did
Speaker 2: five years ago. But yeah, I like I like some
Speaker 2: of them. I like the M two, you know, I
Speaker 2: mean they don't. I don't hate the way they look,
Speaker 2: but I just don't care about the way they look.
Speaker 2: What I do like is that feeling of heft, like
Speaker 2: when you're turning a BMW it's got a heavy steering wheel,
Speaker 2: and critics hate it. Like I read the Car and
Speaker 2: Driver reviews and they they say, of the sporty sedans
Speaker 2: that you could buy, they ranked this number nine below
Speaker 2: like two different Panameras and like a two different Amgs,
Speaker 2: And of course for number one, they picked the Cadillac
Speaker 2: CT five V Black Wing.
Speaker 1: Well, I don't know if I mean, I will say
Speaker 1: there to me, I don't read their reviews. I read
Speaker 1: my own reviews.
Speaker 2: You don't driver, No, I google it.
Speaker 1: I did drive them five last weekend in Miami, and
Speaker 1: the steering was incredibly light and nimble.
Speaker 2: Weird. I'm gonna try it, But I was thinking of
Speaker 2: you when I was driving this, because you know, everybody
Speaker 2: bad mouths BMW no matter what it is, M two,
Speaker 2: M five, M A for there you know people. Yeah,
Speaker 2: but BMW kids who are like man, my E ninety
Speaker 2: two weighed so much less than you know. Oh and
Speaker 2: and I don't modern. I don't think that's a bad
Speaker 2: thing because you get in this. And my neighbor Eric,
Speaker 2: you know, who always goes on test drives with me,
Speaker 2: made the point that it's like a cruise missile this MA,
Speaker 2: like you could sit down and do a thousand miles,
Speaker 2: like Alex Roy would be comfortable going across country. And
Speaker 2: in fact, I think he did use once an M
Speaker 2: five standard. Yes, Like I just the car could take
Speaker 2: anything in terms of a road trip, and that's what
Speaker 2: I want in that kind of car.
Speaker 1: Yeah.
Speaker 2: Yeah, I'm surprised that the M five steering was light.
Speaker 1: I I mean, get in, get in, get in one
Speaker 1: and fye I. As I said in the review, every
Speaker 1: body asked the first question was how much does it weigh,
Speaker 1: and the weight in that car is kind of not
Speaker 1: the point they've They've done so much to make it
Speaker 1: handle well. I mean, we're not saying anything that BMW
Speaker 1: hasn't heard or doesn't already know, so obviously they're engineering
Speaker 1: cars to counterbalance their weight their hef. I thought it
Speaker 1: was a great car, and I actually even liked the
Speaker 1: looks were cool to me.
Speaker 2: We're getting to a point where I think most new
Speaker 2: cars I just don't really like the way they look.
Speaker 2: And but I guess I don't care because I I
Speaker 2: love also the Cadillac CT five V black Wing, and
Speaker 2: it is ugly. Like I The only reason I wouldn't
Speaker 2: buy it is because I wouldn't want it in my garage.
Speaker 2: I would try and make a way so if I
Speaker 2: got one, and I really do want one, because it
Speaker 2: has a supercharge six point two liters V eight and
Speaker 2: three pedals, but I would make it so that I
Speaker 2: open my garage door and then get in the car
Speaker 2: before I see it, you know, because I don't want
Speaker 2: to see the outside of it. Ever.
Speaker 1: Oh, you're putting a brown bag over its head exactly.
Speaker 1: I mean, yeah, I get it. I know I could
Speaker 1: never drive one of those or own one of those.
Speaker 1: It's just not a modern it doesn't It looks like
Speaker 1: it's from the eighties.
Speaker 2: Yes, it does. I always think of the Cimmarron, you know,
Speaker 2: and that's not that's not a good thing.
Speaker 1: But I mean a lot of good things did come
Speaker 1: from the eighties, but not that. But that.
Speaker 2: Where else can you find a supercharged V eight with
Speaker 2: a stick in a new car? Like you can't and
Speaker 2: it's so comfortable inside, by the way, the uh, I'll
Speaker 2: be interested to drive the M five because I don't
Speaker 2: know why you would want it over an M eight.
Speaker 2: I don't know all the stats. So maybe you know
Speaker 2: it's got boosted horsepower or somehow handles better.
Speaker 1: But then the car, right, uh yeah, the M five
Speaker 1: had seven hundred and seventeen horse power, Like how much
Speaker 1: more do you need? You know? No, you don't, Like
Speaker 1: you're not gonna even if you have it, you're not
Speaker 1: going to be able to use it. Plus it's a
Speaker 1: it is a hybrid, which I know you love. I
Speaker 1: mean to me, it was a great executive style.
Speaker 2: I guess that's not much difference. Yeah, So the MA
Speaker 2: competition has six hundred and seventeen horsepower one hundred less,
Speaker 2: but it's not a hybrid.
Speaker 1: Well, the M five is actually probably a more like
Speaker 1: a more modern advanced car at this point.
Speaker 2: Right, and you can fit more easily to people in
Speaker 2: the back, although in them a grand coupe, I could
Speaker 2: fit my daughter's child seats. So that yeah, it's like
Speaker 2: it's it's got enough room. And it's also like so
Speaker 2: low that you it's fun to like try and make
Speaker 2: it slip around corners. And I have this one on
Speaker 2: summer tires, so I can.
Speaker 1: Oh. I mean, I BMW is doing pretty well. I
Speaker 1: know that, you know, as you know, every autumnmaker suffered
Speaker 1: last year with evs. They just aren't They weren't selling
Speaker 1: as much as everyone thought they were. But BMW outpaced
Speaker 1: OUTI Portie and Mercedes, and some of their EV's actually
Speaker 1: saw an uptick in sales. For instance, I know that
Speaker 1: I four BMW actually saw a double figure uptick. So
Speaker 1: I think we should be watching BMW. Actually, yes, I
Speaker 1: think it's doing something right, which is really good to see.
Speaker 2: I'm just going to look quickly at the market cap.
Speaker 2: I know this isn't really a Stuart show, but I
Speaker 2: noticed today that Folkswagen's market cap was lower than Mercedes,
Speaker 2: which they're having sincere problems. And I know you have
Speaker 2: a story about Porscho, which is obviously traded separately now,
Speaker 2: but it's still so BMW fifty four billion euros. Mercedes
Speaker 2: is trading for fifty eight and a half billion euros,
Speaker 2: but Folkswagen, I think, is right in between that at
Speaker 2: fifty five. By the way, the reason I was looking
Speaker 2: at all these market caps is because Tesla yesterday recording
Speaker 2: US on Tuesday. So on Monday, Tesla was down fifteen percent.
Speaker 2: Year to date, Tesla's down forty five percent from its peak.
Speaker 2: Tesla has lost eight hundred and twenty six billion dollars.
Speaker 2: So Tesla has lost since December more market cap than Toyota, Honda, Nissan, Renault, Mercedes, Folkswagen,
Speaker 2: bmd W, Stilantis, Ford, General motors, Portia, Ferrari, and Aston
Speaker 2: Martin all put together. So basically every automaker you can
Speaker 2: name other than like the Chinese ev makers. Add those
Speaker 2: all up and they still don't have as much market
Speaker 2: cap as Tesla lost since its peak in December.
Speaker 1: No, what's the reason for that, Matt Well.
Speaker 2: I mean, the most recent drop is just because a
Speaker 2: couple of analysts have downgraded their expectations for deliveries. I
Speaker 2: think it was UBS that downgraded its expectation for first
Speaker 2: quarter deliveries at three hundred and sixty seven thousand, and
Speaker 2: for full year deliveries to five percent lower than last year.
Speaker 2: So they don't think Tesla's deliveries are going to climb anymore.
Speaker 2: That's not consensus. The street still thinks their deliveries will
Speaker 2: rise ten percent. But a lot of people have been
Speaker 2: turned off by Elon Musk's brazen approach to you know,
Speaker 2: federal government cost cutting, and they're just not buying the vehicles.
Speaker 2: I mean, registrations in Germany fell seventy percent in the
Speaker 2: first two months after he got involved in German politics.
Speaker 2: So it's not His customer base doesn't love his chainsaw persona,
Speaker 2: his sort of mean spirited trolling, but Donald Trump does
Speaker 2: love it, so he tweeted that he's going to buy
Speaker 2: a Tesla.
Speaker 1: I do wonder if there is and maybe you know
Speaker 1: this and you can tell me, you know, is there
Speaker 1: concern that just in general, whether whatever you think of Elon,
Speaker 1: that he is rather distracted doing all of this other
Speaker 1: stuff instead of running a car company. I mean, on
Speaker 1: a very fundamental level, one human only has the same
Speaker 1: amount of hours and every day as all of the
Speaker 1: rest of us, even if he is a genius. You know,
Speaker 1: Tesla's a big company. Is there concern that he's simply
Speaker 1: distracted among other things?
Speaker 2: Yeah, no, absolutely. I mean we talked to an analyst
Speaker 2: who has a buy on the stock, but has said, look,
Speaker 2: they have a deep bench and Elon has a lot
Speaker 2: of other stuff to do. Maybe he finds somebody else,
Speaker 2: you know, to take the reins while he's firing as
Speaker 2: many government workers as he can. And there are other
Speaker 2: reasons as well. I mean, they have had problems in China,
Speaker 2: where everybody has problems competing with BYD and China is
Speaker 2: part of the future for you know, the profit picture
Speaker 2: at Tesla. So there's a there's a I think a
Speaker 2: number of reasons, but it's just amazing. I also think
Speaker 2: they they rose too far too fast after the election.
Speaker 2: Everyone's like, oh, Elon Musk is co president, let me
Speaker 2: go buy the shares and pumped him up to a
Speaker 2: record price. So there's a lot of reasons, but it's fascinating.
Speaker 1: It's fascinating, and I also have to say, you know,
Speaker 1: I've always said in the years when Tesla was sort
Speaker 1: of the only game in town, just because the large
Speaker 1: OEMs aren't making electric vehicles now doesn't mean they can't.
Speaker 1: It means they're they're waiting for whatever reason. And now
Speaker 1: we do have so many more hybrid and electric options
Speaker 1: from long term automakers, not you know, technology startups, startups
Speaker 1: and quotes. You know, there are lots of options now,
Speaker 1: and I think maybe consumers are realizing that. I can't
Speaker 1: tell you how many people have asked me what, hey like,
Speaker 1: what EV's are out there? Like? They know, they kind
Speaker 1: of know there are a lot out there. They may
Speaker 1: not know which brands are making which evs, but at
Speaker 1: this point people seem to understand there are more options
Speaker 1: than simply Tesla.
Speaker 2: True. Now, I did ask the analyst I spoke to
Speaker 2: you about full self driving, and I said, look, Alex
Speaker 2: Roy drove this Tesla across the country and used the
Speaker 2: self driving capabilities ninety eight and a half percent of
Speaker 2: the time. So to me, that's pretty full self driving. Yeah,
Speaker 2: And the and I said, couldn't he have done it
Speaker 2: in a Mercedes? And the guy said no, Actually, that's
Speaker 2: that's the point. He said, nobody else has the technology
Speaker 2: that Tesla has in that respect, so they're banking on that.
Speaker 2: And Tesla has always had kind of a leg up
Speaker 2: in terms of its battery tech, in terms of the
Speaker 2: self driving capabilities. I mean, I was talking with a
Speaker 2: viewer today who has had like every Porsche. He said,
Speaker 2: right now he has a racing yellow twenty fourteen nine
Speaker 2: to eleven C four s yellow. You say yellow. Yet
Speaker 2: another listener with a yellow Porsche. But he he said,
Speaker 2: he he did have a Tychon and let's see, I
Speaker 2: must say the range limitation has been a huge disappointment,
Speaker 2: he told me. Or he does have a Taykon, but
Speaker 2: now he's going to a V eight Cayenne instead, which
Speaker 2: good choice.
Speaker 1: I know we can support that, you know. Yeah, this
Speaker 1: kind of goes into the story that we published about
Speaker 1: Porsche's EV program and how they really have taken a
Speaker 1: hit in the last year. And you know what you're saying,
Speaker 1: this guy told you, I've heard from dozens of people
Speaker 1: that unfortunately, you know, there have been some real problems
Speaker 1: with reliability, recalls, range issues, et cetera, et cetera.
Speaker 2: That's horrible, by the way, because Porsche should have no
Speaker 2: reliability issues. Right, the whole point of porschas that it
Speaker 2: doesn't break.
Speaker 1: Yeah, I think that is why it's such a surprise,
Speaker 1: because Porsche for since, certainly since it's IPO in twenty
Speaker 1: twenty two, has been really at the top. You know,
Speaker 1: it's been so dominant, it's had it's had just this
Speaker 1: white hot high attached to it in terms of how
Speaker 1: much people are willing to spend on their cars proportionate
Speaker 1: to you know, what the MSRP is. They'll spend two
Speaker 1: and three times more. They'll wait for years to get
Speaker 1: certain nine to eleven's, you know, group sales and profits
Speaker 1: have been you know, record setting year over year over year,
Speaker 1: and twenty twenty four was really the first year that
Speaker 1: they didn't have this gangbuster's full steam ahead result. And
Speaker 1: it has to do with the EV program at Porsche, which,
Speaker 1: especially for Porsie, I think is it's a question about
Speaker 1: what Porsha means for a lot of people because of
Speaker 1: how deeply they feel about the brand. It's a question
Speaker 1: of what does Porscha mean as a brand? And if
Speaker 1: it does have electric vehicles, does that change how I
Speaker 1: feel about it? Yes or no? And it's been really
Speaker 1: interesting to talk to people. For some people, for a
Speaker 1: lot of people, they seem to believe that, you know,
Speaker 1: I talked with multiple owners of Tykens who have struggled
Speaker 1: with recalls, and they still say they love Porsche. This
Speaker 1: is you know, this might have been their first EV
Speaker 1: they ever owned, but it's not their first Porsche they
Speaker 1: ever owned, and they will own more Porsches, so they're
Speaker 1: able to separate this idea that of EV's from what
Speaker 1: Porscha means to them, which is like a very engaging, thrilling,
Speaker 1: driving bread.
Speaker 2: That's good for Porsche. But yeah, it is good, and
Speaker 2: I know what you're saying. They're sort of dominant in
Speaker 2: terms of margins, but in terms of their stock performance.
Speaker 2: Of the German car makers, Porsche is the only one
Speaker 2: with a negative total return. It went public in September
Speaker 2: of twenty twenty two and it's down thirty percent. Folkswagon
Speaker 2: in that time is up fourteen percent, BMW is up
Speaker 2: forty percent, and Mercedes is up thirty five percent. So
Speaker 2: since Porsche's IPO, anyone who invested in them is a loser.
Speaker 2: And by the way, Ferrari in that time is up
Speaker 2: one hundred and thirty seven percent.
Speaker 1: You know what's wild Speaking of Ferrari, You know, Ferrari
Speaker 1: is really the north star that a lot of these
Speaker 1: automakers would love to have, the profits and value of Ferrari.
Speaker 1: The average price of a Ferrari is four times more
Speaker 1: than the average price of Portie, four times. Like, we
Speaker 1: talk about prices all the time, and it's on. It's
Speaker 1: just Ferrari is kind of still in its own stratosphere,
Speaker 1: which I think is really interesting. But that's a little
Speaker 1: off off to your point.
Speaker 2: It's right, you're right though, far of all the publicly
Speaker 2: traded car makers, I think Ferrari must have the highest
Speaker 2: average sales price, right because Aston Martin doesn't reach that,
Speaker 2: and roll Choice is going to be averaged in with
Speaker 2: the BMW S. Spentley is going to be averaged in
Speaker 2: with Folkswagen.
Speaker 1: So yeah, well, and those are such such so much
Speaker 1: smaller you know, production volumes. I think last year Porsche
Speaker 1: sold like three hundred and ten thousand or so vehicles worldwide.
Speaker 1: I mean that's quite a few. Yeah, but you know
Speaker 1: they speaking of China and BYD and Tesla Porscha was
Speaker 1: down twenty eight percent in China last year, which is massive,
Speaker 1: and even sales of nine to eleven are going down
Speaker 1: in China, which you know, I remember for years China
Speaker 1: was this like great hope for automakers. Whenever I would
Speaker 1: ask where their growth could be, where their most promising markets,
Speaker 1: they all said China, China, China, China number one. You know,
Speaker 1: it's full full speed ahead. Like I said before, Well,
Speaker 1: they've had their end. Yeah, yeah, it's not it's not
Speaker 1: bearing out. And so I think, you know, just having
Speaker 1: their annual press conference tomorrow, which is which will be Wednesday,
Speaker 1: and I think we might see I think we might
Speaker 1: actually hear some news about it. I think they're I
Speaker 1: think already you know, they've said they're going to take
Speaker 1: an eight hundred and thirty seven million dollar hit to
Speaker 1: produce more combustion and hybrid engines this year, and I
Speaker 1: think we can expect to see more of a pivot
Speaker 1: to at least slow down the EV program.
Speaker 2: I wonder for now, I mean, how much longer does
Speaker 2: Oliver Blooma get to run Porsche and Volkswagen. Like he's
Speaker 2: running this behemoth, you know, the car of the people maker,
Speaker 2: and he's also running Porsche with like different management boards
Speaker 2: that both. I just feel like, maybe I know.
Speaker 1: You know, I asked Porscha about that and this this
Speaker 1: didn't get really included in the story, but you know,
Speaker 1: a fish statement back was Oliver saying, you know that
Speaker 1: being able to oversee both brands actually helped him with
Speaker 1: organization and sort of a uniform front on everything. Now,
Speaker 1: that's what they said, but I also know, you know,
Speaker 1: two weeks ago Portia let go of two of its
Speaker 1: most powerful executives because of again, these increasingly public struggles
Speaker 1: that they've had with the EV program.
Speaker 2: Yeah, I would probably say the same thing as Bluema,
Speaker 2: because I would want both. Yeah, but I don't know
Speaker 2: as a shareholder if I would be terribly thrilled about it.
Speaker 2: I want to just look, I just want to give
Speaker 2: a shout out to the people who've been shooting us emails.
Speaker 1: Yes, and some good ones lately.
Speaker 2: We have really and it's it's kind of awkward and
Speaker 2: a little embarrassing that we were saying. I was saying,
Speaker 2: I can't understand why anyone ever buy a yellow car,
Speaker 2: and you were like, yeah, white pearlescent for me, I
Speaker 2: just can't. And then we got a message from a
Speaker 2: guy who his wife has a yellow nine to eleven
Speaker 2: Turbo and he has a white Parlescent a land Cruiser,
Speaker 2: a new land Cruiser, which is pretty sweet. Wind chill
Speaker 2: a pearl is what they call it.
Speaker 1: Well, you know what, variety is a spice of life, right,
Speaker 1: just because we don't want it doesn't mean you can't
Speaker 1: have it.
Speaker 2: Yes, yes, and judgments exactly. I mean maybe yellow is
Speaker 2: actually faster.
Speaker 1: Maybe I should test that out.
Speaker 2: I don't know. So, yeah, we've gotten some pretty cool emails,
Speaker 2: and one from a guy who's helping me out in
Speaker 2: my search for a hog. By the way, Harley Davidson
Speaker 2: chairs have fallen less than Porsche shares since the p
Speaker 2: that's a tough stock to own, right, that's down twenty
Speaker 2: five percent. It's September of twenty twenty two. That's a
Speaker 2: real problem. And oh so he and this guy pointed
Speaker 2: out to me some market intel that I think is
Speaker 2: pretty fascinating. We were making a joke about the age
Speaker 2: of Harley buyers, right because one dealer was offering a
Speaker 2: free proctology exam if you come in and go for
Speaker 2: a test. Dride so and people say all the time,
Speaker 2: like the demographics are a problem because it's just guys
Speaker 2: my age who want to get on a Harley. Right,
Speaker 2: younger kids are on sport bikes and love Doo Cotties,
Speaker 2: and then I can't bend that much anymore, and I
Speaker 2: just want.
Speaker 1: To create it.
Speaker 2: That's part of it being That's part of it. Like
Speaker 2: even even my monsters are tough for me to fit
Speaker 2: myself on. I'm a I have a particularly strange body shape,
Speaker 2: but so so the Harleys are what older people would
Speaker 2: go to. Right, The younger bikes that Harley makes, like
Speaker 2: the Street Bob and the Lowrider that are popular the kids.
Speaker 2: Those are hard for me to fit on because they
Speaker 2: have mids. But this guy said, you know what, I
Speaker 2: saw an article on Wall Street Journal in two thousand
Speaker 2: and two that was saying the same thing. And the
Speaker 2: fact is we have more people aging into that demographic
Speaker 2: than are aging out of that demographic for the next
Speaker 2: twenty years.
Speaker 1: So this is good news.
Speaker 2: Yeah, I think that's a fascinating point. Like, I guess
Speaker 2: there are other reasons why you want younger people buying
Speaker 2: your product, But if it's just out of sheer volume,
Speaker 2: there are gonna be a lot more fifty year olds
Speaker 2: in the next few years than there are now, or
Speaker 2: at least not not fewer yeah, yeah.
Speaker 1: Yeah, great news. So maybe it's not all hum and gloom.
Speaker 2: Yeah. He liked your take that some companies aren't meant
Speaker 2: to live forever. But I feel like this one is
Speaker 2: that's true, you know.
Speaker 1: And it does. It's not a bad thing. It just
Speaker 1: and you know what I need to go. Maybe I
Speaker 1: am making some value judgments on the white purlesson. I
Speaker 1: think maybe I do make a value judgment on that.
Speaker 1: Just for the record.
Speaker 2: Yeah, well you should go out there and test dride
Speaker 2: a white parlescent Harley Davidson road Glide st like they
Speaker 2: have hot, hot looking white paints and you like white cars.
Speaker 1: Are you serious? You can buy a white Harley Davidson.
Speaker 2: Yeah.
Speaker 1: Matt laid Law from the dealer.
Speaker 2: Laidlaw has a Harley and he's like a YouTube star.
Speaker 1: Really, oh wow, I didn't even know they made those.
Speaker 2: They look good and white. I don't normally I wouldn't
Speaker 2: buy a white bike typically, and I don't want a
Speaker 2: white fat Bob. But if I was going to get
Speaker 2: a road glide or a street glide, I would consider white.
Speaker 2: And it's also a very safe color.
Speaker 1: Well, yeah, everyone's looking at you and judging you. I'm
Speaker 1: imagining Elvis. For some reason, this seems like a very
Speaker 1: like Elvis in the later years, where he's not looking good.
Speaker 2: Because he had the suit. You like, the white suit.
Speaker 1: Yeah, a little bit bloated.
Speaker 2: Be jeweled Elvis. I wonder, let's see Elvis is Harley.
Speaker 2: I'm sure that he had many, but I see I
Speaker 2: see some. I see some white bikes. There.
Speaker 1: There you go. That's been in the recesses of my
Speaker 1: brain for.
Speaker 2: The most part, light blue with black trim. We should
Speaker 2: interject to add our email address it is hot Pursuit
Speaker 2: at Bloomberg dot net. And we do read all of
Speaker 2: the emails we get. We use a lot of the
Speaker 2: suggestions on air, and we always reply as well, all right,
Speaker 2: what else have you got going on? So you drove
Speaker 2: the cadac IQ, you're going to talk to us about
Speaker 2: it next week. And I really want to also get
Speaker 2: Mark Royce on to.
Speaker 1: Talk about Yeah, we we that'll happen. We're we're talking
Speaker 1: with his people to get him on. Unfortunately we couldn'te
Speaker 1: him on to but well.
Speaker 2: No, that's good because you wouldn't have been able to
Speaker 2: talk about your driving impressions anyway.
Speaker 1: Exactly, it's even better. So now I'm going to go
Speaker 1: to Italy for the world premiere of the Mercedes CLA sedan,
Speaker 1: which is their sort of entry level electric sedan that
Speaker 1: they are promising will be a very long range EV
Speaker 1: and I will not be driving it, but I will
Speaker 1: be riding around in it with Ola Colinius, who's the
Speaker 1: head of Mercedes Benz, and learning all about how they
Speaker 1: are going to right their ship as it were in
Speaker 1: the world of evs, because Mercedes has also taken quite
Speaker 1: a hit with their EV program. It's it's just not
Speaker 1: doing as well as I thought they that it would.
Speaker 2: So you're going to another country on another continent to
Speaker 2: ride in a car.
Speaker 1: Yes i am, but with the literal boss of Mercedes
Speaker 1: true an exclusive interview. So yes, that for us that
Speaker 1: is worth.
Speaker 2: It more than just the boss of Mercedes. He used
Speaker 2: to run AMG so he has like some pretty chops.
Speaker 1: He's got legit chops and I remember, you know, I
Speaker 1: did the same thing when the electric g Wagon came out,
Speaker 1: and he is a really interesting person. And so yeah,
Speaker 1: I mean anytime we get access to truly the most
Speaker 1: powerful person in the room as an exclusive for a
Speaker 1: world debut, yeah, it's it's definitely worth it. We want
Speaker 1: to hear from the horse's.
Speaker 2: Mouth that is very cool. I'm a little bit jealous,
Speaker 2: come on, just because I want to hang out with Ola. Frankly,
Speaker 2: he's not to drive the CLA, the electric CLA. I
Speaker 2: still like the gas motors. Remember I had this CLE
Speaker 2: four fifty, which isn't even like an AMG model, and
Speaker 2: I fell in love with it.
Speaker 1: Yeah, I believe it, Phil, What are you doing well?
Speaker 2: I don't really have any plans them. I'm shopping for
Speaker 2: this Harley Davidson. You know, I'm looking all across the
Speaker 2: country and I'm I'm having a fun experience with the dealers.
Speaker 2: Some dealerships are like, all right, it's a twenty twenty
Speaker 2: three model. We want to get it off the floor.
Speaker 2: You know, here's five thousand off and take it please.
Speaker 2: And others are like, you know, we can offer you
Speaker 2: this or that plus a nine ninety five prep fee,
Speaker 2: nine to seventy five delivery fee, three ninety nine tax
Speaker 2: and title for ninety nine doc fee. By the way,
Speaker 2: so many of them are like insist that you pay
Speaker 2: them six hundred dollars for a theft device, you know.
Speaker 2: And one guy was explaining it to me out of
Speaker 2: I think Mississippi, and he was like, it's five ninety
Speaker 2: nine and that way, if your bike gets stolen, we
Speaker 2: give you a five thousand in credit towards the purchase
Speaker 2: of your next Harley. And I was like, well, I'm
Speaker 2: unlikely to be buying it from you in Mississippi, so
Speaker 2: how about we skip that part. No, we insist it's
Speaker 2: pre installed.
Speaker 1: That's annoying to deal with that. No, complete ripoff. They
Speaker 1: must think you were born yesterday.
Speaker 2: It's like they're trying not to sell a motorcycle. Yeah,
Speaker 2: like if you start insisting that not only I purchase
Speaker 2: a bike from you, but also some insurance fraud that
Speaker 2: you've got going on, like I don't want to take
Speaker 2: part in that.
Speaker 1: No, no, No, you can buy from someone else. There
Speaker 1: are many many people who I'm sure would be glad
Speaker 1: to sell you a bike.
Speaker 2: Yeah, we'll think about it. If all these fees add
Speaker 2: up to like twenty five percent more than the than
Speaker 2: the bike price, maybe let's go used. But yeah, I
Speaker 2: have nothing else going on. The Moto GP is back
Speaker 2: on this week, and I don't know if you saw
Speaker 2: the first weekend of the races, but Mark Marquez.
Speaker 1: You know I missed it and the race for Ducati, Wait,
Speaker 1: who did Who is the rider Mark Marquez?
Speaker 2: I mean he is like the Golden child. And some
Speaker 2: people were a little bit hurt when Ducatti chowse him
Speaker 2: instead of Jorge Martin. But of course he wins everything.
Speaker 2: It's like he's a cheat code. By the way, I
Speaker 2: also noticed something cool. I was watching Moto America, Super
Speaker 2: Hooligans and King of the Baggers now that I'm a
Speaker 2: Bagger fan, and Keanu Reeves is racing his Arch kg
Speaker 2: RT a krant. Yeah. The Arch Motorcycles has a team
Speaker 2: in the Super Hooligans and Corey Alexander is riding it
Speaker 2: from hudson Ville Motorcycles here. Yeah, I mean so cool.
Speaker 1: Wow, that's that's legit. I'm surprised that Keanu doesn't have
Speaker 1: insurance clauses with his films that he can't ride.
Speaker 2: No, no, he's not racing them, he's but his motorcycles are
Speaker 2: in the series.
Speaker 1: Okay, okay, okay. We should talk about Cadillac joining Formula
Speaker 1: One in twenty twenty six. That's a big deal. Yeah
Speaker 1: did you hear about this?
Speaker 2: Yes, for sure, And to the eleventh team. I mean
Speaker 2: it's so cool that they're gonna happen.
Speaker 1: Completely and they're gonna have for sure, they're going to
Speaker 1: have an American driver.
Speaker 2: I don't know who, Brad Pitt.
Speaker 1: But yeah, I think it's you know, people seem to
Speaker 1: really not like Mario Andretti. Why depends on who you ask.
Speaker 1: I was. I was standing around talking about it last
Speaker 1: night with a bunch of people from Cadillac, the point being,
Speaker 1: you know, if one lets Cadillac in but does not
Speaker 1: want Andretti.
Speaker 2: In, I see, okay. I hadn't looked deeper into it
Speaker 2: because Formula one is more boring than that a grass grow.
Speaker 2: But maybe it won't be when Cadillac.
Speaker 1: I'm so surprised you think that. I am so surprised.
Speaker 2: You think that they just don't there's no passing, you know,
Speaker 2: they just however you qualified, then you drive in that
Speaker 2: line until the finish.
Speaker 1: Well, one of these days there might be a pass,
Speaker 1: you know. That's what we're all waiting for.
Speaker 2: I feel like they need smaller cars or bigger tracks.
Speaker 2: I don't know, like I mean, I know, I guess
Speaker 2: it is glamorous.
Speaker 1: You know, and superhistoric, high tech.
Speaker 2: It expensive.
Speaker 1: You know, we've talked about this, but I mean, honestly,
Speaker 1: when you do go to a race, the race is
Speaker 1: sort of besides the point for most people, and that
Speaker 1: is just okay, that is just fine.
Speaker 2: It's like watching cricket. I love to go to a
Speaker 2: cricket test, you know, just sit around knocking back Pim's
Speaker 2: cups all day.
Speaker 1: But how do you feel about baseball? Do you like
Speaker 1: baseball games?
Speaker 2: I keep every few years, I'll try and get back
Speaker 2: into it. And when I was a kid, I loved
Speaker 2: it so much, but it's also just so.
Speaker 1: Boring when you were a kid.
Speaker 2: Well, my mom took me to a Yankees game when
Speaker 2: I was five, and that kind of uh. And I
Speaker 2: lived here in New York City, so I was a
Speaker 2: Yankees fan. But when we moved back to Ohio, Johnny
Speaker 2: Bench and Pete Rose were playing for the Cincinnati Reds,
Speaker 2: and I loved that.
Speaker 1: Wow, that's like Golden Era, Yeah for sure.
Speaker 2: Yeah, So I loved it when I was a little kid.
Speaker 2: And I think I don't know if it's more boring
Speaker 2: now or if I'm just too old to care, but
Speaker 2: or the people, yeah, just not as colorful.
Speaker 1: I don't know. I was gonna what made me think
Speaker 1: of it as base I like going to baseball games
Speaker 1: and staying for like four or five innings, and I
Speaker 1: mostly just like going for the atmosphere. I don't know's
Speaker 1: the game to me is rather boring, but I like.
Speaker 1: I love all the superstition. I love how eccentric and
Speaker 1: weird some of the players are. Yeah, you know, but
Speaker 1: it is more about the atmosphere and the lifestyle of
Speaker 1: it than the actual game.
Speaker 2: If you have tickets, I'll go, you know, Okay, but
Speaker 2: I would not rather go to a hockey game, a
Speaker 2: basketball game, or a football game even And that's ok.
Speaker 1: Have you been watching the Celtics documentary on HBO.
Speaker 2: No, I have not, but I'm a big fan of
Speaker 2: Larry Bird, so I guess it's probably that area, right.
Speaker 1: Well, it starts with Bob Kozier and Bill Bill Russell
Speaker 1: like in the Red Arbach back in the for in
Speaker 1: the old old days. But I think I'm sure they
Speaker 1: get to Bird.
Speaker 2: I'll watch it. I mean, when I was a kid,
Speaker 2: I was a Lakers fan, and now I have to
Speaker 2: support the Knicks since I live here and they're the
Speaker 2: games I can go see. You know, but going to
Speaker 2: a basketball game is super fun.
Speaker 1: I agree that that's a fun atmosphere. Yeah, completely completely agree.
Speaker 2: All Right, Well, I guess that's all we have for
Speaker 2: this week. But when you come back, you'll tell us
Speaker 2: about hanging out with Ola, tell us about driving the
Speaker 2: Cadillac IQ. We'll talk hopefully with Mark Royce, president of
Speaker 2: General Motors and supercar guy, whose kid I believe is
Speaker 2: like a pro level baseball player. Really yeah, I mean
Speaker 2: he might, he might play for the Tigers. I don't know.
Speaker 2: I think he played for University of Michigan, like varsity
Speaker 2: baseball at a.
Speaker 1: D one team.
Speaker 2: And I know he at least I know he at
Speaker 2: least tried out for the pros. I'm gonna dig into it.
Speaker 2: I'll probably definitely, but he's an amazing baseball player.
Speaker 1: I'm Matt Miller, and I'm a Hanna Elliott, and this
Speaker 1: is Bloomberg.