Latest / Bloomberg Intelligence / Tesla's Cybertruck, an $11 Million Bugatti and Pagani's Electric Supercars

Transcript

Tesla's Cybertruck, an $11 Million Bugatti and Pagani's Electric Supercars · Bloomberg Intelligence

• 0:00
  Speaker 1: Hey, this is Matt Miller. You listen to me every day,
• 0:02
  Speaker 1: I hope on the Tape podcast with Paul Sweeney. I've
• 0:06
  Speaker 1: got a new podcast though, that I'm running alongside the
• 0:10
  Speaker 1: Tape with my friend Hannah Elliott. She's the car reviewer
• 0:13
  Speaker 1: from Bloomberg Pursuits. We call it Hot Pursuit, and we
• 0:16
  Speaker 1: tell you everything you need to know or want to
• 0:18
  Speaker 1: know about new cars, about the automotive industry, about car events.
• 0:23
  Speaker 1: I'm gonna drop a little sample from the Hot Pursuit
• 0:26
  Speaker 1: podcast here. Take a listen. If you like it, go
• 0:30
  Speaker 1: to the Hot Pursuit page and subscribe. You can find
• 0:33
  Speaker 1: it on Apple, on Spotify, or anywhere you get your podcasts.
• 0:40
  Speaker 2: I'm Matt Miller, I'm Hannah Elliott, and this is Hot Pursuit.
• 0:51
  Speaker 1: All right. Today on the show, we have a lot
• 0:53
  Speaker 1: of really cool stuff to talk about. Hannah put out
• 0:56
  Speaker 1: a story about the most valuable cars that have sold
• 0:59
  Speaker 1: at auction, which I'm excited about because there are a
• 1:02
  Speaker 1: couple of really cool modern vehicles and one I have
• 1:04
  Speaker 1: driven one I would love to. We are also going
• 1:07
  Speaker 1: to talk about Pegani Horatio Pegani, because we had a
• 1:10
  Speaker 1: Pagani interview I guess he was in Asia in Hong Kong,
• 1:13
  Speaker 1: and he is releasing his third supercar, third generation of
• 1:17
  Speaker 1: the Pagani supercar. Portia also is releasing a car both
• 1:20
  Speaker 1: of those in Asia. Hannah's gonna tell us why, and
• 1:23
  Speaker 1: we're gonna dive deep into the cyber truck. I've been
• 1:25
  Speaker 1: pumped about this thing for four years, and ever since
• 1:29
  Speaker 1: the very first time we saw it, haters have been
• 1:32
  Speaker 1: hating so hard. Elon makes it so easy, but I'm
• 1:35
  Speaker 1: hoping that he hits it out of the park. Hannah,
• 1:38
  Speaker 1: let's talk first about the story that you put out. Obviously,
• 1:40
  Speaker 1: Ferrari's are the most expensive cars that have sold on auction.
• 1:43
  Speaker 1: We've been talking about that in this podcast, and you've
• 1:46
  Speaker 1: been writing about it for years. That's no big deal.
• 1:48
  Speaker 1: But there were a couple other really interesting sales. Tell
• 1:51
  Speaker 1: us about a couple of them.
• 1:52
  Speaker 2: It's always going to be Ferrari dominating. I think of
• 1:55
  Speaker 2: these top ten seven were Ferrari. This is as market
• 1:58
  Speaker 2: proof as you can get blue chip cars. Of course,
• 2:01
  Speaker 2: of course, aside from that, a couple other of the
• 2:04
  Speaker 2: brands that came up in the top ten list are recognizable.
• 2:07
  Speaker 2: We've got that Mercedes Formula one race car that Lewis
• 2:11
  Speaker 2: Hamilton is fin awesome, I know, and I think that
• 2:15
  Speaker 2: really actually means that these Formula one racers that have
• 2:18
  Speaker 2: been decommissioned are going to become more and more popular.
• 2:22
  Speaker 2: We had a couple Shoemaker cars that sold pretty well
• 2:25
  Speaker 2: last year. Now Hamilton this car, it was really interesting.
• 2:29
  Speaker 2: They sold it in a theater in Las Vegas at
• 2:32
  Speaker 2: the Winn Hotel and it went for almost twenty million dollars.
• 2:36
  Speaker 2: It was like eighteen point eight million. That's the start
• 2:39
  Speaker 2: of something that's insane.
• 2:41
  Speaker 1: Yeah, because I was thinking about this, I have no
• 2:43
  Speaker 1: idea about how many there are out there, but I
• 2:46
  Speaker 1: would imagine there are quite a few decommissioned at least chassis,
• 2:50
  Speaker 1: right because they make a lot and maybe they don't
• 2:54
  Speaker 1: make a lot of engines. I think there's a rule
• 2:56
  Speaker 1: about how many they can produce. But you know, there
• 2:58
  Speaker 1: must be a lot of rolling chats He's out there.
• 3:00
  Speaker 3: There really are, and there are even race series.
• 3:04
  Speaker 2: Where guys will buy the old, older Formula cars and
• 3:07
  Speaker 2: then raceom. What made this particular car really special though,
• 3:11
  Speaker 2: is that it's the only modern Formula one Mercedes that
• 3:15
  Speaker 2: isn't owned by Mercedes by Lewis Hamilton or by Total Wolf.
• 3:20
  Speaker 2: So basically this was the only one that was offered
• 3:23
  Speaker 2: to the public that wasn't sort of owned by the
• 3:26
  Speaker 2: Mercedes Racing team conglomerate between Toto and Hamilton, So this
• 3:31
  Speaker 2: in particular was super rare. But to your point, there
• 3:34
  Speaker 2: are full on racing series where guys will buy these
• 3:36
  Speaker 2: old Formula One cars and race them, and I think
• 3:39
  Speaker 2: it's kind of, you know, like fun to do if
• 3:41
  Speaker 2: you can afford it.
• 3:42
  Speaker 1: I mean, yeah, twenty million bucks almost that's a little
• 3:47
  Speaker 1: high for me, but it's so cool, and it wasn't
• 3:50
  Speaker 1: a lame one. It's at least a V eight, right,
• 3:52
  Speaker 1: It wasn't like the Shumi V twelves or the V
• 3:55
  Speaker 1: tens of Christian Horner's youth, but it's still at least
• 3:59
  Speaker 1: is a V eight. And there was a really cool
• 4:00
  Speaker 1: clip circulating on social I'm sure you saw it where
• 4:03
  Speaker 1: Lewis Hamilton is giving an interview and he hears somebody
• 4:06
  Speaker 1: driving a V ten around the track and he gets
• 4:10
  Speaker 1: confused or he gets sort of sidetracked and he's like,
• 4:13
  Speaker 1: I'm sorry, it's got to listen to that sound. So
• 4:15
  Speaker 1: even he.
• 4:16
  Speaker 2: Loves it you know, he's like a real car guy,
• 4:19
  Speaker 2: which is really cool to see this one in particular. Two,
• 4:23
  Speaker 2: it was one of the last to have that particular
• 4:26
  Speaker 2: kind of engine before they changed the rules again. This
• 4:29
  Speaker 2: car was raised Hamilton won the Hungarian Grand Prix it
• 4:32
  Speaker 2: in twenty thirteen, so this is sort of the last
• 4:35
  Speaker 2: of that particular type of engine, which I'm sure he
• 4:38
  Speaker 2: would recognize by sound, so that made it even extra special.
• 4:42
  Speaker 2: But yeah, it's a dying breed, which is interesting because
• 4:45
  Speaker 2: another car on this list of top sellers I know
• 4:49
  Speaker 2: you mentioned before was this Bugatti that is also kind
• 4:52
  Speaker 2: of the end of an era, and I know you're
• 4:55
  Speaker 2: kind of obsessed with it.
• 4:56
  Speaker 1: I'm obsessed with the car, which I incorrect for as
• 5:00
  Speaker 1: chyrone and I have been. By the way, I even
• 5:03
  Speaker 1: do that with stink Stephen Winkleman when I'm talking to
• 5:05
  Speaker 1: the former CEO of Bugatti and you can say it correctly.
• 5:08
  Speaker 2: Well, I would say Charon, yes or Sharon, depending on
• 5:12
  Speaker 2: if your French or not.
• 5:13
  Speaker 3: But honestly, I don't ever correct.
• 5:14
  Speaker 1: I'm not going to go you're right, And every time
• 5:16
  Speaker 1: I say it, especially when I say it like on
• 5:19
  Speaker 1: live television or radio, I feel stupid after but whatever,
• 5:22
  Speaker 1: it's cool. I have had the honor of the privilege
• 5:25
  Speaker 1: of driving one one time on the bilster Berg circuit
• 5:28
  Speaker 1: in Germany with Winkleman, and that it was so much fun.
• 5:34
  Speaker 1: And we also drove it around, you know, just around
• 5:37
  Speaker 1: the b roads in the area. I mean, sixteen cylinders,
• 5:42
  Speaker 1: four turbochargers. And the coolest thing for me about the
• 5:46
  Speaker 1: Chiron is when I first saw it, I thought it
• 5:49
  Speaker 1: was absolutely fugly, like I didn't like it at all
• 5:52
  Speaker 1: many years ago, and I have come to love it
• 5:54
  Speaker 1: over time, and then driving it was just kind of
• 5:56
  Speaker 1: the cherry on top you've.
• 5:58
  Speaker 3: Driven on I imagine, Yeah, I have.
• 6:00
  Speaker 2: I've driven a Sharona and I've driven a Veyron, and
• 6:02
  Speaker 2: I'm the same. I don't necessarily like two tone cars
• 6:06
  Speaker 2: in general, even though I understand their historical precedent and.
• 6:11
  Speaker 1: Yeah two tones.
• 6:13
  Speaker 2: Yeah, so I kind of get your point. But it
• 6:15
  Speaker 2: really has grown on me, and I'm totally with you.
• 6:19
  Speaker 2: You know, we're very lucky. We get to drive a
• 6:21
  Speaker 2: bunch of really cool things, but when you get into
• 6:24
  Speaker 2: a Bugatti, it's on another level.
• 6:26
  Speaker 3: And even for some of.
• 6:28
  Speaker 2: Us who can be a bit blase about things because
• 6:31
  Speaker 2: this is our job. Even getting into the Bugatti though
• 6:34
  Speaker 2: and driving it, it does feel like it's on a
• 6:36
  Speaker 2: whole other planet, just in terms of speed performance.
• 6:41
  Speaker 3: The sound to me is like a jet bye. I
• 6:45
  Speaker 3: love it. It's so cool. It is the end of a
• 6:49
  Speaker 3: dying breed.
• 6:49
  Speaker 2: Bougotti has said they're gonna well, actually I don't know
• 6:52
  Speaker 2: if they've said this officially, but they will be bringing
• 6:54
  Speaker 2: out It's been report.
• 6:55
  Speaker 3: Here, Okay, we'll put it that way.
• 6:57
  Speaker 2: It's been reported by us people familiar, yes, people familiar
• 7:01
  Speaker 2: with the matters say the sixteen cylinder car is really
• 7:06
  Speaker 2: the end of an era at Bugatti. And I know
• 7:08
  Speaker 2: that people are thinking about that when they buy these,
• 7:12
  Speaker 2: and they pay top.
• 7:13
  Speaker 1: Dollar for these, So let's talk about that. By the
• 7:15
  Speaker 1: way of your list, you said they're seven ferraris. Yes,
• 7:18
  Speaker 1: eight of them were classic cars, you know, old. I
• 7:21
  Speaker 1: don't know what that means twenty five years or I
• 7:22
  Speaker 1: mean yeah, yeah. And the only modern ones that I
• 7:26
  Speaker 1: referenced were Hamilton's twenty thirteen F one car and the Hiron,
• 7:32
  Speaker 1: which initially went for what like last year, for like
• 7:36
  Speaker 1: three million bucks and now it sold for eleven a
• 7:39
  Speaker 1: year later, which is crazy. It's wild. I guess it's
• 7:42
  Speaker 1: because they just don't make very money and they're going
• 7:44
  Speaker 1: to go to, as you said, a hybrid powertrain.
• 7:47
  Speaker 3: Yeah.
• 7:48
  Speaker 2: When they announced this car, they said they were going
• 7:49
  Speaker 2: to make five hundred of them, which by the they
• 7:52
  Speaker 2: had already sold out two hundred by the time they
• 7:55
  Speaker 2: even made one, So I don't.
• 7:57
  Speaker 1: You know, it's like a special edition. It's the final.
• 8:01
  Speaker 3: Yeah, this and this one was totally unique.
• 8:03
  Speaker 2: It had like a special paint job and special woven
• 8:06
  Speaker 2: leather on the inside.
• 8:07
  Speaker 3: It really was a singular car.
• 8:10
  Speaker 2: And you know, I just know that to see that
• 8:13
  Speaker 2: kind of price jump in a year is wild. And
• 8:19
  Speaker 2: I mean, bottom line, things are worth what people pay
• 8:21
  Speaker 2: for them. I mean that it's just like art. It's
• 8:24
  Speaker 2: like a painting on a wall is going to be
• 8:26
  Speaker 2: worth whatever someone pays for it.
• 8:28
  Speaker 1: And I would must rather have a car, a Bugatti
• 8:31
  Speaker 1: than a painting on a wall. I've never understood why
• 8:32
  Speaker 1: people would pay more for a painting, even if it's
• 8:35
  Speaker 1: really good, right, which that a lot of them aren't
• 8:38
  Speaker 1: that great, I feel like, but I'd rather have something
• 8:41
  Speaker 1: you can drive.
• 8:42
  Speaker 3: Yeah, me too.
• 8:42
  Speaker 2: I mean it's interesting because going back to the Formula cars,
• 8:45
  Speaker 2: if you talk to the auction the guys at the auctions.
• 8:48
  Speaker 3: The people at r in.
• 8:49
  Speaker 2: They say, these cars are being bought as if they
• 8:53
  Speaker 2: are painting by Picasso. These are being bought as art
• 8:58
  Speaker 2: pieces or objects of art, you know, and not cars.
• 9:04
  Speaker 3: And I'm not convinced.
• 9:06
  Speaker 2: How much driving will be done in them, unfortunately, because
• 9:09
  Speaker 2: it is sort of skewing over to this idea that
• 9:12
  Speaker 2: these are pieces of artwork.
• 9:14
  Speaker 1: You had a guy, by the way who's bought multiple
• 9:16
  Speaker 1: right in your quoting your story. I think it was
• 9:18
  Speaker 1: a Barrett Jackson.
• 9:19
  Speaker 3: Dude, Craig Jackson.
• 9:20
  Speaker 2: Yeah, this is the guy who runs Barrett Jackson auctions,
• 9:22
  Speaker 2: which is interesting. And I said to him, wait, Barrett
• 9:25
  Speaker 2: Jackson's known for muscle cars, American cars, Americana. You know,
• 9:30
  Speaker 2: why are you buying these really high end French sports cars.
• 9:34
  Speaker 2: And he said, hey, I know a good deal when
• 9:36
  Speaker 2: I see it. This is the end of the line.
• 9:38
  Speaker 2: He loves driving and he does drive him, which is
• 9:41
  Speaker 2: really cool. He loves driving him, and he knows that
• 9:43
  Speaker 2: the values are going to go way up. He owns
• 9:45
  Speaker 2: a couple Bougatties and he said he's always looking for
• 9:48
  Speaker 2: another one.
• 9:48
  Speaker 1: That's that's just crazy. He's smart. By the way, what
• 9:51
  Speaker 1: do we know about the powertrain?
• 9:53
  Speaker 3: Is it?
• 9:53
  Speaker 1: You said hybrid, so it's not just electric? And rolls Royce.
• 9:56
  Speaker 1: I think someone broke the news that they have a
• 9:59
  Speaker 1: less than three hundred mile range on the Specter over
• 10:02
  Speaker 1: the last couple of days, which is their all electric
• 10:05
  Speaker 1: car that's coming. That's lame, and it would be so
• 10:08
  Speaker 1: much cooler if it were a hybrid, especially if with
• 10:10
  Speaker 1: the rules, if it were the six and a half
• 10:13
  Speaker 1: liter of V twelve. But what about what do you
• 10:14
  Speaker 1: know about the Kirnes powertrain the hybrid.
• 10:17
  Speaker 2: What I've been told from sources close to the matter
• 10:20
  Speaker 2: is that there was a preview in Berlin recently about
• 10:24
  Speaker 2: this new vehicle, which is a completely new vehicle. It's
• 10:28
  Speaker 2: not a next generation, it's a completely new vehicle, and
• 10:31
  Speaker 2: apparently the hybrid capabilities are on another level. It's not
• 10:35
  Speaker 2: pure electric, but you know, close to the equivalent of
• 10:39
  Speaker 2: two thousand horsepower all in all combined. Now, this is
• 10:44
  Speaker 2: not confirmed by the company. This is what I've been
• 10:46
  Speaker 2: told by somebody who was there, and of course I've
• 10:48
  Speaker 2: asked Bugatti, you know, to confirm that, and they are
• 10:52
  Speaker 2: keeping their cards close to their chest until next year.
• 10:55
  Speaker 2: But I mean this plays right into your hand, Matt.
• 10:57
  Speaker 2: I know you're a fan of hybrids.
• 10:59
  Speaker 1: And I'm a fan of hybrids. And I'm happy when
• 11:02
  Speaker 1: you know, people start buying the last gen of a
• 11:04
  Speaker 1: gas car, because I bought that in my Challenger, and
• 11:09
  Speaker 1: we have another, the Camaro. I think this year is
• 11:10
  Speaker 1: the last or next year is the last year for
• 11:12
  Speaker 1: the Camaro. There's a bunch of these cars now where
• 11:15
  Speaker 1: you're going to see the last gas model soon.
• 11:18
  Speaker 2: Yeah, And I think Barry does that too. I mean,
• 11:20
  Speaker 2: it's not wrong to be thinking like that.
• 11:22
  Speaker 1: You know.
• 11:23
  Speaker 2: The range thing continues to be an issue. I mean
• 11:26
  Speaker 2: you mentioned Rolls Royce and the Specter, which is unfortunate,
• 11:30
  Speaker 2: but also there you know, Audi's SUVs get less than
• 11:33
  Speaker 2: three hundred miles. Its not just Rolls Wars. It's not
• 11:36
  Speaker 2: just the big expensive ones. It's even Audi, which those
• 11:39
  Speaker 2: are expensive too.
• 11:40
  Speaker 1: But you know, only GM seems to have cracked the
• 11:42
  Speaker 1: nut and the way they did it. By the way,
• 11:44
  Speaker 1: when we talk about the cyber truck, we'll touch on this,
• 11:46
  Speaker 1: but because GM, the electric Cadillac Escalade, or the Hummer
• 11:51
  Speaker 1: or even the Silverado, these things are like nine or
• 11:53
  Speaker 1: ten thousand downs.
• 11:55
  Speaker 2: If they even will tell you the weight, right, you know,
• 11:58
  Speaker 2: half the time I have to. I asked them and
• 11:59
  Speaker 2: they say they don't want to tell me, or they
• 12:01
  Speaker 2: quote unquote don't know. And then I just start throwing
• 12:03
  Speaker 2: out numbers, and you know, see how they react, you know, yeah,
• 12:07
  Speaker 2: ten dozand and you know if they give me a wink,
• 12:09
  Speaker 2: then I kind of know, Okay, we're in the ballpark.
• 12:11
  Speaker 1: It's weird that no one seems even the TfL guys
• 12:13
  Speaker 1: are like, I think somewhere over nine thousand, and they are
• 12:15
  Speaker 1: like die hard. They must have a GMC Hummer by
• 12:18
  Speaker 1: the way, I will say, a Camaro and the Barrett
• 12:20
  Speaker 1: Jackson auction for over a million dollars. So wow. Muscle cars,
• 12:24
  Speaker 1: I mean, obviously the Kudas have been up there. You know,
• 12:27
  Speaker 1: there are some muscle cars that are going for that much.
• 12:29
  Speaker 3: Yeah.
• 12:29
  Speaker 2: And I did ask Craig, hey, is there any chance
• 12:32
  Speaker 2: that any of these American cars and muscle cars might
• 12:36
  Speaker 2: at some point break into the top ten, top fifteen
• 12:40
  Speaker 2: list of sales for the year, And he mentioned, you know,
• 12:43
  Speaker 2: possibly some of the Shelbys could eventually, you know, it
• 12:47
  Speaker 2: hasn't happened yet, but their prices are certainly on the rise.
• 12:51
  Speaker 1: Nice let's talk about prices that start out very high.
• 12:56
  Speaker 1: Horatio Pegani and I have. I don't know too much
• 12:59
  Speaker 1: about him. I've been to Bologna a bunch to visit
• 13:02
  Speaker 1: people at Dukati, so I always go by, you know, Lamborghini,
• 13:07
  Speaker 1: and then since i'm there, I just drived to Modena
• 13:09
  Speaker 1: and I go to the Pegani factory. It's such a
• 13:11
  Speaker 1: cool tour. I recommend anybody who's in the motor valley
• 13:14
  Speaker 1: do it. I've done it like three times now. And
• 13:16
  Speaker 1: he's such a cool guy with a cool pass because
• 13:18
  Speaker 1: he started, I think, working at Lambeau and he was like,
• 13:21
  Speaker 1: we should get our own machine for making carbon fiber,
• 13:23
  Speaker 1: and they were like nah, nah, that's too expensive, and
• 13:25
  Speaker 1: then he bought it himself and just brought it to work.
• 13:28
  Speaker 3: Yeah, that's very legit.
• 13:29
  Speaker 1: He was on Bloomberg.
• 13:30
  Speaker 2: I guess you didn't do the interview. No, I only
• 13:33
  Speaker 2: watch your interviews, Matt.
• 13:34
  Speaker 1: I see, so he was Bloomberg, Thank you very much.
• 13:37
  Speaker 1: I watch everyone else's but with his son, I think
• 13:41
  Speaker 1: because his English isn't so great, so his son it's
• 13:43
  Speaker 1: a challenge. It helps to translate what he's saying, and
• 13:47
  Speaker 1: he's I think Argentinian. Yes, half what is he saying
• 13:51
  Speaker 1: about electric cars and China because it seems to me
• 13:54
  Speaker 1: that's where you get the cheapest stuff. But he made
• 13:56
  Speaker 1: someday get a power train for his future electric car.
• 13:58
  Speaker 2: There this sounds and I don't mean it to sound bad,
• 14:01
  Speaker 2: but he's kind of talking out of both sides of
• 14:03
  Speaker 2: his mouth, because yes, he does say, China is really
• 14:07
  Speaker 2: important for evs.
• 14:08
  Speaker 3: It's the world's largest EV market.
• 14:10
  Speaker 2: You know, domestic brands and European brands would do well
• 14:14
  Speaker 2: to watch what Chinese manufacturers are doing in China because
• 14:18
  Speaker 2: they're out selling everybody with electric vehicles, and it's also
• 14:22
  Speaker 2: cheaper to manufacture in China, et cetera, et cetera. But
• 14:25
  Speaker 2: then he says, but you know, for supercars, an electric
• 14:29
  Speaker 2: vehicle is still you know, an expensive, heavy proposition, and
• 14:33
  Speaker 2: they don't have any plans, you know, currently to come
• 14:36
  Speaker 2: out with any electric vehicle at Pegani and also they
• 14:39
  Speaker 2: were there to debut their new generation supercar, the Utopia
• 14:45
  Speaker 2: in Asia. But you know the thing is I actually
• 14:48
  Speaker 2: went back and looked and they had already shown that
• 14:51
  Speaker 2: in Milan a year or two ago. That's right, so
• 14:55
  Speaker 2: it's coming a little bit late, which the actions tell
• 14:58
  Speaker 2: me China is not really a priority for them as
• 15:02
  Speaker 2: much as maybe he was saying while he was there.
• 15:06
  Speaker 1: But I mean, the car looks insane.
• 15:08
  Speaker 2: The car looks insane, and he is right about the
• 15:10
  Speaker 2: fact that China is the most important market for electric
• 15:14
  Speaker 2: vehicles in the world. I saw something from our Bloomberg
• 15:16
  Speaker 2: intelligence that said that sixty percent of all new evs
• 15:21
  Speaker 2: sold this year around the world will be in China.
• 15:24
  Speaker 3: So that's huge.
• 15:25
  Speaker 1: Yeah, they have over one hundred EV makers in China business.
• 15:28
  Speaker 1: We've had a great story about the EV graveyards. You
• 15:31
  Speaker 1: can go to there where you can see like thousands,
• 15:34
  Speaker 1: tens of thousands of cars just parked and never never
• 15:38
  Speaker 1: to be used again, most of them for uberish purposes.
• 15:41
  Speaker 1: I think whatever their uber is called dd or. I
• 15:44
  Speaker 1: think though that PEGANI was talking on the Bloomberg interview
• 15:46
  Speaker 1: about the mass market for cars, and of course what
• 15:50
  Speaker 1: he does is something very different because at his factory
• 15:53
  Speaker 1: where they put him together by hand, they only make
• 15:55
  Speaker 1: a few dozen, maybe like fifty a year. He's still
• 15:57
  Speaker 1: using I think a Mercedes SI Snathleteer, Mercedes V twelve
• 16:01
  Speaker 1: in his he was at least in the Wira. All
• 16:04
  Speaker 1: of his cars kind of look the same, the Zanda,
• 16:06
  Speaker 1: the Wira. The new one I think is the best
• 16:09
  Speaker 1: looking of the bunch, but maybe that's because it's you know, new.
• 16:11
  Speaker 2: I agree, And honestly, it's difficult to tell him apart. Yes,
• 16:14
  Speaker 2: I mean, that's to me one of the problems of Pegani.
• 16:17
  Speaker 2: But maybe they don't see it as a problem. But
• 16:19
  Speaker 2: I can't tell him apart on the road, I have
• 16:20
  Speaker 2: no idea what I'm looking for. Me.
• 16:22
  Speaker 1: The cool part about it is, whenever I'm in any
• 16:24
  Speaker 1: car that's not a Rolls Royce, I'm looking at the dials,
• 16:29
  Speaker 1: the knobs, the touch points, and I'm thinking, Man, I
• 16:31
  Speaker 1: wish they had like cnced this out of aluminum block,
• 16:35
  Speaker 1: you know. I wish they'd really gone like the extra
• 16:37
  Speaker 1: mile on every single piece. And that's what he does, Yes,
• 16:40
  Speaker 1: you know, like the like the guy from Icon when
• 16:42
  Speaker 1: he makes.
• 16:43
  Speaker 3: Yeah, Jonathan Ward.
• 16:45
  Speaker 1: Yeah. I recently saw a video where he's talking about
• 16:47
  Speaker 1: this Mercedes, like I think it was a three hundred
• 16:50
  Speaker 1: Sel that they put a GM V eight super charged
• 16:54
  Speaker 1: V eight into and it looks so awesome, And but
• 16:56
  Speaker 1: he He like redesigns every single piece, even if he
• 17:00
  Speaker 1: wants the car to look factory original, because he wants
• 17:05
  Speaker 1: that quality. So even a knob that is plastic, he'll
• 17:08
  Speaker 1: he'll he'll see and see it out of aluminum and
• 17:10
  Speaker 1: make it look exactly the same as the plastic one.
• 17:12
  Speaker 1: But it's just more of a solid piece.
• 17:14
  Speaker 3: That's cool. I like the attention to detail. It kind
• 17:16
  Speaker 3: of reminds me of Spiker. You remember Spikes.
• 17:18
  Speaker 2: Yes, yeah, they kind of did the same thing, which
• 17:21
  Speaker 2: was really nice. It's like jewelry in a way, the motive, right,
• 17:24
  Speaker 2: I think, so, yeah, exactly, it's like jewelry.
• 17:27
  Speaker 1: It's like art, which is what I really think of
• 17:29
  Speaker 1: PEGANI is so. The thing is, when I was at
• 17:31
  Speaker 1: the factory last time, I thought, Man, these engines they
• 17:33
  Speaker 1: use are getting kind of old in the tooth. But
• 17:35
  Speaker 1: it doesn't matter. It's not really about that. He says
• 17:38
  Speaker 1: he doesn't want to use batteries because they're not lightweight enough.
• 17:41
  Speaker 1: But like, who cares in a PEGANI? I guess, I mean,
• 17:44
  Speaker 1: are you tracking a five million dollar PEGANI.
• 17:47
  Speaker 3: I can't imagine. You know, I have never driven a PEGANI.
• 17:49
  Speaker 2: That's I think one of the only vehicles I've never driven,
• 17:53
  Speaker 2: I've ridden in one, but I wasn't allowed to drive it,
• 17:57
  Speaker 2: so I'm still waiting for that time behind the drive
• 18:00
  Speaker 2: the seat.
• 18:01
  Speaker 1: I am a long list of cars I've never driven. PEGANI, obviously,
• 18:04
  Speaker 1: I've never driven a PEGANI, a Kunigzag, what do you
• 18:07
  Speaker 1: call it?
• 18:07
  Speaker 3: A Remac Remac would love you, Matt.
• 18:09
  Speaker 2: I'm very surprised you and Matte would be bros.
• 18:12
  Speaker 1: I would. I would like to meet him, and I'd
• 18:14
  Speaker 1: also love to hear what he has to say to
• 18:16
  Speaker 1: Horatio Pegani about because he's made an electric supercar.
• 18:20
  Speaker 3: Yeah, I know, I know.
• 18:29
  Speaker 1: All right, let's talk about something that's gonna be I
• 18:31
  Speaker 1: think a lot cheaper, and actually by the time the
• 18:34
  Speaker 1: podcast comes out, I think it'll be official because we're
• 18:37
  Speaker 1: recording this on a Wednesday Tomorrow. Tesla delivered the first
• 18:41
  Speaker 1: cyber trucks. What are we hearing It's gonna be about
• 18:44
  Speaker 1: fifty grand, maybe it'll be sixty or seventy, but that's
• 18:48
  Speaker 1: fairly affordable.
• 18:49
  Speaker 3: Yeah, it's fairly affordable.
• 18:51
  Speaker 2: It's like that much money plus four years of your
• 18:54
  Speaker 2: emotional roller coaster up and down following did you put
• 18:58
  Speaker 2: a deposit down on one.
• 18:59
  Speaker 1: I did, and now the wait list is like five years.
• 19:02
  Speaker 1: I mean, more than a million people have reserved one.
• 19:05
  Speaker 3: You have you seen one in real life at all?
• 19:07
  Speaker 1: I have not seen one in real life, but I've
• 19:09
  Speaker 1: seen all of the protypes on the Internet, and I've
• 19:12
  Speaker 1: seen like Doug Demurou had a video where he like
• 19:15
  Speaker 1: trashes the gaps. Everyone's talking about the panel gaps. I'm
• 19:18
  Speaker 1: hoping that that from the very beginning, when Elon Musk
• 19:22
  Speaker 1: broke the window with the bowling ball or whatever, that.
• 19:25
  Speaker 3: Is an iconic moment to the panel gaps.
• 19:28
  Speaker 1: Now, I'm hoping that's all been a ruse wow, and
• 19:31
  Speaker 1: that he's gonna put out the most amazing and solid
• 19:34
  Speaker 1: stainless steel piece of artwork you've ever seen.
• 19:37
  Speaker 2: Yeah, you know, why put your best foot forward with
• 19:40
  Speaker 2: all your first impressions.
• 19:42
  Speaker 3: Well, we'll save it. We'll save the good stuff.
• 19:45
  Speaker 2: So we'll just get rid of the bad stuff first
• 19:47
  Speaker 2: and then we'll save it for it seems.
• 19:50
  Speaker 1: Like for everyone else he likes to make a bad impression.
• 19:52
  Speaker 1: It gets him a lot of.
• 19:53
  Speaker 2: Press, right right, Well, I have seen a couple cyber trucks.
• 19:57
  Speaker 2: I saw the one here in La at the Peters
• 20:00
  Speaker 2: Museum on display, which I think they probably would have
• 20:03
  Speaker 2: been better off if they didn't display it, because it
• 20:05
  Speaker 2: did give everyone a chance to go over it, and
• 20:08
  Speaker 2: you don't even have to look that close to see.
• 20:10
  Speaker 1: The poor But it's pre production.
• 20:13
  Speaker 2: Yes, and I have seen another one actually driving through
• 20:16
  Speaker 2: the streets in la I. You know, I, of course
• 20:21
  Speaker 2: am not in manufacturing, but I know that stainless steel
• 20:25
  Speaker 2: tends to show every flaw. And this entire truck is
• 20:31
  Speaker 2: made out of stainless steel. So yes, I think stainless
• 20:35
  Speaker 2: steel doesn't need to be painted. It resists corrosion, but
• 20:39
  Speaker 2: it's going to show every every little detail. And in
• 20:42
  Speaker 2: a company that has already struggled with fit and finish
• 20:46
  Speaker 2: on regular cars, my confidence that they're going to all
• 20:50
  Speaker 2: of a sudden be wonderful on this one, which is
• 20:54
  Speaker 2: even more challenging to manufacture, is low.
• 20:58
  Speaker 1: I mean, one cool thing is Delorian still look awesome
• 21:04
  Speaker 1: and the you know, the finish looks new when you
• 21:06
  Speaker 1: see them, and I don't know how old Delorian they
• 21:09
  Speaker 1: must be as almost as old as me, so very old.
• 21:12
  Speaker 1: I love the stainless deal. Look. Apparently they've had trouble
• 21:15
  Speaker 1: because of the glare, like it gives us so much
• 21:17
  Speaker 1: glare that it's problematic. And so the designer he wrapped
• 21:22
  Speaker 1: one in Matt Black, I think he did a horrible
• 21:25
  Speaker 1: job of the rap. He left bubbles and tears in it,
• 21:29
  Speaker 1: and then he drove it to a big event. So
• 21:32
  Speaker 1: everybody was like, even the rap sucks. But I'm hoping
• 21:36
  Speaker 1: it's gonna be cool because it's just a different take
• 21:40
  Speaker 1: on number one on cars, Like, you haven't seen that
• 21:43
  Speaker 1: kind of design. It is very like Delorian Countosh, this
• 21:47
  Speaker 1: kind of brutalist you know, no curves, straight lines. I
• 21:52
  Speaker 1: like that, and it's it's different from other Tesla's. Like
• 21:55
  Speaker 1: my problem with Tesla. The Model AS if you look
• 21:58
  Speaker 1: at it for a while, can be a beautiful vehicle,
• 22:01
  Speaker 1: but then the rest of them all look kind of
• 22:04
  Speaker 1: the same, like just different versions of the Model S
• 22:07
  Speaker 1: and then it makes all of them suck in a way.
• 22:10
  Speaker 3: Let me get this straight, just so I'm clear.
• 22:13
  Speaker 2: So you think the Model S is potentially beautiful, but
• 22:17
  Speaker 2: you do not like the curvature on like a Mercedes
• 22:20
  Speaker 2: S class.
• 22:22
  Speaker 1: You're saying, actually, I don't like the curvy Mercedes design language.
• 22:26
  Speaker 1: That's not I mean on.
• 22:27
  Speaker 3: The kind of look like lozenges.
• 22:30
  Speaker 1: Yeah, that's Butla. Look, I think the model ass because
• 22:35
  Speaker 1: it's stretched out more and it's got a longer nose,
• 22:39
  Speaker 1: it's sleek. It looks a little bit like it's got
• 22:43
  Speaker 1: that Jaguar Aston Martin kind of design line.
• 22:46
  Speaker 2: No way, you're comparing a Tesla to an Aston Martin.
• 22:49
  Speaker 1: No way. No, And in a way it looks kind of.
• 22:52
  Speaker 3: I think the sleep deprivation is getting to You.
• 22:54
  Speaker 1: Could be just a kid and I on Saturday, and
• 22:58
  Speaker 1: I haven't slept for more than three hours. Anyway. My
• 23:01
  Speaker 1: point is they all look alike, and that makes me
• 23:03
  Speaker 1: not even like the one that could look the best.
• 23:05
  Speaker 1: So I think it's cool that they're making something that
• 23:07
  Speaker 1: looks totally different. You know, this doesn't look like any
• 23:10
  Speaker 1: other Tesla's or any other cars.
• 23:13
  Speaker 2: Yeah, okay, I do think that Delorean's a good comparison,
• 23:16
  Speaker 2: But also look at what happened with DeLorean the company
• 23:19
  Speaker 2: and DeLorean the man. They also were swindlers, and I
• 23:24
  Speaker 2: hate the feeling that someone is swindling me and my
• 23:28
  Speaker 2: friends out of our hard earned money. And it just
• 23:33
  Speaker 2: feels a little like, Wow, you promised this in twenty nineteen,
• 23:37
  Speaker 2: you promised it by twenty twenty one. It's now almost
• 23:41
  Speaker 2: twenty twenty four. The examples we've seen look like trash cans.
• 23:48
  Speaker 2: I just feel like, how dumb do you think we are?
• 23:51
  Speaker 1: I mean, come on, fair fair point, fairpoint. Well it'll
• 23:55
  Speaker 1: be interesting. I mean the production nightmare is. I think
• 23:59
  Speaker 1: he huge part of the story right now. He's got
• 24:02
  Speaker 1: a million pre orders or reservations, but those will probably
• 24:05
  Speaker 1: cancel a lot of them as they realize it's going
• 24:08
  Speaker 1: to be years before they get it.
• 24:10
  Speaker 3: You know what I'm going to buy you for Christmas?
• 24:12
  Speaker 1: I just had a great cyber truck reservation.
• 24:14
  Speaker 2: No, there's a cyber truck can opener for fifty dollars
• 24:19
  Speaker 2: on the Tesla website.
• 24:20
  Speaker 1: I saw that, did you, Yeah, and a couple beers
• 24:23
  Speaker 1: have cyber beer.
• 24:24
  Speaker 3: The beer stein. I mean for the truck lover in
• 24:27
  Speaker 3: your life.
• 24:28
  Speaker 1: I don't know if it'll be interesting to see if
• 24:30
  Speaker 1: the cyber truck is for the truck lover in your life,
• 24:32
  Speaker 1: because what can you really do with it? Apparently it
• 24:35
  Speaker 1: has a pretty big bed. You can fit like a
• 24:37
  Speaker 1: four x eight sheet apply wood in there if you
• 24:40
  Speaker 1: have the tailgate down, and it has a tiny little fronk.
• 24:44
  Speaker 1: But you know it can tell eleven thousand pounds. I
• 24:47
  Speaker 1: think I've heard, and it's gonna be light. It's going
• 24:49
  Speaker 1: to be less than seven thousand pounds, according to an
• 24:52
  Speaker 1: insider who leaked the details, like last week, and okay,
• 24:57
  Speaker 1: seven thousand pounds is very heavy compared to other cars.
• 24:59
  Speaker 1: But like I was saying earlier, compared to a Hummer
• 25:02
  Speaker 1: or the Chevy Silverado electric version or a yeah, it's
• 25:06
  Speaker 1: it's much lighter.
• 25:07
  Speaker 3: Your voice kind of went up on the end there, like, yo,
• 25:10
  Speaker 3: it's much lighter.
• 25:10
  Speaker 1: Maybe there's an yeah, maybe maybe, you know, I think
• 25:13
  Speaker 1: it's probably not gonna have nearly as much range as those.
• 25:15
  Speaker 1: But actually the best thing about Tesla compared to all
• 25:18
  Speaker 1: of the competitors is that it has better range. We
• 25:22
  Speaker 1: talk about the Audi you know that have horrible range.
• 25:25
  Speaker 1: The Rolls Royce is gonna have less than three hundred
• 25:27
  Speaker 1: I should say horrible, sorry Audi, but they have low range,
• 25:31
  Speaker 1: and these Tesla's have had a lot of range for
• 25:33
  Speaker 1: a long time.
• 25:34
  Speaker 2: And I do think that the cyber truck, if I'm
• 25:38
  Speaker 2: remembering this right, will be Tesla's first high voltage vehicle,
• 25:42
  Speaker 2: which does give the benefit of faster charging. Now Obviously,
• 25:45
  Speaker 2: Portia and Hyundai have already done that, but for Tesla,
• 25:48
  Speaker 2: it's a big thing. I do think it's a bad
• 25:51
  Speaker 2: sign that Ford is walking back targets for their electric truck,
• 25:55
  Speaker 2: and when Ford has the best selling truck in the
• 25:58
  Speaker 2: country and they're walking back targets for their electric truck. Again, like,
• 26:03
  Speaker 2: I don't know if truck a lot of truck owners
• 26:07
  Speaker 2: are looking to buy an electric NA truck you know
• 26:11
  Speaker 2: better than me.
• 26:12
  Speaker 1: No, I don't think so. It's not like people are
• 26:14
  Speaker 1: going to switch over from an F one to fifty.
• 26:16
  Speaker 1: It's hard enough to upsell them on the Lightning. It's
• 26:19
  Speaker 1: not like they're gonna buy a Tesla because they want
• 26:22
  Speaker 1: something that looks like a truck.
• 26:23
  Speaker 2: You know.
• 26:25
  Speaker 1: All right, what do you have coming up? Do you
• 26:26
  Speaker 1: have any uh?
• 26:27
  Speaker 2: Oh, you know what I'm doing next week? What I'm
• 26:29
  Speaker 2: going to go drive the nine to eleven st.
• 26:31
  Speaker 1: Okay, So the nine to eleven ST.
• 26:34
  Speaker 3: We discussed this.
• 26:35
  Speaker 1: What exactly is it? I mean, is it just like
• 26:37
  Speaker 1: the most perfect nine to eleven and they charge an
• 26:39
  Speaker 1: extra hundred grand for it?
• 26:41
  Speaker 3: Well? I think so.
• 26:43
  Speaker 2: So this is supposed to be like the top end
• 26:46
  Speaker 2: of their top end. It's a three hundred thousand dollars
• 26:49
  Speaker 2: version of the nine to eleven. It's not the most powerful,
• 26:52
  Speaker 2: it's not the fastest, but it's a special car with
• 26:56
  Speaker 2: a special livery that sort of harkens back to these
• 26:59
  Speaker 2: old eleven s.
• 27:00
  Speaker 3: Is a nine to eleven.
• 27:01
  Speaker 2: T's that were raced in the sixties, and the ST
• 27:04
  Speaker 2: was not a factory car, but you could kind of
• 27:07
  Speaker 2: spec your car to be what people would sort of
• 27:10
  Speaker 2: colloquially call an ST. So this particular car is celebrating
• 27:16
  Speaker 2: the sts from the sixties that were really fast and
• 27:19
  Speaker 2: that people raced. You know, it has just over five
• 27:22
  Speaker 2: hundred horsepower. It's not like the most powerful car.
• 27:25
  Speaker 1: But it is naturally aspirated.
• 27:27
  Speaker 2: Exactly great point and it's just sort of a beautiful
• 27:30
  Speaker 2: throwback celebration of the heritage. The guys who are really
• 27:34
  Speaker 2: into the long lineage of Porsche racing will really like it.
• 27:38
  Speaker 2: It's a limited edition. I think it's limited to under
• 27:41
  Speaker 2: a thousand, so it should be really special. I'm looking
• 27:43
  Speaker 2: forward to driving it.
• 27:44
  Speaker 1: So it's like a nine to eleven R but maybe
• 27:47
  Speaker 1: even better because it's going to have the newest technology,
• 27:51
  Speaker 1: but they can make you not notice that, which I
• 27:53
  Speaker 1: think is the point of the r and the point
• 27:55
  Speaker 1: of this as well.
• 27:56
  Speaker 2: I feel like I've seen on Instagram you've been really
• 27:59
  Speaker 2: have watching some motorcycle races.
• 28:02
  Speaker 1: Ah yeah, I do want to talk about motorcycles for
• 28:04
  Speaker 1: a minute, even though a lot of car people don't care.
• 28:07
  Speaker 1: The season of MotoGP ended while my wife and I
• 28:10
  Speaker 1: were having a baby in the hospital. I brought my iPad.
• 28:14
  Speaker 1: I have MotoGP dot com, so we watched on Saturday
• 28:18
  Speaker 1: before her delivery, we watched the sprint race, and then
• 28:21
  Speaker 1: on Sunday, after we had the baby, we watched the
• 28:24
  Speaker 1: race race and Dukati won again. Peko Banyaya defended his championship.
• 28:31
  Speaker 1: It was very cool. But the most exciting thing about
• 28:33
  Speaker 1: motor GP is this new season kicked off on Tuesday
• 28:37
  Speaker 1: with testing and Mark Marquez, who is one of, if
• 28:41
  Speaker 1: not the greatest motorcycle race driver of all time, quit
• 28:45
  Speaker 1: Honda where he'd been forever and has twitched to Gerzini Dukati.
• 28:49
  Speaker 1: So he got on a Dukati on Tuesday and was
• 28:51
  Speaker 1: one of the fastest riders on track. Wow on his
• 28:54
  Speaker 1: first day. Wow, it's gonna be awesome.
• 28:57
  Speaker 3: What a talent, What a talent?
• 28:59
  Speaker 1: No one cares about that. Also, O katm is putting
• 29:02
  Speaker 1: out a new thirteen hundred and fifty cc version of
• 29:04
  Speaker 1: the super Duke. It's called the thirteen ninety which annoys
• 29:07
  Speaker 1: the hell out of me. Why because it's thirteen hundred
• 29:11
  Speaker 1: and fifty ccs, why is it called a thirteen ninety eight.
• 29:15
  Speaker 1: Ducatti does this too. It annoys me that when the
• 29:18
  Speaker 1: nomenclature should fit with the motor, and in the past,
• 29:22
  Speaker 1: right with Ferraris and with BMW's, you could always tell
• 29:27
  Speaker 1: what the motor was by the nomenclature, and they've all
• 29:30
  Speaker 1: broken away from that.
• 29:31
  Speaker 2: It would be nice if they would help us remember
• 29:34
  Speaker 2: what we're talking about.
• 29:35
  Speaker 3: Just make it easy on us.
• 29:36
  Speaker 2: If you know to your point it's exactly right, Just
• 29:39
  Speaker 2: say what the engine is and the name or whatever
• 29:42
  Speaker 2: so I can remember it easier.
• 29:44
  Speaker 1: All right, Well, yeah, I'm excited about those things, but
• 29:48
  Speaker 1: really looking forward to your nine to eleven test drive.
• 29:50
  Speaker 1: I'll be watching your Instagram account, Hannah May pictures of
• 29:54
  Speaker 1: the car. What is your Instagram account?
• 29:56
  Speaker 2: It's Hannah Elliott XO. That's Hannah with a Elliott with.
• 30:01
  Speaker 1: Two l's, two teas, but only one XO on the end.
• 30:03
  Speaker 3: The only one exo. That's all it takes, all right.
• 30:06
  Speaker 1: Mine is Matt Miller in nineteen seventy three, across every
• 30:09
  Speaker 1: kind of social media platform, but I barely pay attention
• 30:11
  Speaker 1: because I'm a dad and I'm usually changing diapers or
• 30:14
  Speaker 1: just hanging out in the garage trying to escape from
• 30:16
  Speaker 1: my fatherly duties. We can be heard on Apple, on Spotify,
• 30:22
  Speaker 1: or any place you download your podcast. Every Saturday morning
• 30:26
  Speaker 1: we drop a new edition of Hot Pursuit, so tune
• 30:29
  Speaker 1: in next time.
• 30:30
  Speaker 2: I'm Matt Miller, and I'm Hannah Elliott, and this is
• 30:33
  Speaker 2: Bloomberg