If it's got a steering wheel, four wheels and an engine, you can learn about it here. Listen to the latest on the vehicle industry, hotrod reviews, classic automobile news and more, aired on talk radio shows and podcasts.
A highlight from #2157: Stop in the Name of Love
"San Diego, California. San Diego. Yeah. So how can we help you with this hand? Well, I'm having more of a problem with my husband. I don't know if you can fix him. No, but we won't be able to fix the problem. We're great at this, Suzanne. Okay. What it is is we both have stick shift cars and we do a lot of city driving and my husband believes that in stop and go traffic, one should slow down by taking the car out of gear, which is usually like fourth or third gear and you put it into neutral and uses the brake to slow down. Uh oh. Okay. And I say that stick shifts are meant to be used and that one should downshift in order to slow down and my husband says that this works out the clutch and I say that he's wearing off the brake and I've never heard you guys address this before and I'm wondering what you would recommend. I was wearing out the cards. What kind of a fire bird you drive? Suzanne. They both drive Japanese cars. I guarantee you. Yeah. Honda civics. What kind of a car do you have? Yeah, I have an 87 Mitsubishi pickup. Yeah. And he? 1990 Honda. Zach, 'cause I could smell Hong Kong all over the place yet. All right. So this is your on your side, 89.7% of people in California and Japanese cars anyway. Statistics are not on her side. Your side. It's not like 20% of all the people who own cars on Japanese cars. On California. Not in California. No, not in California. What? What's your husband's name? David. David. Well, I'm going to say wait a minute. Don't put your foot in your mouth here. How tight is your relationship with David? I mean, they're married. I mean, you're married, but is the marriage on solid ground? I mean, is it tenuous? If we're gonna put a wedge between the two of you. I don't want it to happen. No, no, it's been ten years. It's been ten years. And you still love the guy. Oh yes. And if he were right about this, I mean, would he always say Yang, yin yin Yang to you or vice versa? Oh, he might not hear what you guys think. What is the vice versa? Well, it turns out Suzanne, you're both wrong. Okay, so we don't have any Jeff to drive any wedges. Yeah. What you do is wrong. Is more wronger. More wronger than what he. You don't, you downshift to slow down. Which you really shouldn't do. By the way, your analysis is right. Both of your analyses are correct. He is wearing out the brakes that's absolutely true. And you are wearing out the clutch, that's absolutely true. But the truth of the matter is the clutch costs more than the brakes. Yeah. Like that. Let's say you're driving along at 30 miles an hour. And you're going to slow down, you're on a city street. Yeah. Okay, what would you do? You're in third gear. Right. You're gonna step in the clutch and you're gonna downshift in a second. You wouldn't step in downshift in the first two, would you? No, I don't usually I would never go into first. This usually just third to second. What about if you were in fourth, would you go from third to second? Yes. Yeah. Yeah. So see, you're using the clutch twice there. And you really don't have to. Because I mean, the car's gonna stop. I says that dejection and your voice. What's your first call? You are kind of bubbly and up and the right thing is to really lay into your husband, but now I sense that. I don't see any I don't sense any feeling of animosity here. I don't think Susan. She just hung up on us. I don't think she's trying to get even with her husband for anything. But I was using a stick shift like you're supposed to and I don't rev the engine. Well, it is a common misconception, but the truth of the matter is the only real reason for downshifting is to make you feel good. No, well, there aren't there are times when it's beneficial. But not on a flat level city street. There's no good reason for downshifting under normal circumstances, except to make you feel like you're not useless. I mean, what's happened throughout the decades here is people have nothing to do because they put their car into drive and they drive and they get bored. You see people doing their nails combing their hair. And that's the reason brother dear. I have to explain everything to my brother. That the Buick Park Avenue has 14 buttons for the heat. But the reason that they're on my fecal roster of their ergonomics is you have to look at every one of those buttons in order to figure out what to do, but when you unconsciously when you're not there, you have forcing people to take their eyes off the road is unconscionable. Well, what about in a sports car? I mean, don't sports car drivers down. Yes, because they're the ones who want to feel the most needed. They want to get into the whole driving experience. That doesn't mean it's the right thing to do as far as the car is concerned, though. Checked out. No, don't bother. You know, when you drive a sports car, too, it makes you feel good to do them. Why else would you buy a sports car with a 5 speed shifter?
A highlight from The Auto Zillionaire Who Escaped Japan In A Box
"Try new Christopher mild to moderate eczema. It works at and below the skin surface and can be used on almost everybody, like on the dimples of a diva. Yeah, yeah, where would you vote? Yeah. Well, you both. Or the shoulders of a chef. Look, mom, I made jelly beans on toast. Steroid for you Chris oaks at and below the skin's surface. It blocks piggy for enzymes, which is believed to reduce inflammation, even on the wrist of a rebel. What did you do to your hair? What? The specific way you Christa works is not well defined. Prescription you Christ for mild to moderate eczema is for topical use only in ages three months and up. Do not use if you are allergic to you Christa, Chris aboro ointment 2% or its ingredients, allergic reactions, including hives itching swelling and redness may occur at or near the application site. The most common side effect is application site pain, such as burning or stinging. Come on, moms and dads. Check out you Chris a dot com. And ask your doctor about you, Chris. Can I sing more and more song? This holiday season, you could run around to 5 different stores looking for toys for the kids on your list, or you can get the brands they love for less at Dollar General. Find Christmas morning favorites like Fisher price, LEGO, Disney, hot wheels and LOL surprise, plus everything you need to wrap them up too. So running around like a maniac, or grabbing it all at once. I think you know what to do. Stop by your neighborhood, DG. And let's make gift crabs happen. On a cold December night in 2019, the now infamous Carlos ghosn left his Tokyo apartment around 6 30 p.m. and joined two men at a nearby hotel. The three men took a bullet train from shinagawa to Osaka and arrived at a hotel near the kansai international airport just after 8 p.m.. VR is later, two men left the hotel, carrying several large containers, including an audio equipment box that was later determined to be too big to fit inside the x-ray machine at kansai airport. The two men boarded a bombardier global express private jet, took off at 1110 p.m., heading towards Turkey. Within an hour of the plane landing, a separate private jet took off for Beirut. And then, Carlos ghosn, a former Titan of global car industry was free. But why did it go down like this? Forbes once called ghosn, the hardest working man in the brutally competitive global car business. Japanese referred to him as 7 11, because he would work very hard from early in the morning till late at night. There was even a popular manga comic about his life, and his face had been printed on both Lebanese potion stamps and Japanese restaurant bento boxes. So how did a man nicknamed mister fix it and list it as one of fortune's top ten most powerful international business leaders end up on the run from the law? Today on past gas, it's the epic rise and fall. Of Carlos ghosn. Past ass podcast is not yours. It's not about ports. I wish I had a Tokyo apartment. Yeah. What would you put in it? My butt, your butt in the couch, just a lawn chair. What are those like kneeling chairs? You remember those weird kneeling chase chairs from the 90s where you're leaning forward? Oh, yeah. I'm glad that didn't catch on because that sounds awful. Yeah. I'd heard my knees for sure. They had spikes on them. Oh, do people still turn their chair around backwards in like a bid to look like a bad boy? Speaking of bad boys, I'm recording at the donut studio today. And the vibes around here are surreal. We have ten ten Vin Diesel lookalikes of varying authenticity. In the office today, by the time this podcast airs, this will already have happened, but we're doing a live event next week with ten Vin Diesel look likes. Two of them look a lot like Vin Diesel. 8 of them don't. But they're all bald. One of them is 70, must be 7. I mean like three vin diesels would be funny, but I can't even imagine ten. Well, it's funny. It's funny you say that joke because we started with three, like we were like, that was the joke I pitched, was like, all right, and now here's three Vin Diesel Singh family 100 times. That's a funny bit. And then over the last two weeks during while we were developing this thing, it became ten Vin Diesel's and now the title of the live show is we hired ten vin diesels and the whole thing is about Vin Diesel, basically. You should get them to flip a car over. Do we have them fit the Jetta? Yeah. Yes. Do we have a forklift yet? No. Keep an eye on the old one, because we don't want to have him get a hernia or anything like that. Yeah, that would be bad press. Yeah, it would be bad. Welcome to past gas, everybody. This is not a Vin Diesel show. Every show is in diesel. So I wish it was. I do wish it was. A man is returned to the franchise brother. I'm your host Nolan Sykes, joined as always, by my two co hosts. We got James pumphrey. Maybe maybe two, two. And then we got Joe Weber, Joe's back from Ireland. I'm back. Guys, I'm calling upon wink wink nation to keep it juice today because I'm very low on energy. I am jet lagged as hell. I've been up since three in the morning because I couldn't sleep. So I call upon you to harness the energy of wink wink nation and funnel it into me. Yeah, we need a captain planet Joe today. Yeah, I'm like immortan Joe of this nation. I heard you got diarrhea in a castle. Yeah. I won't dwell on that though. I'll talk about the cool stuff. The Irish car scene is cool as hell. There's a ton of AE 86s and I saw you know how your driver on Los Angeles and see like takeover spots in the middle of an intersection with just donut marks. There was like the smaller version of that because the roads are so small, but I did go on like the equivalent of an Irish two gay. Which was just this tiny little mountain road and I saw some one had been drifting on it and I was like, dad. I'm tiny little mountain road. Let's go to the tug. The tiny little mountain room. That's awesome, man. I love Irish people, and I'm counting in the days till I can go back. I'm pretty sure I'm Irish. Oh, I bet you got some menu. Yeah, because I'm so red. And I love whisky. My accent is just like built in. Like, you know, it's so authentic. A tiny little mountain root. We are entry into the accent. Because obviously we were doing bits the whole time was traveling with some comedians. We did the accent a fair bit and our entry into it when you're like, can't remember how to do it is ego tea tatar. That's all you gotta do and then you're in it. Tea totor.
A highlight from #2156: Son of Oinga Boinga Boinga
"Hello and welcome to NPR's car talk with us click and click the tap and brothers in. We're broadcasting this week again, or again this week. I don't know. How do you know that? Tough to play that F minor chord there. Yeah, well anyway, we're broadcasting from the sock hop contest wing. We kind of talk Plaza. We have set up an entire wing and a prayer. And if you have enough of the car talk sock hop contest yet, and that's a mouthful. We'll tell you how to do that in just a minute or two, won't we? Yeah. But before we get into that and before Thomas starts reading his mail, we had a call a few weeks ago from a woman who had a Toyota and her a woman Daria from Baltimore, how well I remember it. Is that who you're going to talk about? What was your question? Not going to bring up one good boy and the boy guy. Ah, yes. Boying a boy a boy. She said that when she came to a stop and the car was at rest. She would hear this one good bunga bunga bunga bunga noise. And she what she stumped the chumps. No, she did. With these, I remember repeatedly saying I'm going to hoping. Try to get yourself into it. You know, do make something happen. Exactly. But nothing did because there were no neurons to be triggered up there. In alas, I forgot all about it. I mean. And the lack. It's just drifted away like everything else. It was like yesterday's lunch. I mean, you forget about these things. However, we got hundreds of letters hundreds. Do the magic of the postal service, we received four or 5000 letters about boing going from evidently Toyota owners who said the noise is coming from the antenna. And these cars, which runs into the a pillar, that is the pillar that you would wrap you off four fingers around if you had your elbow sitting on the open window sill. And your elbow and your forearm and a 45° angle to the door. Right. That's the piece with a windshield meets where the rubber meets the road. That's the a pillar. And that's where the antenna gets hidden except that in this car, I guess if the thing is loose, what happens is when the antenna is partly sticking out and partly sticking in, you hear the antenna whacking away inside the a pillar and it makes the familiar sound of boing Ganga boying up. Two ways. I read all the mail. You don't read anything. But there are two ways it can make the noise. Evidently, if it's sticking up too high in some cases, the part sticking up, in fact, boing of boingers. Can you can you make a verb out of buying a bonger? It bling a blinkers? Sure, why not? And sometimes when you push it down, it buoys a boing as inside the pillar. And so you've got to find that right position otherwise. Tenuate the signal from the bungalow and going one 803 three two 9 two 8 7. We ready for call. We will go down in history as the chumps who were stumped by the boy in the boy. Hello, you're on carrot talk. You, car guys. Hi, who this. Hi, this is Dayton calling from bisbee, Arizona. You're not calling from Ohio? No. Bisbee, Arizona. We're pray tell us bisbee. Oh, it's kind of on the far edge of the fringe of the middle of nowhere. Yeah. Oh, okay, right. Dunk. Right next to wickenburg. Two hours, southeast of Tucson. Okay. Got it. Okay, that was Mexico. What brings you to us Dayton? I come to you because I have a 1986 Subaru wagon and I think my car is a tragic victim of wacky speedometer syndrome. Okay. Yeah, got it. Basically, what happens is, you know, I put my foot on the gas and I go down the street and my speedometer just kind of sits at zero for maybe a minute or so and then it perched up and we'll hit 15, 25, whatever. Conversely, when I slow down from 65, which isn't easy to even attain in a Subaru. Certainly isn't. And how do you know you're really going 65? Who knows? Only the police. You know, it feels like 65. Yeah, it's 30. Anyway, you know what I'm slowing down. It can take maybe two minutes before it settles back down to 50 or whatever. And also in the 35 to 45 mile an hour range, the needle kind of vibrates like a Geiger counter, like in the science fiction movie. Yeah. Of course. We're getting closer to the monster. Yeah, I got it. So the question is, what do I do? Okay, and I have the answer that everybody wants to hear. The right answer? You do nothing to nothing why? Nothing. Nothing. Yeah. Why? Because everything. Well, you'd be surprised at the power of nothingness sometimes. Isn't that a zen thought? Yes. Be surprised. I mean, too many times were too anxious to do something. And I think this is one of those cases where doing nothing might be the best strategy. Now, you have to fix this immediately. Otherwise you're gonna get a speeding ticket and you're gonna lose. What, this is a sober, we can't get it. I can't go faster than the speed limit. Sure we can. I mean, what you really need to do is replace the speedometer cable, but trust me on this Dayton. Do nothing. Because this is one of the few things in the car that can fix itself. Well, the reason the main reason I wanted to ask this now is because I'm due for my 60,000 mile maintenance. And I was wondering if I should go in there and say, well, you're at it, do this. No. Yes, what? Dayton, I'll turn off my brother's microphone. So the voice of reason. Uninterrupted. Often we are asked by people, what is the difference between people and cars? Old master. That's the difference between people. And our answer mostly is people can fix themselves and cars can't. Which is why you just mind your own business and finger gets better. It's helping being fixed. However, this is one of the few cases where the speedometer will fix itself. Let's do a test Dayton, bring it in for the
A highlight from Lawman Mustang Update + LA Auto Show
"I'm at the exact same place. I've done the podcast for God knows how. Well, I was talking about the scenery, but I'm gonna do that when the garage. When the garage is Bill, right? Then the garage is built. Welcome guys, glad to have you here. We're just coming off of I don't want to say LA auto show, but the press week for LA auto show so we can share the news and if you're listening to this and you're in LA or near and you want to go to the LA auto show, you can see some of this stuff. But let me just hit this real quick. The PRI show, performance racing industry. I've never been to that event. It's owned by sema. It wasn't always it's owned by sema and it is the more hardcore racing version of the sema show. It's an Indy coming up. I think December 10th and 11th or 9th tenth and 11th. And I will be out there with Chris and we're going to be doing a couple of interviews and I believe we are doing a live car cast to show from that event. I'm excited about going to PRI to check it out. I'm not excited about the weather, but it should be, it should be. Yeah, it's going to be, I don't know. It's ridiculously cold. I don't even know what layers and whatever. Just I'll just figure it out. I'm just going to run there and run back. But it should be a good show. We've got some cool interviews and stuff. I will start posting up on social media, the exact time and location. But I believe it's going to be Friday, ten a.m. local time. On the main stage wherever that is, we're going to be doing something there. So quite a bit. Yeah. They just said, you may have a main stage. We're going to be doing something. And I was like, we were going to be doing car cast live. And come out and say hi. It's too cold for Bill. It's too far for Adam. So I gotta go on my own. Too cold for me. It's not in my skill. I mean, I love to go. I've never been either, and I've absolutely loved it. Anyway, so we're going to get into some of the auto show stuff as well. There's been some cool stuff, mostly Alice here gets invited to way more shit than we do. But there was a few things. However, Marcus angel debuted your lawman Mustang at the big show, muscle car and Corvette nationals. I don't know what the acronym is, but there's a whole bunch of letters emcee, a and C something or other. And that goes over, I know how to say. Okay, what is the show? What was it? Muscle car and Corvette Nash. Okay. The car looked fantastic. Obviously, Marcus has been working on it for a long time. Nobody better. It's just amazing. It seemed to really get attention. It was front and center. People sent me photos. I'm sure people had DMed you photos and stuff. Marcus posted some stuff or a good friend Courtney Hansen was there. I think she did a feature like a film or an IG video or something around it as well. I saw that she sat in the car, which is always lovely, and then my first thought was, did she sit in it before you then I realized it did stop at your home first and you guys did a video on it before it went out. But I know there was like hang ups on stuff and I was like, oh, I don't know if it was gonna make it to you first, but it did. It did make it to you first. Yeah, and we didn't know if it was going to make it to that show. I mean, we had raised the yeah, it was a debacle. But let's just say that at the end, we pulled together Marcus was kind enough to fly out and take care of it from delivery to load in back home, but you know, if you're ever going to do what we did with that car, which is spend an unbelievable amount of money just to make it right again. That car deserves to go out to the public. You know that I've never really taken that thing out. I mean, I did a reunion with Alex train in the car and the kid who designed the second gen Mustang, you know, years and years ago, but after the restoration, this was the show that they should go to. We pulled it together and it was successful, man. It was cool to get it out there to the public a lot of great stories. A lot of great photos. And it was a hell of a show from what I saw. It was, it was fantastic. If you guys want to go and read about the story of this, I think Marcus has a website that he built it's lawman Mustang dot com. Alistair if you haven't seen this thing, there's a storied history of this dating back. It was a supercharged, big out of the hood, supercharger, boss four 29 that was used as sort of a motivational piece for our military. It was on tour and it was kind of showing off and just an incredible story about it. Bill has owned it for years. I think bought it at auction, right? You bought an auction. It was wrestling in Japan, I bought it over the phone with bob Johnson at Barrett Jackson from the gas monkeys. That's right. Just love. I just love a car with a story behind it. He looks awesome, Bill. He's just looking at the pictures now. It looks fantastic. Can you see anything through the windshield? Yeah, it's supposed to. You can see the big blower. You can't see to the right at all. You can see a little bit in front of you, but it is, it is a drag race vehicle. It's made to just kind of go down a straight line. But it just, it just makes an incredible amount of noise. And so Marcus who restored it, working with Bill, the time was in getting the history right. Researching all of the old photos and stories. He traveled all around the world. I think he went to Italy, all kinds of places. I'd say the way the world for sure. Yeah, he definitely traveled the world to get to get the story of this thing. And to collect some of the original parts, he told the story about trying to I think he and his wife went somewhere here. I think they're in Arizona. They might have went to like Portland or Seattle kind of area to pick up cylinder heads. And he didn't trust the airline to put them in bags. So he carried them on the plane. They had to go through they had to go through the check and then he put them in the overhead overhead compartment and the whole time he's like, I hope that they doesn't fall through. It'll take us out for sure. But yeah, he brought a that's Marcus, though, when you're talking about him coming out and getting the car bringing it to the show, his doesn't really want it out of his hands. Well, yeah, I mean, he's got the thing at his location for so long and he's performing surgery on it so deep that, you know, every one of these are a family member of his. You know, he puts he puts a lot of time in a lot of effort and a lot of his passion into, you know, that's what he does. There's no one that could represent the car better than he and I and Al you know, God rest his soul. But I wasn't available and he was nice enough to travel with the vehicle. Everything has been research and restored down to the factory like chalk marks and markers slashes. As parts get built on the differential or whatever, just down to every every little every inch has a story. The only thing that wasn't restored on it was the dash. There's a sticker on the dash. And the reason for the sticker on the dash is the covered up a burn mark when the dash caught on fire. And that was part of the story that I wanted to that I wanted to keep with the vehicle. I didn't want to restore that. Are you making a film Bill about this? You know they're really should be. They're truthfully should be. There's so much backstory, you know, from Atlas there. I took this thing when I lived in San Diego. I took it to camp Pendleton, the second command used to always call me when I get a lot of guys and girls were coming in from deployment. And so I would be in the parking lot and I'd meet the white buses when they'd come from the port and they'd be offloaded at Pendleton and a couple a couple times I actually met a
Apple Watch Executive Takes Over Secretive Car Project
"Apples always pushing the edge. And i thought apple kind of watched walked away from from cars but the apple watch executive is taking over secretive car project now. Just two days before hideaway. Doug field ahead of apple secretive car project that tech china's tap apple watch exact former adobe. Co kevin lynch to take his place so in the latest changing of the guard for the project known as project titan which is rotated leaders about as much as reporting shifted focused They replace individual so he's been working on this since july when he was brought in to help develop the vehicle software. He's been with apple since two thousand thirteen. Curiously bloomberg rights at lynch still reports to apple's cheap chief operating officer jeff williams and not to john daria the company's head of ai. So we'll keep a watch on what's apple doing anything apple build some apple bands will
GM, Ford Halt Some Production as Chip Shortage Worsens
"The global shortage of computer chips is getting worse and that's prompting automakers to temporarily shut down factories General Motors says it will pause production at eight north American plants during the next two weeks including two that make the company's top selling Chevy Silverado pickup meanwhile Ford will stop making pickups at its Kansas city assembly plant for the next two weeks and cut shifts it to more truck plants in Dearborn Michigan and Louisville Kentucky industry analysts say the delta variant of the corona virus he said employees at chip factories in Southeast Asia hard and that's for some of those plans to close or sending a chip shortage that had been starting to improve the cuts will compound an already short supply of new cars trucks and SUVs which has pushed prices to record levels I'm Ben Thomas
Edmunds: Vehicle Prices Remain High This Labor Day Weekend
"If you were planning to go car shopping this Labor Day weekend don't expect to see the big markdowns you would have seen in years past the pandemic is made this another far from normal year when it comes to car buying usually dealers discount their inventory to make room for next year's models but because of a shortage of computer chips new vehicle inventories about a third of what it should be and Jessica Caldwell with admins says that lack of inventory means higher prices new vehicles are averaging forty two thousand three hundred dollars that's nearly nine percent higher than last year and used cars high in demand cost about twenty seven percent more than last year averaging twenty six thousand four hundred dollars hi Jackie Quinn
Ford Cuts F-150 Pickup Production Again Due to Chip Shortage
"Four chairs on the move today after the automaker announced production cuts due to the ongoing chip shortage crisis. Philip got the details from chicago hotel. Melissa the announced this late in the day and it essentially is gonna hit the big profit maker for four the f. one fifty because of the shortage the company will be idling the plant in kansas city where they build the f. one fifty. It's already been shut down this week and last week. They're also going to shut it down next week. And they're also going to be reducing the number of shifts at the f. One fifty plant in dearborn michigan dropping. That down to one shift next week again because of the shortage of chips that is limiting their ability when it comes to production. We'll get ford august sales numbers tomorrow. In terms of industry sales in august. We knew it would be rough and the numbers are finally in. According to motor intelligent the sales rate for the month of august with thirteen point one million vehicles again. that was basically what people were expecting. And that is well below what we saw. These are the annual numbers back. In april it was eighteen point five million. So we're seeing the fall off here because of the limited supply take a look at toyota hyundai honda. All of them reported lower sales in the month of august due to the restricted supply. And then you've got gm and still lantis and the reason we're showing you. These guys is because they don't report their monthly auto sales but both of them have had to cut their production of pickup trucks again. The profit drivers for those two companies in north america. If there is any group though that is for the most part withstanding the shortage of vehicles mainly because they can also take used vehicles. It's the auto dealers we're talking about auto nation group one penske all of them and it's not just these guys look almost all of the auto dealer stocks because of the used market being so strong and because what they are doing when it comes to new vehicles and the high transaction prices. Melissa spin a heck of a year for the auto dealer
GM to Add AT&T's 5G Connectivity to Vehicles Starting in 2023
"General Motors is going to sell vehicles with five g sell your contact selling the cellular connectivity. There we go. Provided by AT and T starting in 2023, the higher speed network is expected to enable greater connectivity for in vehicle systems. Such as infotainment, navigation and software UPDATES. GM says it expects five G to be in the millions of its vehicles in the next
Time to Get Serious About Automotive Tech Shortage With Tony Foon
"Hartono walk to the show great to have you on. We really appreciate you joining us. Maybe just to kick things off. Can you just tell us briefly little bit about tidy. And what's your background is sean. I'm forty one years in the industry in the mode industry sort from apprentice back in one thousand nine hundred seventy nine with three every festival business from apprentice. Right up until general says major running dealerships and multi franchises was born in south africa candidate for ten years and i came to a straight into sales. People you've been here for roughly twenty one years. What i do now is on facilitator. A coach consultant and also just published a book called the honest service management. So just thought to myself with a forty one years experience on payback and let people love the mistakes are make you wanna make the same mistakes you go for it but it's to show people that there is a bit away and sometimes anymore way away this another way that's a nutshell trying to push you. Millions weightiest see the current state of play with regards to service technicians. You've come up from the floor so you've started as as tech. Where do you see the state. Apply with technicians and the skills you compete technicians to twenty years twenty. Five years ago it was basically a career. No people would speak for myself. you know. I saw it was apprentice wind through Monster status and then was able to travel in become foreman and For me it was age career more than a job i think. The technicians do comparison today between you know twenty years ago and now it's more of a job you know it doesn't pay what does pay all we know. I'm gonna make a career out of it. It's it's just a job. Basically at the at the another dice out looking into the generation to. I think that's a big part because you know myself coming back Just listening you do. What as you told but today it's a different story. It's the way the kids actually spotted wing. We were out on. Not sure and asking more questions as we ask.
Senators Want FTC Enforcement on Autopilot
"Aren't so pretty. Nice day for tesla stock today shaking off some of the red from earlier this week. Finishing up three and a half percent to six hundred eighty dollars ninety nine cents comparatively. The nasdaq was down nine. Tenths of a percent most of that drop happening in the last hour. Two hours of trading after the fed minutes came out so the minutes from the federal reserve's meeting today indicating that they are considering tapering off their monthly asset purchases sometime in the near term but obviously those things can and often do change so the market reacting to that towards the end of trading and tesla got pulled down a bit as well so pretty strong day for automakers just across the board today so we ejected on this yesterday but will check in again today probably for the last time this week but weekday performance so far tussles down about four percent a little bit less than four percent so far and actually now doing about a half a percent to full percentage point better than gm. Ford's atlanta's volkswagen and neo so despite all the coverage of the knits investigation. If you'd just slept through the first few days of the week which is actually not a bad strategy for an investor and you just looked at automaker performances we to date. You'd have no idea that there was investigation on tesla. And you'd probably say oh tesla's having a pretty good week relative to others so markets down today tesla up and that was despite reports that two. Us senators are currently urging the federal trade commission to open a probe into whether or not tesla used deceptive marketing practices involving drivers systems features which tesla of course calls autopilots and full. Self-driving that is per the wall street journal. They write quote in a letter to the head of the fdic. We con dated wednesday senators. Richard blumenthal of connecticut and ed markey of massachusetts said they have serious concerns about how tesla advertises. Its advanced driver assistance features. Which don't enable vehicles to operate autonomously. They took aim chief executive elon. Musk for some of his comments and quote.
Goldman Sachs AI Day Expectations
"Robin our here. And today we're going to be talking about a couple of analysts. Updates one from goldman sachs about their expectations for a day. I think those are kind of helpful. Just to get a sense of what institutions are expecting for events like that then we've also got a bit of an update on that yuan. Musk source city. Trial some news out of china and a couple of stores as well bit of a tougher day for tesla again. Today though the stock did recover some in the afternoon ended up finishing down about three percent. Six hundred and sixty five dollars. Seventy one cents. The nasdaq was also down today. Nine tenths of a percent. So i know feels like a rough week for tesla. But it's been kind of a rough week for all automakers looking at a handful here you can see. Gm down six for instilling tests down about four and a half percent. Volkswagen in neo down seven percent expand down six percent average across the board of those down six percent so desolate spent a little bit worse. But not really all that much especially given the context of the nitsa investigation as the interest from that fades from earlier. this week. Everyone is going to be turning their attention to a idea of course scheduled for this thursday. It'll be five. Pm pacific time eight pm eastern time. I do believe tesla intends to livestream it. We don't have those details yet. But i think eli had previously said that they would though i can't find that tweet at the moment i'd be shocked if they didn't and also plan on live streaming as well so as i mentioned goldman sachs last night. Put out a note with their expectations for a day and in their introduction. They did note that this is going to be a purposeful recruiting event. So hopefully that stands from tesla has kind of cut through to most investors and. I think that really helps to keep expectations a lot. More realistic in terms of what was going to be talking about as goldman sachs. They expect hustle to talk about five key topics which they outlined in this note. I they say they expect us to discuss its. Ai neural net now strained. I would agree. That is something that we've heard tesla talk about both at autonomy day and then if you followed andrea carpathia presentations. He's talked a lot about those sort of
Police Cars, the Inside Story With Frank Melilli
"So frank welcome to the shark right too heavy on maybe just to kick things off. Can you tell us a little bit about yourself and a little bit of background to what you do. I worked for. The victorian government started to nine hundred seventy nine in the premiums department. I was in high char. The range of different strains with be recruiting alex graduate recruiting employment staffing practices discipline matters looting Records management went back to airing bring is when jeff kennett chemical public So we were looking at performance of departments against the is as planes to rod apps on the department heads performance as well as doing some public policy stuff. All right. the very first chunks of exhorted police not Of service a few things Machinery gamma giants waiting to treasury Ago i worked with in premiums asked me to come to police unaudited ena renton payroll system for a number of east in any event two thousand and one now go to ask lie on another color. If i were coming to fleet and much of that flight they said but we need somebody will be bad management south or the. Be the fun sorrow wanting to prison jogging now. Ifo truth as what it was exactly the sinai christine. Nixon standing batori police that it was a lot of reform happening me was a bit of a baptism because we just come out of a situation way two people died in the ever divisional which really say shockwaves through the in through our organization lodge really coming in static program of reform and to get out of the business of modifying vehicles a draw. Get the manufacturers. The games to work with us to develop proper police vehicles fit for purpose. Harasser transferred the risk of ass modifying vehicle onto
Senate Backs Limiting EV Tax Credits
"Everybody robin our here and they were talking about some news on the federal. Us tax credit. There's been a new introduction there in the senate then. We've got some news out of china and berlin i two quick scheduling update as i mentioned at the end of yesterday's episode. I will be traveling this week. So i'm planning on probably doing a livestream tomorrow and probably without much equipment so might just be me talking to you guys face to face and then i'll have to be off on friday. I i up here. Let's talk about what's going on with this. Ev credit so we know that yesterday the senate had passed the infrastructure bill that includes funding for charging stations that will go over to the house of representatives. But in the meantime the senate has been working on the three and a half trillion dollar budget plan which the democrats hoped pass along side the infrastructure bill so the senate has done today is passed a budget resolution by a vote of fifty to forty nine and this while also then move over to the house of representatives. The house is currently on recess but will be returning on august twenty third earlier than previously scheduled to work on this budget resolution. The best way to understand what the budget resolution is to think of it. As a blueprint or framework. This is not a bill. It's not something that eventually get signed into law but it does outline the eye level goals for the budget in terms of spending revenues deficits and allocation of the budget then also serves as a prerequisite for the reconciliation process which we've talked about a little bit in the past. We all need to go through all the details of that but basically it's about the democrats hope to be able to use to eventually get this budget through congress so this is one step along the way many steps remaining there will be a low here for a couple of weeks and will probably start to hear more when the house is back and session so i mentioned that there was news on the tax credit. That news is from this budget resolution. Which remember is just outlining the high level framework so nothing here is getting signed into law. This is really just a set. The agenda and there will be ongoing debate about what finally ends up in. The budget reconciliation process. Hopefully that provides enough context to set the stage here so bloomberg reporting via auto news. Here quote the. Us senate voted fifty-one to forty-eight for a nonbinding amendment to president joe biden's three and a half trillion dollar budget resolution aimed at limiting who can get a tax break for buying an electric car or truck. And which vehicles qualified
Heres Why Tesla Is so Important
"Everybody raum our here and today we're gonna be talking about a couple of really important reports. First tesla's most recent impact report which has a ton of fascinating details and it won't go through the highlights. There that release also coincided with a huge new report on climate change by the will spend some time on that as well and then we've got a few other quick hits of news which will run through at the beginning. Quick look at tesla stock another relatively low volume day to day to start the week off just under fifteen million shares traded but tussles up two point one percent on the day to seven hundred and thirteen dollars. Seventy six cents that compared to the nasdaq up about two tenths of a percent. Cosstalk did see an upgrade today from jeffries and almost philippa who schwa- upgrading from neutral to buy which as we've talked about upgrades like that where they're actually rewriting. The stock those are more significant to analysts than press targeted adjustments. But that being said he did increase his price. Target from seven hundred dollars per share up to eight hundred fifty. From the note quote valuing tesla is as challenging as ever we raise our discounted cash flow base price target from seven hundred dollars to eight hundred fifty dollars on higher profitability and accelerated growth. While at thirty five percent five year compound annual growth rate. we remain below tessa. Guidance of fifty percent as trend growth desa currently trades on nine times revenue and sixty two times earnings before interest and tax a level disconnected with auto multiples but in our view more consistent with net growth lack of legacy issues and wider addressable markets including energy generation and storage and one. Quick little note here. Just because i do see these inflated allot tesla has guided for greater than fifty percent growth compounded annually for vehicle deliveries. That doesn't necessarily mean revenue would grow at fifty percent. Plus obviously it very well could but that's not what tesla has specified so to me. It's not super clear but it does look like in this case. Jefferies is comparing their revenue forecasts tesla's vehicle delivery guidance and tennessee that a lot so just wanted to point that out next year. We've got an update on giga texas. From joe tag mayer. He does drawn flyovers there and remember last week. We had talked about him here. He that tussle was going to be doing a test. Production run for the mentawai next week. Which would not be this week
Delta Variant Knocks Out This Year's New York Auto Show
"One of the biggest auto shows in the country, is now off the 2021 New York in National automobile show has been cancelled as covid cases are rising in the delta variant spreads. The 121 year old show has now been canceled for the second straight year due to Covid a statement from the shows president said they were optimistic about being able to hold the exhibition in August. But with Covid 19 rates climbing, they decided to pull the plug A B C's Mark Remillard, her flight to
GM Confirms New Electric Truck and Van for Commercial Customers
"Part of General Motors commercial lineup in the years ahead. Speaking on the automakers earnings call today, CEO Mary Barra said jail will add a full size battery electric cargo van for Chevrolet, as well as a medium duty truck for service and utility vehicles such as school buses and bucket trucks with Both of those vehicles complementing bright drop. She didn't provide a timetable. GM shares today tumbled eight and three quarter percent. That was after the company's quarterly profit came in below expectations. That's your money now.
Automotive Predictions for New and Used Car Sales in Australia
"Maybe just to start off with. Can you give us. What do you think all the intimate going to have the biggest impact on the market this coming year and the volume for the market. Well this is a question. John because right now we seeing for the first time in as many months as far as this year's consent some movement in the exchange lost jae saw some walled swings in exchange but it settled at that made seventy. Us dollar price point for this try and dole out and around that sixty five euro in the last two months with the uncertainty around the recovery and the potential longer locked ends in sydney and the slowing of the australian economy notice buoyant as it was in cuba. One and q two of this year. What we're starting to see is the australian doll awaken. So that dollar is now pushing down towards the seventy three seventy two. Us sense and the euro is pushing down to toward sixty cents and potentially allow most people in this country look at shines right unless they're traveling advocacy so most people are very much oblivious to it but the exchange right as a significant. Bogey given that everytime this country is imported. Now we've had higher prices because of demand and supply prices up and there's been very little discounting from oem's and very little discounting from dealers so there's been good margins because it's been good demand but with potentially softening economy going forward the never ending bullish feelings that we've all had for. The last eight months may infect dissipate next year and what might be more of a concern is if the pay starts lifting interest rates and moving writes up will help the currency but the consent is that if you have. Us economy and global european economies coming out of covered and rebounding strongly with low interest rates and stronger. They more likely to move writes up. Ilia which will make the currency stronger and that will then is bad news for straying importers and ultimately customers because even though we might be traveling as we're still overseas products and products will start to continue to go up.
Tesla Teases AI Day and Partnership With Famed Roboticist
"Let's talk about this news on. Ai day overnight. We got this tweet from dr dennis. Hong who is a professor at ucla and the founding director of their robotics and mechanisms laboratory. Anyway he tweeted out. This photo of some beautifully rendered computer hardware. Sang tusla a day. August nineteen twenty twenty one at palo alto california five. Pm pd so we had a date now. Looks like we also have a time and a location for ai. And we're left to speculate on what this hardware is and why dr hung is tweeting this out. Dr hong certainly enjoyed stirring up that speculation. He's got a number of tweets. Replies here as well as likes on other tweets that have encouraged speculation. I would say one of his first replies since that original tweet was to question asking if the ucla lab was now associated with tesla and fasd. Aung san can't say anything just yet with a couple of playful emojis at it. Of course we've seen tesla partner with academic labs in the past for research. Great example of that on the battery fronts being with jeff. Don somebody brought that arrangement up and reply and harm replied to that saying dot dot dot or something else dot dot dot blowing a kiss emoji if we dig back a little bit further we can actually see that this tweet that does have this photo rendered in. It isn't the first time he's talked about his involvement with tesla. It does go back a few days prior. So i found this tweet from july twenty ninth and it's in korean but it doesn't include another post from hong. I believe on a different social media platform. That's also in korean. So i translated the immature. But you can see hong talking about the secret project that he's involved in with tesla. Apparently there was supposed to be an announcement scheduled for the twelfth of august and that he's finding out via twitter that it's delayed till the nineteenth referencing eons tweet where he announced the date for at
Auto Makers Warn Chip Shortage Will Continue to Affect Production
"The automakers are suffering from severe computer chip shortage. Even chips is cheap. Is like fifty cents or not available right now but a lot of them are used in cars. Lot of automakers are building cars minus final assembly. That involves these chips and parking them in big parking lots that they're renting or building so until the chip shortage eases. We're gonna have this severe shortage of rental cars in the united
BMW Reaps $5.7 Billion in Profit, Warns of Semiconductor Shortages
"Lots of car companies publishing their financial numbers this week. BMWs results are out. So Andrew, have they done? Well in April, May June last year, they lost money and April May June this year, they turned that loss of €212 million into a profit of nearly €5 billion. That's better than expected. And the company is also raising its outlook is saying that he thinks that the best of the rest of the year will probably be better. And then they previously thought, although they say there's a lot of volatility around, Uh and that's caused by things like prices of raw materials. They're going up an awful lot. At the moment. There's shortages is The as the the pandemic of draws to a close. Hopefully, there's a lot of people chasing not many materials, especially to fork and silicon chips, computer chips that are used increasingly in cars. It's probably worth watching companies like BMW, the premium end the You know the famous expensive brands. Because they've been very good at using things like computer chips to make expensive cars, so their profit margins are probably better than some of the the mass carmakers that
If You Like Teslas and Tech, VW Offers the ID.4 Pro
"Drive the I D for what did you think? You know? So I took it for a ride at the auto show, And I've driven a bunch of electric vehicles now, and I was really impressed with how comprehensive the I d four was in the way that it just is a regular car. You can get in and drive some of the electric vehicles. You get in and you're kind of like, Wait. What do I do? How do I do it? How do I make it Go? Is a man Is it off? What's going on? This one? Really, really simple. Just like your regular car. You get in, You push a button. You put it in drive and you go and even things like the infotainment system, which is very simple, very familiar with what you'd get in a conventional vehicle and from a driving standpoint, dynamically It feels a lot like the peak one in the way it drives. I mean, it's just it goes where you point it. It stops. Uh it rides pretty comfortably, but still with a little bit of euro flavor, So it doesn't kind of you know, Uh, hell over and turns like you might think a you know a crossover might In comparison. You know, the Maki was there as well. And so the when you get in the monkey, and I know, Jim, you've driven that to your kind of assaulted with, like I'm an electric vehicle. Look at all these gadgets. Look at all this stuff set the drive mode, you know, And no doubt the Maki is a lot more fun to drive. I will give it that. But I was just pleasantly surprised with how easy the I d four was to just Get in and go. I will say Mark came into the office after driving it and was very excitable about it. And he was telling everywhere Get out there and drive the I d four. It rise like every other car out there. It's really cool and Mark is not easily excitable. So let's just make note of that right now. Yeah, our guest. Mark Gillies from Volkswagen indicated that this idea for is probably going to be a good seller for Volkswagen. Alright,
Elon Musk Compensation and Other Hidden Details From Tesla's 10-Q Filing
"Everybody ravn our here and today. We're gonna be talking about some details from tests ten q quarterly filing with the sec. Obviously we've talked about earnings. We've talked about the earnings. Call the ten q filing always tends to have a little bit more information. There's always some hidden details in there. So i do want to spend a little bit of time going through some of those topics that i find interesting One of those being the ceo performance award That you can see up here so before we even get into that just a heads up. I am actually traveling today. This is recorded in advance. And i'll be traveling. Tomorrow's also thursday and friday We'll do this today. And then friday. We're going to have the long overdue part two of the james down interview And then we'll get back to any news on monday so if there is any news. That's happening right now. a promise to cover that back As soon as i get back On monday so that being said let's dive into some of the details here. This is the just overview of the co performance plan. This is nothing new people. Probably seen this already on anything to do with the ten q here Budget as a quick refresher. How elon musk's compensation plan works is that there are these twelve tranches that get vested as different milestones are achieved their split into two sections both marquette milestones and then operational milestones. So on the top half year we've got the market cap milestones. You can see that those peak at about six hundred and fifty billion dollars are exactly six fifty. So i think all those have been achieved. Essentially tesla's knocked that out. What they're still working on these operational milestones. So you can see that there are sixteen of them down here half of them being revenue half of them being ebitda. So if we flip over here. I'm gonna i pull up the key. One ten q so tesla's quarterly first-quarter filing and just show how those operational milestones were coming along at that point. I you can see tesla had fully achieved One two three four five six of these and marked another two of them as being probab- probable For full recognition. Eli needs to get twelve out of the sixteen here.
Jim Cramer & Rob Maurer Discuss Tesla's Q2 Earnings Results
"Famer here for special issue. The street live and talking all things. Tesla we've got tested daily host and tesla investor. Rodney our rob butcher skit. Right to it The earnings completely. Well it just say they obliterated yes the but the same time i have to ask you elect guy. Did on squawk on the street is somehow the magic lost. Because this wasn't good quarter. I mean i've got the same question for you jim. I'm sitting here. And i'm seeing the stock down to three tenths of a percents and i'm wondering the same thing. Tesla beat revenue by four percent. They beat earnings by more than fifty percents and the stock is down. So you know. I'm a little bit surprised honestly. Because i think tesla did crush it. Maybe some of the comments on the earnings call weren't what investors were looking for but Yeah i'm definitely super happy with the results personally. I think that when i saw the numbers they were terrific on the call I described the the com school as pedestrian knitting described manufacturing processes and he described guide the same thing that ford gm say which is supply chain issues semiconductor problems. Is it possible when he says that synagogue shortages this quite serious that it's actually maybe for the first time i'm hearing under promise. So maybe overdeliver if he gets those semiconductors i definitely think that's part of it. I also think you just want people to appreciate the challenges that the industry and tesla's dealing with right now And in light of those challenges just setting the results against those they're even more impressive I think probably to some extent. That's what he wants trying to get across. Obviously he you know doesn't necessarily word it in those terms He's not really about the short-term stock price but I think that's what he's getting at is just how difficult things have been and yet. How successful tesla's ben In that sort of backdrop
Fleet Accident and Claims Best Practice With Drew Schnehage
"On injury. Welcome to the great too heavy on. We appreciate you speaking to us this morning. Can you maybe just kick things off. Tell us a little bit about self and we fit in the industry. It could morning and thank you. Thank you for the opportunity yellow. A little bit about me. So i am from south africa. Could he to us in in the industry across mainly sort of block the insurance which was thought mockery. A think everybody says you fall into insurance audit so assorted obviously at a young age leaving school. And emma administrated joint almost actually of and as soon after that i became a director they moved onto an join a underwriting agency specializing in insurance product and i approached me to develop a product for them and in two thousand night. I got the opportunity to actually start learning business. It was cool. The crates underwriting. It managers in advance to grow. Needs with charlie. Oh innocent african market in it was the first of its of its kind tweet. We didn't have anything knockback. So i have a very strong focus on on building and strengthening relationships. Both internal and external people as our feet feed people that would be my energy quite an extrovert in terms of act. I think that was probably one of the most powerful in Enriching life experiences for me is to stick into that business. Obviously leading the teams are manning growing that. This is from ground up. That was that was quite hard. Creating the products and one of my passions was was creating new technologies Keen interest in innovating support of me. Is i am a creator and it invites us. So that was one of the i stem underwriting agencies that handwriting model so i was always cold it because it was aquarius underwriting. Advantages always called it. The it's the age of aquarius and stephen years. We we sold the business to to haul art which is obviously in south africa and they moved on to to help them develop some of their products and then it was i was head hunted through innovation group inside africa to to join them spent two years at innovation group in south africa and was a commercial director and we were dealing with. Oem's at mayo on service And warranty business. We had a big fleet try. Orders as government failure and then We have insurance
Reaction to Tesla's Q2 Earnings Report & Earnings Call
"We're here we just got tesla's cute cute. Twenty-one earnings report and shareholder letter and wow the results are phenomenal. I'm extremely impressed with what has been able to accomplish in the second quarter. Uh going to quickly go through. The financial results will look at a couple of takeaways from the shareholder letter as well and then we are going to segue into the earnings call. Afterwards of there'll be a different link for that down in the show notes but we'll get this out before then so right off the bat. Let's just look at some of the numbers here. Shift over to excel and we can see how tesla's actual compared to the analyst consensus as well as the numbers that was forecasting so deliveries. No surprise there came in right as we expected them to as they usually do automotive sales. tesla significant beat here versus what i was expecting in versus what analysts were expecting a three percent above my levels two percent above the analysts consensus that was driven by Better actual average selling prices because as you can see here regulatory credits which we talked about. In the preview i've consistently been forecasting those two high this time forecast them to her forecast tula previously. This time forecast them. too high. as at five hundred million deaths reported three hundred fifty four million meaning non automotive sales excluding regulatory credits was way way higher than what i had expected meaning average selling prices. Were much better than what. I had predicted Same thing here. With energy tussle beating my expectations by twenty six percent. Animals consensus by thirty nine percents Driven by just greater They say greater recognition of mega pack sales as quarter. Scroll down here. We can see that. A tesla over about one point three gigawatt hours of energy storage. A second highest ever. I and significantly up quarter over quarter about three times. What tesla did in key one. I'm quite a bit higher than my expectation as well as analyst consensus so that drove a beat on the energy line and then the service and other line that also came in ahead of analysts expectations. About right where i was. Forecasting it at So tesla delivering a pretty big beat about a four percent beat on the top line number there with about twelve billion dollars in revenue up ninety eight percent year over year
General Motors Issues Second Chevrolet Bolt EV Recall After Battery Fire
"General motors has issued a second recall for its all electric chevy bolt because of potential battery defect that can cause fires. Gm said investigation found manufacturing defects in a certain battery cell could cause the lithium ion batteries to ignite the car maker issued the initial recall last november owners of the two thousand seventeen through twenty nine nineteen model year bolts to install a software update to monitor the condition of the batteries but it has learned at least one car with the update experienced a battery fire. The gm recall underscores. The technical challenges car companies are facing as they raced to develop more plug in
An Inside Look at the Tesla Model S Plaid!
"Welcome back to the way for podcast. Where hosts a marquette's and i'm andrew and both you're watching the video version straight Is gonna look a little bit different because we're in different place if you're listening to the audio version is probably gonna sound a little different to get probably so. It's run car. We are in a car and today we're here in the new refreshed testimony the plaid version. And we're just gonna be talking about it in in our extended thoughts hopefully by now. Ideally the first impressions video is out working on that for a couple of days but obviously that's so produced and people have all these questions all these little things and this is your first time being in the car for an extended period of time like looking around it so I'm gonna try to answer as many questions about every little thing as i as i can. We are working on a review of the car later. I should make that clear. There is a much bigger full review of the model s. And kind of like all tesla's coming up in the next couple weeks but is a flagship current pretty exciting so we get to get to get into all the details of it. Where do you wanna start. Because you're in the front seat. In the francie adams between us in the back seat you might have questions to. So what do we what we want to start with. So they like does yolk in front of me but william anywhere. There's a little context here. I i dropped him off to pick this up on friday. And i basically opened the door and left because my theory was this week's podcast was going to be kind of like my raw impressions on. Were you've been driving now for a couple of days For much longer than most people drive in five days yet. I feel like i kind of did this. When i first got apollo. Actually immediately that weekend. I had a ultimate tournament in like southern new jersey. And the first thing. I did was taken on a big road trip so i really got to know the car and the same exact thing happened with this car. Where friday picked up the car Saturday had a deal frisbee game in boston earlier. We're supposed to got rained out but nevertheless immediately got in this car and drove it three hundred miles to boston and three hundred miles back in the same day so right off the bat i get i get everything i get supercharging. I get parking. I get driving highway. I get yoke. I get like the full in-depth for russians
Elon Musk Denies Pump and Dump Bitcoin Strategy
"Everybody robin our here. And today we're gonna be talking a little bit about elon. Must appearance at the b word conferences. Discussion with kathy would and jack dorsey about bitcoin. But a couple of mentions of spacex and tesla in there. Then we've got some financial news. Tesla reportedly planning to redeem some of their previously issued bonds. Early we'll talk about the details there. Plus tesla has sold off some assets from the maximum technologies acquisition of also got an update on the full self-driving subscription of change that tesla's made there and a couple other items. I up quick look of stock tesla finishing down zero point eight percent on the day to day to six hundred fifty five dollars. Twenty nine cents. That did drill. The nasdaq which finished up nine. Tenths of a percent today. All right we'll start off with elon musk's appearance at the b word conference. This was about an hour and ten minutes or so discussion with kathy would inject dorsey as i mentioned. Obviously this was mostly focused on bitcoin. But ilan did bring up tesla a few times from the discussion over all just clear. That tesla is still holding. Its bitcoin position and there was a decent amount of time spent on the environmental costs of bitcoin and discussion around that along basically reiterating what he had said previously that one tesla decided to stop accepting bitcoin as a payment option. It was because they had seen what they thought appeared to be. A spike. in non-renewable energy dirty energy being used mind bitcoin which also coincided with the big price increase in bitcoin and that can incentivize some of that poor behavior basically as yulon put it. There wouldn't be a way to get renewable energy sources up and running as quickly as would have been needed for that spike in demand of mining. But that would be a lot quicker to fire up coleman so ill on just kind of expressing a little bit more context around tussles decision there. He's received a lot of criticism from the bitcoin community. Since then and of course some of the other comments he made on twitter have exacerbated that i would say but he pretty clear in this interview that he is a supporter of bitcoin. And that win. It looks like bitcoin is on a path to fifty percent or greater renewable energy and terms of mining that tussle would start to accept bitcoin as a payment option again.
Tesla Shares Realistic Update on Semi Rollout
"All right so. Let's take a look at this tesla semi report. This is from electric this morning. Headline reads tesla semi truck is finally about to go into production just for a couple items of context here. The last official communication we got from tesla on the semi was in q. Earnings report back in late. April tesla said that tesla semi deliveries will also begin in twenty twenty one. So that's the last. We've heard from tesla but electric also reported in march that tussle was building a production line for the semi at gigi. Nevada intending to produce about five semis per week by the end of the year. Now tesla hasn't officially disclosed where they are going to produce the semi in volume at on their latest annual capacity update and the earnings report. Also they said that the semi location is still tvd but the prevailing thought seems to be that it will start at giga nevada with this early stage production the learn from that and then eventually make the semi in texas anyway back to the electric report. The new information here is that quote now sources familiar with the matter. Total electric that the drive axle production line is ready and the general assembly line is going through. Its final debugging before starting production and quote so. That's a nice update to here on continued progress for the semi in terms of timeline information. I'm not sure that gives us a whole lot that we didn't already know. I think that probably still just puts them on track for a few deliveries this year. So at expect when we get the cue to shareholder letter on monday. It'll probably just maintain that same line of tesla deliveries expected to begin this year. And that's probably all the information that we're going to get although maybe they'll talk about it on the earnings call.
The Green Book: Traveling in the Jim Crow Era
"All right. So i'm really excited. Do this episode. I think it's always fun. Do more like history deep. Dives like this This is more like our. it's not gonna be like one. Continuous story like somewhere out there episodes but more like in thala if you will like our eighty s and ninety supercar episodes where we'll have separate smaller stories that kind of make a bigger picture of how african americans had to essentially make their own car culture within the united states In spite of all the challenges that came up against all the all the racism that they came up against and how their own car culture flourished. I'm really get into this. Yeah i think in the entertainment world. They caught vignettes. Yes vignettes think of this as vignettes. Thank you thank you joe on instagram when you when you drag the slider over and you pull the shadows in outside right yes. Yeah de all right. Let's do it before we talk about anything else. We need to understand what led to african. Americans needs for their own car culture separate from white car culture. What is it that led to the creation of the green book. And why did black americans have such a difficult time traveling. The united states. How did oppressive laws and jim. Crow era violence lead to the rise of black automobile owners. Before the civil rights movement the united states was mostly segregated and many states had jim crow laws that had come into effect in the late eighteen hundreds after the civil war this man between eighteen ninety and nineteen sixty. It was especially dangerous for african americans to travel jim crow. Laws made it so whites could be rude and outright violent towards black travelers with little to no consequences. The fact public transportation was segregated and often dangerous for african-americans meant the invention of the car was also source of independence as it so often is across ages and cultures for black americans. The automobile represented the ultimate freedom from the harsh realities of a segregated society.
Elon Musk Gives Update on Tesla Cybertruck
"I will start off with the cyber truck. It's been a while since we've really heard. Ilan mentioned the cyber truck he replied to a tesla owners online tweet today saying that he does think of. There is a chance that the cyber truck will flop because it is so unlike anything else. He says quote. I don't care. I love it so much. Even if others don't other trucks look like copies of the same thing but cyber truck looks like it was made by aliens from the future and quote yulon has expressed that sentiment in the past. And he said you know if the cyber truck fails we can just do normal looking truck. That's fine but i'm super glad that john was willing to take this risk and with the amount of interest that the cyber truck has generated. I think at this point success for the cyber truck doesn't hinge on customer demand. Clearly there's plenty of that it hinges on production as it's often does tesla anyway. You on was asked if he had any new information pictures. You wanted to share on the cyber truck. He replied saying quote in we kept production design almost exactly same as show car justin small tweaks here and there to make it slightly better. No door handles car recognizes you and open door having all four wheel. Steer is amazing for nimble handling and tight turns and quote. So most of what's in there. We have heard before alon a couple of weeks back tweeted about adding rear-wheel steering to the cyber truck and then beckoned march. Elon said that there won't be any handles this time though he did. Add that the car recognizes you and opens door so tess actually already does that with the driver's side door of the model x. but the x. does still have what looked like handles are actually buttons. That's how all the other doors operate and the driver door can be operated in that way as well so i think a couple of interesting questions on the cyber truck at this point is if the non driver doors will also operate based on recognition which i think would be very challenging to implement and then if there would also be some sort of manual release for the doors in addition to that recognition opening system. And i don't mean emergency release. Obviously they'll have something like that on the inside of the doors. But i still think they'll need something on the exterior because no matter how good recognition works. I just don't think it's probably going to work perfectly. And if you're out on a job site and you have gloves on or something like that. Maybe you're not gonna wanna mess around with getting your phone making sure that it's recognizing you so i think a button would be great or what i can see tesla doing is putting just some sort of responsive touch control on the b and c pillars of the cyber truck. Kind of like what we've seen in the roadster prototype
Tesla Fighting Back in China
"Rob our here and today. We're going to be discussing tesla in china. Tesla is pushing back on some of the brake failure reports that we've talked quite a bit about we'll talk about the most recent development there. Then what kind of continued the tour around the world. We've got some news on. Gigabyte wins news in canada and the us as well and what was it out with an update on batteries. I will take a quick look at the stock tesla today giving up the gains that it had seen earlier this week finishing down two point three percent on the day to six hundred and fifty three dollars. Thirty eight cents a few dollars below the closing price last friday. The s&p and dow were up. But the nasdaq did finish down. Do tons of a percent okay. Let's start off with that news out of china just as some back story of course over the last couple of months. We've been talking about reports of brake failures. In china tesla china has obviously pushed back on that claiming that there were no brake failures. These were just user errors. Detention around that peaked during the shanghai autoshow couple months back with a woman protesting claiming failures but other people have also made similar claims since then we have seen tesla take action so they've hired more people in communications. They've asked for and actually received some apologies from media and influencers that either reported on the stories accurately or in the case of one influence are actually just made up story for more attention. Shocker but those actions do seem to be helping as best. I can tell externally while today. We've got the latest chapter in that. Saga kelvin. young on twitter is reporting that tesla china is suing one of the owners that made claims of brake failures that owner shared details of the situation and away bow post which in translation reads quote. Hello everyone i am. The owner of wenzel tesla out of control. I received tussles indictment the day before yesterday. Now i will release the previous. Fdr tests report of wenzel automotive engineering society. I hope you kind people can help me analyze it. Thank you and quote. Etr test results there that just means event data recorder test results so basically just a third party analysis of what happened during the supposed- brake failure situation lots of replies on this thread one of the first ones reads quote. Don't you understand this result. Means that number one break his okay number two you stepped on the accelerator and quote.
How to Maximize ROI Through Effective Loyalty With David Hawkins
"Saddam. Thanks very much for coming on the show. Really great to have opportunity to speak to someone with your experience and length of tenure in the automotive industry. Somebody just to kick things off can you. Maybe just tell us a little bit about loyalty. Logistics and hot came about and why you started it sure. Thanks thanks go to fifteen years ago. Been in the automotive industry releasing select university and at work for various Suppliers dms providers and used aggregation sites all sorts of technologically based businesses. But it must seldom apart. He started the beazley's we had one overriding aim and that was we observed the each of the oem's that we worked for each of the de la group should each of the dealers spent almost all of their marketing and advertising spend on attracting new customers. So the brand building or attracting nukus mr to buy new cars and they spent very little money on holly any of their attention on retaining the customers. It already sold to who knew them liked them. Trusted them use them for after sales but they spent very little time and effort in trying to retain them and we thought there was a gap. So we sell to go to the g. sticks with one side line to help dailies groups and oem's retain more customers along and then through the last fifteen years we've developed a number of products services and approaches and developed the business around that that single line.
Model Y to EU Analysis
"Everybody robin our here. Happy friday today is the last day before the scheduled. Fasd beta release. So we're going to be looking out for videos for that overnight. That should be the big news this weekend. But in the meantime we do have some other pretty big news to discuss. The monowai has opened up for configuration in europe will spend some time analyzing that decision. And how that also coincides with tussles decision to release the standard range model. Why and china. Then we also have price increases again from tussle to discuss some news on tesla energy and a couple other items as well first. We'll take a quick look at the stock tesla today closing out the week with a positive day. Finishing up zero point six percent on the day but still underperforming the nasdaq which was up about one percent on the debt. We've now had five full trading days since tesla announced their q to delivery and production numbers. Tesla's sense then is down about three percent versus the nasdaq up about one percent. Aren't so the big news for today. Is that the rumor that we had discussed yesterday. That the model why would open up for configuration. And europe has indeed come to fruition. It looks like many many countries throughout europe. Now able to actually confirm their orders or place new orders for the mentawai. Deliveries are scheduled for q three and it looks like new orders could be as well right now. The german design studio for the long range. Monowai says september for new order. That's on the long range version. The performance actually now says beginning of twenty twenty two as expected all signs point to these being exported vehicles from giga shanghai. The reason we can see that as the interior trim on the model. Why does show the wraparound would. So it's going all the way to the door panel which is not the case for the fremont made model. Why as of yet. Plenty of reasons to rule out gigot berlin so looks like these are coming from shanghai which makes sense does has been exporting the model three from shanghai as well and then even though we did have the addition of the standard range monowai to china and hong kong no standard range availability and europe as of this time in terms of pricing. And of course varies by country. That's typical for tesla. If we look at germany as an example the base price for the long ranges listed at fifty six thousand. Nine hundred. Ninety euros then you add a nine hundred eighty dollars handling fee on top of that that brings the price up to nearly fifty thousand euros that includes value added tax and a twenty five hundred euro environmental bonus