23 Burst results for "Fisker"
The Popemobile Is Going Electric for the First Time
"Evey maker Fisker is planning an all electric version of the vehicle based on his new ocean SUV, and analysts are telling US
Wall Street pulls back, weighed down by tech
"The NASDAQ fell into negative territory for the year. By the way, has got no yield. Right? Right. So Essentially no yield, anyway. NASDAQ 100 Falling substantially at the end of the week, and Ah, Tesla, Okay, Tesla's high was $900 hit a low this week near 600. Okay, that's that that signals a shift. Is it over Price to 306 times, trailing 12 months earnings um, that actually that number. It's about 110 times next year's earnings. Now, the whole electric vehicle complex is a point of discussion. Okay, so I've got the graph right here. That's interesting. So Steven Norris Super Chuck does the graph in percentage terms. Okay for the year for the year, Okay? Just year today. What percent Tesler? Is actually I guess. Steven ran the charred little sooner but Tesler right at the moment is a minus 6% for the year. There you go. Okay at 666. Right now. Nikola is actually a 25% gain. So these things had a big run. You know, Fisker, um, that's another electric vehicle company with many school revenues you can get. You can get vegan interior for their fiscal car, though. Just so you know. Vegan interior. What zit plastic? I guess that's big, hidden. That's not leather. Okay, But if you're gonna be totally green, you can't use plastic and you can't use leather. So what are we gonna use? I don't know. It's that's it. We could use burlap. We're gonna put that on her lap is renewable. We're gonna put that on the gym. Maybe it's hemp. Hamp. There you go. It's renewable. It's not made of animals. And it's not fossil fuels. Okay, just saying so. The the electric vehicle rally, which we had said My God, look at the revenue and multiples. Okay, Here's what test was worth. $660 billion today. Yep. And G. M and Ford Worth 60 or 70,000,000,001 tent. They have a lot more sales. All right. Thank you. So that you know that was part of this is a lot of these companies don't have sales. So Churchill Capital. Takes us back. Mm. And is merging with Lucid motors. That's right. Loose. It announced. Really what looks like a competitors to test life. Yeah, it's it's a It's a beautiful car. Well, they haven't done it yet. Right. Pre orders. I think now we gotta have Papa Dean weigh in on this one because He takes you He had a piece on the history of the automotive industry. And you know this is back when it was just the big three in the U. S right. GM Ford Ah! Right in Chrysler. Yeah. Thank you. Hey, Uh, but he pointed out at one time, there were literally over 1000 car companies. Yeah. You know, but making one in the garage. I got a car. You know, everybody's making one. I can tell you one. It was a big boom, and it's similar to this Now. Then, of course, that all consolidated Through bankruptcies, recessions and mergers, right? Some did well, some didn't but it is interesting that this kind of led the NASDAQ down, but I was surprised at the end of the week when we're looking at trading right? So the Dow has got a gain of about 1.7%. If you look at the energy sector, that's that's been the most amazing performer. The pipelines are up 12% for the year. Uh, the overall energy sectors about 30%, right? Financials up 12%. Communication services. I guess that's a TNT is not helping. They're down for the year.
"fisker" Discussed on The Adam Carolla Show
"At some point. Buying a electric car. Didn't really make sense unless you were. You know leonardo dicaprio and trying to make a statement you know years ago. It's just the range. Wasn't there the reliability. What have you were now at the point where it kind of seems like a coin toss almost like electric or gasoline powered and then two and a half years from now. It'll be at the point where you'd be dumb not to buy an electric car. Is that what it feels like. If it was like a graph going it was like going up hill for the last ten years. Now we've kind of reached the summit and it's going to start heading down. Which is my kids. I fourteen year old twins and their first cars are going to be electric. And i'm sure there last cars are going to be electric. They're not gonna know they're gonna they're not gonna know electric any more than they know emmanuel. Stick shaft yeah. I think you're right on them. And i think that you know what what's what's going to happen is essentially a few by a normal gasoline. Two or three years is probably going to be worthless. Five years later so i think that automatically will just like buying a manual cheap car. You can't sell it so what's going to happen. That's happened with manual is going to go into becoming expensive sports cars so i think we're going to have sports cars for a while. They'll be gasping cars. And i think people are going to end up enjoying them like we enjoy horses. I mean nobody writes a horse to work anymore. They may still own horse but they don't write it to work for a change and not gonna use a gasoline car for your daily commute. I think in ten years you may still use it for pleasure but enough. Your daily commute interesting. Yeah again sort of like the manual stick shift. You wouldn't anybody especially if you live like we do in los angeles. It sound insane to sit in traffic with a with a manual. So is obviously as technology goes up. The price comes down the more companies get involved. They compete The price goes down. Accessibility goes up where we at. If it's all kind of was predicated on battery technology. And i'll give you a stupid example. But i think it's apt I used to fly model airplanes. You know gas powered remote control. You know it's a fun hobby. And when i was doing at fifteen years ago there were a couple electric planes out there but the battery was too heavy. They didn't really last that long and wasn't really. If you really wanted to participate kinda have gas tank on your plane now. Probably eighty percent of the market is just electric planes. Because it's cleaner it's easier it's quieter and we have the batteries. They're not big bricks weighing the plane down anymore. So if it's about the battery technology and we've come so far in the last five eight years in the battery technology. Are we going to advance that fast. In the next five to eight years with battery technology. No i think the next sort of seven years is going to be the current technology we have the will maybe have a five percent improvement per year. I think we're all waiting for the next big revolution in battery technology. And i've done a lot of shirts. We have an internal lab at fisker. We did a lot of work. And i will say with my knowledge. I think we're lee seven to ten years away for another big revolution. And i don't think we needed right now. You know a lot of people right now feel like they must have a super long range. Electric is just kinda comes from the fact that the gasoline car you never think about range you know whatever direction you drive in in america that will be a gas station hundred miles no matter where you go and so you kinda forgot about raising anxiety. Electric is a little different. We have the feel of reins anxiety we feel. We must have a three hundred mile range. And i think devil continue in the next few years but eventually saying if you imagine your to electric cars i bet you in a few years from now you sticking. Electric car doesn't really need to have more than one hundred mile range. Because when do you go a hundred miles in the day. Most electric cars had just humming around in the city. Doing errands drubbing. Kids in school and for that hundred miles is more than enough. We'll be don't feel right now that it is enough so that's why we needed that longer. Range of sort of three hundred miles which we now have achieved an and i think all carmakers can achieve spread amount range and that's sort of what a gas tank leads. You go in a normal car sort of an average instead of the minimum in the car industry. So i think that that has led to the point now where everybody can pretty much by an electric car. There's still a few exceptions. I think if you truly going cross country or some big trips yell k it's not so convenient still because you have to spend too much time charging what i think for eighty percent of the population and the daily drives electric cars. Actually bill gasolene car and don't forget. Most of us can charge our car at home. We don't even have to stop at a gas station. I charge my harvey night on. Think about it anymore. I know it's funny. Everyone always talks about range anxiety but the anxiety. I always feel. And i get caught in this once in a while is when i'm driving my internal combustion engine as she home and i realized the range. Finder says nineteen miles. You know and. I'm like oh i gotta drive to lax tomorrow at five in the morning. And i have anxiety which is i. Don't wanna get gas tonight. But i sure as hell don't want to get gas tomorrow at four thirty in the morning. And i wish i could just plug it in and have that range obviously tacked on it. Yeah i don't. I don't get i. It's an anxiety that is kind of i. maybe. I don't know. Maybe americans have this more so than other cultures we. We have this thing where it's like. Everyone wants to drive a huge pickup truck with big knobby tires on it but no one ever goes off road but we want to know it's there you know what i mean. People people have a gun and they go. Okay keep your gun in your home and then you keep the ammunition in another room and you keep the gun in a safe and it's like well how's that gonna protect you. Then it's like. I want to know it's you know and i always say everyone once in a while. If you're gonna drive from los angeles to the grand canyon with your family then just rented an alley and go on a vacation and then when you. You're never going to do it but if you need to do it you can rent an suv. And then for the other ninety nine point nine percent of your driving you could just plug it in when he get home a used to work for. Bmw orion use work for bmw on. My first job design the bmw sports car. There was my claim to fame of it and that was that was a fun project. That was a sort.
"fisker" Discussed on The Adam Carolla Show
"And your city what number. You are in line to get the vaccine. Oh really i'm record ideas coming true. Oh yeah oh that's right. I think around eight million people before really million. So i mean i just put in your own status like your ages exact opposite of what you're looking for out of like the vietnam draft right. That's right you would like actually come on eight million so new york governor. Andrew cuomo is now threatening to find hospitals up to one hundred thousand dollars if they don't finish their first round of inoculations by the end of the week that would use. Yeah that's a modern healthcare dot com if you other sorts of says he's blaming bureaucracy. As the chief reason for these delays public hospitals in particular. The governor also threatened to stop sending the vaccine to hospitals. Don't use their supply. Meanwhile new york one dot com reports. Cuomo's vaccinating someone out of the state designated order which basically constitutes vaccine fraud could find you up to a million dollars and the loss of your state license and other point from canadian. That's right cuomo. Cuomo is like i blame. Bureaucracy for the inability to distribute vaccine. All right. i gotta go after crate. More bureaucracy. red tape. I've taken long enough. I've taken two minutes off from more bureaucracy. So anyway i it now i gotta go work on more of it. Got to be part of the problem. The app max powder that got to be i i. I've found a different order from the actual books. It was recorded in different order. But i founded. It's loading up right now. Okay sorry one. More one more gina grand. Let's talk about those those games. Those beloved games that become movies some make more sense than others. Well we have a game and really to be fair. Probably more about the creator but a movie. Based on the rubik's cube is in the works the film it will be about how professor earn no rubik's toy became a pop culture phenomenon in the eighties story of the making outdoor. That's kind kinda cool. The rubik's cube was invented by earn rubik and nineteen seventy four licenses a toy nineteen eighty today over. Four hundred. fifty million rubik's cubes have been sold around the world since twenty eighteen amateur and professional speed. Cuba's from all over the world have faced each other. Battling for the chance to prove their skills in the rubik's cube championship finals in boston. So this could end up potentially being a pretty interesting movie. I've never tried a rubik's cube. Just like i told you. I've never played scrabble because my thing is already know dumb. I don't need a fucking punt pass and kick competition approve. Diam get your mechanical in your intuitive. Not be might be your way into the mark up. Sonny performed a he performed an iq tests and online iq tests on me a couple of nights ago that he got ten out of ten on and tilt. I got three out of ten. So i'm functionally retarded. I think it puts the classification. I got where he got like a near genius all right. Let's bring it home. Gina grad. I'm gina grad and. That's the news. The news with gina grad. We have the audio clip of from this from fifty years while.
"fisker" Discussed on The Trade Tribe
"Two. What else announcement this week. Electric vehicles electric vehicles. It's all over the news all over from china to making this huge byzantine american electric vehicle companies china's vehicle companies and. It's interesting to see how much hype behind this train. A lot of the big names around our nato. Nicola tesla fisker lists to asian camera win on the recall. I think l. i. And in the house. What is it called on those another chinese electric vehicle company. That was really making the headlines this week but everyone's really following this trend vehicles ever starts to see the future van. How feasible is in our future especially bided run out winning the election. A one of the things that he had included in his policies or things he shot to change is to implement. The gas had be industry to electric vehicle By stalling electric vehicle charging stations all contracting. Does it goes ahead. I think one hundred or couple of hundred million stations by twenty thirty which is great ambitions but Hey by twenty thirty. We go need a majority of the country to use. Because they're also in china with a lockdown going down lot we're buying causing them looking mainly electric vehicles so the market is just booming in terms of electric vehicles. Flavia three money at any electric vehicle company. You are guaranteed profit. Just be careful which ones you are looking at on. Some of them might Might not be performing wall. Might not be meeting at the same such as nicola with their fraud allegations recently on but i did throw some money to a new american popular one has been going on making headlines call. Fisker tickets was fsr abidin last week. Great opportunity heavily under bryce as low. Now just as tesla skyrocketing the next starcraft tesla was nine year old. Nicola fisker is of might be the next company after. I dad says everyone's i think is going to be a huge dip coming on and i also off an episode of great plain and make what is going on so i did buy a shares and right now that is up. Twenty five percents. That is working so far. So it's like might as well have ride the wave if you know going on i got twenty dollars to spare one at under this under valuable. It might hit off an iowa levels right now on that. I'll probably sell lucky. My prophecy which company is most appealing to those bunch of electrical companies. What are you guys not electric vehicles. Those companies are going around the hype things like that. Do they make vehicles that size for me. I'm pretty sure because they are big. Fisker has an electric vehicle. suv model of electric vehicles. Are the tesla has there. Is i think the model y which one is it the model. what is the big on. I believe right. i'm listening. I don't know i've i've always been into. I drive a dodge charger. So like i've always been into the grumble engine that like because it my dodge charger. I've gotten into cars like because i'm not taking my car to the mechanic. Every time i need a repair. I repaired so many things in my car by myself and i can see the luxury of having that activity but there is a part of me. That's like these First brash of electric cars coming out are gonna need a heavy revamped because how do the car enthusiasts out there who enjoyed the rebel of engines and stuff like that how do you appease them with a sixty mile top our vehicle like you're going to have to find a way of like really coming commandeering. That crowd has to distract people. I think something that tesla's that is really funny is in part you can play martyr car with the steering wheel and distract distract me enough to not hear the noise of the engines of take take bible give you says look cool features that you can kind of make up poor in his cars coming out. I do what you said. Appeal that american feel of i think. That's what companies like. Fisker is gonna do what i saw. Advertisement kind of or trade is e american electric vehicle. You have everything that you care about. And that's where we live. Best i think re-appeal to that kind of target group within the industry is customers. I do agree with that bill. We'll see how that plays out regarding electric vehicles. I think the one. I was talking about before the chinese company under the stock ticker symbols auto. I don't know how to pronounce him onto the auto but as a lot of headlines with A the chinese electric vehicle market. Now just keep just keep death. Leave out yet i agree. I'm i'm all with electric. 'cause i think long term it's a. It's a safer for long-term play where with five g going in just the capabilities. I just think. I just just look for thickening standpoint. I think if five five lives up to the hype. I think electronic is kind of where the the place the be. Yeah and also another thing is when. I talked friends the time i asked like. Oh what did you like jim car. Whatever a lot of people say tesla has the gen z confidently. Everybody wants to j. futuristic. Like just like moving. Basically looking up about tesla's well getting out of it was because tesla's of working on the plans to release their model y today announced a price cut so the price of the model will be a lot cheaper. And i'll just a check them out of people who buy that something that might cost says. Let's start moving up more now. The app in two hundred twenty levels. When i remember so that might.
"fisker" Discussed on Wall Street Breakfast
"The analyst quiet period expiring following the company's IPO shares have shown a modest gain from the IPO pricing level of twelve dollars. IPO. Lockups expire on Sprout Social Lear Therapeutics, and pharmaceuticals, and Group has secured the final regulatory approach to launch what is shaping up to be the world's largest initial public offering the mainland China leg of the IPO will be priced October twenty seventh and has been running a digital IPO roadshow across Asia Europe and the US to gauge investor interest. A special meeting of sparred energy. Acquisition Corporation shareholders will take up a vote on the business combination with fisker Inc. following the proposed business combination ev automaker fisker will be listed on the New York. Stock Exchange under the new took her symbol FSR the crazy intersection of electric vehicle stocks and SPEC interest is just getting more crowded with Quantum Scape Kensington capital Lordstown motors diamond peak holdings canoe Hennessy Capital X., L. Fleet pivotal investment to and Romeo systems are G. Are All the new combinations to watch. As we mentioned at the top. The robinhood conference is running this week from October twenty eighth through the twenty nineth in a virtual format with presentation scheduled from the White House's Lawrence. Kudlow Ache, you are capital management's cliff asked. Green. Capitals David Einhorn Citadels Ken Griffin ally Lily CEO Dave Rex Regenerating Co President George Yen.
US big tech dominates stock market after monster rally
"Big Tech gets a big test next week as apple facebook Amazon and Google. Parent Alphabet all step up to the earnings plate after a sizzling run for the sector wedbush securities things the reports will fuel up another tech rally into the end of the year despite the general nervousness over stimulus and the election apple is the firm's favorite thing name Microsoft and salesforce are the top cloud software picks and Z scaler is called the cybersecurity standout. There will also be some focus next week a US Senate hearing on section two, thirty immunity with twitter's Jack Dorsey facebook's mark. Zuckerberg and Google's Sundar Pichai all in the firing line. The economic calendar includes updates on new home sales, durable goods and consumer sentiment as well as what will be an eye popping Q. Three GDP report a historic thirty three percent quarter over quarter surge in Q. Three, GDP is expected to be reported to follow on the over thirty one percent drop in Q. Two despite the strong bouncing Q. Three the feds official forecast for this year is for GDP, to decline three point seven percent, which would mark the biggest single year drop since at least World War Two. Also on the schedule in the week ahead, look for some ideas to be generated out of the Robin Hood Conference and Spat Creation. Boards Town Motors Corporation could burn some rubber when it starts trading.
"fisker" Discussed on MAD MONEY W/ JIM CRAMER
"Going to be talking about from now on everybody l., Senator Listen Up. This is the way to buy if you want one in the oil, Pat Scott, Sheffield of pioneer, the Master Mad, Gallagher Parsley who's taught me so much of what oil companies can be made back into the brain. We go next week. One of the most anticipated electric vehicle place. FISKER INC comes public fear merger with Spartan Energy Acquisition Corp... Last month I told you to steer clear of this because it's too early to early stage companies just speculate but we got a ton of pushback took to twitter from some very smart people by all accounts CEO Henrik Fish fister. pfister's in absolute cheese. When it comes to designing cars, we're stipulating on top of that list story has gotten more positive. The company added Bill McDermott founded the show you've service now to its board of directors and I respect his judgment tremendously then just fiscal. Yes. A major strategic partnership with MAGNA International. That's a gigantic auto parts maker plus spartan energy stocks symbol S Q keeps pulling back and every time goes Laura on and the story does get more attractive but with PFISTER's first vehicle and electric SUV, not expected for another two years is this story To early I. Think deserves a close look. So let's check in with Henrik. Champion, she'll FISTER INC to get better in the situation going companies public debut Mr Fisker. Glad to have your money. It's great to be here I love the show Jim Thank you so much. All right. So let's go to the heart of the matter which is that there is there promos universally. Consider being frankly the best designer, of course, the world. But do we get more than just the design when we buy this news back more than just good blueprints and a great looking car? Jim First of all the car industry is part of the most complex industry in the world and you know I've been through a lot of difficulty taking lessons learned an intimate as only two people on this planet who's actually put electric vehicle on the market globally certified from eighty startup and as Ellen and myself. So I've been through it done it, and particularly these lessons learned, and one of the most important things is getting a cow on time on at quality and at the right price at the right price point syndromes of bill of materials, and that's exactly we're doing by partnering up Mac. That's d-e-m-o significant deal we might ever make. Everyone accepts your great order designer. But within the industry, some people homered says this question if you can get the ocean, your your suv bill in big enough numbers to make a go of it and will you need too much money then your company can get. Well actually, we have a pretty firm building materials. We have affirmed a program plan and would cost put out, and the reason we have that is because we're not starting from zero. When you start a car from, you truly don't really know what the cost going to be a we have selected Mac platform that they have developed over the last two and a half years we have all the cost for this platform. We know exactly what the cost can be the this vehicles. Market's going to be less than one billion dollars, which is pretty effective in the car industry we are raising over a billion dollars with the back. So we're not going to run out of money and I think that is a very important point that you're making because most startups run out of money before they even get to the market that won't happen this case. Now, let's talk about that because your judge is that you need X. amount of the billion, you've got it. But you're pass. We focused on the fact that you've had some failures we went to bill McDermott. Bill was head of sap bill is done an amazing job is service. Now bill joined the board which influenced me greatly he wrote today he goes by a quote he goes I believe in great comebacks especially in the foundation design markets in incredible owner experiences Henrik wants this he focused on great comebacks y that what is in your track record that he says comebacks matter. Well, look I was out in the very early days for the fisker Karma memorably launched at car one and a half year before the Tesla model s launched, that wasn't a super early days with risky battery technology, etc, and today we're using two of the largest battery companies in the world in the meantime battery technology has matured. Secondly, you know again, we're not focusing improving the people we can manufacture car bencher iota, GM Volkswagen. We're handing that over to McNamee is key sink thing here is just like you've never seen Tim Cook, walking down the manufacturing floor and showing how great use of manufacturing iphones because he actually don't make them and we are looking at that we'll look as we want to. Deliver an emotional sustainable and affordable electric vehicle and we WANNA do it at the best possible term for the costumers, effects beliefs, and we're going to have McNamee built the car to high quality and they're going to get straight out of the gate into high volumes. This platform by the way Jim is shared with another oem. So we get volume right away begin volume of crossing from day one but now if that's the case at all, that sounds so good I say to myself why one of these specs I want to be able to have an IPO with Henrik fisker the man who is the awesome Morton abandoning a fabulous BMW. I want to own a piece of you. Why is back? Your Ming a great point. Has Actually in my view, specs have replaced the traditional venture funding out in Silicon Valley nobody wants to go into the automotive industry is to capsule insensitive, and a SPEC actually offers you this possibility of getting a billion dollars in in our case, if you have an incredible backer, which is Apollo at three, hundred, fourteen, billion dollars, private equity fund, but it officers to get fully funded all. The way to production that we couldn't do that. Let's and traditional I feel. We would have to wait too much longer much later, and then we'd have to go out and raise private funding been there done that I don't want to sit with thousand bench of people around the table and listen to all the great ideas from their wives how to make a car it's just a work. Do, you want to say I mean Tim Tim Cook in fairness I mean he's only simulate those guys all for him. You'll be able to have control magnus not controlling your sore of that because VW magnet you've got these partners of big companies. How about if they say you know what? fisker thanks for the design I'll talk you later. That's a very good point and that's exactly why because Magna to invest six percent into fisker, we're joined by the here we have a common goal of success I mean Maximus as interested in success as we have acted tied visting of their shares into milestones that we achieve way to start a production list as the final milestone in the November two, thousand, twenty two, and you think there's enough room I fill a bow help with me with these questions he's been reporting all GMTV's. TESLA TONIGHT EV EV Vs Everywhere are nothing. For All these vs. I'll tell you if I was making a hundred thousand dollar vehicle. No a been there done that and it's been done and it's been proven where the next frontier is is affordability with a cool electric blaming our vehicle starts at thirty, seven, thousand, five hundred dollars and make.
"fisker" Discussed on MAD MONEY W/ JIM CRAMER
"The free cash low profile for the investor model slowing your growth down and increasing your free cash flow in regard to a base dividend, which we have both companies have a strong base but introduced the variable dividend concept. Most of our shareholders loved the dividend and this by bringing the two companies together we create a better company with a better free cash low profile in a better increased bearable dividend. So Matt Era a young gentleman. You've taught me a lot about the. Possibility that one day oil could be even liked by companies by. Managers who are worried about flair and global warming you want to give that up. I know you're going to be on the board, but you're not going to be running the company. I I WANNA hit on the ES G component that was absolutely instrumental in this deal gymnasts accelerates all of our strategic objectives which are to allocate capital to the low end of the cost and emissions curves. Increases are free cash flow. We're going to pay down debt art strategy was to pay down debt too pure leading leverage while increasing return of capital to shareholders and Jane hints an accelerates all of those strategic objectives eighteen to twenty four months ahead of schedule and as far as. The teams concerned I've actually worked pioneer before I've been inside. The inner workings of an amazing team I'm fully confident in what can be done over there and I'm extremely excited to be on the board. Sky. Longtime it you said something the com school that was quite chilly. You talked about three to four investable independence. When this is over, you really think it's going to be that tough. Yeah GM. Referring to there's four investable governors today, Conoco's Phillips Yoji, Pioneer, and has. So investors really won't companies to invest in data size tim billion or larger. I'm so referring to today eventually those other seventy independence, they're gonNa have to do what Matt in his board it. They're gonNA have to merge together and merge up and create a larger company. Have too much leverage it'll take a while. So I see continued consolidation in the industry creating maybe can. Kim billion-plus companies over the next several years, and it's happening all this acquisition gimmes happening right now is that because people bleed oils not then go back to amy what's driving consolidation. Woods driving it is the. Low premium transactions as you know nobody's paying a market premium. Chevron. And oxy paid the last big premium deal. So. All these once somebody starts low premium Dale Chevron started it. So it shows the wave of the future. So I I do believe most transactions will be done with very very low premium, top transactions plus oil as come back from twenty dollar oil up to forty. At least were at forty we're all making money. In fact, this new combination are break even price. We can actually grow five percent a year and pay our base dividend and have a break even at thirty five dollars WTI. That's fabulous. Matt. One of the reasons people get mad at me as he looked the industry's night investable look. I don't want to blame you but you were the one who told me listened to flare all over the place. It's not right. We gotTA CLEAN UP OUR ACT. If people don't do that, then fund managers won't buy sure thesis that I adopted. Now, do you think that your thesis is starting to gain some cogency when I saw the deal CONACO announced all they kept talking about was s g Jim. Three PS as I call it a perception pollution and profit and we're going to deliver on those three in spades and this combined entity and the rest of the industry better get with or the trains going to move by pretty quickly we have to put the pollution problem which I couch emissions We have to put that front and center and improve in every single facet and get their very aggressively. We did so with the. Recent acquisition, and we're going to continue to press on that as a combined company as we start generating profits that's going to help be combination of those to increase. The perception of the industry does great things. The world the polymers inside the in ninety five mask that come from the plastics in our industry and saving millions of lives So we have to we have to deliver better financial results in a high environmental friendly manner we. Got Your son started a parsley I know he's not was not on the conference call I. Know that at one point you retired weren't happy. Then you came back if we by pioneer and we buy near a cove it who knows maybe teams get better are we getting you? Are we getting you sir? I'm going to stay here long term. We. Do have our own succession plans. We do have people like Matt Gallagher Board identity invested in restaurants. I was always great to hear your stories feel sad about your restaurant. Up in New York City, yet but I did enjoy. Santa. Fe New Mexico I did enjoy fly fishing. And I'm glad I'm back at the wheel, but we're still going to continue to work on succession. Until I'm eighty years old I, promise you that. So well, they go look gentleman you've got one that's investable. It's the one that I'm going to be talking about from now on everybody l., Senator Listen Up. This is the way to buy if you want one in the oil, Pat Scott, Sheffield of pioneer, the Master Mad, Gallagher.
Tesla Rivals are Moving Into High Gear -- and Going Public
"From wondering I'm Elaine Appleton grant and this is business words daily on this Wednesday August Nineteenth David Brown's on vacation. Tesla has long had an image of being in both good and less good ways without comparison. CEO? Elon Musk stands out for his big vision and sometimes quirky behavior, and until now anyway, Tesla's all electric vehicles have stood head and shoulders above the competition coming from traditional automakers. Competition what competition I can almost imagine musk saying. Oh, but there is plenty coming tesla shares soared two, hundred, fifty percent this year. The company is now the most valuable automaker in the world according to. CNN. That's because Tesla which went public ten years ago is finally profitable. Tesla had a record twenty nineteen in posted its first annual profit last year despite the pandemic it's been profitable this year as well and that kind of performance and the stock market's reward for it is convincing more and more electric vehicle makers to go public and to try to woo customers away from Tesla last week, Ohio Electric Startup, Lordstown Motors Corporation, or L. M. C. said, it plans to go public by the end of the year. It's ticker symbol ride. If the deal goes through, the company will be valued at close to one point five, billion dollars. So who is Lordstown Motors to burst on the scene this way? L. LLC is a spinoff of another electric truckmaker called Workhorse. GROUP LORDS DOWN CEO Steve Burns is the former CEO of workhorse with LLC Burns resurrecting a project that we're course didn't have the money to do the company plans to release an all electric full-size pickup truck the Lordstown endurance in the second half of twenty twenty one that's according to journalist Alan. Adler, writing for trade publication freight waves. The truck will have a range of about two hundred fifty miles on a charge the same as Tesla's sci-fi looking cyber truck it'll toes seventy five hundred pounds alums. He says again, just like the chuck, the endurance will start at fifty two thousand dollars a good deal more than the cyber forty thousand dollar base price. But UNLIKE TESLA LLC plans to sell the endurance to commercial customers buying fleets of trucks since revealing the prototype on June twenty-fifth Ellen Mc says it's received more than twenty seven, thousand pre orders. That's one point four, billion dollars worth of trucks. NCO Burns says its first years worth of trucks are now sold out. That is if it can raise the money, it needs to actually make them l.. AMC. Bought the Lordstown Ohio GM plant that shutdown last year when GM killed the last Chevy Cruz that six million square foot plant needs retooling, which is costly MC plans to raise about six hundred and seventy five million dollars through its IPO. That boatload of cash could help it come through on its boast to be first to market among a group of EV pickup truck competitors in addition to Tesla that group includes Ford GM Nikola and Arabian a company backed by Ford and Amazon. So, here's the obvious L.. He doesn't yet have a product just a prototype if you're wondering how the young startup can go public without a product you should be. L. EMC is one of a handful of electric vehicle makers employing what's called a reverse merger that means the company that plans to make a product like LLC hooks up with the so-called blank check business. It's also called a special purpose acquisition company. SPAC. Is doing the reverse merger with a blank check company called Diamond Peak Holdings. Diamond peak is already publicly traded that means when the merger occurs. LLC. MC becomes public sort of like easing into a coat someone else has been wearing. This back door IPO method is easier for companies to do. They don't have to produce expensive roadshow's. Also, avoid a great deal of financial scrutiny by the SEC. One of the most famous reverse murders was Richard Branson's space company Virgin Galactic, Holdings and Fantasy Sports Company draftkings went public in a three billion dollar reverse merger. Last year according to the A. Times. The number of reverse mergers hit a record high last year. That's because the IPO market was volatile and high profile IPO's like Uber Fared. Poorly. It ain't cheap to build a new car company but Tesla's successes inspiring other entrepreneurs to try and they need oodles of money that helps to explain why another electric truckmaker nickel motors used a reverse merger to go public in June and vehicle-maker. FISKER has a reverse merger in the works. The is green truckmakers may see these back door IPO's as the speediest way to raise the cash needed to fight he'll in musk and rapidly launched their new products. Tesla's promising to deliver the cyber took by late twenty, twenty one which means that the deadline to beat yes. It may be tough to knock Tesla on it's pedestal, but LLC and a raft arrivals are sure going to try.
"fisker" Discussed on WTOP
"Early termination fee applies equipment, ESCALATION, taxes and fees. Extra Subject Change. 10 25 Money News, a 25 and 55. This is a Bloomberg money minute with Tesla's stock more than tripling this year. Some upstart electric vehicle makers want to hitch a ride. Every single company wants to be the next test. The question is, how many can there be numbered? Reporter Crystal Kim Says that with over 20 evey upstarts in the US, including Nikola Fisker and Lordstown Motors, there's not enough room for everyone. Or maybe anyone except Tesla. There is a suggestion that Tesla could be the exception rather than the rule when it comes to mass production, selling and servicing these types of cars. Fisker Automotive, founded by auto designer Henrik Fisker at around the same time is Tesla offers a cautionary tale. That company generated a lot of buzz with it Karma hybrid that was put onto the driveways. The celebrities like Justin Bieber and being an artist DiCaprio, but it went bankrupt in 2013. Fisker hasn't given up. His new company, Fisker Incorporated, is working on an electric SUV called the Ocean Doing 2022. From the Bloomberg News Room. I'm Larry Kowski on W T O P still ahead. What? We're learning now, after 20 people were shot and one was killed in an incident in D. C overnight. 10 26. If you don't know, PPC, if you don't know if you don't know Oh, TT if you don't know targeted display, social media Man website development male market you don't have to. All you need to know is 2060 Digital way can help you with the digital marketing your business needs but maybe doesn't understand or.
General Motors unveiled the Cadillac Lyriq crossover
"Trying to capitalize on the red hide electric vehicle market with an all new ev crossover. Let's get to fill Abo-. He's got all the details hey phil. Hey Melissa. This has been in the works for some time and General Motors has made it clear. Cadillac will be the brand that will lead all of its major technology push into electric vehicles over the next several years. So with that in mind last night, they gave us a first look and here it is the new Cadillac Lyric, which is a mid size crossover utility vehicle. This is pretty close to what it's GonNa look like when it ultimately comes out in a few years when you look at the lyric keep in mind that they're saying that. The range will be at least three, hundred miles and the inside has just phenomenal appearance in terms of what it will do with the heads up, display the panel in the front in front of what they call the cockpit behind the instrument, the instrument panel behind the steering wheel it looks fantastic but keep in mind. This is a vehicle that we will not see until twenty, twenty two. That's because they have to build out charging infrastructure around the country. They're not even saying, Hey, we don't know exactly how much of a charge you're going to get with. A quick charge let's over twenty or thirty minutes but the goal here is to become much more competitive and ultimately beat Tesla. Yes. General Motors believes that it can be Tesla if they're gonNA do that they better win in California that is the number one ev market in this country take a look at sales last year we're just showing brand sales here between Tesla and Cadillac, and when you compare the two no comparison at all that is Tesla's biggest market and they're doing quite well there you go. Seventy, two, thousand last year were sales of tests in. California Cadillac little over eleven thousand, they've got their work cut out for them and certainly have their work cut out in terms of catching up to them when it comes to market cap tesla's market cap more than seven times bigger than General Motors in one other piece of Ev Related News. We've been talking about spanks Melissa. You've got fisker, which is what about three weeks ago there was a SPEC that was announced that fisker will ultimately go public through. Well, today they announced that this car, the ocean ev will be built by Magnus tear at Magnus tears. Facility over in Europe we should be clear here. They did not announce that our sources tell us that we reached out to the company. They say they have no comment at this time, but the bottom line is this Melissa everybody wants to get into this space, but we're not going to see a big flutter flurry of these vehicles for at least a couple of years. Thanks, Philibeaux. Bond when I'm not quite sure what the strategy is for releasing the specs of a cool looking car that won't be on the market at all until two, thousand, twenty, two I don't know if people are going to hold off and say, I'm GonNa wait for that Cadillac lyric and not by my tests because the lyrics going to come out and twenty, twenty two. I. Don't know what do you think? Yeah. Patience is a virtue but not not when you have somewhere to be so listen conceptually I do think it makes sense for for Cadillac they've been trying to shift their demographic for years. Now I think they've had a storied past of being a large boxy car I mean you think of an older generation and they've they've gradually typically captain gradually shifted that demographic but that's just it's a concept we're talking about latter half twenty, twenty, two, I mean, what does the consumer demand look like what is the infrastructure look like and then what other technological developments have been made by Tesla and other competitors by the time they're actually able to bring this thing to market. I also thought it was interesting that they had already pegged price in the seventy thousand dollar range. We don't know if that's really going to be an ethical applicable price point two years out. So again, think it's a great headline tension grab her nights in.
"fisker" Discussed on WGN Radio
"Been toyed around with Fisker Electric had a car with a solar roof, but it didn't do much. And I thought, you know, to spur the industry to actually do this. The math that I got is about 10 to 20% of a daily charge could be harnessed from just the roof and hood of let's say, a Nissan leaf or a Tesla. Anything like that. You could be supplementing the charge and the one of the big knocks on electric vehicles of their range. They don't go ast faras the gas vehicle. Well, okay, But if they have solar integrated from the factory, technically, they'd never be out of power. You just might need to wait a few hours. So you'd never have that person who died. You know whose car died a couple hours. A couple of miles from home. They could just stop get a cup of coffee, you know, eat food, and they'd have enough power to get home so I don't know why that didn't happen. And so I kept wondering what it would take to do it. Did my research. Did my math calculated the numbers found the right vehicle a box truck because then I have a lot of surface area. Both the sides and the roof and even the front. I'm not exactly super aerodynamic. But I added two panels above the cab that go from the cab up to the box a little more aerodynamic and gives me About 700 watch more power. So I've got more solar on this vehicle that it takes the power an average home. I'm actually producing more kilowatt hours per day than the average homeowner in the United States uses. Wow. That's really something and air. You continuing to work on it. Do you improve it? You change Do you change it? It sounds like you do. Yeah, absolutely. I mean, I'm I mean, this is something that's completely new. I mean, from the get go of the idea. I knew there was going to be, you know, new products, new upgrades, new things that I could try. And as I've built it out, I've already thought of ways to improve it to make it better. You know, I'm not Ah, billionaire here if I had unlimited funds. This project, you know, would already be in production and you'd have a lot of trucks like this that you could put on the road. But I'm figuring it out as I go, so to speak, so it's been a challenge, but it's been a really fun challenge I've really enjoyed. You know, making it all come together, and it's working right now. And there's a lot of things that on a version 2.0, I'd love to do to improve the efficiency on DH travel range and things like that. What happens at night? I mean, you do you have enough to get enough energy during the during this during the day T drive through the night. Correct? Yes. So I mean, I'm not driving again. The question that I always get is how far do you go? How far can you go in a day? And I feel like that's kind of asking. You know, the Wright brothers how far their plane went, and they shouldn't bother If it can't, you know, go across the ocean in one flight like we could do today so I can go about 100 miles per day. 150 or 200. Maybe if I'm you know, Going downhill at low speed. I've learned that the truck really suffers a lot going uphill, and that's mainly due to the motor and transmission that were originally on this truck. But, yeah, basically charge all day because I don't want to be moving. If you've seen pictures of my truck, I've got basically to wing. That's why it's called Project. Griffin and Griff, is it It's like a you know, hybrid mythical, You know, Griffin on an eagle and a and a lion's body kind of game of Thrones, mythical creature there. That's where the name came from, and I've got these wings so it can't travel with those folded out, and that's 2/3 of my solar production. So anytime the fund out, I want to be charging and charging at maximum efficiency with the wings out so I can move around during the day, the truck and even charged while I'm moving around from solar But I'm not getting the surface area that's optimal. So I try to, you know, set up at sunrise and break down at sunset and then move the truck around. You know in the evening just to get maximum efficiency. Okay, Joshua, hang on. Hang on. Joshua Hill is with us Awaken Solar AA, and he has built a solar powered truck and we'll see what's what he thinks about the future of this in the industry. 3129817 200 on 7 20 Religion it's Nick to Julia. Get Grill ready with WalMart. Find all your faves like Oscar Mayer hotdogs, Kraft Singles and Heinz Ketchup. Then don't miss your chance to win thousands of hot summer prizes with the seas. The summer sweeps..
"fisker" Discussed on Snacks Daily
"This is nick this Jack, and this is snacks daily. It is Tuesday July twenty first the S. and P. Five hundred rose yesterday, making it positive for twenty twenty, which is Insane Jack? I think technically means twenty twenty didn't happen. There seems to be no news. That won't push the market higher right now. The vaccines could turn against themselves. It would still apparently push markets up. The vaccines could start a mutiny, and this would still be a teaboy. Have podcast the best one yet check. What's our first story? He likes to act like it can do everything all by itself, but it just spent millions of dollars for permission to use Google maps, mom, can we please have some dessert for a second story head space and calm our meditation APPs that could probably use a session or two on their own meditation. Space, just partnered with snapchat while Calms Lachey. Get this a show on HBO Max. There's no calm in that store. There was nothing calm about that story, third and final. Story Jack for a third and final story. Fisker, which just went public is the latest electric car company to break the rules of making cars all right so fiscal needs. Factory Volkswagen has an extra factory. We're looking classic. Style win win. Share this share that what's knackers before we hit those stories? Adwa is dead. It's official. The age of the readymade smoothie with a twenty forty expiration date is over now nick and I used to live on fourteenth street with our buddy Dave and our buddy. Timmy rake is and we epic smoothie recipe that rivaled Douala's. It's true. There was a whole lot of way protein, and we claim that the secret ingredient was wait for it mango. There were so much mango in this movie i. I had like one appendage. That was just a mango. Now. The key thing here is that coca-cola acquired walla juice for a cool hundred and eighty one million dollars in two thousand one. It ushered in the era of bananas, strawberries and randomly. Spinach was in every single. Douala's move just was thrown into each one of those. It felt aggressive too much pop syndrome now. Douala though is getting shut down next month. Because get this. Yes, Coca Cola has a bunch of not from concentrate juices in their portfolio. Team, ever and Douala was number seven in coca. Cola's list of not from concentrate drew's brave. jumba juice was in this list. They would be like number three. This is bad. Seven is brutal so tough day for Doi- already, but then coq CEO kind of made a personal he said and I quote we just couldn't make it work with a Douala. This feels like an it's not you. It's me on a corporate level. That just didn't need to happen. So you think the Coca Cola CEOS dark person. He also has a Zombie list of brands that haven't grown in the past three years snacker. Make this up at fascinated us. He literally calls them. Zombie lists. I heard services on that list to nick sounds like Arias dark and give it through this knacker's fun fact before you say goodbye to Wallace smoothies, knackers, peak at Walla actually came in two thousand and ten. That's right. Douala, and quidditch were both in the hit. Middlebury College classic the Mid Kid it was all downhill from there also correlates when they added spinach. Let's hit our three stores. Innocence daily. Behan Rain Food Candy. Don't reflect the views. Her families live formation will just so. Commending securities, it's not a research, report or investment, advice, offer or sale of a security. Next digestible business. Financial LLC member favor. Slash S. P. C.. For our first story, the brand new car company FISKER is trying to build cars the apple way it wants to design the electric cars believed the actual building of the cars to someone else for talking about Fisker, which is the latest company that has never sold a product to still manage to IPO twenty. Nineteen companies IPO that had never had a profit before true thing. Twenty twenty companies are I appeal. That have never sold a product. It's getting wild. It's like somehow getting on the bachelor when you're still the kind of person who's wearing cargo shorts on a weekly basis i. Don't think you're ready for the BACHELORETTE. Not Quite no one's getting the road smackers Fisker Electric Car Company that IPO through a popular back door process. That's getting a lot of love and twenty twenty. It's actually a great word to say even though tally confusing, it's called a SPEC that stands for a special purpose acquisition company way. We set up. This publicly traded company just to acquire you. fisker like it's not a real company with real business. Until the acquisition ipso facto fisker was a private company now because it's been acquired by a random public company, it is now publicly traded now if you search for fisker stock, you're not gonNA. Find It. It's currently called Spartan. Energy Acquisition Corporation. They're probably going to change. Change their name to fisker event. That's the company that acquired fisker sounds more like the kind of thing that like like an evil Gary Oldman, we're playing a movie. That is the executive of this thing all right, that's it. We're not talking about Ip loophole anymore back to the store, so fiscus got this interesting electric SUV ocean at selling for a cool under thirty thousand dollars. It's GONNA sell eventually under thirty thousand dollars. There's nothing for sale yet, but now get this. The preannounced a super novel, interesting partnership I of this pre pre announcing. It's not going to build its own factories to mass produce like Tessler or any car company does instead fisker is going to use Volkswagen's fancy new electric vehicle assembly lines to produce its own now. They're straight up out Alani. They announcing things that aren't even a thing within their company and get this, although the company hasn't confirmed it the. The CEO did tweet that it's happening, so it's like Super, Eli aggressively out Alani Lot. Now this got Nick Knight, thinking. Some of the most successful companies in the world don't even make their core product their profit public up and down your house Nike doesn't make the shoes. Casper doesn't make the mattresses. Those companies outsource production to a huge network factories in low cost countries that are owned and managed by someone and the key one. Here we're thinking about is apple which doesn't make the phone just. Designed in Cupertino made in China Foxconn is the mega tech manufacturer based in China. That's assembling your iphone now. Technically, we want to preempt the apple lawyers on this. They do get a lot of their iphone parts from the United States factories both be honest made at Foxconn right but one industry that always makes their own stuff. It is car companies. Ford's got factories. Tesla's got factories Honda. Peugeot you name fisker is going the apparatus. It wants to design only and let vw the actual building here now. The pro of this set up is according to fisker. That will accelerate the time to get its car to market, and it will dramatically reduce vehicle development costs, but the interesting kind here for fisker innovation could suffer aggressively because it's completely dependent on volkskrant. Be Like I'm. I'm ready for a third model in Volkswagen's like sorry. I need three more years because I have no idea this new product that you just sent me a fax, so Jack what's the takeaway for our buddies over fisker? The car industry followed the same rules for a hundred years. Throw those rules away. smackers car companies that follow old school rules aren't getting any Wall Street love. Love right and we talked about this last week Ford. Motor Company is worth one eleventh of Tesla on Wall Street. You walk around the streets at Detroit. You're starting to hear this. That's just not how it's done in the auto industry junior mic. That is not an acceptable response to an idea. In fact, is someone in response to your idea with a well son? That's just not. Not How it's done kind of a different situation that means you're might actually have a great idea on your hands. Four our second story snapchat heads space just partnered up to bring some mindful. Miss to teens, nick, this shows the barter economy can still form strong relationships the bark what is sixteenth century Holland I kind of bark, the barter economy that way to save barter Jack. Jack, there's no crime here. No Crime Nick, I'm talking about the hilarious APP for sharing short videos of you eating. NACHO cheese from a buddies face from twenty seven to twenty, one thousand nine hundred acres. That wonderful APP experience was exclusively on Snapchat, but now that story we're talking about TIKTOK. which is a huge threat to our snappy buddies over in Santa.
Rocky past in tow, Fisker promises a new electric SUV
"This. Marketplace podcast is brought to you by the university of Florida Warrington college of business transform your future with an MBA from one of America's top ten universities. Learn more at Warrington dot ufl dot EDU slash MBA and by brother Inc fest -ment tank printers. It's happened to all of us right before an important presentation. The printer runs out of ink brother Inc. Vestment tank printers help put a stop to this. And can literally change the way you Inc. Your choice of up to one or two years of ink included in box helps eliminate the expense and hassle of frequently buying and replacing in cartridges. Learn more at change the way you Inc dot com. There's a new electric SUV being developed by a charismatic visionary whose name dozen rhyme with tusk from American public media. This is marketplace tech demystifying the digital economy. I'm jed Kim in from Ali would. Hot on the heels of Tesla's model. Why announcement comes the news that carmaker fisker Inc? Also wants to make an electric SUV at about the same price celebrated sports car designer Henrik fisker started his own luxury electric vehicle company in two thousand seven for awhile. It even seemed he had the edge over rival tesla. Then came prediction of the karma in two thousand eleven the one hundred thousand dollar plug in sports car was widely panned and barely sold. It would take a whole lot going right for the fisker Inc. SUV announcement to Mark any kind of real turnaround. Chelsea Sexton is an electric vehicle industry advisor and advocate. She caught us up on the company's rocky history. Dan's it up going bankrupt and the assets for bought for a fraction of their value by Chinese firm who has reinstated the company as karma while fisker remained. His name now is trying again promising a forty thousand. Dollar SUV with three hundred miles of range inside of two years with a not very large company to begin with zero details about who is using for his technological or propulsion support and no manufacturing plant. So I think I'm probably not one of the only ones that's a little bit skeptical on the promise. What do you think he's making the move to an SUV? I think he's trying to raise money. I mean, generally speaking when we see these big bold promises from any of the startups, and there are many now and fisker is still a relative startup. It's usually an attempt to garner media attention and therefore raise funding, and it takes on average. Well, over a billion dollars to launch a car SUV is a means to an end. What is the end that? He's tried to leverage. What's interesting is that he is doing the reverse model of tesla and everyone else or is now claiming to where originally and what most do is start with a higher end vehicle and try to work their way down into something. That's economically affordable and the higher end vehicles produce more profit and therefore fund the next one down the chain just like roadster, and then model S an axe and now down to model three he's now saying he's going to hold off on the premium car and till after he delivers this affordable SUV and go the opposite direction that remains to be seen. And if he can deliver either one of them in any volume, and certainly take care of the after service and after-sales kinds of of needs that always get overlooked. So his endgame ultimately has to be credibility, his his lost most of that in the last several years in terms of being an actual automotive producer, or you know, CEO of a car company. He's still is a pretty designer. That's never really been in question. But whether or not he will ever be more than that is something he's still has to earn. Chelsea Sexton is an electric vehicle industry advisor and advocate note for his part, Hendrick fisker points out in an interview with Bloomberg that he has delivered a commercially produced plug in vehicle and learn first hand plenty of lessons to apply to his next project. That's not something many others can claim. And now for some related links fisker have been promising a hot new vehicle for a while now. But it was originally going to be a sleek sporty sedan the emotion we've known since September. That's he flagship vehicle would have to wait. That's when Henrik fisker told clean Technica Avia available at the lower forty thousand dollar price point would come. I just didn't say it wasn't SUV. He also talked about the solid state battery. He says the company is developing as their other main focus the battery would replace lithium ion technology, solid state batteries are at holy grail of sorts for e vs promising driving ranges way beyond three hundred miles and charging up in a matter of minutes. This ings batteries were originally scheduled for next year. But green car reports says it's looking more like twenty twenty two at the earliest fisker said in an E mail to those reporters initial timelines have always been targets targets not promises. I'm jay. Kim. And that's marketplace tech. This is a PM. Caroline in Brooklyn, New York wrote to tell us she's a longtime fan of marketplace, tech and appreciates the content and the mission thinks Caroline to join her in keeping marketplace tech going strong donate online today. Marketplace dot org, and thanks to Carolina and all the marketplace investors who make our work possible. This marketplace podcast is brought to you by with Sabi cloud storage, thinking about moving your data storage to the cloud who saw the enterprise class cloud storage at a fifth of the price of Amazon S three and up to six times faster with no hidden fees for egress or API requests who saw these low cost high speed fully secure storage blows away the competition, including Google and Microsoft distribution starts here. Do the math for yourself and start a free trial. It was Sabi dot com.
"fisker" Discussed on Optimal Finance Daily
"The disappearance of the middle class by Jacob Lund fisker of early retirement, extreme dot com. Zev pointed me in the general direction of Huffington Post and their posts about the disappearance of the middle class and what they referred to as third world America. And what we need to do to save it as I was reading more and more I felt more like grabbing someone and shaking them scratch that more compelled to write an answer. Unfortunately, I ran out of space on their site. So here goes I'll tell you what we need to do the middle class needs to start by taking a very serious look at itself because all the problems that the middle class is undergoing could have been prevented by making different choices. The middle class can be divided into consumers and savers or producers in recent times consumers have far outweighed savers and producers unlike say during more thrifty times, and so the middle class is often confused with consumers those of us who belong to the saver producer side are positively thriving in this economy. The only thing we have to deal with is consumers who keep telling us to buy more stuff because apparently. Stuff makes you happy. I guess my former neighbors who had so much stuff stored in their garage that they had to park their car in the street must have been supremely happy irony aside as a country America is very productive. There are enough resources to live very well. If those resources are spent wisely we are twice as productive as we were fifty years ago by all rational means it should be possible to work only two weeks a month and live perfectly. Happy lives. Alternatively it should be possible to work for less than a decade. And then retire early. I did just that you can do just that. Unfortunately, many people did not they spent their riches without a second thought. Here's the exact problem with middle class consumers as a group. It's net negative productive. It takes more than a gives despite how hard it works. It consumes more than it produces. It spends more than it earns it lives above its memes. This is possible because banks and credit cards have enabled this behavior through cheap credit. Whether this is. The fault of the banking system or the middle class that is the creditor or the debtor is an age old question. It's like asking who's responsible for murders. The person pulling the trigger or the person giving him the gun. It comes back to personal responsibility. I'm not touching that one with a ten foot pole in this post. I suspect you know, where I stand on this issue. The worst part of it is living in a culture knowing that this didn't have to happen..
"fisker" Discussed on CarCast
"From the engine give you that extraordinary performance i keep seeing ads pop up for fisker and i'm like who bought those wow no everytime chinese or something or of somebody but no they're coming out with the new fisker yeah i'm so confused as the company is like there's like the fisker karma electric car then there's like a gas engine version that somebody else bought some patents or rights to or something so i'm not sure henrik fisker was in here it is a very entertaining guy like talking to that guy but i don't even remember which company he's a part of he's the one that uses re locally sourced driftwood for the dads get it off the five five of the off areas i just i just remember thinking oh this is cool like a plug in electric luxuries gt whatever but maybe a maybe a little head head of his time maybe it's a little like kelly johnson kelly johnson skunkworks lockheed you know his whole thing in the forties it was like delta wing that delta wing but they couldn't do it without a comp couldn't do with propellers and no computers and everything but he saw that's what it was but the technology wasn't there now everything is doubt the wing because he needed a computer chip and didn't he didn't have one maybe fisker as a little head of his time maybe a little trying to trying to do then nissan race delta wing thing at loma right there pointing aero shape yeah that thing called delta wing though twin from like was that the one that took off or those another car that took off now yeah that had the why wheels in the back the little tiny ones in the front it was long it looked like a dart like an arrow hey like none of it makes sense and and that race it was fast but i think it broke or something i don't think it flipped everyone's like it's going to just flip where's down no it's it's super smart not gonna flip where's my clarinet i mean obviously mclaren's whole heritage is is racing where's mclaren now with racing in the road called vision yeah i'm i'm trying to think there's such a there's so many different races the f one engines and stuff like that right right and then you guys are the automotive parker how do.
"fisker" Discussed on Swift Unwrapped
"About reducing screen time and understanding like how some of the tech is manipulating you to keep you engaged when maybe don't want to so i was very happy to see that now along with the better the improved like do not disturb feature so i if you're just in a meeting you can turn on do not disturb just to that meeting your calendar i guess in knows how long the meeting supposed to be right right yeah that's awesome because i often will turn it on and then forget that it's on and then i'll miss always notifications and then yeah so super convenient yeah this is something that google also recently focused on at their google conference in coming introit p believe and so inevitably you'll have a lot of conversation saying well this is reactionary like google is done now apple's going to do but obviously this has been a little works for a while and it seems to be extremely well implemented just looking at some of the graphs is actually kind of addicting i might need to save dev was it called time screen time i might need to track the time it's been in screen timed play my graphs and trying to limit that a little bit dated nerd he's gonna spend most of the time in there just analyzing usage it's going to have yeah my phone increase is going to go up just because i'm gonna keep looking at these graphs fisker in time worst screen time and the no no i don't think so i feel it shows should yeah but then how do you track the time that you're looking at that oh.
"fisker" Discussed on No Agenda
"On three cylinders yeah that's punch i'll tell you i mean you won't get late banker instead of driving that luxurious tesla is now driving around on mini cooper i think that's what he wants his wife to dry but she took the porsche was he got stuck with the mini cooper as something like that he was like oh he texted me i'll pick you up in the mini each should attach telling to get that whatever that evi one with at b m low slung bmw hot rod oh oh yeah yeah of course that's what i told him to get in the first place and then it's like was talking about the i three i said you know one thing if if you already married and you don't wanna get laid it's another thing to make that public and drive around one of those things that's really that's zero six zero sex appeal anyway i was i was pleasantly surprised by that part of it but yet you're right is inefficient doesn't seem to work it we're all google gaga over it we'll see where this ends up so i got corrected by one of our producers who with noddy and says that now he says fisker did the first day never used any fisker ideas at at tesla uses hans character who still there was designer and i have been looking into it and i i haven't made i have to do an interview with fisker and find out what the scenarios they did part company before the s came out do you think you can do that before thursday since you know.
"fisker" Discussed on Optimal Finance Daily
"This is optimal finance daily episode five eighty ecological capitalism and consumer capitalism by jacob lund fisker of early retirement extreme dot com and i'm dan i'm here every weekday reading to you from some of the very best blogs on personal finance anywhere and a reminder that in a couple of weeks we're going to be giving away another book to a random person who's on our mailing list so if you're not on that list already now is a very good time join all you have to do is come by old podcast dot com to sign up for now let's get right to our post as we optimize your life stress ecological capitalism and consumer capitalism by jacob blunt fisker of early retirement extreme dot com quote the master said see do you regard me as someone who learns much and committed to memory she gong replied yes are you not the master said no i use one string too tight altogether and quote from the analytics of confucius have you ever noticed that what used to be referred to as citizens or workers are now referred to as consumers have you noticed that the solution to our economic woes is to give people money so that they can go out and buy something our culture is living out a story a story that is based on man taking over dominion of the world with a full rights to take fruits herbs and animals for his own consumption this idea might have made sense five thousand years ago but now our demands are so great that not only are we consuming food we are also clearing out other life to build houses roads and gulf courses quote how about i move twenty miles away from the place where i work and my.
"fisker" Discussed on Baseball Tonight with Buster Olney
"Yeah it's a it's a lot to get a my right routines down but you know to fund challenge then you know these guys make it easy on me you know working hard right next to me and is this been fun it's been fun battling with these guys every night mad fisker shen alex rodriguez jessica mendoza asking those questions after the game looked tim we thought the yankees would be really good this year but it feels like right now they are absolutely gathering momentum is they begin this stretch of games when they play some of the best teams in baseball they begin a series with the astros the beginning of this week they're going to play the indians they're gonna play the red sox look it's the best i've seen him play in years with a rolled around right now and they played some pretty good teams here lately buster teams that went to the playoffs last year they angels were really hot with the anti showed up not anymore there this nine game winning streak buster they've outscore their opponents basically five runs per game that significant there era during this time as one seventy six they're pitching has been terrific but to me the big difference is they entered the season or not sure about their days not sure about second base and here we are labor tour as looks like he belongs in the big league has an everyday second baseman and began do har looks like he belongs as third baseman those were the two spots that i wondered about and now already i don't think there's a question there when they get greg bird back that left handed bat they need for the middle of the order they will not have anything close to an out in that lineup meaning i'm not sure they can get better than they are right now but that lineup's going to get better believe it or not with bird return and.
"fisker" Discussed on BiggerPockets Money Podcast
"Seeing that blog reading it every day and there was a guest post from early retirement extreme and may not have been a guest post a may have been like a review of the book now early retirement extreme and that's a book by jacob blunt fisker and he has a website early retirement extreme dot com and it just laid out the math behind early retirement which as you guys know is very simple it's you know the four percent rule or any of these other trinity studies that you hear talked about and i know you guys have talked about on the podcast and it's just like it's like oh that was the biggest light bulb of my adult life and i was like wow this is what i'm saving i want my freedom like that's worth buying so so that was probably two thousand eleven at some point and then i started them adventist in two thousand twelve because i was like i know i can get to financial independence quicker if i actually put in a lot of work to like at the time i thought it was going to be studying like investment strategies i was like if i can become a better investor i can get there quicker so i was like i'll start this site and two things i can like the the need to publish post will force me to do the research that will help me get defined intro independence quicker and i can also start at podcast at the same time so that i can talk to people who have already done who've already retired early and i can find out other secrets for how they got there so so that's what i did early twenty twelve i started matt fantasies and i started the financial independence podcast and it definitely helped.
"fisker" Discussed on Radical Personal Finance
"North and five jacob lund fisker and then that was all buttressed by my academic studies in in financial planning where i was exposed to new areas as well but those would be the five people that i would trace as having been deeply influential on my own financial philosophy oh that's yeah that's that's an excellent way of actually thinking about things chronologically to i it it's it's encouraged me to to to sit down and actually make note of that as well to think about it from chronological perspective because if you're thinking about just to fire off the top of your head you would not think of the the earlier years because that's obviously you know it shaped and molded who you are today but it's it wouldn't be who you choose if you were telling me here's the five people to go study that's you know what i'm saying it's a it's an excellent way of looking at it right right and that chronology i could trace the various challenges and and struggles that i've had in different areas of my own philosophy like giving example when i was younger the start with get rich quick guys get rich quick gurus the get rich quick gurus advertise hedonism as their primary the primary advertising mechanism it's all about look at me look at the car i drive look at the house i live in it sarah i was raised with christian parents who were not hedonist my parents always gave a huge amount of money gave significantly and they met the needs of their family but they never focused on consumption but in that normal kind of adolescent post adult reaction against that i was interested in getting rich so i can have fancy things and i used to make my look book of my.