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Hannah Elliott

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2020-02-07
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2020-02-07
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  1. Great advice. We have been speaking with Hannah Elliott. She is the automotive columnist for Bloomberg. If you enjoy this conversation, look up an intro down an inch on Apple iTunes, and you can see any of the 300 previous such conversations. We love your comments, feedback, and suggestions. Write to us at MIBpodcast at bloomberg.net. I would be remiss if I did not thank the crack staff. That helps put this together each week. Paris Wold is our producer, my audio engineer is Mark Sinescouchi. I'm Barry Ridolts. You've been listening to Masters in Business on Bloomberg Radio.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  2. And our final question. What sort of advice would you give to a recent college grad if they were interested in a career of either automotive or journalism or automotive journalism?

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  3. So it reminds me a little bit about bad blood about Theranos, where you have this, although there's no fraud here. There's a lot of criminality, but it's really fascinating how this idea turned into a world-changing thing. Yes.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  4. Although people used to make the same arguments about television news, that it creates this really distorted viewpoint until people like Pinker and Rosalind came along. Most people didn't realize how crime has been plummeting over 40 years. You watch local news and it's all stabbings and shootings and what have you. So that's three books you gave me. I'm going to give you one book which you might like. Have you read Super Pumped, the book about Uber?

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  5. What I mean by tough is his behavior is egregious and the Times coverage, some of it is really like, oh my God, this is disgusting. It's hard to.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  6. Oh shit So I'm not going to ask you that because I know we're a little tight on time. So let me just go to number five. All right. Tell us about some of your favorite books. What are you reading these days while you're traveling back and forth between New York and LA

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  7. There's a hangover of danger that he may go off the rails. So that's always in the background. And I think that creates a tension that wasn't there. He's gotten much better.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  8. It's amazing the people who are most likely to toss about the word snowflake are the biggest snowflakes there are And I'll just leave it at that. I want to get to my favorite questions that I ask all of our guests in our final few minutes because I've kept you here for three hours. It's been awesome. I am having a lot of fun with this. So I normally, I used to ask people what their first car was, but you shared that. So I've moved towards...

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  9. It's sort of like Gamergate where the response to the people The basic premise of their response is just about how dare you?

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  10. How was that era of the 60s? Sure, like I remember that. No CGI. That was all real Which was visible to anybody who watched it.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  11. Males, all of the white dudes were doing their thing. And I thought you were dead right when I read it. And I remember saying to myself, She's going to get some pushback about this. What was the reaction to that?

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  12. Fun, all about this, that, good tension, this, that. But you pointed out that the movie was filled with these meek little secretary women scurrying about while all of them...

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  13. And it pops up because that little back window that comes up is like five inches tall. And that's good for 10 degrees. You could take the car out in the 50s as opposed to the 60s, and there's no buffeting, there's no noise. Astonishing little bit of, and it's not aftermarket, it comes with the car. So speaking of... Crazy cars and how people respond to the sickness, you wrote a really interesting review of what I thought was one of the better movies last year, Ford vs. Ferrari. It was, you know, sometimes you go to a movie and you're disappointed. That movie was exactly what I expected.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  14. And I'll tell you what makes a huge difference in the six and the two. So there's this interior screen that you put across the back seat.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  15. I have a scarf with me, but what I will do is dress appropriately. Like I'm not snoopy chasing the red baron with scarf blown you. I mean, good. But for my birthday, I have these beautiful, my wife got me these beautiful British racing gloves.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  16. It represents something. This weekend, it's going to be 65 degrees, and I will have this car out with. My line in the sand is 50 degrees. My wife says 60, but...

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  17. I will do carbon offsets elsewhere. And it's not like this is my daily driver I put 2,000 miles a year, or maybe more, maybe 4,000. It's the weekend car. That's great.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  18. And they're like, aren't you concerned about the environment? I'm like, I'm very concerned about the environment, but I waited decades to be able to afford 600 horsepower.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  19. It's a little bit of an obsession It's like if you don't get it, you don't get it. And if you do, what sickness? You just get sucked right. My mom has said the first word I ever said was car.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  20. Can view their variable APR in the wallet app or at hard.apple dot com AppleCard issued by Goldman Sachsbank USA, Salt Lake City Branch, Terms and More at AppleCard dot com Welcome to the podcast, Hannah, thank you so much for doing this. Thanks for having me. I've been looking forward to this for a while. Friends and family who aren't crazy hardcore. Car geeks can only listen to me babble about themselves.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  21. This message is brought to you by Apple Card. Sometimes life's journeys take you on the roads less travelled. That's why Apple created the titanium apple card to use anywhere in the world where MasterCard is accepted. Plus with Apple card, you can earn unlimited daily cashback on every purchase every day, whether you're in Paris or Pulau, and no matter where you are with Apple card, you won't pay annual fees or foreign transaction fees, no fees, period. That's the power of Apple Card. Apply in the wallet app on iPhone and use it right away with Apple Pay. Subject to creditor approval, variable IPRs for Apple. twenty twenty six, existing customers.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  22. Right. I love it. They're Italian. Yes. We have been speaking with Hannah Elliott. She is the Bloomberg columnist for automotive and supercars. If you enjoy this conversation, be sure and come back for the podcast extras, where we keep the tape rolling and continue discussing all things. Automotive. We love your comments, feedback, and suggestions. Write to us at MIB Podcast at Bloomberg.net. Check out my weekly column on Bloomberg at Bloomberg.com slash opinion. Follow me on Twitter at Ridoltz. I'm Barry Ritoltz. You're listening to Masters in Business on Bloomberg Radio.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  23. They already are. That is the world's club. Although we're seeing an endless run of electric supercars coming out at $3 million.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  24. I can't say it on the air. You have two different programmable settings. If you put it on the most aggressive Sport Plus on everything, you could literally watch the gas line go down. So, the other electric car have to ask. Have you seen the Rivian in person? They look really interesting, don't they

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  25. And I swear this guy said this exact thing to my wife and I. So this has got to be like 15 years ago. He goes, it goes very fast from gas station to gas station. It's perfect. To your Bentley thing. And it's absolutely true. And I love the programmable settings. And if you put it on, I call it

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  26. The X, the reason I won't pull the trigger on the X6 is they won't even give you a hybrid option. And that's a giant car that gets three miles a gallon. Although to be fair, the M6, the first time I saw an M6 on the road was in Quogue outside of this little brunch place. And I'll never forget, I asked the guy, I said, what is that? He goes, oh, it's an M6. I go, how do you like it?

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  27. At all. You loved. You said it was the most important car last year Okay. How long do you think we're going to still have gasoline engines for?

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  28. But he's done it. If it hasn't happened yet, it's in the process of happening. And like everything from ABS to airbags to crumple zones, it's going to start in the luxury cars and work their way down. Speaking of electric luxury cars, I know you like the Polestar. What was your experience with that? I love it. Very handsome.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  29. He believes it. You know, whether or not we believe it, maybe he's right. I don't know. I'm just spitballing here. Yes, yes.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  30. So That's not going to work because the reason Mars is a desolate. Wasteland Their liquid iron core cooled and solidified and without a magnetic field around the planet the solar wind just blows everything away. That's a longer digression we can have. So until you figure out a way to protect the planet from the ongoing radiation from space and gamma rays and the solar winds, it's a waste of time.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  31. Automobiles have been the second largest consumer of semiconductors for like 15 or 20 years. I mean, cars are rolling computers for a long time. The question is, which comes first? The automobile of the computer. He said, let's make the computer first and put it on wheels. Right.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  32. At least as of today, it looks like Tesla is first to market with this like your phone on a pad, that eventually there's a pad in your garage and you pull in and you're not even plugging the car and it just charges automatically.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  33. Just feels better. I love the idea of the auto updates over the air for the Tesla. The autopilot, what do they have five billion miles of autopilot? That's amazing. I know. And then the concept that.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  34. Tesla, you can find, there is a world of difference in the fit, the finish, the quality. You get in this car, you know, you're in a high-end luxury car. It drives great. It feels great. Everything works. He goes, Tesla's a very nice car.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  35. So let's talk about the Tycan as long as we're talking about. Tesla. Actually, back to Doug Demoro did a review of the car and he talked about, first of all, he lost his mind over the acceleration. But people said, hey, this turbo at 185 is an insane amount of money. But then he said, he goes, take the nicest...

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  36. Completely. I have described Tesla as having already won. Forget the stock. The world has changed because of Elon Musk and Tesla.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  37. Sure So you mentioned the Tesla pickup, which I don't think will look anything like that. I think that's a joke. But let's talk about the Model 3.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  38. No, 59 days for base. Okay. And you're going to want to just add a couple of things to it. I mean, you can take it up to a buck and a quarter. It's not necessary. But you go 7580. That's a lot of car.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  39. There. So that would be a fabulous car. And it is spectacular. I got to ask you, since we're talking about future cars, what do you think of the new Corvette?

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  40. Car hybrid Right. But that's like a time, you know, it's a three-cylinder, some silly little engine in it. I know. And they didn't have to go crazy. Just give me that M3 straight six from the late 90s. And where everybody's happy, right?

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  41. What comes up on your hand? Right. I mean, that was my, but basically watching someone buy... Was the last car he did? Oh, he bought a Rolls Royce, not the Wraith, but the car before that That I think he paid $80,000 for it, put about $20,000 worth of work, and it's a $250,000. Amazing. Use $250,000 car. And it's just spectacular. I've seen, so I'm not a giant fan of the BMW i8.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  42. All the electronic harnesses and the entire fuse box, so it's three different electronics, it's the fuse box, and then it's everything else, the lights, the brace, whatever. So it really was not expensive to replace those pieces. And eventually you had to replace the brake pads. Had some rust on them, and I'm pretty sure I broke the parking brake. Because sometimes I just

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  43. And he's just a very articulate mechanic, and he will put them back together and either keep them or sell them. Cool. But if you really want to get into the nitty gritty of what goes into, and I've bought a couple of salvage title cars when I was looking for the stick shift M6, there were two for sale. The blue one in Indianapolis and then a salvage title, Red and Coach One in Florida. And that car is just so chock full of electronics and everything else. I didn't want to mess with the salvage tile. My jeep, it's two hamsters on a treadmill. It's a lawnmower engine in there. Right, that's right. So the salvage title was more or less fine. And I just replaced all the electronic.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  44. I've seen some I've seen some British reviewers, but kind of randomly finding them doing, you know, this is the old days of Top Gear when it was fun. People have now said, all right, let's just take a car out and show you what it can do. The other guy I'm Jonah Blanc on his name

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  45. And some of the quirk, he does the quirks and what have you. And some of the funny little things that he picks up, I'm like, I would never have found that.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  46. They don't do camries in a cord. No, no, of course. So they're doing Bentleys. In fact, he just did the new Bentley. Yeah. I read your review and then I went and watched.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  47. One of whom I honestly don't even remember his name, but the person whose videos I watch pretty regularly, let's see if you could guess who that is.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  48. It's running. There's nobody in the car. It's idling and it's just that idle is insane. And I'm like, this is the most North Shore of Long Island thing ever. Picking up bagels, take the McLaren. Yeah, sure. Because it's got the form. Yes, you do.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  49. The truck next to me, and I hear this noise. I'm like, what is that? And the truck next to me backs up. And there is a guy, McLaren. Not the GT. 720. The big one.

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source

  50. They're not for The GT is in the So I tweeted this weekend. I went to pick up my family over for brunch. I go to my favorite little bagel store and I pull in New York. I pull in with the truck and I get out of the car and...

    2020-02-07 · Masters in Business · Hannah Elliott on All Things Automotive · IDENTIFIED FROM THE TRANSCRIPT · source