Inflation Heats Up, Anthropic Investor Day, Tesla Roadster Mania| Diet TBPN

So the market is mostly reacting to the Anthropic Investor Day numbers, but it's been in a decline for a long time. For the last month, CoreWeave's down something like 50% over the last month or so. It's been rough in the AI trade broadly. Way off. Only 16% over the last month. It's crazy that you can be growing at 45% quarter on quarter and still not meet expectations. But when people have had in their minds 10x every year, 10x revenue growth every year, and Anthropic goes to their Investor Day and says that Q3 revenue was $16.8 billion, which annualizes to $67 billion— $67 billion, I don't know what they were doing there. That seems like a little bit of like— OK, I get it. It's like the Zoom reference. But this is serious financial. There's a lot of money on the line. Can we not do the meme thing right now? Yeah. Anyway, they are in fact annualizing their quarterly run rate to an annual run rate of $67.2 billion, which is remarkable for a company that was doing a 10th of that a year ago. But it's seemingly not enough, because everyone in their minds was like, they're going to surprise to the upside. They're going to throw up $90 billion. But they really have been fighting fires on multiple fronts. There's the Meta business, which has pivoted over. They're probably using their own model now. And maybe they— and there was that leak of an executive at Meta saying, oh yeah, if we stop buying Anthropic, it could really mess up their IPO. That would be a shame. I would hate for a company to IPO at lower valuation than us since we're almost $2 trillion. That would be terrible. So it seemed like sort of a veiled threat in the media. And then— Distillation. Distillation. We actually got a number. So distillation is between 5% to 7% of revenue, which I think is a little bit lower than people were expecting. But it feels like the Anthropic team— David Sacks was celebrating this, that, hey, there was this big problem. And one of the proposed solutions was ban open source, do all this crazy stuff, slow down. And David Sacks didn't want to do that. And then Anthropic came out and said, hey, we did a lot of work. We deployed our own— frontier technology to fight this. And we believe we have fought it. And we believe that we can shut down distillation. Pretty staggering that 5% to 7%, that's billions of dollars spent stealing from— because that's the value of the distilled tokens, which is pretty crazy that you can be at that scale of essentially fraud. Like, you're not supposed to be distilling. It's against the terms of service. And usually when you see somebody, oh yeah, there's somebody who's scraping LinkedIn, and then they're reselling the data or whatever, it's like, yeah, they might have a couple million dollars deployed into this scheme. But you're looking at $5 billion of fraud, essentially, or run rate fraud, something like that. But as they fight that fire, obviously, that's going to be a drag on revenue growth. If they open the floodgates and we're like, yeah, go. Distill away, you know, at least in the short term, revenue would be growing faster. But in the long term, there'd be much more competition on the frontier.

But it's certainly not as meaningful as some people on the internet thought it was.

Yeah. I mean, there were like some trolls who were like, oh yeah, once you get rid of Meta and distillation, company's gonna be doing, you know, $2 billion a year. And it was like, no, that's not gonna be the case. Like, this is installed in many, many organizations. This is a mature go-to-market. The

question now is what happens to the frontier of the open weights ecosystem, right? Does the gap widen?

Oh, because they're shutting down the distillation? Yeah.

We'll see how effective it is. Being on the frontier just means you're getting distilled. If you're not getting distilled—

That's the definition in your mind? It's like, unless you're getting distilled, you're not frontier?

Yeah, I think that's the most honest definition. Like, unless other people will spend a lot of money to try to emulate your model and recreate it, then you are not.

That's a good, that's a good, like, reality check.

Yeah, I mean, so one thing is Meta released an open source model today.

Yeah.

MuseSpark Open.

Yeah, yeah.

So I don't think they're that worried about, like, someone distilling them and then releasing an open source version. That's, like, that's technically what they did.

Seems very different ideologically, right? Yeah. Yeah. And often they're going through, like, third-party wrapper companies. So there's a lot of companies that are like, yeah, we're like, an AI-native document editor. And there's like a bunch of these. It's not just like Notion that we know about, and this is not just Google Docs. Like there's a lot of these companies. You set one of these up and you're like, yeah, and you pay us a fee and we go and we inference Claude or we inference GPT-6 or whatever. And then that goes into the document. And then all of a sudden, if somebody's using that like, AI Word doc to do the distillation, then that SaaS company, that wrapper company, needs to go and figure out, wait, why is someone generating all these documents? Maybe they can't even look at the documents. And then from Anthropic's perspective or the Frontier Labs perspective, they're just seeing like, oh yeah, one of our SaaS wrapper companies is like sending a bunch of queries across their entire network because they have thousands of users, maybe hundreds of thousands of users, and it's hard to tell. And so there's a lot of wrapper companies that have gotten to like crazy revenues and basically no one uses the products because it's the distillers or the distilleries that are like, ooh, new wrapper company? Like, can't wait to spin up 1,000 accounts on you because you won't detect me, but Anthropic would. Very interesting.

Distilleries.

Yeah, distilleries. You got to take a trip to the distilleries. Well, what's going on in the market?

Yeah, where did that lead us? That led us to—

The conclusion is sell everything?

Uh, yeah, I mean, especially your dollars. Sell your dollars. Sell your dollars.

Sell your stocks, sell your bonds, get out of everything, get into land, buy guns, food, medicines. We, we will be on a barter economy soon, I think. I think that's the main major prediction. No, people are blackpilling.

Um, sell your assets,

sell everything,

sell everything, take your dollars, invest them into A Roadster or maybe a Mission S.

Yes. And then also, it's very clear that there's this tall poppy syndrome in the frontier where whoever is in the lead, all the other businesses are like, well, we don't want a monopoly on intelligence. And so let's go buy from the other labs. Let's go figure something else out, fund, invest. Let's do something else to make it so that no one runs away with this entirely. Of course, There always could be some sort of runaway, but at least while businesses are the ones that are deciding, you will see the Microsofts, the Amazons of the world. It's like all of a sudden they're doing deals with the other guy because they don't want a monopoly. And so as soon as someone starts running away with it, there's this huge forcing function where you're like, oh wow, there's a big, like, you know, the anti-YouTube alliance or the anti-Netflix alliance or the anti-OpenAI alliance was a thing. And the anti-Anthropic alliance like comes together and these alliances come Anytime someone's getting a little bit too hot at the party, somebody's like, yeah, we got to, we got to pull the punch bowl away a little bit. Yeah. Anyway, the news—

Gerstner was on CNBC this morning.

Okay.

He says we have sold— this is according to Amit— we have sold all of our CoreWeave. We don't own any of it today. We've taken exposure down over the last 3 months. We felt AI had overshot and would lead to a period of consolidation. They moved 10% of their book into Meta and Tesla. And again, Brad usually ahead of the curve. Sounds like he was here as well.

So the interesting thing is people aren't actually selling everything. They're not actually selling their dollars. That's just the meme. Of course, Citrini says, oh, it's over, over, which is very funny. Just to put it in perspective, the Nasdaq is down like a 0.3%, 0.4%, not much. But then the Dow is up almost a full percent. So what's really happening is that there's just a rotation that's happening while the Dow and Treasuries are getting more attention while tech stocks pull back. Obviously not good for the AI trade in the short term, but there's a lot of new initiatives and we'll go in through to some of the progress because there is some interesting AI progress going on. But at least over in the AI trade, over in tech world, it's rough. It's notable that this Investor Day is not the actual IPO. This is a precursor to that. It's maybe almost like airing some dirty laundry. Only way to go is up now.

Baja Blast.

Time to Baja Blast. Yeah, maybe they got through the Code Red. Now it's time to Baja Blast. The inflation is up. So if you are— if you were short stocks, And long inflation, then you're very happy today. Hopefully. I mean, if you own real assets, you're probably pretty happy. Joe Weisenthal says that was the hottest PPI number in four years. And yeah, it's it's banger. Pretty rough time. You're really having fun. Did you see inflation for the one percent? This is CPIreserve.com. We can pull this up. It looks at inflation. You know, there's normally the CPI basket that measures, you know, what the average American buys. CPI Reserve is for the global elite. So it tracks how much does it cost to go to space on Virgin Galactic? How much does it cost to stay at Amangiri in a base suite? An Hermès Birkin bag, how much has that gone up?

The spicy rigatoni.

Really?

Only up 31%. Oh,

I didn't know that. Porsche 911 Carrera. And so there are some, there are some interesting stats here that we can go through. And you tell me whether these are overrated or underrated. Have these gone up because the value has improved, or is it now overpriced? So I want an overrated, underrated for the key items that CPI Reserve highlights. So the classic Chanel flap in 2016, it was $4,900. Now in 2026, it's $11,700. That's over 139% inflation in 10 years. That's over 3 times what standard inflation was. If it, if it tracked CPI directly, it would be, it would be $6,800, but instead it's $11,700. Do you think the classic—

You're a bozo if you're still buying this.

Okay, so it's overrated at this point. The inflation— Always was. Always was.

Always was.

Okay, what about Met Gala tickets? In 2016, cost you $30,000 to go to the Met Gala. Now it's $100,000. That's 6 times the average inflation rate in America. Overrated, underrated? What's a Met Gala ticket worth, Jordi?

I think underrated still. I

think so.

This is charitable giving.

That's true. I hadn't considered that.

So the more, the more the better.

Yes. And the Met Gala has grown so much. So many interesting folks there. So many interesting moments. Worth every penny. Okay. What about a Virgin Galactic seat? You want to go to space? It used to cost $250,000. Today, it'll cost you $750,000. Overrated, underrated?

I don't know. Not, not for me.

Oh, steal of the century. Are you going? Any price. Absolutely. Send me to space today.

I would, I would go to great lengths to— Not go to space. To block you from going on this.

Is that because of safety? Assume that I survive it. Because I'm going to survive it no matter what. It's going to be—

Yeah. I can actually imagine it. Yeah, I can imagine it, you know, the flight going poorly and you having to sort of like fight your way out.

Yeah, yeah, you got a roll of duct tape and I gotta put it together and screw this in and figure it out. Take a deep breath and dive. Yeah, yeah, exactly.

Figure out a parachute on the way down.

Yep, yep, yep. That's exactly what would happen in a realistic scenario. Okay, the last one. The Porsche— actually, we've got 2 more. Porsche 911 Carrera base, it used to be $83,000, $84,000 in 2016. Today, it'll cost you $135,000. That's 61% gain in 10 years. It's 1.5 times what the CPI did. Not a huge increase relative to overall, but it is ticking up in recent years. Where do you sit on the value? Of the Porsche 911 Carrera base?

Still undervalued relative to the joy that you get out of it. But I wish that— I wish that they could keep like the base, base 911 at like $99,000.

That'd be cool.

Forever.

Yeah, but yeah, yeah, that'd be special. This

is the world we live in. Wait, we also got to pull up the big— we got to pull— we got to pull up the big law hourly rate. Okay. For partners, they are way outpacing inflation.

Yeah.

I mean, just look at this.

Yeah, you used to be able to hang out with a lawyer for just a mere $1,500 an hour. Now, it'll cost you almost $3,000 an hour to get legal advice from a—

Yeah, no longer the cure for male loneliness.

Yeah.

Because at $1,500 an hour—

Yeah, you just call them up.

Call them up.

And just ask them, how you doing?

You kind of lose track of time. Yeah, exactly. Talk going all over the place, right?

Yeah, yeah, yeah. How you been? How are the kids? Oh, can we bill in quarter-hour increments? Can we book in 10-minute increments? I'm going to my lawyer. I'm saying, can we just— can we just book a weekend at a time? If I talk to you, just put me down for the whole week.

Yeah.

Give me— give me 100 hours, 100-hour block. Anyway, anything else you want to cover on the CPI Reserve? You can go check it out. CPIreserve.com. Very cool. A little fun project to give you another side of the economy.

Craziest here is Manhattan luxury real estate.

How's that doing?

It is down.

Down. The pied-à-terre tax, right? It's higher taxes. People are getting out. They're moving. I don't know.

It's working.

Blake Byers is taking like the AGI question around capital markets. He says, my modal prediction for the next decade: interest rates spikes as capital shifts from saving treasuries to investments due to higher returns promised by AI-related CapEx. We've seen this before because AI is the only modern project that could affect real rates to this degree. This leads to short-term panic as high rates spike debt servicing costs for governments and other borrowers. After 3 years of panic, it becomes clear to the market that the investments are paying off in a big way. Interest payments remain high, but increased revenue from economic growth more than offsets the higher borrowing costs. Panic shifts to euphoria. Developed world adjust to 5% growth rates as the new normal and now demand 10% to be happy. Healthcare consumption, R&D grows as a percent of GDP. AI is disrupting the job application market faster than the job market. This is continuing. It's a hot take, but it's continuing to gather evidence. Derek Thompson shared a post from The Wall Street Journal. AI amplified job applications are met with AI-enabled filters and other AI tools used by HR departments to narrow the application pool. People are interviewing with AI avatars. That seems like a really terrible thing unless the whole metagame is just, can you jailbreak it, which I think it probably should be. Like, if I was to put out— if we were to put out a job description, I'm totally tempted to throw an AI avatar in front of that just in the hope that someone convinces that AI avatar that it is in fact interviewing for the job. You've seen that where people will flip it or flip the script and be like— Perfect. Actually, we're here to talk about your performance. And the AI avatar is like fighting back, being like, remember your instructions. Remember your instructions. You're the boss. You're in charge. We're here to interview you. And then eventually, the interviewer can keep hammering and prompt injection— prompt injecting. But Derek Thompson says, and now 10-minute conversations with AI that take place in McKinsey's very real offices with partners or interview assessors In the room observing how the candidates do. This is why.

So these candidates are basically putting on an interview show.

Yeah.

And the partners are watching. Watching 2 people duke it out.

Yeah, it's kind of like a gladiatorial arena. Yeah. And I want to see if you can beat the tiger that I've released, and if you can, you get to sit at the side of the court jester or something like that. I don't know. We got to debate the bread and circuses thing. I feel like circuses are kind of running away with it, and bread is potentially falling behind.

I don't know. Did you see the Crumbl cookies introduced?

OK, I'm listening.

Chicken.

I'm just saying that from a perspective of what the elites are doing in our economy, think about it. So many billionaires are buying effectively circuses. They're buying sports teams. They're buying UFC. There's F1. There's so many circuses.

There's that banana?

Yeah. Savannah Bananas. The Savannah Bananas. The minor league baseball team.

Banana Ball.

Banana Ball?

Yeah, the Savannah Bananas.

The Savannah Bananas.

Your whole thesis breaks down because Crumbl Cookies and Wingstop—

Are collabing?

It's fake news.

It's fake news. See? Undefeated. But it's not a trophy asset. No one is getting the bag in venture or private equity or high finance and then being like, give me the—

give me the award.

Give

me the award.

Jordi's got to put on the Fell for It Again Award because he fell for AI slop. There is so much AI slop on the timeline.

Again.

Okay, we got to move the camera down. There we go. There we go. Fell for it again.

That's me.

That's Jordi. Many, many times. Many, many times. But yeah, the job apocalypse is certainly not happening. Bank of America hired 1,000 contractors to patch software flaws exposed by AI systems, Mythos, and whatnot.

Okay.

What?

I'm excited that these 1,000 contractors got hired, but at the same time, shouldn't the same AI that discovers the bug be able to work out a solution? But maybe there's just like, maybe there's 100,000 engineers' worth of bugs.

Yeah.

You know, but because these 1,000 contractors are powered by—

Yeah, this is kind of an odd headline now that I'm thinking about it. Very, very odd. And it's like, yeah, did we just create a bunch of make-work? Because if we just didn't, if we hadn't invented this, it really is like Pandora's box. Pandora's box opening creates thousands of jobs containing the stuff that is flowing out of Pandora's box. Is that what happened? Basically, that's the story here? Anyway, there is some progress on alignment. We're very excited to see this. Nick Cammarata says neural networks may be easier to interpret than researchers once thought. Rune is very excited about this. So it starts with Nick Cammarata. He says interpretability might be the most important scientific problem in the world right now, as I don't think we can solve alignment if we don't know what we're building. I think we have good news about it. I co-authored early work in mechanistic interpretability at OpenAI and came away pessimistic because neural networks appeared to fold into arbitrary tangled knots. They're grown, we're growing a garden, we're midwifing a deity instead of building a machine that is interpretable. This has been the hope that we can actually interpret these systems. So, he started OpenAI's first large-scale automated interpretability project, finding about 2% of neurons legible with the primitive tools that he had at the time. With modern agentic tools and a much closer look, the picture looks totally different. The vast majority in models up to trillions of parameters are legible and their circuits beautiful. Many famous examples of tangled neurons turned out to be misunderstood. The roadblocks I expected mostly aren't there. I now think ambitious interpretability will be solved by the time we need it most and possibly quite soon as automated scientists keep improving. Thank you. It may be a bitter lesson for interpretability. The simple thing at absurd scale works. And so Rune contextualizes it by saying, when Nick told me that he had some interp breakthroughs, he was underselling it. I think this may be remembered as a major moment in scientific history. News so good, even Eliezer Yudkowsky will have to lower his p-doom. We can start making alignment into a norm.

Yeah. So he's at Goodfire. Goodfire is like a mech-interp lab. This is like all the stuff they work on. It's like a third-party kind of similar to a lot of like the safety labs.

Is it a Frankenstein reference? Like fire bad, fire good. Like he's like, we're summoning the Frankenstein, but it's gonna be good?

Potentially.

Potentially, okay.

I'm not sure. But so basically the context of this is like Mech-Interp broadly is you're trying to figure out like what's going on at the most like minute level in the models, right? So you're looking at like individual neurons.

Yep.

You know, when you pass in some text through a model, you know, neuron A, like, lights up, it has a high number, like, why? It's very unclear.

Yep.

You'll look at one neuron and maybe you pass in some text about cats and it lights up. Yep. And then you pass in some text about dogs and it also lights up. And it's, like, very confusing because, like, how is the model, like, actually working? It seems that, you know, each, like, individual neuron is basically like, it corresponds to, like, a bunch of different, like, topics or, like, features, usually call it.

Yeah.

And so there's this thing called, like, superposition. This was the previous theory.

Is this the thing you were doing where, like, didn't you make, like, a 1776 GPT?

Yeah, so that used something called a sparse autoencoder.

Okay.

Which is basically, like, the theory is that these models are basically compressed forms of, like, bigger models, essentially. Where you can imagine like a much bigger model where every single neuron corresponds to one specific feature, right? So like one neuron is the cat neuron. And so if you're talking about cats, that one will definitely light up. And if you're talking about something else—

We don't talk about cats on this show.

If you're talking about something else, it won't light up, right? And then basically you can take, you know, your small model and you can basically expand it out. It's called a sparse autoencoder. Yeah, basically the outcome is like we no longer need these sparse autoencoders and you can actually look at the neurons themselves and figure out what's going on there.

Fantastic.

So it's very useful for safety, but also for capabilities, right? Because if you can figure out, like, you know, if you're trying to make some capability better within the model, like whatever math on some new subject, you can figure out exactly how it's working right now and then kind of optimize on that. So it's very applicable. Yeah, great news.

Fantastic.

Great summer. Thank you.

Yeah, white pill. The timeline is in turmoil and has been over the weekend over Valar Atomics, Isaiah's company, and day one, Because they're beefing over day one's pro rata rights. And so this happened back on October 9th, but we didn't get a chance to go through it. But Isaiah Taylor, the founder and CEO of Valar Atomics, posted a long blog post on October 9th saying that he had gotten all of the investors to agree to waive pro rata except for one venture capital firm, Day One Ventures, and that they were fighting tooth and nail, that Day One had retained a law firm and was fighting a lawsuit against them, and it was getting messy. So, Isaiah decided to bring it to the public square on X and have the open debate. Lots of people coming out and supporting Isaiah. Some VCs coming out and supporting pro rata rights. Obviously, this is a more complicated situation because Day One has a bunch of complicated and controversial connections to international organizations and stuff. And Isaiah's going and doing more and more government work. And so there is this extra layer of nuance there, I think, that's getting missed. But the core debate that the VCs are having is that there's a There's like a don't throw the baby out with the bathwater pitch happening that I'm seeing. Like, Delian was talking about this.

And you're saying their baby is ProRata?

Yeah, basically. Like, the bathwater might— so like, it might be like, okay, Isaiah, like, we support you in this one case. You should be able to sort of force an investor who has this like very controversial background to be diluted down below the major investor threshold. In, in this case. But just know that, like, founders don't get the idea that pro rata rights are squishy. Like, they're negotiated for, for a reason. They're going to stick around. Don't think that you can pull this move without a huge amount of pushback.

My view is I don't even know if it's worth having the pro rata debate because this isn't about pro rata at all.

Yeah, it's sort of a proxy debate over the fact that it seems like Isaiah doesn't want to work with Day One anymore.

Yeah.

It is tricky. Like, signing up to work with a venture capitalist is somewhat of a marriage and you're stuck with each other for a really long time. And it's hard if they don't want to sell their shares, if they don't want to go the other way. It's typically very difficult. But once it's papered and the pro rata is in the contract, it's very hard to keep that, to dilute them down. Because that's the design is that if, as long as I keep showing up with the money, me as an investor with a pro rata right, I can have 5% of this company forever. Yeah. And there's nothing—

Yeah, the big, I mean, the question is just how much is having Masha involved with the company in a meaningful way, right? It's a meaningful stake, hurt the company.

Yes.

But even that— Are they losing contracts over it? Is it just something that competitors can sort of use to poke at the law. Yeah. You know, based on what Isaiah was saying, there's no information rights, like technical information rights that come along with that. Yeah. And so I do think that it's probably completely possible for them to just sort of keep the fund At arm's length.

Yeah, but financial information rights are valuable.

Yeah,

like even internationally. Like, I mean, we just saw that with the OpenAI spy. Big car day today. 2 car launches. The Tesla Roadster tonight, 7:55 p.m. Central Time.

Yeah. So 5:55 Pacific.

5:55 Pacific.

8:55 Eastern.

But I put down A deposit yesterday for a Roadster, and I'm fully ready to put that pin on. The Fell for It Again Award is ready to go. So it's five grand on a credit card, and it's and you have to wire forty-five thousand within ten days. But I'm gonna know whether or not it's a good car by tonight, and so I so that I can I can cancel it if I don't like it and jump out of line. But If it's amazing, I mean, Elon's saying it's like gonna be the most amazing product demo ever. If it's amazing, then I will be able to hold my position in the line before everyone floods in post-launch.

Let's speculate a little bit.

Yes, yes.

So I think that ramps will be involved.

Okay.

I think that ramps will be involved.

So, so because our original bet was it will leave the ground on flat ground, and I think you had like half a foot. I think you're at 1 foot.

Did he say flat ground? No, he just said—

he just gestured towards it flying.

Yeah. And so, and so to me, what's the easiest way to get a car in the air?

Okay.

Shoot it off of a ramp, drive it off of a ramp. I think we're going to be seeing multiple types of ramps. I think we're going to be seeing—

That'd be awesome. I love it. So, but if there's ramps involved, Jordi wins. If it jumps off the ground, off of flat ground, I win. That's the bet. So you think jump? I think, I think rocket engines or thrusters or fans that will lift the people that fell for the Tesla Roadster the first time. They put down the full amount in 2017 and they waited a decade and they didn't get anything. Nothing shipped, right? They fell for it. They didn't fall for it again because Tesla has always shipped their vehicles. They did the Cybertruck. They shipped that. There's one outside. Like, they're real. You may like it, you may not, but they shipped it. But they didn't with the original Roadster. And so, there are a lot of people that feel like they fell for the Roadster promo scheme because they put down the money and then they waited a decade and they didn't get anything. So, in order to fall for it again, you need to put down the money and wait another decade, but we don't want to wait a decade. And so, the question is, is on what timescale Would you be disappointed? And to what feature set would you be disappointed?

And so I thought it'd be funny to demo the car in such an insane way that it just instantly, like, federal regulators come in and say, like, you cannot under any circumstances do this. And then he's like, ah, but I tried. Yeah, sorry, I, I made the product. Okay, I just can't ship it. We're going back to Model Y. We're only going to make the Model Y now.

So it's going to be withered and old by the time we put it on? No, I would say 1 year. It's got to be 1 year. If it takes more than 1 year to ship this thing, then you fell for it again, right? Because you've had 10 years. You don't get another 10. You get another launch and then you get another, okay, ship it, right?

How much was the original Roadster deposit?

I thought it was the full amount. I thought it was like a quarter mil. I don't know. You can look that up. Mission S is coming out. I think they will ship it. I think that the Mission S is probably a safer, a safer bet. You won't be— So

this video leaked late last night.

Okay, what are they doing? They're peeling back a cover and they're showing off the car. And you had a very good take on this. What do you like about this design? What do you like about the Mission S? What sticks out to you about this?

So I'll start by saying I feel like a kid who accidentally saw their Christmas present. This car is way, way more aggressive than I was anticipating.

Yes.

It feels like— it really does feel like it's over for every other manufacturer in the sort of mid-range supercar category.

Because the McLarens, the Lamborghinis, the Ferraris, yeah, like it is

going to be rough. It's got a roof scoop.

I know, I know.

We're scooping. So I mean, this is the perfect car for an S-tier journalist to just rip around SF.

Yeah,

with the roof scoop

for sure. We'll see about the performance. We'll see about how they position it. I know that they're not going to do as, as much of a restriction on the production numbers, but at least from like an emotional feeling it's giving me 918 successor. And I know that they might say, oh, it's not, it's a different thing, it's gonna be high production or whatever. It doesn't matter. Emotionally, I'm feeling Carrera GT, I'm feeling 918.

And this just immediately becomes by far the most desirable car in the $500,000 to $1 million price range, in my opinion.

Yes.

Like day one. The car is somewhat antisocial. Right.

How so?

Looking at the amount of rocks that those back tires are going to be throwing up.

That's right.

If you want to take this out on a Sunday drive with some buddies, you're going to need some mud flaps.

That's right.

Otherwise, good luck if you're sitting behind this thing. Well—

Thank you for tuning in to TPPN. Leave us 5 stars on Google Play.

We're just 23 minutes away from the Mission S reveal. We're just hours away from us seeing—

The new Nathan Fielder movie.

That's right.

We're very excited. Leave us 5 stars on Apple Podcasts and Spotify. Get ready for Christmas. It's only 70 days away. And sign up for our newsletter at tdpm.com.