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Evidence receipt / belief

Published · transcript-backed

David Rosenthal: belief

27 Jun 2023 Acquired Porsche (with Doug DeMuro)

“I think there were just a lot of wealthy people out there and a lot of status-focused people that were like, yeah, there's an SUV I can spend $100,000 on.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
belief
Recorded
27 Jun 2023
Publisher
Acquired

Transcript context

…At that time, they were just Tahoes that look nice. Now, Escalade has become a real thing. But at that time, it wasn't. Porsche was really pushing into some new territory. It was a crazy decision. And SUVs were becoming so important in America. I think there were just a lot of wealthy people out there and a lot of status-focused people that were like, yeah, there's an SUV I can spend $100,000 on. Hell yeah, take my money. Also, there's a practicality of, I need a minivan, but I don't want to drive a minivan, so I'm driving this new emerging class of SUV. But if I have money, I want the Porsche version of that.…

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