Doug DeMuro: belief

Transcript context

…What are the performance characteristics of the next generation of supercars going to look like? Humans can't go 0–60 in a second. I think about that a lot. I think that will continue to help the values of these cars increase. At the end of the day, as cars age, they all get slow. This car is now that fast by modern standards. You start to look for other things that make them special, which is the feel, the sound, et cetera. I had a press car dropped off the other day, a Kia EV6 GT, which is the electric Kia crossover. It is sized and designed to compete with the Toyota RAV4. This is the high performance version. It does 0–60 in 3.2 seconds. It's faster than Carrera GT. What is a supercar even mean anymore? Ultimately, what does it offer that a Kia EV6 GT, by the way, $51,000, does not offer? The answer just has to be, it's lower. It's wider so it handles better. One of the big missing things from a lot of these fast accelerating electric cars is that they're not necessarily like sports cars. They're fast, but they're not really sports cars. I guess that's going to be the future. You're right, power is being democratized. Everyone can now access a car that does 0–60 in 3 seconds. I don't know. It'll be interesting to see how the sports car responds. That brings us to today, or I guess more accurately last fall, September 2022, when VW Group re-IPO'd Porsche. The Porsche re-IPO is the largest European IPO of all time. The initial market cap of Porsche at trading was about $75 billion. Today, that's up to about $115 billion 9 months later.…

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