$RACE Ferrari Tape Reports
Per Ticker.id: $RACE Ferrari Tape Reports — 35 podcast mentions across 4 podcasts (30 days), latest 2026-08-17 15:30 UTC.
I think it's that. Yeah. And I think it's going to be even worse than that because I think there's been a preposterous amount of money that's been burned. It's essentially for marketing, right? Take computer programming, for example. We're still trying to figure out out exactly how to use coding agents. But here's the reality of this, and here's going to be the future of this 100%, is you do not need a 10 trillion parameter model, right? For the way that we're going to end up using LLMs for coding, right? Maybe if you want to do some long horizon, something that we don't trust, it's going to turn out that a smaller open source model with a smart harness that's written by nerd programmers that are obsessive about exactly like how to program and all these special cases, you know, coded in and if-thens and pattern matching, and you're gonna deploy it to write tests and they fill in other code and it's gonna run on chip, or you're gonna have a server with one GPU in your company server rack that all of you use and there's no recurring API calls. Like, that's how we're gonna use it. But they'll have spent $500 billion on LLM training, you know, these big companies. In the meantime, they try to do well on these leaderboards. And to me, that's exactly like, like Red Bull and Ferrari trying to win F1 races because it vaguely makes, you know, I'll spend $100 million on this F1 car because it vaguely makes us seem like a better car company, even though like that has nothing to do with the Fiat that like I actually am gonna drive because I don't need $100 million F1 car. And that was kind of a waste, but you guys were just in a measuring contest trying to see who could get, you know, more points in the F1 circuit. So I think these massive, massive models they're having diminishing returns. I think a lot of the quote-unquote impressive stuff that's happened recently is, um, it's the, the first of the scatterplot policy, finding where something can work and then running towards that and building more complicated symbolic harnesses to do specific things that don't need LLMs this big.
Cal Newport — Better Offline · No, AI Is Not "Autonomously Hacking" with Cal Newport · 2026-08-26Yeah, I think, you know, Ferrari has a significant business of cars that are not street legal. They are sold to enthusiasts and can only be used on a track. And I think you're going to see the first version or maybe versions of of the Roadster potentially not being street legal. I'm sure they'll have a street legal version, but in terms of the hovering and thrusting version, I'm pretty sure that won't be street legal. And what they'll do is they'll wait for the regulators to catch up, or they may push the regulatory framework a bit to get it to accelerate. But I think you're going to see that there is a— there's a non-street legal version that's going to drive a lot of interest and a lot of buzz around this.
Jon McNeil — Squawk on the Street · 11AM Hour: Former Tesla President Jon McNeill, OpenAI President's First Comments on Executive Exodus & AI Heads to the High Seas 8/17/26 · 2026-08-17Up next, new filings show Berkshire boosting its exposure to Alphabet. We'll look at what's becoming one of Greg Abel's big new bets. Plus, we'll tell you who just A record $40 million to buy Ferrari's first electric vehicle at auction. And we'll get to the big moves this morning in the chips, including a pop for Micron and Applied Materials. We'll be right back.
Mike Santoli — Squawk on the Street · 10AM Hour: Berkshire’s Alphabet Stake, Real Estate Execs React to NYC Pied-à-Terre Tax, Ferrari EV Sets Auction Record 8/17/26 · 2026-08-17Still to come this morning, it was a somewhat disastrous rollout for Ferrari and those EV ambitions over the last year. But now one of those very same cars set a record at auction.
Carl Quintanilla — Squawk on the Street · 10AM Hour: Berkshire’s Alphabet Stake, Real Estate Execs React to NYC Pied-à-Terre Tax, Ferrari EV Sets Auction Record 8/17/26 · 2026-08-17we'll talk about that. Speaking of EVs, Tesla reportedly working on a a flying car in collaboration with SpaceX. Some details on that in just a minute. Welcome back. Ferrari's EV just setting a new record at auction after its launch in late May led to some of that backlash from the street. Robert Frank joins us with that story. What an evolution of this product.
Carl Quintanilla — Squawk on the Street · 10AM Hour: Berkshire’s Alphabet Stake, Real Estate Execs React to NYC Pied-à-Terre Tax, Ferrari EV Sets Auction Record 8/17/26 · 2026-08-17Yeah, this is the other side of that coin. Total sales at Monterey Car Week smashing all kinds of records with sales topping $750 million. That was up over 50% from that previous record of $470 million back in 2022. Now, the big winner was this all-new Ferrari Luce. That's Ferrari's much-maligned EV. It's the first Luce to roll off the assembly line. It was estimated at $1.1 million. It went for $40 million. That's 4-0 million. The buyer, we found out, was Herbie Wertheim. He is the billionaire founder of Brainpower Inc., which makes tinted lenses. The proceeds go to charity, so he He also gets a nice tax deduction. The top seller of the week, though, was this 1964 Shelby Cobra Daytona that was owned by racing legend Carroll Shelby. Estimated at $25 million, went for $43 million. Lots of those stories over the weekend. And that McLaren F1 GTR is expected to be number one. That was owned by Pink Floyd drummer Nick Mason. Came in at the estimate of around $35 million. The biggest outperformers, though, were those modern supercars. 5 of the top 10 most expensive cars were made in the 1990s and 2000s. That's a big shift from previous years where most of those top sellers were the '50s and '60s cars. Now, for the full breakdown of the classic car market and the biggest auction week ever, you can sign up for the Inside Wealth newsletter at CNBC.com/InsideWealth. That'll be out on Thursday.
Robert Frank — Squawk on the Street · 10AM Hour: Berkshire’s Alphabet Stake, Real Estate Execs React to NYC Pied-à-Terre Tax, Ferrari EV Sets Auction Record 8/17/26 · 2026-08-17You mentioned that the $40 million Ferrari EV was used for tax deduction, used for tax deduction. The money went to charity.
Leslie Picker — Squawk on the Street · 10AM Hour: Berkshire’s Alphabet Stake, Real Estate Execs React to NYC Pied-à-Terre Tax, Ferrari EV Sets Auction Record 8/17/26 · 2026-08-17Money goes to charity. So if he chooses to, he can get a tax deduction. That's why when we have these rankings of most expensive X ever sold at auction, you have it in watches, you have lots of things. Some people remove those, those charity auctions because it's— is it really a like-for-like comparison? Because really he gets a— if he wants to, probably a $13 million tax deduction off of that $40 million purchase. So what's the real price? So some people strip those numbers out of the rankings. But either way, the most expensive EV sold, the most expensive new car ever sold. And this will be huge in the debate over whether that is the ugliest Ferrari ever launched or whatever. Plus, we've got the fact that the company has said they're sold out. So they're sold out and one just went for $40 million. How can you say that is not a success?
Robert Frank — Squawk on the Street · 10AM Hour: Berkshire’s Alphabet Stake, Real Estate Execs React to NYC Pied-à-Terre Tax, Ferrari EV Sets Auction Record 8/17/26 · 2026-08-17