Slate Money - Least Cool Ferrari Ever
Slate News
Slate Podcasts
4.5 • 6K Ratings
🗓️ 30 May 2026
⏱️ 41 minutes
🧾️ Download transcript
Summary
This week: Ferrari revealed its new EV designed by Jony Ive and it looked so bad it became a meme. Felix Salmon, Elizabeth Spiers, and Emily Peck, discuss the reaction to the $640,000 Ferrari Luce and how this story fits into the overall state of the electric vehicle market. Then, the hosts dig into the stat dashboard the U.N. wants to replace GDP as the main prosperity metric and debate whether GDP is even relevant enough for it to matter. And finally, they’ll examine why the UK and Europe are still so resistant to air conditioning despite being plagued by deadly heatwaves.
In the Slate Plus episode: The lawsuit loophole used to report on the JP Morgan sex scandal.
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Podcast production by Jessamine Molli and Cheyna Roth.
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Transcript
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| 0:00.0 | Hello. Welcome to Slate Money, your guide to the business and finance news of the week. I'm Felix Salmon of Bloomberg with Elizabeth Spires of New York Times. |
| 0:18.6 | Hello. |
| 0:19.2 | With Emily Peck of Axios. |
| 0:21.8 | Hello, hello. |
| 0:22.6 | And we are going to talk about fast cars because they go zoom-zoom, only sometimes they're electric. |
| 0:29.2 | And they have fake engine noise that gets pumped into the cabin to make you feel like you're going more zoom, even though they're electric and they're basically quiet. |
| 0:38.8 | We're going to talk about one of those that costs 550,000 euros. |
| 0:42.5 | We are going to talk about GDP and whether it's useful metric and whether anything will ever replace it. |
| 0:48.7 | And we're going to talk about air conditioning and why Europeans are so mistrustful of it. |
| 0:53.5 | We have a Slate Plus segment on the funny media machinations |
| 1:00.0 | behind all of the stories you might have heard about people getting sexually arrested at J.P. Morgan. |
| 1:05.2 | It's all coming up on Slate and money. |
| 1:26.1 | Okay, so obviously the most important business and finance news of the week is the fact that Ferrari has a new car. |
| 1:27.6 | Oh my gosh. |
| 1:33.3 | Is Elizabeth, am I correct about the massive importance of this car? |
| 1:36.9 | Oh, this is the only thing I've been thinking about for at least 72 hours. |
| 1:39.4 | I've been thinking about this all week. |
| 1:42.4 | Basically, as far as I can make out, |
| 1:49.3 | John Elkan, who now basically owns Ferrari, put in this tech guy as the CEO of Ferrari. |
| 1:51.6 | And he was like, we should do an EV. |
| 1:53.5 | And everyone said, yeah, yeah, whatever. |
| 2:01.9 | And then to make it fuzzy and cool, they decided to hire Johnny Ive to design it, even though he has never designed a car in his life. |
... |
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