Ferrari's EV Disaster + Mamdani's Asset Seizure
5/27/20261 hr 55 min
Patrick Bet-David, Tom Ellsworth, Jeff Snider, and Humberto Boellert break down Ferrari’s EV rollout backlash, Mamdani’s “transfer ownership” proposal, Pope Leo’s warning about artificial intelligence, Iran peace deal developments, Trump’s undefeated 118-0 primary endorsement record, Canada-Alberta succession tensions, teen summer hiring struggles, and Elon Musk ally Antonio Gracias’ massive $100 billion investment bet.
---------
🦁 THE VAULT 2026: AUG 31ST TO SEPT 1ST: https://bit.ly/4mZdLhD
Ⓜ️ CONNECT ON MINNECT: https://bit.ly/4kSVkso
Ⓜ️ PBD PODCAST CIRCLES: https://bit.ly/4mAWQAP
👔 BET-DAVID CONSULTING: https://bit.ly/4lzQph2
🥃 BOARDROOM CIGAR LOUNGE: https://bit.ly/4pzLEXj
Clips
Transcript preview
First 90 secondsSpeaker 10:00
[singing] Did you ever think you would make it? I still am so ... It taste sweet victory. Know this life meant for me Adam, what's your point?
Patrick Bet-David· Host0:10
The future looks bright.
Speaker 30:12
My handshake is better than anything I ever signed, right here. You are a 101?
Speaker 40:18
My son drives that.
Speaker 30:19
I don't think I've ever said this before.
Patrick Bet-David· Host0:21
[laughing] All right, here we go. Business Wednesdays, a lot to talk about. Um, Tom, uh, saw the latest model of the Ferrari that just came out for $640,000. He's been upset for about a couple days.
Tom Ellsworth· Host0:37
Can't hold two thirds.
Patrick Bet-David· Host0:38
Uh, had to take two days off. But, uh, Rob knew Tom wasn't happy, so guess what Rob chose to do? Rob chose to wear a sweater today with the color of the Ferrari just to bother Tom. And you guys will see him when we show this car. And people are wondering, is this a massive flop of a decision Ferrari made? By the way, did you guys see how the chairman, the former chairman and CEO that was the assistant to Enzo of 20 years came out and what he said about it?
Tom Ellsworth· Host1:02
Luca Mazzola.
Patrick Bet-David· Host1:03
We have to play that clip, what he said about it. And this kind of goes with what Porsche did last year when in the first nine months of the year of 2025 versus 2024, in '24 their EBITDA was 4 billion. Their, in 2025 their EBITDA fell from 4 billion to $40 million, 99% drop off, and some blamed it on the, is it the Taycan and some of the decisions that they made? Of course, there's the tariff and other things, but we'll get into