01:34:32 · John Coogan, Jordi Hays, Doug O'Laughlin, Andre Haddad
[01:34:32] S1: Sure. Sure. Sure. And then and then the the the wrinkle is that then you also have to have some sort of like fine tuning capability because that's something you get with with open source that you won't with a closed source model necessarily. Interesting. Well, thank you guys for coming on. So and and and walking through all of this. We do have to jump to the next interview. But Jordy, do have any... [01:34:52] S0: Yeah. I really enjoyed it. Thanks guys. Great to see you. [01:34:54] S1: Great to see you. Congrats on the haircut. [01:34:59] S6: Thank you. Appreciate it. [01:35:01] S0: See you guys. [01:35:01] S1: Have a great one. Let me tell you about public.com. Trying to invest in Anthropic? Do it on public. Invest across all asset classes. Automate anything with AI agents. Run trading strategies, risk management, money movements, and monitor markets with AI agents for investing on public. Our next guest is the chief executive officer of Turo. We have Andre Haddad. And Turo is launching verified FSD today for Tesla's. Andre, welcome to the show. How are you doing? Doing well. Thank you. [01:35:30] S0: Thanks for me. [01:35:31] S1: For hopping on. First time on the show. We'd love a little bit of backstory on you, key initiatives for the company and then the news today. [01:35:40] S7: Great. Happy to jump in. Thank you. [01:35:44] S1: Can you kick us off with a little bit your your corporate journey and then some of what you're working on at Turo?
01:35:44 · John Coogan, Andre Haddad, Jordi Hays
[01:35:44] S1: Can you kick us off with a little bit your your corporate journey and then some of what you're working on at Turo? [01:35:51] S7: Sure. I actually just celebrated last month my fifteenth anniversary with Turo. Amazing. So my Jesus. Been reinventing car rental for the last fifteen years. [01:36:01] S1: Yeah. [01:36:02] S7: As you probably know, I hope you've used Turo already for some of your travel and trying out new cars. Yes. Yeah. We've been bringing, you know, this notion of peer to peer car sharing to the market now for over fifteen years. We're delighted to continue to grow the business. This year, we'll do around 1,200,000,000 in revenue out of 3,300,000,000 in TBP. [01:36:25] S0: Yeah. Boom. [01:36:26] S7: We are excited to announce some exciting technological enhancements to our platform today. Yeah. We'll talk more about that if you like, in the show. We're bringing, Tesla FSD integration into Turo. So now you can actually experience AVs Yep. By renting a car, on Turo, specifically the Model three and Model y. So very excited about that. So I rented a Tesla with FSD on Turo, like,
01:36:26 · Andre Haddad, John Coogan
[01:36:26] S7: We are excited to announce some exciting technological enhancements to our platform today. Yeah. We'll talk more about that if you like, in the show. We're bringing, Tesla FSD integration into Turo. So now you can actually experience AVs Yep. By renting a car, on Turo, specifically the Model three and Model y. So very excited about that. So I rented a Tesla with FSD on Turo, like, [01:36:52] S1: a couple weeks ago. It was a fantastic experience. I wound up just, like, searching or filtering. This was before you had the verified integration. And I was able to verify that it was hardware four, which is like the good FSD in this model year and whatever. But it was it was, I guess, like, maybe a little cumbersome, and so you've made it easier. But I'm interested in, how are you vending this for the customer? How are you surfacing this? How are you verifying it? Like, why is it important to have an actual product strategy around this initiative? [01:37:24] S7: Well, great that you've experienced it and you've sort of hacked your way to it. Yeah. We saw a lot of people doing exactly what you were doing, and that's what got us thinking about just making it easier Yeah. To your point, and making it verifiable. So, you know, Tesla is a very popular make and and, you know, on Turo. The model three and and Model y are respectively the fourth and third most popular cars that are rented on Turo. And Really quickly, what's one and two? I gotta know. One and two kind of are I think the BMW three series [01:38:01] S1: Okay. [01:38:01] S7: And the Toyota Prius.
01:38:01 · Andre Haddad, Jordi Hays, John Coogan
[01:38:01] S7: And the Toyota Prius. [01:38:02] S0: Oh, interesting. Interesting. [01:38:04] S7: Yeah. Cool. [01:38:05] S0: Yeah. I was hoping you'd I [01:38:06] S1: was hoping for the Urus. No. Urus. Urus Urus would be good. Yes. But [01:38:11] S0: had such a Corbin's still on there. I realized like I was like, wait, a Turo I can just rent any car Yeah. That I want like in my backyard for This a was like I would, you know, when I graduated college and I had this realization I would just do it Saturday, I'd go and get like a Porsche. Back then I was very I was super limited because I was probably 22 at the time. Mhmm. And I wasn't clearing like certain people on tour, they're like, you can rent this car but you gotta be, you know, at Yes, least like, gotta be at least 30. Yeah. You guys let people set whatever age they want. Yeah. But I have amazing, very fond memories of of doing [01:38:51] S7: that. Amazing. I I'm a host on Turo. As you may see from my background screen, I've been hosting some of my cars for the last fifteen years and just completed a trip late last night. Two actually trips. My Audi r eight was out and my nine eleven since There you talked about [01:39:08] S0: we go. There we go. Yeah. There you go. Thank you for your service. Thank you for [01:39:12] S1: your service. I have
01:39:13 · Andre Haddad
[01:39:13] S7: the, 2012, Audi r eight GT, which as you may know, is a limited edition. Amazing. Only only 300 of those were made. But anyway, circling back to to to why we're excited about the experience of, you know, renting FSD on... To... Tesla FSD on Turo. Yeah. Well, you'll see on Wednesday, we're launching the actual product on Wednesday. We built actually a bunch of software to to enable it. Mhmm. First was building direct API integration with Tesla, so we are delighted to partner with them. Their teams have been amazing to work with. We have that direct integration with the API to check the, you know, eligibility of the vehicle as well as the FSD status of the vehicle. We wanna make sure that, you know, what we're presenting to our guests, our customers who are gonna rent the car, we wanna make sure that they actually have FSD enabled. Mhmm. And that, you know, the subscription is being paid for and it's current, and we're gonna check that right at the beginning of the trip to make sure that it's effective, you know, for for the start time of the trip. And also, you know, we have more Teslas than we have Teslas enabled with FSDs. So one of the cool things that we've done with our partners at Tesla is we're offering those hosts that have eligible Teslas but don't have yet an active FSD subscription, a one month free trial. Mhmm. This way, they'll be able to add it for free for a month. Hopefully, they'll see a lot of business from their Turo guests that are gonna be booking their cars and become, you know, long term and have subscribers to Dassault FSD and and help drive the success of that great piece of technology.
01:40:53 · Jordi Hays, Andre Haddad
[01:40:53] S0: Do you have a charging integration yet? Like, if if a Turo rents Yes. We do. Because that feels important because if you're the owner of the car and then you're getting billed for Sure. Like directly Yes. [01:41:03] S7: It's very very important. We have we have that integration on the charging side. It still goes through the host's account, but we automatically take the... Got it. All of the EV charging that's happened, you know, during the trip and and at the end of the trip, and we automatically bill our guests based on that direct integration. So we've we've made that simple, you know, a couple of years ago, and now we're taking on FSD, which I think will make a seamless experience for for both hosts and guests. So anyway, now that we built this API integration, we can actually surface with confidence in a newly created sort of section of the app that you'll see going live on on Wednesday, you know, these vehicles, the the Tesla vehicles that that have FSD. And then when you book the car, you'll be able to be assured that you'll have, you know, an eligible vehicle that have an FSD that is active, and you'll be able to experience the magic of FSD.