01:41:03 · Andre Haddad, John Coogan, Mark Swan
[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. [01:42:04] S1: This I'm thinking I heard a story about someone who was able to use Smart Summon on their on their FSD enabled Tesla to have it pick them up at the airport, which I don't even know if that's supposed to work that way. It feels a little too hard. When I think about Smart Summit, think, like, within the parking lot, but I guess it's technically a parking lot, so it worked at this particular airport. Wow. [01:42:28] S7: And not heard of [01:42:29] S3: it bad.
01:42:29 · Mark Swan, John Coogan, Andre Haddad
[01:42:29] S3: it bad. [01:42:30] S1: Yeah. Incredible. And so and so what I'm thinking is like there's a future where the range gets further and further and a Turo host will be able to say, okay, this this Turo customer wants to rent the car. They want it delivered to their house which is, you know, a mile away. Just send the car over there and then they have access to the car with FSD for their weekend or whatever they whatever they want to do. And it's sort of like a more advanced robo taxi precursor. Very, very interesting for the for the business. [01:42:59] S7: Yeah. We're... That's why we're very excited about AVs. Yeah. You know, of course, starting with Tesla. Yeah. And hopefully, as the the technology spreads to other car builders and manufacturers, you know, we think that this will be a phenomenal kind of enhancement to our Turo rental experience. To your point Yeah. Removes a lot of the friction of picking up and dropping off a vehicle, whether it's at the airport or the hotel or the home or the business location. You know, imagine if we can actually turn all of these cars into an FSD like experience in the future where you can, you know, book your road trip and then the car comes and picks you up at the airport or your hotel. Then you can keep it for, you know, the few days or the week or whatever. You have the the car for you. You don't have to hop in and out of robotaxis because you might be going, you know, to, you know, some, you know, destination that's not a very urban destination.
01:42:59 · Andre Haddad, Jordi Hays, John Coogan
[01:42:59] S7: Yeah. We're... That's why we're very excited about AVs. Yeah. You know, of course, starting with Tesla. Yeah. And hopefully, as the the technology spreads to other car builders and manufacturers, you know, we think that this will be a phenomenal kind of enhancement to our Turo rental experience. To your point Yeah. Removes a lot of the friction of picking up and dropping off a vehicle, whether it's at the airport or the hotel or the home or the business location. You know, imagine if we can actually turn all of these cars into an FSD like experience in the future where you can, you know, book your road trip and then the car comes and picks you up at the airport or your hotel. Then you can keep it for, you know, the few days or the week or whatever. You have the the car for you. You don't have to hop in and out of robotaxis because you might be going, you know, to, you know, some, you know, destination that's not a very urban destination. [01:43:54] S0: Yeah. No. That's gonna be... I mean, it's gonna be really really powerful for the business. Especially the two factors. Like, one, the summon the summon element I think is gonna be amazing because somebody will be able to list their car. Like, when when that gets like to Yeah. [01:44:08] S1: Yeah. Yeah.
01:44:08 · John Coogan, Jordi Hays
[01:44:08] S1: Yeah. Yeah. [01:44:08] S0: Widespread adoption and and greater range. Somebody can say like, yeah, want a car and that somebody can list their car on Turo. At the car, we'll just drive to the airport at the right time and be available for the person. And then the other thing is like Tesla is so techno... It is a piece of technology. It's not like a car that's been technology enabled. So even things like keys, it's like automatically give this person like effectively a copy of the key in the Turo app. [01:44:32] S1: That's what already happens. Yeah. [01:44:34] S0: Yeah. But that when like compared to like an owner being like, well, I gotta put the key [01:44:38] S1: Totally. [01:44:39] S0: Just grab it. It's on the... Like I've I've probably had an experience back in the day was like, I'll meet you on the side of the road Yeah. Give you the key or the key is on the back right tire. And it's like those those things are like wildly inefficient and and Totally inefficient.
01:44:39 · Jordi Hays, Andre Haddad
[01:44:39] S0: Just grab it. It's on the... Like I've I've probably had an experience back in the day was like, I'll meet you on the side of the road Yeah. Give you the key or the key is on the back right tire. And it's like those those things are like wildly inefficient and and Totally inefficient. [01:44:53] S7: Yes. Not not very safe either. Totally. You know, so the keys can get lost, you know, etcetera. So, we're very excited about that. I think, you know, we recently integrated with some flight tracking and flight information. So you can imagine, just enter your flight information. Yeah. We'll know exactly when your time... When your, you know, your flight is arriving. Sure. We'll we'll estimate exactly when the car should be meeting you at the airport. We have now permits. Turo has permits to conduct business in over 200 airports in The US, so we can actually have the car safely go to the permitted location. Mhmm. We'll be able to show you on the Turo app where the car is located, which we already do today, but it will just happen in real time because of the FSD integration. It just makes for an entirely different rental car experience.
01:44:53 · Andre Haddad, John Coogan
[01:44:53] S7: Yes. Not not very safe either. Totally. You know, so the keys can get lost, you know, etcetera. So, we're very excited about that. I think, you know, we recently integrated with some flight tracking and flight information. So you can imagine, just enter your flight information. Yeah. We'll know exactly when your time... When your, you know, your flight is arriving. Sure. We'll we'll estimate exactly when the car should be meeting you at the airport. We have now permits. Turo has permits to conduct business in over 200 airports in The US, so we can actually have the car safely go to the permitted location. Mhmm. We'll be able to show you on the Turo app where the car is located, which we already do today, but it will just happen in real time because of the FSD integration. It just makes for an entirely different rental car experience. [01:45:41] S1: Yeah. Yeah. Last question for me. What is what what is the bottleneck to growth for you? What is it's such a beautiful business model as a marketplace, but are you spending a lot on marketing? Like, what is driving growth this year? And because I can't imagine that, like, higher gas prices affect you all that much. It has probably a little bit of an effect, but no more than any other business related to cars. But what is the biggest the biggest chunk of cost in the business these days?