Anthony Pompliano

And you have a Honda Civic hybrid that can go 600 miles because it's a small fuel tank and a little generator keeps recharging battery.

It's actually more efficient, and it actually was less dollars.

And so Ford has said, listen, the all-electric stuff, we can't make it work on a 5,000-pound pickup.

We can't make it work on the SUVs.

We're writing all that off, 19.5 written down, but we're going to have a big effort to put the hybrids in the middle because we know Americans like the fact that the hybrids are more economically priced, and you can go 600, 700 miles on your crossover or your Honda Civic, and that's where the market is.

But this is really, I feel like...

that California owes the Ford shareholders probably half of that $10 billion because that was done at legislative gunpoint, and they didn't have the electrical power infrastructure to really support.

If the consumers had done that, it would have been a brownout at night.

Yeah, I think there's three points.

There's the point of why can't the U.S.

automakers, whatever they make, make a cool next-gen car?

Why can't they get there?

And if it's electric because they got a mandate from California,

That's part of it, but they can't blame that whole thing.

That's why I say 50% of it.

The other 50% is you decided.

You decided to go all in.

So A, make a cool car.

B, the green lobby really messed with decision-making.

It says, and C, now we find out that hybrid's actually a better deal for the consumer all the way around.