Morning Brew ☕️ Profile picture
Mar 8, 2024 11 tweets 3 min read Read on X
1/ Youtuber @MKBHD recently tested Fisker's latest EV and called it the "worst car I've ever reviewed."

The video has picked up 4.3 million views since he posted it and even reached execs at the company.

But things got really weird when Fisker responded. Let's get into it. Image via Auto Focus
2/ Brownlee had initially asked Fisker to give him a vehicle to review, but they kept delaying.

Tired of jumping through hoops, he found a car dealer willing to let him borrow one.
3/ When Fisker found out Brownlee sourced a car from a dealer, it asked that he delay his review until a software update came through.

Brownlee refused, saying "It's not really in my policy to wait on promised future software updates."
4/ He continued with the review, posting it to his account on February 17.

In it, he notes "a lot of weird" choices—including unlabeled buttons, sunroof solar panels you can't monitor, and software glitches with the keyfob, cameras, and more.
5/ Brownlee did give credit to the car's handsome physical design.

But he followed that up by saying "You could give me this car and I wouldn't want to drive it," so the pros were obviously not enough to make up for the cons. Image via Fisker
6/ Fisker had a truly bizarre response.

A Fisker senior engineer called the dealership that loaned Brownlee the car to try to do damage control.
7/ Unaware that they were being recorded, the rep let some things slip.

They admitted that even after the car's new update, Fisker's software "still got some holes in it."

The video recording of the call has 3.6+ million views on TikTok. Image
8/ Fisker's stock has tanked ~50% since Brownlee's video went live.

More people subscribe to Brownlee's YouTube channel than to the New York Times, Washington Post, Wall Street Journal, and USA Today combined. Image
9/ It's another example of just how influential social media reviewers have become in the product space.

Separately, Fisker announced last week that it may not have money to survive the year.
10/ If you enjoyed this thread, follow us @MorningBrew

We post business breakdowns like this 3x a week.

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More from @MorningBrew

Aug 22
1/ Jamie Dimon didn't just tell workers to RTO; he built a $3B skyscraper with gyms, Michelin-starred vegan meals, and an Irish pub.

If Wall Street's new HQ feels like a resort, that's because it basically is.

Let's get into the giant new office that's nearing completion. Image
2/ The 60-story tower at 270 Park Ave will house 14,000 employees, roughly 4x the old digs.

So it's basically a city within a city, where even your specific latte order is recorded by the building's tech system. Image
3/ Hungry? The "Exchange" hub has 15+ restaurants, including Sweetgreen, Umami, and a vegan joint tied to a Michelin-starred chef.

Consider it Wall Street's answer to Eataly. Image
Read 11 tweets
Jul 24
1/ Wall Street's math wizards are scratching their heads as quant hedge funds bleed cash in a summer slump that defies explanation.

Let's get into it. Image
2/ Since June, quant hedge funds like Qube, Cubist (Point72), and Man Group have been hit by an unusual string of steady losses, without a major market shock to blame. Image via Goldman
3/ Qube's flagship fund dropped 5% in July, while its larger Torus fund slid 7%.

Both are still up double digits for the year.
Read 12 tweets
Jun 27
1/ Britain's rich are calling it quits.

The UK is on track to lose ~16,500 millionaires this year, more than any country on record.

Analysts have dubbed it "Wexit," a wealth exodus fueled by tax hikes, policy chaos, and Brexit fallout.

Let's get into it. Image
2/ The October 2024 budget lit the fuse with capital gains and inheritance tax hikes, plus new rules aimed at non-doms, made the UK's moneyed class run for the hills.

Over half of those fleeing? Foreign-born professionals.
3/ Once a crown jewel for the wealthy, the UK is now the only top-10 economy to lose millionaires since 2014.

It's bleeding talent and capital, especially from finance, tech, and law.
Read 12 tweets
Apr 1
1/ Bookings from Europe to the US this summer? Down 25%.

Travelers are saying "nah" to border uncertainty, opting for Canada, Egypt, and South America instead.

Even luxury hotel bosses are spooked.

Let's get into it. Image
2/ The CEO of Accor, a French hotel group, is calling the US "an unknown territory."

Translation: People don't want surprises when entering the country and are making travel plans accordingly.
3/ Now, Germany, France, the UK, Finland, and Denmark are all saying "be careful" when visiting the US.

And American businesses are feeling that squeeze. Image
Read 11 tweets
Mar 17
1/ Law school applications are surging, up 20.5% from last year alone.

Schools like Georgetown received 14,000 applications for just 650 spots, making this one of the most competitive years in recent history.

What's causing the jump?

Let's get into it. Image
2/ A weak job market and economic uncertainty are driving many to law school, seeing it as a stable career path.

Even MBA graduates from top schools are struggling to find jobs, adding to the influx of applicants.
3/ AI may be reshaping industries, but law remains relatively resistant to automation, making it an attractive option for those seeking long-term career stability.

But only a fraction of graduates secure those high-paying Big Law positions. Image
Read 12 tweets
Mar 7
1/ Federal agencies have until today to justify their use of 10 major consulting firms.

If they can't prove these firms are mission-critical, their contracts will be cut.

That means putting billions in contracts at risk.

Let's get into it. Image
2/ In an effort to align with the current administration, consulting firms are rebranding.

Accenture is dropping diversity goals, Deloitte is removing pronouns from emails, and IBM is pitching itself as a cost-saving tech provider. Image
3/ But no one is more worried than Booz Allen Hamilton.

The firm gets 98% of its $11 billion revenue from government contracts and is positioned at the cliff's edge right now.

Its stock has already dropped nearly 30% since Trump's election, signaling investor fears. Image
Read 13 tweets

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