 VW ADRs that we have seen them put a little bit of a lower trade in the session. So what does it mean for the EV race and for some of VW's original EV plans? And does Tesla kind of need to be looking over its shoulder? That's the question that we posed to a Bloomberg TV co-host of Bloomberg Technology, Ed Ludlow, who joins us in our San Francisco bureau. It was certainly a whoa moment for us, Ed. When this crossed yesterday after the market closed, $5 billion from Volkswagen to Rivian. What was your first reaction when you saw this?