Dacama iklan

Kamis, 04 April 2019

Jeff Bezos to keep 75 percent of couple's Amazon stock after finalizing divorce - CNBC

MacKenzie Bezos announced on Twitter on Thursday that she and Jeff Bezos have completed the process of dissolving their marriage, leaving her with $35.6 billion in Amazon stock.

MacKenzie Bezos said she was "happy" to be giving her ex-husband 75 percent of their stock in Amazon along with voting control of her shares. She also relinquished to him all of her interests in The Washington Post and the Blue Origin aerospace company.

The settlement would make her the fourth-richest woman in the world. She ranks behind Francoise Bettencourt Meyers, Alice Walton and Jacqueline Mars, according to Bloomberg.

According to a filing with the Securities and Exchange Commission, MacKenzie Bezos will retain shares representing about 4 percent of Amazon's outstanding common stock, making her the third-biggest shareholder at the company, behind her ex-husband and Vanguard. He remains the richest person in the world, even after losing $35.6 billion in Amazon stock.

Amazon's stock was down about 0.4% Thursday afternoon following the news.

Grateful to have finished the process of dissolving my marriage with Jeff with support from each other and everyone who reached out to us in kindness, and looking forward to next phase as co-parents and friends. Happy to be giving him all of my interests in the Washington Post, Blue Origin, and 75% of our Amazon stock plus voting control of my shares to support his continued contributions with the teams of these incredible companies. Excited about my own plans. Grateful for the past as I look forward to what comes next.

In a separate statement, Jeff Bezos shared his gratitude to his ex-wife.

"I'm grateful for her support and for her kindness in this process and am very much looking forward to our new relationship as friends and co-parents," Bezos said.

Tweet

The announcement clears up some concerns investors had in the days after the couple announced their plans to get a divorce about who would have voting power at Amazon. The Bezoses' split represented a unique situation, according to divorce law experts, since the two were together before Amazon started and before either of them owned such a vast amount of money.

While other founders and CEOs have gotten divorces, most had met their spouses after acquiring their wealth. MacKenzie Bezos, on the other hand, reportedly played a significant role laying Amazon's roots. In an oft-cited origin story, MacKenzie drove the pair from New York to Seattle while Jeff wrote Amazon's business plan. MacKenzie eventually negotiated Amazon's first freight contracts, according to Wired.

Watch: Jeff Bezos keeps control of Amazon in his divorce agreement

Let's block ads! (Why?)

https://www.cnbc.com/2019/04/04/mackenzie-bezos-to-keep-25-percent-of-couples-amazon-stock-after-finalizing-divorce.html

2019-04-04 18:28:29Z
52780260363439

Elon Musk assists Sheryl Crow after Tesla screen goes black, singer says she's stuck in parking lot - Fox News

After struggling to turn her Tesla on Wednesday, singer Sheryl Crow turned to her nearly 320,000 Twitter followers for assistance. One follower, in particular, rushed in to save the day.

"Help! Who knows what to do when your @Tesla screen goes black and the reset doesn’t work? Return it and get your money back??" asked Crow, revealing that she was stuck in a parking lot at the time.

More than 5,600 fans replied to Crow's tweet and submitted dozens of suggestions — but no one's expertise on the subject compared to Tesla's own CEO Elon Musk.

ELON MUSK'S SECURITY CLEARANCE IS UNDER REVIEW

Musk responded with simple instructions, "Change your screen preference from night mode to auto."

"Night mode with 0% brightness is actually too dark during the day," he added. "This is ultimately our fault. We will update our software so that 0% brightness is always usable relative to ambient conditions."

A Twitter user then pointed out to Musk that a reset should have fixed the problem, however. Musk said he "agreed" that should have been the case.

The 57-year-old country crooner thanked Musk, giving him a thumbs-up for his help.

"Problem solved with that solution after getting to @Tesla. Might I suggest adding some screen controls to the app so that you’re not stuck when the screen goes black?" Crow wrote to Musk.

She later confirmed to her followers that her issue was resolved and thanked everyone for jumping in to offer suggestions.

JIMMY BUFFETT'S OLD 1972 CHEVROLET EL CAMINO SS IS FOR SALE AND READY FOR A ROAD TRIP TO MARGARITAVILLE

"LOVED all of your creative responses. Best one was suggesting my kids take a look... which would have been helpful since my kid was the one who changed the settings / caused it to go black in the first place! I knew I should have interrupted school..." replied Crow. "Also, for the haters: I love my @Tesla, and have very few problems. I got the basic model, nothing overly fancy, and it was cheaper than my minivan!"

Nearly 20,000 people liked Musk's advice for Crow, though some questioned if he was only quick to respond because of Crow's fame.

"Only for famous ppl," one fan responded, though a woman then argued that she's seen him "reply and help people, famous or not."

"He can't do that for everyone obviously, he is only human (as far as we know ) but he does it surprisingly a lot," the woman continued.

"Hahahahaha this is AMAZING! Bet you didn’t think Elon was going to respond directly!" another user wrote.

"This is like the peak of customer service," a follower observed.

Musk is currently under fire for allegedly violating an agreement with the U.S. Securities and Exchange Commission (SEC) when he tweeted about Tesla's vehicle production in February without a lawyer's approval. A federal judge will hear oral arguments Thursday about whether Tesla CEO Elon Musk should be held in contempt of court.

It's unclear if Musk plans to attend the hearing. Musk has said his tweet didn't need pre-approval because it wasn't new information that would be meaningful to investors. His attorneys say the SEC is violating his first amendment rights to free speech.

Tesla's shares are falling 9% in early trading after the company said it churned out 77,100 vehicles in the first quarter, well behind the pace it must sustain to fulfill Musk's pledge to manufacture 500,000 cars annually. As of Wednesday's close, Tesla shares were down 12.3% so far this year.

The Associated Press contributed to this report.

Let's block ads! (Why?)

https://www.foxnews.com/auto/elon-musk-assists-sheryl-crow-after-tesla-screen-goes-black-singer-says-shes-stuck-in-parking-lot

2019-04-04 16:28:16Z
52780257617966

Elon Musk assists Sheryl Crow after Tesla screen goes black, singer says she's stuck in parking lot - Fox News

After struggling to turn her Tesla on Wednesday, singer Sheryl Crow turned to her nearly 320,000 Twitter followers for assistance. One follower, in particular, rushed in to save the day.

More than 5,600 fans replied to Crow's tweet and submitted dozens of suggestions — but no one's expertise on the subject compared to Tesla's own CEO Elon Musk.

ELON MUSK'S SECURITY CLEARANCE IS UNDER REVIEW

Musk responded with simple instructions, "Change your screen preference from night mode to auto."

A Twitter user then pointed out to Musk that a reset should have fixed the problem, however. Musk said he "agreed" that should have been the case.

The 57-year-old country crooner thanked Musk, giving him a thumbs-up for his help.

"Problem solved with that solution after getting to @Tesla. Might I suggest adding some screen controls to the app so that you’re not stuck when the screen goes black?" Crow wrote to Musk.

She later confirmed to her followers that her issue was resolved and thanked everyone for jumping in to offer suggestions.

JIMMY BUFFETT'S OLD 1972 CHEVROLET EL CAMINO SS IS FOR SALE AND READY FOR A ROAD TRIP TO MARGARITAVILLE

Nearly 20,000 people liked Musk's advice for Crow, though some questioned if he was only quick to respond because of Crow's fame.

"Only for famous ppl," one fan responded, though a woman then argued that she's seen him "reply and help people, famous or not."

"He can't do that for everyone obviously, he is only human (as far as we know ) but he does it surprisingly a lot," the woman continued.

"Hahahahaha this is AMAZING! Bet you didn’t think Elon was going to respond directly!" another user wrote.

"This is like the peak of customer service," a follower observed.

The Associated Press contributed to this report.

Let's block ads! (Why?)

https://www.foxnews.com/auto/elon-musk-assists-sheryl-crow-after-tesla-screen-goes-black-singer-says-shes-stuck-in-parking-lot

2019-04-04 16:01:29Z
52780257617966

Tesla reports record low sales, Elon Musk faces off with the SEC - Yahoo Finance

Tesla reported a 31% drop in sales in the first quarter of 2019, only delivering 63,000 vehicles in Q1. The electric car maker’s problems don’t end there, as CEO Elon Musk heads to court in his ongoing battle with the SEC. The regulator is seeking to hold Musk in contempt, arguing his tweets violated a September settlement. Yahoo Finance’s Dan Roberts, Akiko Fujita, Myles Udland, and Alexis Keenan break down what this means for Tesla’s future.

Let's block ads! (Why?)

https://finance.yahoo.com/video/tesla-reports-record-low-sales-142234398.html

2019-04-04 14:22:00Z
52780257617966

'By whatever means necessary': Tesla leaves some customers in the lurch as it rushes to deliver cars by the end of the quarter - INSIDER

Tesla buyers usually have 10 days to take delivery of their car once it's finished at the factory.
That becomes an issue, however, if the window overlaps with the end of a quarterly deadline for Tesla, current and former employees say.
In the company's rush to deliver cars by the end of the period, some customers get "unmatched" in favor of someone who can take the car sooner.
Tesla on Wednesday reported its biggest sales drop ever, with the number of quarterly deliveries sinking 31% since the fourth quarter.

As Tesla rushed to deliver cars before the end of the quarter on Sunday, some buyers' cars were offered to other customers who could take delivery of their vehicles sooner than the intended recipient.

Getting the keys into a buyer's hands usually isn't an issue, especially since buyers are typically eager to take delivery of their cars once ready, but that is put to the test at the end of the quarter as tight deadlines lead to high pressure inside the company.

For a small number of customers, Tesla's 10-day delivery period, as designated in the contract, sometimes overlaps with the end of the quarter. When that happens, customers are told their car may be given to another buyer.

Current and former Tesla employees, speaking with Business Insider on the condition of anonymity because they are not authorized to discuss internal practices, say the practice — known as VIN "unmatching" — is a regular part of life at Tesla. The issue first came to light in a viral Reddit thread last week.

"Generally speaking, as soon as the car arrives, we schedule the delivery," one current employee said. "Most people are OK with that, but the ones who aren't, for whatever reasons, are unmatched."

"The sole focus at the end of the quarter is to check every car 'delivered' by whatever means necessary," the employee said.

To be sure, customers will still receive the same model they purchase, though the VIN, or vehicle identification number, may not be the one originally assigned to them. In some cases, the current employee said, it could also result in a delay as customers are rematched.

A Tesla representative declined to comment.

Other current and former employees confirmed that the practice was typical at the end of quarters, when Tesla is known for all-hands-on-deck approaches to get cars out the door and into customer driveways. In emails seen by Business Insider at the end of March, CEO Elon Musk told all employees that their "primary priority" should be deliveries.

"This is the biggest wave in Tesla's history," Musk said in the email. "But it is primarily a function of our first delivery of mass manufactured cars on two continents simultaneously, and will not be repeated in subsequent quarters."

When all was said and done, Tesla on Wednesday posted one its largest quarterly declines in company history, with deliveries falling 34% from the previous quarter.

"We had only delivered half of the entire quarter's numbers by March 21, 10 days before end of quarter," Tesla said in a press release Wednesday night. "This caused a large number of vehicle deliveries to shift to the second quarter."

On Thursday, Elon Musk's lawyers are set to head to federal court in New York for a hearing in the billionaire's contempt-of-court case against the Securities and Exchange Commission.

More from Tesla's first-quarter delivery struggle:

Let's block ads! (Why?)

https://www.thisisinsider.com/tesla-unmatches-some-buyers-in-rush-to-deliver-cars-by-end-of-quarter-2019-4

2019-04-04 13:47:51Z
52780257617966

JP Morgan says Tesla just undermined Elon Musk's defense against the SEC - CNBC

Tesla may have just hurt Elon Musk's own case in his battle with the SEC, according to J.P. Morgan.

"The now clear incongruence of CEO outlook statements with official company guidance may hurt the perception of management commentary, eroding investor confidence and potentially placing additional pressure on the shares," J.P. Morgan analyst Ryan Brinkman said in a note to clients late Wednesday.

"Full year delivery guidance was stated in the release to have been 'reaffirmed' at the prior level of 360,000 to 400,000 units, in our view undermining a key tenet of CEO Elon Musk's legal defense against the SEC — that his February 19 tweet that Tesla will make around 500,000 vehicles in 2019 was not new information needing pre-approval," Brinkman said.

Musk is heading to Manhattan federal court on Thursday to continue his faceoff with the Securities and Exchange Commission, which claims that he violated an earlier deal by posting material information about Tesla on Feb. 19.

At that time, Musk tweeted to his more than 24 million Twitter followers: "Tesla made 0 cars in 2011, but will make around 500k in 2019."

tweet

Tesla shares fell more than 10 percent in premarket trading Thursday morning.

Though the government claims that Musk's tweet violated his agreement not to post material information without first seeking approval from company lawyers, the CEO has claimed that the information was innocuous and did not need to be vetted. He will try to convince the court that he did not violate an October fraud settlement and should not be held in contempt.

But Tesla's press release Wednesday night may undermine that argument with the latest production updates.

"Despite pull forward of demand from Q1 2019 into Q4 2018 due to the step down in the federal tax credit, US orders for Model 3 vehicles significantly outpaced what we were able to deliver in Q1. We reaffirm our prior guidance of 360,000 to 400,000 vehicle deliveries in 2019," the press release said.

Said Brinkman: "Even if it could be argued that official full year guidance somehow increased from 360-400K deliveries at the time of the shareholder letter to 350-500K of the Model 3 alone just hours later, to 420-600K total production on February 28 — and now back down to 36-400K deliveries — the choppiness and inconsistency of this communication would still in our view erode investor confidence."

Let's block ads! (Why?)

https://www.cnbc.com/2019/04/04/tesla-just-undermined-elon-musks-defense-against-the-sec-jp-morgan-says.html

2019-04-04 12:51:10Z
52780257617966

JP Morgan says Tesla just undermined Elon Musk's defense against the SEC - CNBC

Tesla may have just hurt Elon Musk's own case in his battle with the SEC, according to J.P. Morgan.

At that time, Musk tweeted to his more than 24 million Twitter followers: "Tesla made 0 cars in 2011, but will make around 500k in 2019."

tweet

Tesla shares fell more than 10 percent in premarket trading Thursday morning.

But Tesla's press release Wednesday night may undermine that argument with the latest production updates.

Said Brinkman: "Even if it could be argued that official full year guidance somehow increased from 360,000 ti 400,000 deliveries at the time of the shareholder letter to 350,000 to 500,000 of the Model 3 alone just hours later, to 420,000 to 600,000 total production on February 28 — and now back down to 360,000 to 400,000 deliveries — the choppiness and inconsistency of this communication would still in our view erode investor confidence."

Let's block ads! (Why?)

https://www.cnbc.com/2019/04/04/tesla-just-undermined-elon-musks-defense-against-the-sec-jp-morgan-says.html

2019-04-04 11:34:37Z
52780257617966