"Our investigators and several experts concluded with high confidence that the Saudis had access to Bezos' phone, and gained private information," Gavin de Becker wrote in an opinion article for the Daily Beast that was published Saturday. He did not offer concrete evidence supporting his allegations against the Saudi government. De Becker said that his findings have been turned over to federal officials and that he won't share details of the investigation out of respect to those officials, adding "I intend today's writing to be my last public statement on the matter."
He added that it is not clear whether the National Enquirer's parent company American Media Inc., or AMI, "was aware of the details."
AMI responded to de Becker's allegation in a statement to CNN Business on Sunday saying that it relied on one source, Sanchez's brother, Michael Sanchez, for its story.
"Despite the false and unsubstantiated claims of Mr. de Becker, American Media has, and continues to, refute the unsubstantiated claims that the materials for our report were acquired with the help of anyone other than the single source who first brought them to us ... there was no involvement by any other third party whatsoever."
Saudi Arabia denies any relationship to the Bezos story, according to de Becker. Saudi Arabian officials and de Becker did not respond to CNN's requests for comment regarding the op-ed over the weekend.
De Becker's article raises the stakes surrounding the National Enquirer's tabloid exposé of a romantic relationship between the billionaire Amazon CEO and Sanchez, a former anchor for Fox's local station in Los Angeles. Bezos has implied that AMI tried to extort him to please the Saudi government — which allegedly has links to AMI and is upset with Bezos-owned Washington Post's coverage of murdered columnist Jamal Khashoggi —or President Donald Trump. AMI says that's not the case.
In the Daily Beast, de Becker wrote that he and his team spoke with current and former AMI executives and sources, Middle East intelligence experts, Saudi whistleblowers and dissidents, as well as current and former advisers to President Trump, among others, before reaching the conclusion.
The National Enquirer tried to "strong-arm an American citizen whom[Saudi Arabia's] country's leadership wanted harmed, compromised, and silenced," according to de Becker.
AMI chairman David Pecker is a longtime friend of Trump's, and the Enquirer was one of Trump's most reliable and enthusiastic media boosters during the campaign. The publisher has admitted to making a payment of $150,000 in cooperation with members of Trump's presidential campaign to prevent former Playboy model Karen McDougal's claims of an affair with Trump from being made public during the 2016 race. Trump denied the affair.
Federal prosecutors ultimately struck a non-prosecution agreement with the publisher, effectively ruling out charges for AMI over its role in securing hush money from Trump's personal lawyer Michael Cohen.
De Becker believes that the texts and photographs sent from Bezos and Lauren Sanchez were shared with the National Enquirer by Michael Sanchez.
But de Becker claims that the National Enquirer knew about the messages before approaching Sanchez. Sanchez told CNN Business that AMI was already pursuing a story about the relationship when it came to him. He added that "de Becker's latest smoke-and-mirrors distraction " contained "zero evidence."
In its statement, AMI said that "the fact of the matter is, it was Michael Sanchez who tipped the National Enquirer off to the affair on Sept. 10, 2018, and over the course of four months provided all of the materials for our investigation." The spokesperson added that Sanchez's "continued efforts to discuss and falsely represent our reporting, and his role in it, has waived any source confidentiality."
De Becker argues that the first source is the Saudi Arabian government. He said that the Saudi leadership wanted to harm Bezos because of the Washington Post's coverage of Khashoggi's death. Khashoggi, who had been critical of Saudi Arabia and Saudi Crown Prince Mohammed Bin Salman, was killed and dismembered in the Saudi Arabian consulate in Istanbul in the fall.
The Saudis have presented shifting stories about Khashoggi's fate, initially denying any knowledge before arguing that a group of rogue operators, many of whom belong to bin Salman's inner circle, were responsible for the journalist's death. Riyadh has maintained that neither bin Salman nor King Salman knew of the operation to target Khashoggi. US officials, however, have said such a mission — including 15 men sent from Riyadh — could not have been carried out without the authorization of bin Salman.
In the post, Bezos noted that AMI has been investigated "for various actions they've taken on behalf of the Saudi Government."
He pointed to an Associated Press story about AMI's publication of a glossy magazine celebrating Crown Prince Mohammed bin Salman's visit to the United States in April 2018. AMI denied that Saudis had directed the magazine's production or paid for it, but the AP reported that three weeks before the prince's arrival, the media company sent a copy to the Saudi embassy, where it circulated among officials who then shared it with Washington foreign policy contacts. AMI said it didn't share an advance copy of the report with the Saudis, AP said in their story.
De Becker also referred to the story as evidence of a connection between AMI and the Saudi government.
Saudi Minister of State for Foreign Affairs Adel al-Jubeir has in the past denied any connection between his country and AMI to CNN.
-— CNN's Brian Stelter, Oliver Darcy, Tom Kludt, Nicole Gaouette, Nada Altaher, Chandler Thornton and Sheena McKenzie contributed to this report.
Kayla Goodfield, CP24.com Published Sunday, March 31, 2019 5:06PM EDT Last Updated Sunday, March 31, 2019 7:40PM EDT
The first legal pot shop in Toronto is ready to open its doors Monday morning.
Speaking inside the four-level retail store located at 202 Queen Street West, the communications officer for The Hunny Pot Cannabis Co. told CP24 that their team is “really excited for people to see the space.”
“Our focus from the very beginning was to open on April 1 at 9 a.m. and we never wavered from that,” Cameron Brown said. “We knew that we wanted to be open to make that first sale and the fact that we are the first Toronto retailer to be open and to make that first sale in the biggest market in Canada, I can’t express how excited we are about that.”
Although the process to set up shop was very quick, Brown said their 50-person team is ready to serve.
“We have a ton of education with the budtenders on the product side but also the story behind every little piece that we put into here so we are really excited for the customers to see it,” he said. “We went very heavy on staff because it’s very important that people coming through the door get the full Hunny Pot experience. They’ve (the staff) have been in training all week on the products, training on the process and making sure that we have everything down to be able to flow if we have two people here tomorrow or 10,000 people.”
The Hunny Pot Cannabis Co. is one of ten legal pot shops in the province expected to open Monday morning after being granted a retail licence from the Alcohol and Gaming Commission of Ontario (AGCO) earlier this month.
On Monday, three shops are expected to open in Ottawa, two in Kingston and one in Brampton, St. Catharines, London and Burlington respectively, according to the AGCO.
“Although the AGCO has authorized these stores to open on April 1, the operators will determine their own opening day and operating hours as permitted in the regulation,” the AGCO said on its website on Sunday.
The retail cannabis licences were granted after the provincial government announced the first 25 companies that were able to apply for a licence on Jan. 11. More than 17,000 expressions of interest to receive a licence were accepted prior to the decisions, according to the AGCO.
The licences were divided by region, with five in the east of the province, seven in the west, two in the north, six in the Greater Toronto Area and five in Toronto.
Those who were granted a licence but neglect to open on time can face a fine from the provincial government.
A lineup was started by cannabis lawyer Caryma Sa’d and her assistant Marie Kamara outside of The Hunny Pot Cannabis Co. on Sunday afternoon.
“It’s a historic moment,” she said.
Sa’d said the process set up by the provincial government regarding the opening of legal cannabis shops in Ontario has been “disappointing.”
“It is disappointing but perhaps not surprising given how the government decided to roll out. Initially we had thoughts of privatization, open for business and that was replaced with a lottery that had zero merit criteria so it’s not surprising that only a handful of stores in the province were able to be ready on time.”
Recreational marijuana has been available to Ontarians legally through online purchase on the Ontario Cannabis Store website since October 17.
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April 01, 2019 at 04:06AM
WINNIPEG - There was no winner for Saturday night's $7 million Lotto 649 Draw. The draw for next Wednesday, April 3 is an estimated $10 million.
There was however, a Winnipeg ticket holder who won $100,000 with the EXTRA.
Here are the winning numbers from Saturday March 30, 2019.
In the event of any discrepancy between this information and the official information of the Western Canadian Lottery Corporation, the latter shall prevail.
- PHOTO OF WINNING NUMBERS - WCLC.COM
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March 31, 2019 at 06:32PM
After recently going public, Lyft is trying to attract more drivers and maybe take some of Uber’s best with some new perks. By offering no-fee bank accounts with automatic deposits, and cheaper repairs, they hope to sweeten the deal without increasing driver pay. They’re also increasing the number of hybrid and electric vehicles available for driver rentals.
But the big challenge is that they can’t do this by increasing driver pay, or they risk being undercut by the competition. In a recent email to Lyft drivers, they announced several changes to try to help drivers earn more money and reduce the environmental impact.
“As we become a public company, we’d like to thank our drivers for every mile, minute, and conversation you’ve given so far.” they said. “Just days ago, we announced the launch of Lyft Driver Services, designed to save you money and make driving easier. Now, we’re more equipped and accountable than ever to support drivers like you.”
The email directs drivers to their new “Why Drive With Lyft?” page. They first go over the new Lyft Direct Debit Card. If drivers sign up for one, they get instant deposits to the account after every ride without the usual $0.50 fee. They also get no ATM fees for withdrawals, and some cashback rewards.
Photo by Lyft
They’re also rolling out “driver centers,” where drivers can get reduced cost repairs and maintenance for their vehicles. For those outside of an area with a center, mobile repair services will soon be available in several cities, with more to come later this year. The idea is to both provide cheaper repairs and less time without the car out of service.
They also announced that they’re ordering more vehicles to expand the Express Drive program to more cities. To start, they ordered over 6,000 new vehicles, with most of them being hybrid or electric vehicles. This probably is mostly meant as a perk for drivers to keep gas costs down, but is probably also meant to help reduce the environmental impact of the service in cities.
Finally, they announced increased Driver Advisory Councils to get more feedback from drivers and announced that people using GEICO rideshare insurance will get higher pay on every ride.
While I’m sure most drivers would like to just see higher pay, these moves seem to be designed to help drivers reduce their expenses and take home more pay at the end of the month. While we watch to see how this goes,be sure to TIP YOUR DRIVERSif you use these services and your driver did a reasonably good job. These days, the driver usually gets less than half of the money you are paying for a ride. Just a few bucks from each passenger can make a big difference at the end of the day.
Jennifer Sensiba Jennifer Sensiba is a long time efficient vehicle enthusiast, writer, and photographer. She grew up around a transmission shop, and has been experimenting with vehicle efficiency since she was 16 and drove a Pontiac Fiero. She likes to explore the Southwest US with her partner, kids, and animals.
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March 30, 2019 at 09:40AM
Two Windsor sisters can expect to lose their job at Windsor Assembly Plant on Sept. 30, 2019 — when Fiat Chrysler Automotive terminates the third shift at the plant.
They are two of roughly 1,500 jobs that will be lost as a result.
Brenda and Holly Lucier both work on the assembly line.
"I was devastated," said Brenda — her sister Holly is the one who called to give her the news.
"Everything I worked for ... ripped [away] in that five-minute call. I didn't know what I was going to do."
Brenda Lucier, centre, and Holly Lucier talk about what it was like finding out they might lose their job in September. 2:29
Holly thought it was a joke — and then she knew it was a nightmare.
"I've only been there a year," said Holly. "I've only been there a year. I don't know what to think."
She had left a previous role to go work at WAP, after she bettered herself, she said.
Holly bought a new car just a few weeks ago. When she called the dealership Friday morning to see if she could give it back, she wasn't their first call that morning.
Holly said it's not just them — it's all the feeder plants too. She said eliminating a whole shift has huge repercussions.
WATCH Rod Drouillard say it's been a shock:
Rod Drouillard has worked on the midnight shift for a long time. What happens next for him? 0:24
Rod Drouillard has been on steady midnights for 30 years. He's probably headed to the swing shift now.
"I feel bad for the low seniority guys," said Drouillard. "I'll still have a job at the end of the day. It's tough for the economy in Windsor."
Drouillard said the floor was quiet on his shift Thursday night.
"But you can't lose sleep over something you can't control," said Drouillard. "It is what it is. It's a business decision, they're in it to make money."
WATCH DinoGatto says he'll be okay, but the new hires are at a risk:
Day shift employee Dino Gatto says the shift cancellation will affect those who haven't been with FCA very long. 0:21
Dino Gatto on the day shift said as a plant, they're in shock.
"It's a big blow," said Gatto. "We've been running the third shift since 1993. It's been a great opportunity."
Gatto said it's the 2,000 people who were hired in the last few years who will hurt the most — he's been on the line for 23 years, so he'll be okay ... for now.
"Is it going to stabilize? Is it going to continue to get worse? Time will tell," he said.
Hope may come with a new product
According to Drouillard, the company just can't sustain three shifts, five days a week.
How did the third shift get here? 0:40
The plant will be shutdown during the summer for retooling. Gatto said he's heard it may be for an all-wheel platform product.
Even though some people are still hopeful another product will come in, Drouillard said "once we go down to two shifts it may be hard to get it back."
Gatto said some of the employees saw it coming, looking at the shutdowns over the last year.
"There's still some hope," said Gatto.
"We're really uncertain what the future holds, even tomorrow. If there are some layoffs, maybe they'll get called back within the year. We don't know."
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March 30, 2019 at 05:00PM
I’ve followed Tesla closely for about 7 years. Confident predictions about Tesla’s imminent death have been commonplace for much longer than that. These have come from armchair auto experts, retired auto executives, non-retired auto execs, high-rolling short sellers, low-rolling short sellers, clueless or pretending to be clueless TV hosts and journalists, paid trolls, and probably others I’m forgetting to honor here.
I’m not sure when the first prediction of bankruptcy or startup death was made, but the start of an infamous “Tesla Death Watch” was on May 19, 2008. Something crossed my mind recently — why not have some fun with this never-ending hype? Why not toy a bit with the ongoing smear campaigners and have some good-hearted fun in the process?
The idea that popped into my head was, let’s start a Tesla death anniversary celebration!
Elon’s reaction to our idea. This is not a screenshot from the Tesla Model Y reveal event.
A follow-up reaction from Elon to our idea, after he thought about it for a few seconds. Again, this is not a screenshot from the Tesla Model Y reveal event. Do not try to compare this image to any portion of the Tesla video from that event.
If you are not sure yet, take your time to think about it — you have two and a half months to consider it and make plans. But seriously, come on, what is there to think about?!
That’s basically all there is to it. We are going to encourage hosts to focus on test drives and showing off the supersplendulous Tesla Model 3, Model X, Model S, and Roadster, but it’s really up to hosts and participants how they decide to celebrate. You could host a house party, a pool party, or a Tesla camping party.
You could launch an epic road trip, organize a Tesla parade, plan a day off Tesla drag racing, or create a Tesla scavenger hunt.
You could have a frunkpuppy party, organize a day of pranks using Tesla Summon, or try to set a record for the highest number of dancing Model Xs.
I’m sure there are many ingenious ideas Tesla owners and fans could come up with to celebrate Tesla’s 11th death anniversary. The only thing I can’t understand is why anyone wouldn’t host or join a Tesla death anniversary event.
To further get you in the mood, I’m going to repost below three of my favorite articles from our Tesla Flashbacks series. Enjoy!
August 29th, 2018
10 years ago, now-rabid CNBC didn’t know Tesla from your mother. Fox News was busy complaining that Obama encouraged people to keep their tires well inflated. Seeking Alpha? Well, I couldn’t find a single Tesla story on Seeking Alpha published in the month of August 2008. But some geniuses on a website called “The Truth About Cars” were onto something. They published episode #17 of their “Tesla Death Watch.”
Here’s the core of that insightful post:
“They’re heading for their promised 100 cars per month. You know; once they get their transmission shit together. in October. Or thereabouts. Or later. Meanwhile, according to a Tesla newsletter released Wednesday night, the Lotus assembly plant in Hethel, England has fifteen cars ‘ready to be shipped’ to CA sans battery and powertrain. I’ll admit it: fifteen cars is fourteen more than I’ve built (don’t ask). But have you seen Tesla’s showroom? These Silicon Valley boys are not exactly Scrooge McDuck when it comes to overheads. Even if you figure each customer car at the new price of $120k, that’s only $1.8m gross income. What’s the bet that each of those cars will end up costing Tesla money (a la David Brown’s Aston Martin era)? Never mind. Saving the planet is a tough job, but someone’s got to do it.”
Talk about some smart cookies, eh? They really saw what was up. Tesla was doomed. It certainly couldn’t build cars. And it didn’t know how to manage money. And if Tesla build cars, those cars would surely cost more to build and market than customers would pay for them. Well, too bad — Tesla might have built some fun cars if it had survived.
Episode #16 was published a week before. Here’s a snippet from that:
“Now, if Tesla can just amp-up production, not ‘fad out,’ keep costs under control (have you seen that showroom?), raise more money, build a more profitable product and fend off competitors, we can take them off the Death Watch.”
Ha. Clever. Funny. Insightful. Spot on the money. Of course Tesla couldn’t do any of those things. Good thing the brave souls at “The Truth About Cars” were calling a spade a spade.
Oh, wait — Tesla didn’t die in 2008?
Oddly, not only did it not die, but some of the same contributors to the Death Watch blog continue to claim that Tesla will collapse any day. (Note: They no longer write on “The Truth About Cars.” In fact, their credibility has graduated some of them to even bigger websites.)
Here’s a piece of a 2008 post from one of the thoughtful critics who continues to proudly proclaim imminent doom for Tesla:
“Tesla Motors says it’s secured 90 acres between San Jose and Santa Clara, CA to build its world headquarters. Oh, and production facilities for its (supposedly) upcoming Model S (nee White Star) sedan. The announcement is creating all kinds of excitement among the kind of people who use terms like ‘green collar jobs’ and ‘cleantech.’”
Silly hippies.
The blogging crew also did some community service admonishing Megan Fox for talking about the Tesla she’d buy someday. “Anyway, your money’s no good at Tesla, Megan. And therein lies the tale.” That’s right, it’s just a dream, because Tesla can’t build cars, ya know?
Oh, I forgot a great episode. Back in July 2008, the car boys piggybacked on the always brilliant and helpful New York Times (yes, thatNew York Times). Here’s a quote from the piece in the Times:
“Just because Tesla has succeeded in making an expensive electric sports car does not mean that it will be able to make a moderately priced five-seat sedan. The latter is a quantum leap more difficult… David Cole, the chairman of the Center for Automotive Research, is another Tesla skeptic. For one thing, he says, the battery solution in the Roadster probably won’t work in a heavier car. ‘Lithium batteries are going to change the world,’ he said, ‘but they are not ready for prime time.’ Tesla’s solution in the Roadster — tying together thousands of small batteries into one giant one — is ‘suboptimal.’ He added, ‘On a degree of difficulty scale, building a sports car is a 2. Building a high-volume affordable car is a 10.’ … The more I prodded, though, the more skeptical I became.”
The truthy car boys didn’t want to be left out of the intelligent prognosticating, adding, “Join the club Joe. And thanks for reading.” See, it’s not only New York Timers that are smart. Even car boys can identify a joke when they see one. They can even write a good joke from time to time. Exhibit A:
Think “fraud” is a new favorite word of Tesla haters? Come on, this one is timeless! Well, it goes back at least as far as 2009.
“Gawker reports that Tesla spinmeister Daryl Siry left the Silicon Valley startup because CEO Elon Musk (above) was pushing to accept deposits on the Model S sedan. The Model S (a.k.a. WhiteStar) exists only as a prototype. Tesla has no factory or financing with which to build it. When Musk announced that the DOE would approve Tesla’s loan application (they haven’t and likely won’t) and decided to accept $40K Model S deposits (next month), Siry smelled fraud and bailed.”
Good thing Siry left back in 2009, before shit hit the fan and he lost a ton of money. (Full disclosure: I don’t recall ever seeing Siry’s name before, and I definitely can’t verify if the claims above are valid. Either way, it appears he got off the ship just before it burned and sank. Lucky him.)
The writer’s historic ending to that article: “Meanwhile, anecdotal evidence from Tesla forums indicates that the real winner here: the Fisker Karma.”
Ah, indeed, the Fisker Karma.
To be fair, Fisker might be back, and the writer of that article above is still warning people that Tesla might collapse at any moment.
A few months later, here’s the title of another post on the Truth About Cars blog: “Tesla’s Model S Ponzi Scheme Rakes in $2.6M. At Least.” Ponzi scheme — clever. Who could have imagined such wit? I’m just honored to be alive at this time, to cherish the literature as it freshly rolls off the keyboards of today’s Mark Twains and George Bernard Shaws.
Okay, that’s 9 years ago, so maybe it’s not super fresh any longer. But isn’t it relevant into infinity? We can roll “Ponzi” into Tesla coverage every day forever.
The Death Watch crew also found a letter from Tesla CEO & Chairman Elon Musk to staff back in 2009 that can be carried forward to today:
“This is why I’m so concerned about the continuing leaks to media. It really hurts free communication when even minor issues are leaked and blown way out of proportion. It is nutty that a company like Tesla, which is doing really well right now (how many companies can say that they’re sold out through October?) should suffer from misleading articles on blog sites that would have no credibility, but for a purported inside leak. The leaks often aren’t even accurate!”
Good thing the media got much better about not blowing minor issues out of proportion.
That’s right — don’t believe Elon Musk or anyone else from Tesla when they tell you they’re going to turn a profit or actually just started turning a profit. Yep, fraudsters can be liars, and even if liars can be profitable, a liar is a fraud, and you simply can’t believe liars and fraudsters when they tell you they’re profitable.
By the way, if you dare venture into the comments of any of those stories linked above, you’ll find the early gems of discussions still taking place today on Twitter, Seeking Alpha, CNBC, and even under some CleanTechnica articles. It’s as if nothing has changed.
Never mind that Tesla went from building a handful of Roadsters to producing approximately 20,000 cars a month, or a rate of 240,000 cars a year.
Oh, wow, you’re still here? As a reward for your perseverance, I spent some time trying to find my first article about Tesla. We started covering Tesla here on CleanTechnica back in March 2009 with the article “The new Tesla Model S is… very sexy,” but my first article on the company wasn’t written until May 2012 when I published “Tesla Motors to Start Delivering Model S on June 22.” That was just a little more than 6 years ago — but it sure feels like decades.
This was a quote from Elon Musk back in that May 2012 article: “In 2006 our plan was to build an electric sports car followed by an affordable electric sedan, and reduce our dependence on oil. Delivering Model S is a key part of that plan and represents Tesla’s transition to a mass-production automaker and the most compelling car company of the 21st century.” Grand plans. Many were laughing. Who’s laughing now?
January 12th, 2019
I was searching for some old information on the Model X on Friday and I stumbled across interesting old news that made me reflect a bit on Tesla’s development. Then I stumbled across more. And then more. So I ended up deciding to put together this piece on some Tesla news flashbacks.
Back in 2009, a prominent auto journalist bet Elon Musk $1 million that Tesla couldn’t roll out the Model S by the end of 2012 with the specs presented. Tesla did. Elon donated $1 million to charity anyway.
Back in 2010, Toyota & Tesla announced that they’d team up on an affordable electric car. Confused? That was the Toyota RAV4 EV, which had Tesla internals and a Toyota exterior. It was a well loved car by the few people who got one into their garages, but it didn’t see many states, let alone other countries.
Back in 2011, Tesla expected that it would sell 30,000–35,000 Model S and Model X vehicles combined each year. Tesla now sells 100,000 per year.
Also back in 2011, Elon Musk projected that Tesla would show a quarterly profit in 2013. (Snicker, snicker.) It did.
Back in 2012, Tesla was very excited because it got 500 Model X reservations in 4 days! (Seriously.) My, how times have changed!
In January 2013, we found out that Tesla had trademarked “Model Y,” which would mean that Tesla’s eventual vehicle lineup would be S-E-X-Y (back then, it was expected the Tesla Model 3 would be the Tesla Model E … before Ford blocked that from happening).
Also back in 2013, Tesla announced that it was delaying release of the Model X almost one year … because the Model S was so popular. This is something that has long been forgotten or overlooked, but it was an early sign of Tesla vehicle demand being much greater than just about everyone expected.
A couple weeks later, Tesla proudly announced that it was producing a whopping 500 Model S sedans per week. Wow! (Okay, I’m making fun now, but that was a big milestone and a multi-year series of milestones like that is what led us to today. Perhaps it won’t be that long before 90,000 Teslas a quarter seems like small fries, and even funny.)
Also back in 2013, Elon Musk said that the company’s 4th model (which had not yet been named the Model 3) would be released by 2017. Many Tesla critics laughed at that as an absurdity. Tesla did indeed release the 4th model in 2017.
Also back in 2013, we started getting word that the Tesla Model S was crushing the large luxury car competition in the US. Of course, the claims of Tesla critics and shorts back then were that the high demand was just a blip, a short-term thing, and that demand was starting to drop and Tesla would soon be in for a big hurt. Actually, the Model S continued to dominate the large luxury car segment and continued to hold the #1 spot in 2018 — by a wide margin.
In January 2014, I summarized the 13 electric vehicles coming to market that year in the USA and Europe, the: BMW i3, BMW i8, Tesla Model X, Volkswagen e-Up!, Volkswagen e-Golf, Cadillac ELR, Kia Soul EV, Mercedes-Benz B-Class Electric, Porsche Panamera Plug-in S E-Hybrid, Nissan e-NV200, and three Via Motors models (that never actually got to the consumer market). My, how times have changed!
In 2012, an IHS analyst seemed to kick off FUD (fear, uncertainty, and doubt) connected to the idea of Tesla killers before anyone I know of threw around the idea. He said, “several factors remain that work against the company, not the least of which is a major competitive disadvantage against efforts being made by major automakers, despite the massive influx of cash that Tesla has enjoyed.
“The $57,400-and-up $64,900-and-up 2012 Tesla Model S will be a curious proposition for a luxury-car buyer. It enters a segment (mid-size luxury sport sedans) that doesn’t see huge volumes–and one in which brand loyalty tends to be strong.
“Tesla likes to suggest that the Model S is unique and will set itself apart from competition that includes stalwarts like the BMW 5-Series, Mercedes-Benz E Class, and a dozen other models.
“Perhaps it will—if Tesla’s sales goals are not terribly ambitious, they could be met. It’s possible to sell a few thousand of anything in this country, on novelty value alone. IHS Automotive forecasts that if Tesla can get the car to market, it will likely sell at least a few thousand.
“But the idea that Tesla could sell tens of thousands of Model S sedans in the U.S. is folly. The most popular vehicles in that segment only sell a few tens of thousands themselves, with some models–Audi A6, Jaguar XF, Lexus GS–well below 10,000 sales a year.
“Remember that hybrid vehicles themselves, which are far easier to own and operate than pure electric cars, are still just 2 to 3 percent of the total U.S. market. And a recent Deloitte & Touche research note suggests that whether car buyers actually want electrified vehicles is still a matter of some debate.”
Folly indeed. Was that guy really getting paid for his analysis? Well, of course he was, as were countless other analysts saying the same thing.
I have to admit — I’ve been on a number of conference calls with industry analysts in which I was clearly in an “extreme” corner and basically there to be the “pro-Tesla” voice of the debate. As it turns out, my points bore much more fruit than the others I’ve heard over the years.
In the same interview, though, the analyst highlighted Tesla’s impressive level of vertical integration and in-house part production as well. “I wasn’t aware how much of the technology in the Model S was developed in-house.
“Tesla makes nearly everything on the Model S itself. The exceptions are some of the trickier bits, like the pedal box and steering column, which it gets from Daimler. Tesla even makes its own molded plastic parts, using machinery left by Toyota at the Fremont, California, assembly plant.”
That in-housing and ingenuity led the analyst to believe that Tesla had a better chance of survival than he once thought.
“I still think that as an automaker, Tesla needs to have a partner to survive long-term. But it has actually demonstrated that it can find partners who are interested in further tie-ups, and also that selling its own cars is not the only avenue to making money.
“I remain skeptical, however, about the market chances for the Model S and the actual demand for a $57,400-plus $65,000-plus all-electric sedan from a relatively unknown brand, when compared to the modern and future competition.”
In 2014, CNN Business/CNN Money came to the brilliant conclusion that Tesla sales were cooling off. “Tesla forecast that it would sell 35,000 of the Model S worldwide in 2014, but sales tracker Autodata estimates that U.S. sales in the first quarter rose less than 1%. … Investors are increasingly concerned about a decline in 2014 North American deliveries, according to Adam Jonas, auto analyst with Morgan Stanley.” Global sales of the Model S are now ~50,000 a year, as are sales of the Model X, and sales of the Model 3 are much higher. Those nail-biting analysts seem to have been worried about nothing.
In April 2015, one tech journalist offered a rather hilarious take on the Model S compared to new plug-in offerings from BMW. He drove a BMW i8 for a week and got a lot of attention for it. He didn’t seem to get any attention from Tesla drivers, and then came to some odd conclusions about that. “There was, however, a curious exception to all of this techno-worship: drivers of the Tesla Model S. Others rolled down a window, snapped a photo, or simply asked what it was. I shared a few fist bumps with owners of the BMW i3 and even the Chevy Volt, two other electric cars. But the Tesla drivers studiously avoided eye contact. I encountered two or three dozen over the course of a week, but no Model S driver ever acknowledged my car’s existence—a gnawing insecurity was inescapable. Tesla Motors practically invented the concept of the eco-supercar—at least at a consumer level—and it has dominated the sector for three years. But next to BMW’s i8, Tesla bore the patina of age.”
Haha. Did the writer really think Model S drivers didn’t look at him or the i8 out of insecurity? They most likely didn’t acknowledge the i8 because it doesn’t compare to a Model S in numerous key ways. That helps to explain why historical i8 sales look like a spec of dirt next to the hill of Model S sales to date.
Going on: “But BMW’s i-series, which launched in Germany at the end of 2013, has obliterated any doubt as to whether Germany will be a contender in what I call the Great Race for electrification. Indeed, although Porsche sells plug-in versions of its Panamera and Cayenne SUV, the i8 is arguably the first real challenger to Tesla’s eco-chic Model S.” I could create a sales chart to demonstrate how laughable that idea was, but honestly, it’s not even worth the time. The i8 is a pretty car and is fun in its own way, but it’s no Model S competitor and never had a chance of being one. (For the record, I own a BMW i3 and love it, and do love the styling of the i8, but the reason I have an i3 is that its selling price on the used market was so far below its original MSRP that it felt like a steal for such a fun car. Also, it was the first electric car I drove, and I assume there’s something like “first love” there for me.)
In a 2015 article on BMWBlog (which, admittedly, is inherently going to be pro BMW), the writer was enthusiastically covering an experimental BMW plug-in hybrid with oodles of power. He wrote, “Now if/when Elon Musk hears about this, he will inevitably point to the fact that not only is ‘The Thing’ experimental and he has experimental projects as well, but that ‘The Thing’ uses a gasoline engine in tandem with electricity while the Model S does not. However, I think that’s a selling point for BMW’s technology as over the Model S. Plug-in hybrids offer more flexibility as they can be filled with gasoline as needed, so range anxiety no longer exists. Although, Mr. Musk claims to be eliminating range anxiety, there’s simply no scenario where a pure electric car has the range of a plug-in hybrid.”
If you read CleanTechnica regularly, a certain story I published last weekend might have popped into your mind reading that. It turns out that Tesla sold more Model 3s in 2018 in the USA than all other automakers sold all of their plug-in hybrids. The Model 3 didn’t just crush BMW’s plug-in hybrid models. It crushed BMW’s + GM’s + Ford’s + Daimler’s + Toyota’s + Honda’s + Chrysler’s + Mitsubishi’s + Hyundai’s + Kia’s + Volkswagen’s + Audi’s. Tell me again, how does a plug-in hybrid powertrain compete against a well designed fully electric powertrain?
In August 2015, Reuters hyped that, “The Silicon Valley automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles.” Of course, that was a misrepresentation of the story, or a misleading way to communicate what the company was doing. Tesla was selling thousands of Model Ss per month, each of which was making the company money. (In fact, Tesla has long had fairly high gross margins on the Model S.) At the same time, Tesla was investing a ton of money into rapid growth, continuous development that would lead to where it is today — selling tens of thousands of cars a month and profitable.
Going back no further than February 2016, we have to end with one of our favorites. That would be Bob Lutz, the former vice chairman of GM (among other things), claiming that the Tesla Model X would be impossible to build and that Tesla’s whole business model didn’t make sense. “Tesla’s business model is upside down…their costs have always been higher than their revenue,” Lutz told CNBC. “They always have to get more capital, then they burn through it.
“While [Tesla’s] car is excellent, the business has always been lousy. Now, it’s super lousy because the generic demand for electric vehicles is down. And here’s why this is going to kill Tesla: whether there’s consumer demand for electric vehicles out there or not, the major OEMs like Ford, GM, Toyota, Volkswagen … they have to build electric cars — a certain number — in order to satisfy the requirements in about half of the states. Those have to be jammed into the marketplace, otherwise they can no longer sell SUVs and full-size pickups and the stuff they really make money on. That is going to generically depress the prices of electric vehicles. …
“The Model X appears to be unbuildable with those automatic gull-wing doors, which everyone in the industry always said were not going to work.”
The year before, Lutz said that Tesla faced “[the] trifecta of doom … bleeding cash, securitized assets, and mounting inventory.”
Shhh, nobody tell Bob that Tesla now mass produces the Model X (selling ~50,000 per year), the doom dissipated and profitability took its place, other automakers still aren’t competing with Tesla, demand for electric cars has risen rather than dropped, and Tesla’s business model seems to be very right-side up.
Okay, let’s be fair for a moment — it was easy to not understand Tesla’s advantage and inherent prowess back in the day, or even a few years ago. How could everyone know what Tesla was capable of and why its vehicles were and would be so much more competitive than those of other automakers? Well, actually, many followers did understand all of that. They were often called brainless, Kool-Aid drinking, cultish fanboys. They were discounted by analysts and “auto experts.” They were pushed into a dark corner by most of the media. (Actually, it’s hard to think of any major media outlet that didn’t assume we belonged in a dark corner.) We explained the advantages in the specs, in a well designed electric powertrain, in a fully electric corporate focus, in constant hardware and software innovation in rapid development cycles, in Tesla’s in-housing of core components, and so on. But we were just fanboys. What else would we say?
Perhaps with this next round of Tesla targets it’s time for the major media to spend time learning from those people who know the most about Tesla, and can provide an independent voice on the company without throwing in unwarranted pessimism. Or just keep on doing what you’ve been doing.
Zachary Shahan Zach is tryin' to help society help itself (and other species). He spends most of his time here on CleanTechnica as its director and chief editor. He's also the president of Important Media and the director/founder of EV Obsession and Solar Love. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, and Canada.
Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in. But he offers no professional investment advice and would rather not be responsible for you losing money, so don't jump to conclusions.
"Our investigators and several experts concluded with high confidence that the Saudis had access to Bezos' phone, and gained private information," Gavin de Becker wrote in an opinion article for the Daily Beast that was published Saturday. He did not offer concrete evidence supporting his allegations against the Saudi government. De Becker said that his findings have been turned over to federal officials and that he won't share details of the investigation out of respect to those officials, adding "I intend today's writing to be my last public statement on the matter."
He added that it is not clear whether the National Enquirer's parent company American Media Inc., or AMI, "was aware of the details."
AMI responded to de Becker's allegation in a statement to CNN Business on Sunday saying that it relied on one source, Sanchez's brother, Michael Sanchez, for its story.
"Despite the false and unsubstantiated claims of Mr. de Becker, American Media has, and continues to, refute the unsubstantiated claims that the materials for our report were acquired with the help of anyone other than the single source who first brought them to us ... there was no involvement by any other third party whatsoever."
Saudi Arabia denies any relationship to the Bezos story, according to de Becker. Saudi Arabian officials and de Becker did not respond to CNN's requests for comment regarding the op-ed over the weekend.
De Becker's article raises the stakes surrounding the National Enquirer's tabloid exposé of a romantic relationship between the billionaire Amazon CEO and Sanchez, a former anchor for Fox's local station in Los Angeles. Bezos has implied that AMI tried to extort him to please the Saudi government — which allegedly has links to AMI and is upset with Bezos-owned Washington Post's coverage of murdered columnist Jamal Khashoggi —or President Donald Trump. AMI says that's not the case.
In the Daily Beast, de Becker wrote that he and his team spoke with current and former AMI executives and sources, Middle East intelligence experts, Saudi whistleblowers and dissidents, as well as current and former advisers to President Trump, among others, before reaching the conclusion.
The National Enquirer tried to "strong-arm an American citizen whom[Saudi Arabia's] country's leadership wanted harmed, compromised, and silenced," according to de Becker.
AMI chairman David Pecker is a longtime friend of Trump's, and the Enquirer was one of Trump's most reliable and enthusiastic media boosters during the campaign. The publisher has admitted to making a payment of $150,000 in cooperation with members of Trump's presidential campaign to prevent former Playboy model Karen McDougal's claims of an affair with Trump from being made public during the 2016 race. Trump denied the affair.
Federal prosecutors ultimately struck a non-prosecution agreement with the publisher, effectively ruling out charges for AMI over its role in securing hush money from Trump's personal lawyer Michael Cohen.
De Becker believes that the texts and photographs sent from Bezos and Lauren Sanchez were shared with the National Enquirer by Michael Sanchez.
But de Becker claims that the National Enquirer knew about the messages before approaching Sanchez. Sanchez told CNN Business that AMI was already pursuing a story about the relationship when it came to him. He added that "de Becker's latest smoke-and-mirrors distraction " contained "zero evidence."
In its statement, AMI said that "the fact of the matter is, it was Michael Sanchez who tipped the National Enquirer off to the affair on Sept. 10, 2018, and over the course of four months provided all of the materials for our investigation." The spokesperson added that Sanchez's "continued efforts to discuss and falsely represent our reporting, and his role in it, has waived any source confidentiality."
De Becker argues that the first source is the Saudi Arabian government. He said that the Saudi leadership wanted to harm Bezos because of the Washington Post's coverage of Khashoggi's death. Khashoggi, who had been critical of Saudi Arabia and Saudi Crown Prince Mohammed Bin Salman, was killed and dismembered in the Saudi Arabian consulate in Istanbul in the fall.
The Saudis have presented shifting stories about Khashoggi's fate, initially denying any knowledge before arguing that a group of rogue operators, many of whom belong to bin Salman's inner circle, were responsible for the journalist's death. Riyadh has maintained that neither bin Salman nor King Salman knew of the operation to target Khashoggi. US officials, however, have said such a mission — including 15 men sent from Riyadh — could not have been carried out without the authorization of bin Salman.
In the post, Bezos noted that AMI has been investigated "for various actions they've taken on behalf of the Saudi Government."
He pointed to an Associated Press story about AMI's publication of a glossy magazine celebrating Crown Prince Mohammed bin Salman's visit to the United States in April 2018. AMI denied that Saudis had directed the magazine's production or paid for it, but the AP reported that three weeks before the prince's arrival, the media company sent a copy to the Saudi embassy, where it circulated among officials who then shared it with Washington foreign policy contacts. AMI said it didn't share an advance copy of the report with the Saudis, AP said in their story.
De Becker also referred to the story as evidence of a connection between AMI and the Saudi government.
Saudi Minister of State for Foreign Affairs Adel al-Jubeir has in the past denied any connection between his country and AMI to CNN.
-— CNN's Brian Stelter, Oliver Darcy, Tom Kludt, Nicole Gaouette, Nada Altaher, Chandler Thornton and Sheena McKenzie contributed to this report.
11:36 AM PDT 3/31/2019
by
Mitchell Peters, Billboard
Posted under the handle Emo G Records, the two-minute track pays tribute to the Cincinnati Zoo gorilla who was killed in 2016 after a 3-year-old climbed into its living area.
Elon Musk can now apparently add "rapper" to his accomplished résumé.
On Saturday, the Tesla and SpaceX CEO appeared to randomly upload an auto-tuned rap song called "RIP Harambe" on SoundCloud. Posted under the handle Emo G Records, the two-minute track pays tribute to the Cincinnati Zoo gorilla who was killed in 2016 after a 3-year-old climbed into its living area. It's unclear if Musk stumbled upon the track, which has his name on it, or if he released the track himself.
"RIP Harambe/ smoking on some strong hay/ in the gorilla zoo and we thinking about you," the person on the song raps.
Musk tweeted "RIP Harambe" and the faux label to his 25 million Twitter followers early Saturday morning. "I’m disappointed that my record label failed," the 47-year-old entrepreneur wrote.
"RIP Harambe" had more than 200,000 plays as of Sunday afternoon. Listen to the track and see Musk's tweets below.
FILE PHOTO: Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, speaks at the Economic Club of Washington DC's "Milestone Celebration Dinner" in Washington, U.S., September 13, 2018. REUTERS/Joshua Roberts/File Photo
WASHINGTON (Reuters) - The publisher of the National Enquirer on Sunday said its reports on Amazon Chief Executive Jeff Bezos’ private life were based on information from a single source, the brother of Bezos’ girlfriend, Lauren Sanchez.
The statement from American Media Inc. followed publication by Bezos security chief Gavin De Becker of an article in the Daily Beast in which he said the government of Saudi Arabia had accessed private information from Bezos’ phone.
While De Becker said in the article that there was “high confidence that the Saudis had access to Bezos’ phone,” it was “unclear to what degree, if any, AMI was aware of the details.”
Nevertheless, AMI released a statement saying its reports on Bezos’ affair with Sanchez were based solely on information provided by Michael Sanchez, “who tipped the National Enquirer off to the affair on Sept. 10, 2018, and over the course of four months provided all of the materials for our investigation.
“There was no involvement by any third party whatsoever,” it added.
Gavin de Becker & Associates did not immediately respond to a request for comment. A representative for the Saudi embassy in Washington did not immediately respond to a request for comment.
Reporting by Howard Schneider; additional reporting by Humeyra Pamuk; Editing by Dan Grebler
