Michael Rockefeller

Hailing from the famed Rockefeller family, Michael Rockefeller was the son of former Vice President Nelson Rockefeller. Rather than becoming a socialite, the 23-year-old Rockefeller set off to photograph and collect the art of New Guinea’s Asmat tribe.

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Photo Courtesy: Robert W. Kelley/The LIFE Picture Collection via Getty Images

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On November 19, 1961, Rockefeller and anthropologist Rene Wassing were traveling in a dugout canoe that overturned. Their two guides swam off to seek help but didn’t immediately return. "I think I can make it," Rockefeller told Wassing before attempting to swim several miles to shore. While it was rumored Rockefeller was eaten by Asmat cannibals, the more likely explanation was that he drowned.

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Angry Chinese Customers Threaten To Boycott Tesla

Shivdeep Dhaliwal

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Benzinga•March 5, 2020

Tesla Inc.’s (NASDAQ: TSLA) China-made Tesla's Model 3 cars have been shipped with older and slower chips, the carmaker admitted on Tuesday.

What Happened

Customers who bought Tesla's Model 3 cars shipped out of the company’s Shanghai factory are threatening litigation, accusing Tesla of replacing the new control processors with older versions, according to the Nikkei Asian Review.

Owners of the new cars discovered the issue as the part numbers printed on the control units differed from the ones given in the cars’ information sheets.

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Analysts suggest that thousands of customers may be affected, and the move by Tesla to use older chips has angered Chinese internet users as well as Tesla owners. The Review noted that some in China are calling for a boycott of Tesla, and others are accusing the company of “deceiving consumers.” 

Tesla has said that it was deeply sorry for the confusion and that it did not mean to mislead customers but wanted to “complete” order deliveries “as soon as it could.” Tesla claimed there was “almost no difference” in driver experience or user safety between the standard Model 3 and the ones made in China. 

The company said it used the previous version of the chip in its new Model 3 cars due to the ongoing disruption of its supply chain caused by the Covid-19 epidemic.

Why It Matters

Tesla made 112,000 vehicle deliveries in Q4 2019, with 367,500 vehicles delivered over the entire year.

The company has promised free upgrades as and when the newer Model 3 chips become available.

Owners of imported Tesla cars in China are finding hardware inconsistencies as well. The free chip change will only apply to Chinese made Model 3 cars. 

Price Action

Tesla shares traded 0.69% lower at $744.30 in the after-hours session on Wednesday. The shares had closed the regular session 0.54% higher at $749.50.

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Politics

California delegate wave didn't quite break as expected

SETH BORENSTEIN and KATHLEEN RONAYNE

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Associated Press•March 4, 2020

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Election 2020 Bernie Sanders

Democratic presidential candidate Sen. Bernie Sanders, I-Vt., speaks at his campaign headquarters, Wednesday, March 4, 2020, in Burlington, Vt. (AP Photo/Wilson Ring)

LOS ANGELES (AP) — While Sen. Bernie Sanders mined the motherlode of delegates from California on Super Tuesday, it wasn’t nearly enough and isn’t getting counted fast enough to counter former Vice President Joe Biden’s huge night.

It became an issue of numbers and timing.

After years of being a late season player in presidential primary politics, California joined the Super Tuesday crowd, and its 415 delegates were the biggest haul on the biggest night.

But even though Sanders’ victory in California was declared quickly, it came after a series of surprising wins for Biden that dominated the earlier coverage of the primaries. And Sanders' precise delegate margin in the state won’t be known any time soon. California, with lots of early and mail-in voting, typically takes weeks to finish counting ballots. Experts expect millions are left to count.

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The late-night Pacific wave that Sanders was supposed to surf to victory didn’t quite break right. His campaign declined to comment on California specifically, but top aides said before Super Tuesday that they expected far higher delegate totals than they were on pace to actually earn after voting concluded.

“Of course I’m disappointed. I would like to win every state by a landslide. It’s not going to happen," Sanders said Wednesday.

With almost two-thirds of California’s delegates allocated by The Associated Press, Sanders won about 60 more delegates in California than Biden. However, Biden won about 130 more than Sanders in the other 13 states and both got blanked in American Samoa.

“I do think Biden will come out with more delegates out of Super Tuesday,” said Louisiana State University political scientist Joshua Darr. He said late counted votes in California will help Sanders narrow Biden's win, but “it’s going to take a seismic shift then for Sanders to catch him.”

Ace Smith, a top California political consultant who had worked on Kamala Harris’ campaign, said it’s looking “pretty darn good” for Biden in California, even as Sanders is likely to walk away with more delegates.