>> he's back. twitter reportedly named jack dorsey as its full-time ceo. ♪ cory: i am cory johnson in for my work wife, emily chang. this is "bloomberg west." model x hits the streets, but that company, can it hit sales targets? turbocharged product

getting rave reviews, but does it matter? a reversal of fortune for alibaba. the giant with a fourth straight monthly decline. now to the lead. meet the new boss. the same as the old boss. jack dorsey as the permanent ceo, according to recode. the announcement will be made as soon as tomorrow. twitter stock spiked immediately following the news. recode also reported that he will continue to run square, the payment company he founded where he is still ceo. dick costolo's departure is in the cards. twitter has been in that midst of a high-profile ceo search. bloomberg news reported that 's search firm reached out to many leaders, but none took the ceo job. jo-ellen teaches corporate governance at the people's republic of berkeley. and bryan womack, working the

story. brian, this -- i don't know if this should be a shocker that the guy sitting in the chair is still sitting in the chair and will stay in the chair. >> again this is according to , recode. if this does happen, it's not something you see every day. two major companies being led by the same person. so definitely raising a lot of , eyebrows. on another level, we have seen it going on for a few months here. some people like what they see. so, sort of mixed thoughts on this right now. >> let me get to jo-ellen on this. when i was a money manager back in the day, the job of the ceo, the competence of that cfo, were so important to me making decisions about whether a company was worth investing in. the notion that you could have a part-time ceo of a technology company going through so much

change what do we know about , this historically in terms of , corporate governance? >> i think it is a real shocker. i have never heard of it before. two distinct public companies at the same time, and i think it is an interesting signal for twitter to send. i can read into it. i don't know if everybody is reading the same thing into it as i i think it is sending a am. signal about where the company is going. >> what do you mean? you see it going where? what is between the tea leaves that you're seeing? >> i think it is hard to take seriously that someone can run distinct publicly-traded organizations for the long-term. if i were following twitter, i would say this is an indication that the company is about to be sold off. >> i was trying to get you to say that. i'm glad you did. brian, what do you think about that? is it on the block? >> everything is on the block at the right price. >> spoken like a true

capitalist. >> i don't think that this is what this is about. there are some unique circumstances in twitter. i think a lot of it depends on how much of the operator has in terms of power. also the cfo is very involved. , in a sense that you need the spiritual leader, so to speak the person who puts fairy dust , on the product and provides a little bit of insight, is it possible that that works in this case? maybe? again mark zuckerberg inside of he is certainly very involved, but he does not run the business, sheryl sandberg does. could mark zuckerberg spent half his time with charitable endeavors while sheryl sandberg runs the business? quite possibly.

running fiat, running chrysler, running car companies, so it does happen. but these are companies, they both need to find some direction. brian let me put this back to , you. these are companies where the world around them is changing more than most industries, where their future prospects better be bigger than the current prospects to grow their share price with wouldn't you agree? , >> you are onto something there. twitter has come under fire from investors. this is a company that has struggled mightily to get user growth. you are talking about zuckerberg. facebook is growing like, leaps and bounds, twitter is a ofction of the size facebook. it is smaller than some of its units. that is a big challenge for any new ceo. meanwhile, you have square, which is a fresh, young company, so you have a lot of things going on here. it's not a simple slamdunk.

that is for sure. joellen i'm thinking of , elon musk, who runs spacex, private company, runs tesla, chairman of solar city, is there a sense that these guys are such fantastic geniuses that they have superhuman powers and are tony stark or something and can do this? is this something we might see as a trend. >> i think it takes a lot of -- i hope we don't see it as a trend. i think these are extraordinary circumstances. as an investor and scholar for corporate governance, i'm looking for an organizational leader who can take the helm of the organization and manage it into the future, whether that means you are managing operations or overall strategy or being the public face of the firm in a meaningful way, i think it is difficult to do that

for nascent organization, once thiergling to find what they'r long-term value proposition will be an incredible way if your intention -- attention is divided. i would give them a less than stellar grade. that soundskeley, like an f to me. >> we need to see some results before we can give it a grade. if i were grading on corporate , i would get it at most a c. >> do you think that jack dorsey deserves blame for the problems that twitter has had under his guidance as ceo or as a board member? >> it is hard to know and less -- unless you are living in it. the c grade is worth noting.

it is suboptimal to have someone who is not 100%, but on the other hand he might be the best , choice that the company can make. cory: brian thank you. , thank you all. another stock we are watching and company, but actually the stock, alibaba's dramatic reversal of fortune since the largest ipo ever. the thing is tanking. with a fourth straight monthly decline, all-time low, then the company has seen close to $75 billion in market value a -- you raised in may. -- you in may. china's slowing economy is a concern. analysts cutting forecasts. thanks a lot for helping before the stock collapses.

revenue rising 27% in the most recent quarter. it grew faster earlier. an amazing turn of events after going to the public market in saying that we need money to grow our business, now saying that we are going to take the money you gave us to grow our business and buy back our stop. -- our own stock, almost $4 billion in stock. the chairman, jack ma, has said that shareholders are not his top priority. coming up, the reviews are in for the new tesla as uv. will the new tesla suv help save elon musk and help his company reach a lofty sales target. uber, a mixed day for global expansion. some good news, bad news, we will tell you both next. ♪

cory: tesla's model x. elon musk unveiled the highly-anticipated suv in california. the car receiving positive reviews. is it going to help tesla reach its goal of selling 50,000 vehicles in 2015? joining me from irvine, california, matt lorenzo, and from new york, oppenheimer analyst colin rush. ,colin when you look at this , vehicle, what was the biggest surprise for you that you didn't expect? >> there wasn't much that we didn't expect. we were looking for extreme acceleration, which the epa had already noted, or we were looking for the luxury and safety rating which was already , out there.

what was surprising was the subtle details around convenience with the accessory hatch and some of the features on the inside, but they had touted this car very aggressively into the launch, and i think they delivered well. cory: i -- your model for tesla very interesting going for it over the next year, because your numbers seem lower than the street and revenue basis. do you think tesla will hit its big recently-lowered number of 50,000 vehicles in this calendar year? >> i don't think there is any real question around that. they had discounted their production ramp here on the model s. cory: what did you say about the production ramp? >> they have discounted the production ramp on the model s , with the impact going to these lines. that 50,000 vehicle number is very achievable, even with something going massively wrong.

cory: in your note today, you you suggested that the model x could slow the production of the model s. explain that. >> it's about how the lines are being used. once you switch over from one vehicle to another, the model x production takes some time to switch over. you have folks ramping up on their ability to make these cars. with the model s, they were slow and methodical to make sure the cars came out high quality. i think they would do the same thing here as they ramp up the , and make sure they don't make any mistakes and err on the side of quality. this is not a production vehicle. cory: did they say how many they were going to roll out that are nonproduction vehicles? >> there will be in the tens or

dozens. we don't have any model x's in our numbers. we are expecting shipments to begin next year. they are demonstrating that they can make these cars and get an automated line where efficient production will, over the next two or three quarters. cory: you don't expect them to sell model x in 2015? >> we have not included any in our expectations. cory: so, wait, i'm trying to unpack that. you do expect them to sell the cars, but you haven't put the number in your model yet? >> yeah, it's 10 cars. it's not a ton, but we think it is with estimates. context onme some how far the car can drive. tesla has said the minimum acceptable limit for how far a car should go on a full charge is 200 miles.

how far does this car go? >> the estimates are 250, depending on the configuration of the drive train, and that definitely exceeds that 200 mile limit. cory: indeed, the 200 mile limit is also the supercharger stations clustered in 200 mile distances that tesla has built, which is a pretty big deal. >> absolutely. they built out an extensive network around the entire continent. plus they have all the stations , in people's homes where they can charge these things. we think that one of the more interesting ways to think about this company is the mobile network and stationary network of energy stories they've got plugged into the electrical grid and how they will use that going forward. cory: when you look at the car itself, how good are the seats in the third row? it seems that seats sitting over will well would not allow a

six-foot-five person like me. >> elon is a big guy. he looks comfortable in that back row. maybe not six-feet-five. cory: he is a picture of grace. he's like a superhero. he can fit in anything, i'm iron -- in an iron suit flying over the earth, don't you think? >> that's not my real expertise in terms of commenting on grace, but i will take your word for it. cory: colin rush is an analyst for oppenheimer. we are grateful for his time. thank you. moving to uber, getting mixed reports from europe. first the good news in paris, , they got a delay because two of their top executives are being charged with running an illegal taxi businesses. those executives have six charges, deceptive commercial practices, deceptive storage of personal data. they could face prison time and fines.

at least they got delayed. we will call that good news. worst news in london, a new set , of guidelines, regulations, renovations -- regulations mandatory , five-minute wait time, operators banned from showing cars on its mobile app, and a move that could restrict plans to introduce their pool service. uder'st another day in quest to go global. coming up, tivo's tom rogers, the latest commercial-killing dvr. a secret fund for high-tech billionaires, mark zuckerberg, jack dorsey, putting cash into a dutch unicorn ahead. ♪

cory: time for the daily byte, 2.3, as in $2.3 billion. that is on a dutch company -- with a funding round from a secret investment fund, mark zuckerberg, jack dorsey among its members. $12.5 billion under management.

it is the netherlands only unicorn, a technology company fight over $1 billion. pay processor for facebook, spotify. sean parker, sheryl sandberg. a new headache for advertisers, the bolt let's users skip an entire commercial break. it gives consumers and over the top of viewing experience if they have not cut the cord yet. rogers,ight now, tom good to see you. >> thank you for having me. >> i own two tivo boxes. >> i am happy to hear that. >> i pay you every month. is that a conflict of interest i have disclose? >> i watched bloomberg television all the time. we are even. cory: describe your business. people don't understand how much licensing revenue you get. >> we really have four businesses, patent licensing, substantial revenue. we serve about 70 cable operators around the world. they offer tivo as their overall service. we have a retail business, tivo bolt, which saves incredible

time, new features. we have a data measurement business, which measures second by second what people are watching and gives insight to the television experience. one thing we know is where that television audience is going, streaming, non-ad supported services in droves. broadcast networks were down 10%. cory: you see the raw data before anyone else has a chance to manipulate it or frame it. the networks don't even know you have it. now they do. >> they do, because it is a business for us. it has been striking what is going on in terms of the shift to add-free tv. cory: what are you seeing? >> you see it in cable channel numbers, broadcast network numbers, your-over-year high-single digits up to mid, double-digit declines in terms of viewing audience showing up, where i'm awful lot of that is going to non-ad-supported

streaming services. cory: are they watching more tv? >> in some cases, heavy viewers tend to be watching more because , they are watching streaming services in addition to what they used to watch. others, given those numbers, are shifting their viewing habits away from commercially supported to non-commercial supported. we have always been part of the media industry. this tivo bolt is a cable box. it is for court cutters if you want it to be, but it is primarily for cable subscribers. people want to have a much better cable experience. they still hold on to the service, they are adding to it. they are not cutting the cord netflix, amazon, hulu, etc., a , universal search that allows you to find anything anyway. cory: that is the biggest pain for me. i've got so many services. my daughter wants to watch iron man three. i've got a pay for it.

>> we solve that issue completely. we allow you to go in and look at a program. it may be on ad-supported tv, pay-tv, all are video -- à la carte video on-demand, streaming service. we will show you where it is. you decide how you want it. this box is born to binge. it allows you to take a program, some of it may be has to seasons -- may be on past seasons on a streaming service, live on tv you want to capture. it puts it all together in one place, and so it gives you the ability to flip right through commercials in a single bound. cory: all the different places? there. >> right. if it has commercials now you , have the ability to get through commercials in a single bound, even if you're not looking to binge we solve for , what we call commercial over age or premature playage,

where people can not get those fine motor skills right and this sells for that. cory: 30-second jump, then -- >> it could be three minutes, four minutes. you hit it at the beginning, and it takes you to the end. the show continues. it is a binging machine. you had a competitor called replay tv, which has been a speed bump. the advertising industry freaked out about this stuff and went after your industry. >> tivo took a course which was i think much more respectful of the needs of the ad industry, given what consumers were doing. now what we see is that consumers are abandoning advertising-supported tv. we believe they will watch more with this feature. that will hold advertising-supported television together longer, which we support. cory: thank you very much stuff coming out of tivo. at bloomberg west we will see

, you back here tomorrow. ♪ ♪

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(the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. announcer: from our studios in new york city, this is "charlie rose." charlie: tonight, part two of our conversation with vladimir putin. we talked of many things, he gave us an opportunity to have an engaging conversation about him and how he sees russia and russia's role in the world. he also gave us an opportunity to have a further conversation after the interview when he invited us in for appetizers, which turned into dinner. that s