SpaceX thruster package will be subtle. Hidden behind license plate.— Elon Musk (@elonmusk) July 13, 2019
Roku Inc. shares (ROKU) hit an new all-time high in intraday trading Tuesday, extending a massive year-to-date rally for the stock. Shares climbed as much as 5.9% in the session, reaching a price of $110.46 before giving back some of their gains. They were recently up 5.1%, to $109.65 . The company is projected to report second-quarter results on or about Aug. 7 , according to FactSet, with the streaming platform for TV expected to report a loss of 22 cents a share after a breakeven quarter a year ago, while revenue is forecast to grow 43% to $223.9 million . Roku's stock has rocketed 259% so far this year, while the S&P 500 has gained 20%.
Tesla simplifies its luxury-vehicle lineup, lowers Model 3 price
The latest tweak in Tesla Inc.'s vehicle lineup saw cheaper Model S and Model X models vanish.
Tesla's (TSLA) configuration pages for the luxury sedan and the luxury SUV, where potential customers go to design and order their cars online, now sport a simpler "long range" and "performance" options for those vehicles.
A "long range" Model S, able to go 370 miles between charges and reach 60 miles per hour in 3.7 seconds, starts at $ 79,990 . The "performance" option, which goes 345 miles between charges and reach 60 miles per hour in 2.4 seconds, starts at $99,990 .
Related:Tesla picks up two 'car of the year' awards (Tesla picks up two ‘car of the year’ awards - MarketWatch)
Tesla also lowered the Model 3 starting price to $38,990 . The mass-market sedan's configuration page continued to offer three variants, starting with a "standard range plus" option at that lower price all the way to a "performance" option starting at $54,990 .
" Tesla continues to drive a wedge between Model 3 and S and X in an effort to get the most out of the premium customers while attracting as many entry-level customers as possible," Gene Munster of venture-capital firm Loup Ventures said in a tweet.
Chief Executive Elon Musk last week hinted at a possible price increase for future self-driving Tesla vehicles. (Elon Musk hints at future price increase for self-driving ‘robo’ Teslas - MarketWatch)
Read more:Elon Musk's 'Space Mountain' rocket ride: Anywhere on Earth in under 20 mins (Elon Musk’s ‘Space Mountain’ rocket ride: Anywhere on Earth in under 20 mins - MarketWatch)
Tesla , which reported record second-quarter sales (Tesla’s deliveries beat boosts stock, but not the sentiment of Wall Street analysts - MarketWatch) earlier this month, scheduled its second-quarter results on July 24 after markets close. A conference call with analysts to discuss the results with Wall Street analysts will follow at 5:30 p.m. Eastern.
Analysts polled by FactSet expect Tesla to report an adjusted loss of 42 cents a share on sales of $6.5 billion in the quarter, which would compare with an adjusted loss of $3.06 a share on sales of $4 billion in the year-ago period.
The stock is down 25% this year, contrasting with gains of 20% and 17% for the S&P 500 index and the Dow Jones Industrial Average.
- Claudia Assis ; 415-439-6400; AskNewswiresdowjones.com