Thursday in CE: What is Sonos Planning For June 6th Event?
Sonos has been making a lot of noise lately, sending a few shots across Apple's HomePod bow and joining a CI-focused buying group. Staying busy, they are excited to host a home theater event June 6 in San Francisco, and we expect a slew of new announcements.
First and foremost, we can pretty well guess that we're going to see an all-in-one home theater smart speaker that opts for an HDMI port alongside an optical port, originally sniffed out by Variety and an FCC filing. Codenamed the S14, a Sonos spokesperson declined to comment on the filing. “We are constantly looking at new ways to deliver the best possible experiences for our customers,” she said via email to Variety. “We do not have any additional details to share.”
According to the mostly redacted filing, the "model S14 is a high-performance all-in-one home theater smart speaker and part of Sonos’ home sound system.” And it is safe to assume this will be in the same league as the ever popular Playbase launched about a year ago, and a distant cousin of the Playbar from 2013.
Again, details are sparse but there is a pretty strong reasoning behind voice control because that's kind of Sonos forté. The HDMI addition might even allude to a full-blown interface that has some level of streaming capabilities.
Stay tuned for more details.
Tesla Hemorrhaging Cash, Still Beat Q1 Analysis
Crashing through $745.3m in cash and rounding off a $709.6m net loss, Tesla is actually having an up Q1 for 2018. The loss comes out to about $3.35 per share, with analysts pegging the company at a loss of $3.48.
Technically a beat, but not one worth celebrating.
The timeline so far brings a high point in September 2017, when the stock hit a record high at $389.61 a share. As of yesterday, Tesla traded around $301.15, closing at $287.
In a letter to investors, CEO Elon Musk and CFO Deepak Ahuja explain that slow (our words not theirs) production of the Model 3 has been a gut punch to the company. While they are able to produce 2,270 cars per week for three straight weeks in April, it just isn't enough.
“Even at this stage of the ramp, Model 3 is already on the cusp of becoming the best-selling mid-sized premium sedan in the US, and our deliveries continue to increase,” Tesla CEO Elon Musk and CFO Deepak Ahuja wrote in a letter to investors. “Consumers have clearly shown that electric vehicles are simply more desirable when priced on par with their internal combustion engine competitors while offering better technology, performance and user experience.”
Tesla hopes to hit 5,000 Model 3 produced per week, which Musk is plausible in the next two months, with a bigger goal of 10,000 per week.
“In the end, this is all about having factories that are producing the world’s highest quality cars as quickly and as cost-effectively as possible, and with as close to zero injuries as we can possibly get,” the investor letter states. “Our automation strategy is key to this and we are as committed to it as ever.”
However, Musk has previously said that Tesla over-relied on automation for the production of Model 3 cars. That’s something he still stands by, saying Tesla mistakenly added “too much automation too quickly” early in the process, Techcrunch reports.