Tesla Motors Sees Increase in Cars Sold in February and Groupon’s Board Member Mellody Hobson is Stepping Down
Tesla Motors, Inc. (NASDAQ: TSLA) sold about 1,600 Model S vehicles in the U.S. in March, a slight increase over the number of cars it sold in February. For the first three months of 2014, the company sold 4,700 cars in the U.S., less than a 1% increase over the same period last year. Barclays analyst Brian Johnson said in a report, "We believe that Model S demand in the U.S. has plateaued, leaving international sales to pick up the growth slack. Within International, with seemingly soft European sales outside of Norway, Tesla will be dependent on strong Chinese demand.”
Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. The company also provides services for the development of electric powertrain systems and components, and sells electric vehicle powertrain components to other automotive manufacturers. It markets and sells its vehicles through Tesla stores and galleries, as well as over the Internet.
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Groupon, Inc. (NASDAQ: GRPN) announced that board member Mellody Hobson has decided not to seek re-election and will end her tenure in May. Hobson is married to George Lucas, the creator of Star Wars, and has been on Groupon’s board since 2011. She has decided to step down to focus on her family said Bill Roberts, a spokesman for Groupon. “We are in conversations with a number of great candidates” to replace Hobson on the board, Roberts said.
Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record. The company offers deals in various categories, including food and drink, events and activities, beauty and spa, health and fitness, home and garden, and automotive; deals on various product lines comprising electronics, sporting goods, jewelry, toys, home, and apparel; features travel offers that include hotels, airfare, and package deals, which covers domestic and international travel; and tools, such as payments and credit card payment processing service, as well as point-of-sale solutions to merchants.
Get more information on Groupon, Inc. free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/GRPN
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