Orlando, FL -- (SBWIRE) -- 10/22/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Tesla Motors Inc (NASDAQ:TSLA), Groupon Inc (NASDAQ:GRPN).
Tesla Motors Inc (NASDAQ:TSLA) shares declined 5.89% to $172.60. General Motors Co will go head to head with electric car maker Tesla Motors Inc starting in January, when a plug-in version of its luxury Cadillac brand will go on sale. GM said last week its 2014 Cadillac ELR plug-in coupe will have a starting price of almost $76,000 including delivery fees - putting it in competition with the similarly priced Tesla Model S. Federal tax credits could reduce the cost of the ELR to consumers by up to $7,500.
Additionally, Wedbush upgraded its rating on shares of Tesla Motors on Oct. 15 to "Outperform" from "Neutral."
Are investors worried about the recent updates with TSLA? Find out with a free trend analysis HERE
Groupon Inc (NASDAQ:GRPN) stock declined 0.47% to $10.60. The company on Oct. 10 announced three key engineering hires reporting to Sri Viswanath, Senior Vice President of Engineering and Operations. Brian McCallister joins Groupon as CTO of Platform. McCallister comes to Groupon from Ning, where he was Principal Architect and Distinguished Engineer. At Ning, he also worked in other key architecture roles while managing technical direction and communication across the organization. McCallister was active with the Apache Software Foundation, serving on the Board of Directors and as PMC Chair for the DB and ActiveMQ projects.
Additionally, the company announced that it intends to hold a conference call to discuss its third quarter 2013 financial results on Thursday, November 7, 2013, at 5:00pm EST.
Is GRPN going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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