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Shares of Tesla surged on Monday, with the Hertz deal expected to net the electric car maker more than $4 billion. Hertz shakes up rental market, says it will buy 100,000 Teslas for new electric fleet
Hertz's decision to buy 100,000 Teslas for $4.2 billion in 2021 was hailed as a turning point for the EV industry, but the rental company's electric shift hasn't gone to plan.
Image source: Getty Images. Hertz misses the mark. Investors clearly didn't like Hertz's report at first glance, and it's clear why. Revenue fell by 5% to $2.58 billion, missing estimates for $2.7 ...
Shares of Hertz Global slumped 24% and were on track for their sharpest one-day percentage fall on record on Thursday after the company reported a wider-than-expected quarterly loss, highlighting ...
Hertz Global Holdings (NASDAQ: HTZ) stock is flying on Friday, up 14.1% through 1:30 p.m. ET, and for a most peculiar reason: Hertz is taking on a lot of debt, and at very high interest rates.
Hertz Global Holdings, Inc. (formerly The Hertz Corporation), known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car , Firefly Car Rental and Thrifty Car Rental .
Hertz, the largest U.S. fleet operator of EVs, has blamed the sale on high repair costs and weak demand for the vehicles it offers on rent. Analysis-Hertz's EV sale to fan cost concerns, dampen ...
Hertz previously set a target for 25% of its fleet to be electric by the end of 2024. The company's used car website lists more than 700 EVs on sale including BMW's i3, Chevrolet's Bolt and Tesla ...