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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 ...
A failed bet on Tesla But before Tesla was a thorn in Hertz’s side, it was actually its saving grace. The pandemic gutted the tourism and travel industries in early 2020, launching Hertz into ...
Hertz stock recovered in midday trade following an early slide as the company reported a wider-than-expected fourth quarter loss due to its exposure to EVs, in particular its large Tesla fleet.
Why Hertz needs $1 billion. Hertz wants to pay down about half of its $2 billion bank revolving credit facility, you see. Problem is, it doesn't have a lot of cash lying around to do that with.
Hertz, which has made a big push into electric vehicles in recent years, has decided its time to cut back. The company will sell off 20,000 electric vehicles and use the money they bring to ...
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 ...
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 is asking some people renting Teslas and other EVs if they want to buy their vehicles. The rental company said last year that it would sell 30,000 EVs amid a slowdown in demand.