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Hertz's failed Tesla bet keeps getting worse
Hertz Falls on Mounting Losses From Failed Bet on Tesla EVs
Hertz Global Holdings Inc. reported a worse-than-expected loss as the rental-car company continued to unwind a failed bet on electric vehicles that has pummeled earnings and the value of the cars in its fleet.
Hertz's failed Tesla bet keeps getting worse as weak earnings challenge its stock
Hertz shares plunged as much as 12% on Tuesday after the company turned in its fourth quarterly loss in a row. The earnings report highlighted the car-rental giant's inability to shake off a failed bet on Tesla vehicles.
An all-new 650 hp Cadillac, Hertz is selling off more EVs, and something weird at Tesla
An all-new 650 hp Cadillac, Hertz is selling off more EVs, and something weird is going on at the Tesla powerwall plant.
Hertz misses estimates as losses mount from failed Tesla bet
Hertz Global Holdings Inc. reported a worse-than-expected loss as the rental-car company continued to unwind a failed bet on electric vehicles that has pummeled earnings and the value of the cars in its fleet.
4h
on MSN
Hertz To Offload 30,000 More EVs, Flooding The Used Car Market
Rental company lost $1.3 billion in Q3 and took a $1 billion impairment charge due in large part to the heavy depreciation ...
Electrek
2d
Expect more cheap Tesla vehicles from Hertz as the selloff continues
Hertz says that it will continue to sell Tesla vehicles and other EVs in masse through 2025 as it is hit by massive ...
Drive
1d
Hertz loses $2 billion, largely because of electric cars
In announcing its third-quarter (July-September) 2024 results to shareholders, Hertz reported a loss of $US1.3 billion ($AU2 ...
2d
on MSN
Why Tesla Stock Was Pulling Back Today
After a dramatic bull run following the election of Donald Trump last week, Tesla ( TSLA -6.15%) shares are finally cooling ...
1d
on MSN
Hertz posts wider-than-expected loss due to high depreciation costs
Earlier this year, the company said it would slim down its vehicle inventory, with a sale of about 30,000 electric vehicles ...
The Droid Guy
8d
You Can Buy a Used Tesla From Hertz For Just $16,000
Youtuber Kobra ToldYa recently shared a detailed account of purchasing a 2022
Tesla
Model 3 from
Hertz
, providing valuable insights for potential buyers. The initial price was around $20,400, but ...
1d
Tesla stock jumps 9%, crossing the $1 trillion market cap milestone.
Tesla (TSLA, Financial) shares jumped over 9% to $350 on November 11, boosting the company's market cap to more than $1 ...
2d
on MSN
Hertz Posts Weaker-Than-Expected Quarterly Results, Shares Fall
(Reuters) - Hertz Global reported a wider-than-expected third-quarter loss and missed revenue estimates on Tuesday, hurt by ...
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