Tesla Inc. on Monday neared $1 trillion in market capitalization as the company founded by Elon Musk received its biggest-ever order—100,000 electric rental cars for Hertz. Tesla shares were up 7.5 percent at $978, hitting a new record high Monday, following the order. Shares were also buoyed by news of the company’s Model 3 becoming…
Tesla Drives Toward $1 Trillion Club on Record Hertz Order
October 25, 2021
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Hertz Orders 100,000 Tesla Cars for End of 2022
October 25, 2021
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Hertz said on Monday the car rental firm has ordered 100,000 Tesla Inc. cars for delivery by the end of 2022 as it invests to build the largest electric vehicle rental fleet in North America. Tesla shares were up 4 percent at $946.32 before the bell. Hertz had filed for bankruptcy protection last year as…
NTD Business Full Broadcast (Oct. 18)
Apple didn’t just announce new AirPods. It also put its spotlight on two new MacBook Pros, which will be powered by a new generation of chips that Apple says “shocked the PC world.” Car rental company Hertz is filing for another IPO after recovering from its recent bankruptcy. Is it a good buy? Supply chain problems…
Hertz Tabs Former Ford Chief Executive Mark Fields as Interim CEO
Hertz Corp. has named former Ford Motor Co. Chief Executive Mark Fields as its interim CEO, the rental car company said on Tuesday. Fields succeeded Alan Mulally as president and CEO of the No. 2 U.S. automaker in 2014. He was ousted in 2017 and replaced by Jim Hackett. Hertz Corp., a subsidiary of Hertz…
Hertz Eyes Bankruptcy Exit Through $4.2 Billion Stake Sale
In a deal to jettison itself from under bankruptcy protection, Hertz said Tuesday that it may sell a controlling stake in the company to two investment firms for $4.2 billion. Knighthead Capital Management and Certares Opportunities will have the chance to buy the entire reorganized car rental company, but no less than a majority of…
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