Tag Archives: Hertz

Tesla (TSLA) rental demand appears to be off to a brisk start for Hertz (HTZ). “Demand has been very, very solid,” Hertz CEO Stephen Scherr said in an exclusive Yahoo Finance Live interview Tuesday (video above). “We’re seeing demand not just among leisure travelers but also among corporate travelers, where in fact corporations want their employees in an electric vehicle to satisfy some of their own carbon footprint objectives.” Hertz inked a deal late in 2021 to purchase 100,000 Tesla Model… Source link

Hertz (HTZ) is pushing forward with its electric vehicle (EV) options with Tesla (TSLA) once again. First spotted by EV blog Electrek, Hertz has added Tesla’s Model Y crossover to its EV offerings on the company’s website. Previously only the Tesla Model 3 was available to rent. So far, only Model 3s are available for rental at select airports in D.C. (Dulles), Florida, California, and Georgia. A man photographs a Hertz Tesla electric vehicle displayed during the Hertz Corporation IPO at… Source link

(Bloomberg) — Hertz Global Holdings Inc., barely four months out of bankruptcy, placed an order for 100,000 Teslas in the first step of an ambitious plan to electrify its rental-car fleet. Tesla Inc.’s shares soared, pushing the automaker’s value past $1 trillion for the first time. Most Read from Bloomberg The cars will be delivered over the next 14 months, and Tesla’s Model 3 sedans will be available to rent at Hertz locations in major U.S. markets and parts of Europe starting in… Source link

Before Dogecoin (DOGE-USD) there was GameStop (GME). And before GameStop, there was Hertz (HTZ), the original meme stock whose bankruptcy last May and resulting zombie price surge (and fall and resurge) defined the original meme stock. Now, it’s back and better than ever. If you kept your cheap $1.50 Hertz shares from last summer that were expected to be worth zero dollars in a bankruptcy restructuring, you’ll have quadrupled your money. A new deal for the company’s assets would pay… Source link

Bloomberg Hertz to Sell to Knighthead, Certares to Exit Bankruptcy (Bloomberg) — Hertz Global Holdings Inc. received a bid from Knighthead Capital Management and Certares Management to purchase the rental-car company out of bankruptcy for as much as $4.2 billion, according to court documents.Under the plan, Knighthead and Certares would take control of Hertz when it emerges from its Chapter 11 reorganization, with the final value of the deal dependent on how much existing lenders participate… Source link