EV Disappointment Strikes Hertz
Posted on 04/26/2024
Last May Hertz Global Holdings was trading above US$ 16. Today it is under US$ 5 as the EV business has disappointed. The rental company had to unload 20,000 electric vehicles and reinvest in gas-powered cars after the failed electrification initiative, with more on the way. Tesla units are among the inventory to be sold,…
