hertz
New York (AFP) - Hertz said Thursday it will sell one-third of its electric vehicle (EV) automobiles to resize its fleet in line with slowing demand growth for emission-free transport. The rental car giant will sell 20,000 EVs in the United States, steering a portion of the funds to purchase "internal combustion engine vehicles to meet customer demand," Hertz said in a securities filing. "The Company expects this action to better balance supply against expected demand of EVs," said the filing. The action is the latest auto industry move to slow or retreat from earlier targets amid expectations...
AFP
New York (AFP) - US rental car giant Hertz will buy up to 175,000 electric vehicles from General Motors by the end of 2027, the companies announced Tuesday, as the auto industry grapples with concerns over climate change and petroleum dependency. First deliveries, which will consist of BOLT EVs and EUVs, should take place in the first quarter of 2023, according to the joint statement. Subsequent purchases will depend on how fast General Motors (GM) ramps up production of electric vehicles. The automaker says it plans to manufacture one million a year in North America by 2025. Hertz will be ab...
AFP
Following is the unofficial transcript of a CNBC interview with Hertz Global Holdings Inc (NASDAQ:HTZ) CEO Stephen Scherr and Polestar CEO Thomas Ingenlath on CNBC’s “Squawk Box” (M-F, 6AM-9AM ET) today, Monday, April 4. Following is a link to video on CNBC.com: Hertz Inks Deal For 65,000 Polestar Electric Vehicles Over Five YearsANDREW ROSS SORKIN: Welcome back to “Squawk Box” this morning. New this morning, Hertz and electric vehicle carmaker Polestar announcing a new global partnership with Hertz purchasing up to 65,000 EVs from Polestar over the next five years. Joining us right now first ...
ValueWalk
Tesla Inc (NASDAQ:TSLA) has received an order worth $4.2 billion for 100,000 electric cars by rental car company Hertz Global Holdings Inc (OTCMKTS:HTZZ), the single largest on record. With the announcement, the automotive giant will provide several products including the Model 3. Q3 2021 hedge fund letters, conferences and more Record EV OrderTesla vehicles will be available for rent through Hertz in major U.S. and European markets as of early November, according to The Verge. This becomes the single biggest EV order on record and will give the rental car firm the chance to bounce back after ...
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Whitney Tilson’s email to investors discussing thank goodness for Enrique; Buffett and Munger interview; Robinhood pays record fine and plans for IPO; Hertz emerges from bankruptcy. Q1 2021 hedge fund letters, conferences and more Thank Goodness For Enrique1) With the markets up strongly in the first half of the year – the S&P 500 Index rose 14.5% – my main thought is "TGFE": "thank goodness for Enrique" (my colleague Enrique Abeyta)! Here's why... With the S&P 500 now up 92% since its pandemic-crash low on March 23, 2020, and all of the foolishness in the markets this year – "meme stocks," cr...
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Whitney Tilson’s email to investors discussing that he is no longer bearish on all cryptos; he might be wrong on Hertz (OTCMKTS:HTZGQ); Dogecoin rips in meme-fueled frenzy on pot-smoking holiday. Q1 2021 hedge fund letters, conferences and more No Longer Bearish On All Cryptos1) Given how bearish I've been about cryptocurrencies – calling them "a techno-libertarian pump-and-dump scheme" and nailing the December 2017 bitcoin top to the hour – I wanted to share with all of my readers an excerpt of what I wrote in last month's edition of our flagship Empire Stock Investor newsletter entitled "The...
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Whitney Tilson’s email to investors discussing Tesla‘s Q3 earnings report; Big moves in Snap, GSX Techedu, and Hertz.Q3 2020 hedge fund letters, conferences and moreTesla's Q3 Earnings Report1) Tesla (TSLA) reported Q3 earnings after the close yesterday. My friend and former partner, Glenn Tongue, was kind enough to share his take:Tesla reported Q3 earnings yesterday that, as usual, provided support for both the bears and the bulls. As usual, the earnings call was a love-fest, with little substantial discussion.Revenue of $8.8 billion was the company's best ever, as were bottom-line results of...
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Whitney Tilson’s email to investors discussing individual-investor boom reshapes U.S. stock market; Hertz’s unwarranted rise; Robinhood users say accounts were looted, no one to call; no, Robinhood traders aren’t affecting the stock market; coolest things I learned in 2019.Q3 2020 hedge fund letters, conferences and moreIndividual-Investor Boom Reshapes U.S. Stock Market1) I have mixed feelings about this: Individual-Investor Boom Reshapes U.S. Stock Market - The Wall Street Journal. Excerpt:It's one of the year's biggest market stories: Mom-and-pop investors have fallen back in love with stoc...
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Whitney Tilson’s email to investors dissucssing Vatican used charity funds to bet on Hertz credit derivatives; develop good habits.Q3 2020 hedge fund letters, conferences and moreVatican's Bet On Hertz Credit Derivatives2) You just can't make up a headline like this!This Financial Times article reminds me of a long-running Sports Illustrated blurb, "This Week's Sign of the Apocalypse"... Vatican used charity funds to bet on Hertz credit derivatives. Excerpt:The Vatican invested some donations for the poor and needy in derivatives that bet on the creditworthiness of Hertz, the U.S. car rental c...
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