Hertz

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A close-up on a bright yellow Spirit Airlines jey
Leadership

Spirit Airlines’ CFO is ditching one troubled company for another, joining Hertz as the car rental firm tries to shake EV disaster

By Mary Schlangenstein, David Welch and Bloomberg
June 3, 2024
Stephen Scherr is wearing a suit and a mic headset. He is speaking and in front of a blue and green background.
Finance

Hertz is done gambling with EVs: It took a first-quarter $195 million hit on Teslas that just keep losing value and can’t sell them fast enough

By
April 25, 2024
Hertz’s electric vehicle and CEO about-face is the latest twist after a COVID bankruptcy filing and a deep relationship with Carl Icahn
Tech

Hertz’s electric vehicle and CEO about-face is the latest twist after a COVID bankruptcy filing and a deep relationship with Carl Icahn

By
March 16, 2024
Hertz CEO Stephen Scherr
Leadership

CEO steps down after being hit with expensive EV repairs and low resale prices following purchase of 100,000 Teslas

By Erik Schatzker, David Welch, Sridhar Natarajan and Bloomberg
March 16, 2024
Tesla has lost over $94B in market valuation so far in 2024, and Jeff Bezos is threatening to steal Elon Musk’s crown as the world’s richest person
Tech

Tesla has lost over $94B in market valuation so far in 2024, and Jeff Bezos is threatening to steal Elon Musk’s crown as the world’s richest person

By Esha Dey and Bloomberg
January 13, 2024
Hertz will shed EVs and buy more gas-powered cars after 100,000-Tesla order in 2021: ‘The elevated costs associated with EVs persisted’
Tech

Hertz will shed EVs and buy more gas-powered cars after 100,000-Tesla order in 2021: ‘The elevated costs associated with EVs persisted’

By David Welch, Rick Clough and Bloomberg
January 11, 2024
Hertz CEO Stephen Scherr
Companies

Hertz helped turn Tesla into a $1 trillion megacap stock. Now it’s become collateral damage in Elon Musk’s price wars

By
October 27, 2023
Revlon lipstick
Finance

Revlon’s meme stock past is making it hard for it to go bankrupt as minority shareholders fight for a payout

By
August 23, 2022
Hertz customers sue rental giant after being swarmed by cops for ‘stealing’ cars they claim were lawfully leased
Lifestyle

Hertz customers sue rental giant after being swarmed by cops for ‘stealing’ cars they claim were lawfully leased

By
July 18, 2022
NOB.0122.Starlings
Magazine

Money managers who got blindsided by market manias like GameStop and Bitcoin are turning to ‘econophysics’ to help them avoid the next crash

By
November 30, 2021
Tom Brady
Finance

Tom Brady tweets ‘to the moooooon’ as Hertz prepares to go public—again

By Luke McGrath and Bloomberg
November 9, 2021
Elon Musk should not let go of win-win deal with Hertz
Commentary

Elon Musk should not let go of win-win deal with Hertz

By
November 2, 2021
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019.

Tesla and Hertz shares fall after Elon Musk tweets that no contract for 100,000 electric vehicles has been signed yet

By
November 2, 2021
Tesla shares are off more than 5% in pre-market trading after Elon Musk tweeted there's still no deal in place with rental firm Hertz Group.
Newsletters

Tesla, crypto and global stocks fall ahead of a closely-watched Fed meeting

By
November 2, 2021
Musk says ‘no contract has been signed yet’ with Hertz, despite its announced order of 100,000 Tesla Model 3 cars

Musk says ‘no contract has been signed yet’ with Hertz, despite its announced order of 100,000 Tesla Model 3 cars

By Will Davies and Bloomberg
November 2, 2021

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