Uber (UBER) Partners With Hertz to Offer 50,000 Tesla (TSLA) Rentals to its Drivers
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Hertz Global Holdings (HTZZ) Reports Revenues of $2.2B; Adjusted Diluted EPS of $1.20; Updated Guidance
October 28, 2021 7:17 AM EDTHertz Global Holdings, Inc. (OTCPK: HTZZ; OTCPK: HTZZW) today announced financial results for the third quarter of 2021.
For the third quarter 2021, the Company generated total revenues of $2.2 billion, reflecting the continued rebound in leisure travel and tight fleet inventory as Hertz executes against its strategic roadmap. While volume continued to be lower compared to 2019 levels, these headwinds were partially mitigated by improvements in pricing power. Adjusted Corporate EBITDA reached a record $860 million and the Company achieved a record 39% margin for the third quarter, reflecting the team's dedication to continued operational improvement since completing the... More
Tesla (TSLA): Hertz Deal a 'Tipping Point' for EV Adoption and Expect GM (GM) and Ford (F) to Also Benefit; Robotaxis a 'Reality' for TSLA in Next 2-3 Years - Wedbush
October 27, 2021 10:10 AM EDTWedbush analyst Daniel Ives has weighed in on the deal that will see a car rental company Hertz order 100,000 EVs from Tesla (NASDAQ: TSLA), as well as todays announcement that Uber will make 50,000 of Hertzs Teslas available for its gig drivers.
Starting November 1, Uber drivers can rent Teslas from Hertz in four major cities across the US,... More
Why EV Stock Wallbox (WBX) is Up 50% Today
October 26, 2021 10:37 AM EDTWallbox (NYSE: WBX) stock is trading over 50% higher today after the company announced a partnership with Uber (NYSE: UBER) to simplify the transition to EVs for Bay Area rideshare drivers.
Wallbox will help Uber become a 100%... More
