Hertz Global (HTZ) options active on wide price movement after quarter results
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Hertz (HTZ) slows EV plans, faults Tesla (TSLA) price cuts and repair costs
October 27, 2023 9:13 AM EDTHertz Global (NASDAQ: HTZ) revealed during its 3Q earnings call on Thursday that the rental car company has decided to slow the process of electrifying the companys fleet after EV partner, Teslas (NASDAQ: TSLA) price cuts kneecapped the resale value of a majority of electric cars in the rental fleet by a third.
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