Hertz (HTZ) slows EV plans, faults Tesla (TSLA) price cuts and repair costs
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bp boosts EV charging network with $100 million order of Tesla ultra-fast chargers
October 26, 2023 9:00 AM EDTDeal with bp pulse marks first time Tesla's ultra-fast chargers will be purchased for deployment on an independent EV charging network.Agreement forms part of bp's plans to invest up to $1 billion in EV charging across the US by 2030.bp pulse, bp's EV charging business, has already installed more than 27,000 charge points and aims to roll out more than 100,000 globally by 2030.As early as 2024, Tesla chargers will... More
HERTZ REPORTS THIRD QUARTER 2023 RESULTS: REVENUE OF $2.7 BILLION, NET INCOME OF $629 MILLION AND ADJUSTED CORPORATE EBITDA OF $359 MILLION
October 26, 2023 7:30 AM EDT"Hertz produced record revenue in the quarter, reflecting ongoing strength in demand and stability in pricing. Our premium Hertz brand performed well, and we saw further growth in our rideshare business and progress in reinvigorating our value brands," said Stephen Scherr, Chair and CEO of Hertz. "We nonetheless remain focused on the cost side to improve margins," Scherr continued. "Our ongoing investments will give rise to better operating fundamentals, and with the growth opportunities ahead of us, I am confident in the trajectory of our business and the forward for... More
