Hertz Global (HTZ) to sell approximately 20,000 electric vehicles from its U.S. fleet

Tesla (TSLA) trades down following price cuts in China

Shares of Tesla (NASDAQ: TSLA) are down more than 3% in pre-market trading Friday morning after the electric automaker officially reduced the price of their Model 3 and Model Y in China, with cuts ranging from Rmb6.5k to Rmb15.5k.

According to channel checks conducted by Morgan Stanley, the reduction was more moderate than what the... More

Shares fall as Tesla (TSLA) announces increased pay for U.S. workers

Shares of electric vehicle giant, Tesla (NASDAQ: TSLA) are trending down more than 1.5% in pre-market trading Thursday morning after it was announced that the company notified workers at its California car plant of pay increases across its US factories.

This announcement marks the latest bump by a nonunion automaker as the United Autoworkers Union (UAW) works to increase membership in the U.S.

Tesla's facility in Fremont, California, has announced a "market adjustment pay... More

Hertz (HTZ) to sell one third of EV fleet, seen as a 'clearing' event

(Updated - January 11, 2024 10:01 AM EST)

Car rental company, Hertz (NASDAQ: HTZ) revealed Thursday that they have decided to sell approximately 20,000 electric vehicles from its U.S. fleet, one-third of the global EV fleet.

The process began in December 2023 and is anticipated to unfold systematically throughout the entirety of 2024.

EVs designated for sale will continue to be available for rental within the Company's fleet throughout the sales process. The Company plans to reinvest a portion of the proceeds generated from EV sales into acquiring internal combustion engine vehicles to fulfill customer... More