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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 BloombergMarch 15, 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 BloombergJanuary 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 BloombergJanuary 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 Christiaan HetznerOctober 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 Sophie MellorAugust 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 Chloe TaylorJuly 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 Bernhard WarnerNovember 30, 2021
Tom Brady
Finance
Tom Brady tweets ‘to the moooooon’ as Hertz prepares to go public—again
By Luke McGrath and BloombergNovember 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 Bharat KapoorNovember 2, 2021
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019.
Tech
Tesla and Hertz shares fall after Elon Musk tweets that no contract for 100,000 electric vehicles has been signed yet
By David MeyerNovember 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 Bernhard WarnerNovember 2, 2021
Musk says ‘no contract has been signed yet’ with Hertz, despite its announced order of 100,000 Tesla Model 3 cars
Environment
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 BloombergNovember 2, 2021
Fresh out of bankruptcy, Hertz is suddenly key to Tesla’s growth plans
Tech
Fresh out of bankruptcy, Hertz is suddenly key to Tesla’s growth plans
By Christiaan HetznerOctober 28, 2021
Hertz will rent up to half the 100,000 Teslas it just ordered to Uber drivers
Finance
Hertz will rent up to half the 100,000 Teslas it just ordered to Uber drivers
By Erik Schatzker and BloombergOctober 27, 2021
Tesla and Facebook advance in pre-market as the Nasdaq nears a new record
Newsletters
Tesla and Facebook advance in pre-market as the Nasdaq nears a new record
By Bernhard WarnerOctober 26, 2021
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