Similar Stories to Tesla’s Market Value Tops $1 Trillion After Hertz Orders 100,000 Electric Cars on Bing News

(DETROIT) — Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of battery-powered cars in history and the latest evidence of the nation’s increasing commitment to EV technology. The news of the deal triggered a rally in Tesla’s stock, driving the carmaker’s market value over the $1 trillion mark for the first time. The purchase by one of the world’s leading rental car companies reflects its confidence that electric vehicles are gaining acceptance with environmentally minded consumers as an alternative to vehicles powered by petroleum-burning internal combustion engines. In an interview with The Associated Press, Mark Fields, Hertz’ interim CEO, said that Teslas are already arriving at the company’s sites and should be available for rental starting in November. [time-brightcove not-tgx=”true”] Hertz said in its announcement that it will complete its purchases of the Tesla Model 3 small cars by the end of 2022.

BING NEWS:
  • Hertz is done gambling with EVs: It took a first-quarter $195 million hit on Teslas that just keep losing value and can’t sell them fast enough
    Three years ago, investing in a fleet of 100,000 is what helped the car rental company emerge from bankruptcy.
    04/25/2024 - 10:19 am | View Link
  • Exxon’s Market Value Tops Tesla’s as Oil Rises, EV Sales Slow
    Exxon Mobil Corp. surpassed Tesla Inc. in market value for the first time in more than a year after the electric vehicle maker’s sales slowed and investors bet on consumers’ reluctance to ditch ...
    04/19/2024 - 5:16 am | View Link
  • Elon Musk to cut 14,000 Tesla jobs amid electric car slowdown
    The cuts come amid sales struggles at both Tesla and across the broader electric vehicle (EV) market. Earlier this ... US rental giant Hertz is among BP Pulse customers to have revised its ...
    04/15/2024 - 4:34 am | View Link
  • How Tesla Planted the Seeds for Its Own Potential Downfall
    According to “The Times,” Musk choked up multiple times and struggled to maintain his composure during an hour-long interview about turmoil at his electric ... to reach a trillion-dollar ...
    04/8/2024 - 1:00 pm | View Link
  • Sometimes, to Make an Electric Car Better, You’ve Got to Make It a Little Worse
    Hertz is selling off about a third of its ... Driving, as we all knew it before the arrival of mass-market electric cars a little more than a decade ago, involved familiar rituals that carved ...
    04/7/2024 - 1:00 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News