Hertz infamously came out of bankruptcy guns-blazing and purchased 100k cars for $4.2 billion and helped drive Tesla's market cap above $1 trillion in 2021
By 2024 they had begun dumping the EVs and reported a $2Bn loss as a result.[0]
The HTZ stock price has fallen 90%.[1]
Somehow TSLA is still trading in the neighborhood of that 2021 peak. Currently trading at a PE ratio of over 300, despite declining revenues[2].
By 2024 they had begun dumping the EVs and reported a $2Bn loss as a result.[0]
The HTZ stock price has fallen 90%.[1]
Somehow TSLA is still trading in the neighborhood of that 2021 peak. Currently trading at a PE ratio of over 300, despite declining revenues[2].
Really wish I understood the Elon Musk voodoo.
[0] https://www.cnbc.com/2024/01/14/hertz-makes-agile-decision-t...
[1] https://finance.yahoo.com/quote/HTZ/
[2] https://stockanalysis.com/stocks/tsla/revenue/