Hertz raises $ 1.3 billion in ‘Re-IPO’. The new stock starts trading today.

Hertz Global Holdings, the car rental company that went bankrupt earlier this year, said late Monday that its offer raised more than expected to nearly $ 1.3 billion. Hertz sold 44.52 million shares for $ 29 each. It had planned to offer 37.1 million shares at $ 25 to $ 29 each, a prospectus said. … Read more

Hertz will have to wait for Teslas, just like other buyers

Tesla Inc. and Hertz Global Holdings Inc. negotiates how quickly Hertz will receive deliveries from a mass order of 100,000 Tesla electric cars for its rental fleet, according to people familiar with the matter. Hertz said on October 25 that it had placed “an initial order for 100,000 Teslas by the end of 2022.” The … Read more

Elon Musk says Tesla has not signed an agreement with Hertz despite previous announcement

Tesla Inc. CEO Elon Musk said the electric car maker has not signed an agreement with Hertz Global Holdings Inc. yet, which seemed to contradict a Hertz announcement late last month that the company was ordering 100,000 Teslas. “I would like to emphasize that no contract has been signed yet,” Mr. Musk said in a … Read more

Tesla shares fall. Here’s what’s really behind the roller coaster.

The Tesla stock may not go up forever and the shares will finally fall in the pre-market on Tuesday. Reports of recalls and uncertainty about the Hertz deal are two reasons the stock may fall. However, a third reason may be more responsible for the fall than the other two. Tesla (ticker: TSLA) stock has … Read more

Musk says the Hertz deal has not been signed – and questions the Tesla rally after the announcement

An agreement for Hertz to buy 100,000 Tesla vehicles has not been signed yet, tweeted CEO Elon Musk when he questioned the stock market rally for the electric car maker that has followed. Tesla TSLA, +8.49% has risen above $ 1 trillion in market value since the announcement on October 25 that Hertz will purchase … Read more