Tesla's profit declined by nearly 50% in the Jan.-Mar. quarter due to weakening EV demand in countries like China. Despite this, the U.S. company plans to speed up the launch of new models, including more affordable cars. Hertz, a rental company, faced significant challenges as it reported a wider-than-expected loss and a sharp decline in stock value. The company's struggles were exacerbated by its focus on EVs, leading to substantial financial losses. Ford also experienced a notable decrease in EV revenue from $700 million in Q1 last year to $100 million this year, indicating challenges in the EV market.
$HTZ | Hertz Faces Tough Road Ahead: High Fleet Costs, Liquidity Concerns Trigger Downgrades BofA Securities analyst downgrades Hertz to Underperform after the Q1 earnings. Goldman Sachs analyst slashes price target to $4 and says cash flow management around the fleet will be… https://t.co/ptKjp27Muy
Hertz’s stock is having an awful week, and BofA adds to investors’ misery https://t.co/3LtoLf7Clp
“Hertz is hurting.” - @FortuneMagazine $HTZ https://t.co/yfR1d9s4eU https://t.co/e43J3419jy
Hertz loses another $200 million from its EVs https://t.co/Ot4n8JTA9q @rwang0
$HTZ (-5.1% pre) Hertz Global slides even lower after BofA takes a wrecking ball to near-term estimates https://t.co/Sf8zMT6YYl
Ford loses $1.3 billion to EV segment, but hybrid and electric sales grow #oott https://t.co/fY8dpMtpyZ
Hertz Increases The Number Of Electric Cars It Wants To Get Rid Off To 30,000 From 20,000 https://t.co/LksPcAljQM
Ford lost $132,000 on each electric vehicle it sold in the first quarter 2024 | Just The News https://t.co/qk9HU41f2I
Hertz loses another $200 million from its EVs https://t.co/JPAzwxgJkH by @Pras_S
Hertz Global eyes worst day on record as EV rental business falters https://t.co/lZXEBi0juo https://t.co/iTKdMsLMyh
Shares of Hertz Global slumped 24% and were on track for their sharpest one-day percentage fall on record Thursday after the company reported a wider-than-expected quarterly loss, highlighting its struggles with the EV rental business. https://t.co/doQt8OZklj
Hertz Stock Dives. Losses on Tesla EVs Bite Into Earnings. https://t.co/8GfoTql4k1
Hertz Global $HTZ misses earnings expectations as fleet costs weigh https://t.co/NCeUzJlLr1 https://t.co/1cERWbw4hM
Hertz selling off like crazy. Curse of the EV. Down 20%. This is a shit company. It’s on verge of bankruptcy. 6 billion dollar in debt at an equity of 600 million. lol Yet they was spending money on EV, now no one wants them even at 70% sale! Someone buy them plz!!
Hertz selling off like crazy. Curse of the EV. Down 20%. This is a shit company. It’s on verge of bankruptcy. 6 billion dollar in debt at an equity of 600 million. lol Yet they were spending money on EV, now no one wants them even at 70% sale! Someone buy them plz!!
Hertz boosts number of EVs it plans to sell by 50% and reports a much wider-than-expected loss https://t.co/gpHbwhjihW
Ford EV revenue went from $700 million in Q1 last year to $100 million this year https://t.co/BsUYXg6Qua
Tesla, a byword for the electric-vehicle revolution, has reported poor quarterly results, with falling sales and revenues. It has shed $330bn in stockmarket value since the year began. But there are good reasons to expect demand to pick up https://t.co/gapjzfX5CE 👇
Tesla's profit dropped nearly 50% for the Jan.-Mar. quarter amid weakening EV demand in countries like China. But the U.S. company plans to accelerate the launch of new models, including more affordable cars. https://t.co/AXXKFUqymv