Hertz Global Holdings Inc Stock News

EV sales hit a record for volume and market share during the fourth quarter of 2023. Despite records, year-over-year EV sales growth has slowed.

Here's our daily look at three charts connected to recent news-driven price moves, with important technical levels to watch.

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The rental car company blamed the sharp drop in the value of electric vehicles and higher repair costs for its decision to sell 20,000 cars.

Hertz had said it would order 100,000 Teslas by the end of 2022 and followed that with a decision to buy up to 65,000 units over five years from Polestar.

Hertz CEO Stephen Scherr joins 'Squawk on the Street' to discuss news of the company cutting one-third of its electric vehicle fleet over the year, what's behind the EV selloff, state of the EV rental

Tesla stock is working on its ninth loss in 10 trading days. Hertz is dumping many Tesla EVs, citing weak demand and high collision costs.

Hertz said it will sell about 20,000 electric vehicles from its U.S. fleet. It said it expects the sale of the EVs to "take place in an orderly fashion over the course of 2024.

Hertz Global (NYSE:HTZ) has announced it is selling about 20,000 electric vehicles (EV) from its US fleet — equal to about a third of its global EV fleet — “to better balance supply against dema

Hertz Global Holdings Inc (NASDAQ: HTZ) plans on selling 20,000 electric vehicles it currently has in its U.S. fleet. Shares of the car rental company opened in the red on Thursday.

Hertz Global Holdings has started selling electric cars from its US fleet and will reinvest in gas-powered cars. The rental giant says it wants to off load 20,000 vehicles.

The car-rental company said in a filing that it would use part of the proceeds from selling about 20,000 EVs in the U.S. to purchase internal-combustion-engine vehicles.

The rental car giant is selling 20,000 EVs and will lose about $245 million on the sale. The stock is down.

CNBC's Andrew Ross Sorkin reports on the latest news.