Hertz absorbed a massive loss after electric vehicle fire sale
The rental giant's 2021 EV gamble resulted in a lousy payoff for Hertz.
In 2021, condo automobile big Hertz (HTZ) took an enormous gamble that will well present an explanation for an unhappy part of its future.
To answer to client ardour and the rising adoption of electrical autos, Hertz announced "a important investment" in EVs, including an initial bid of 100,000 Tesla (TSLA) autos and charging infrastructure by the cease of 2022.
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