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Hertz misses estimates on EV fleet rethink, plans cost cuts

Hertz sold down its fleet of Teslas in January

Bloomberg News

Hertz Global Holdings Inc. is looking to cut costs after it missed analysts’ fourth-quarter estimates as it sold down its fleet of Tesla Inc. electric vehicles. The rental car giant reported Tuesday that it lost an adjusted $1.36 per share, worse than the 76-cent loss analysts’ projected for the quarter, swinging from a 70-cent profit in the previous […]

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