Hertz, the well-known car rental company, is significantly ramping up its efforts to divest itself of Tesla vehicles from its fleet. This decision comes in the wake of a dramatic decline in the resale value of Tesla cars, which is having a substantial impact on Hertz's financial performance.

Hertz accelerates sales of Tesla vehicles as value crumbles

Hertz Global Holdings announced plans to raise USD 750 million through a two-part secured notes offering, aiming to bolster its financial stability following setbacks from its electric vehicle (EV) investments.

Hertz to raise USD 750 mn to address financial challenges post EV bet

Tesla has surpassed $1 trillion in market value after a deal with rental car company Hertz, which reinforced the electric car leader's ambitions to top the entire auto industry in sales over the next decade.

Tesla goes past $1 trillion market value for first time ever

A recent order helped Tesla and its CEO Elon Musk gain huge amount of wealth as the company's shares witnessed a huge surge. For the first time, US electric carmaker Tesla’s market value has broken through the $1tn mark.

On a roll: Hertz’s 100,000-vehicle order helps Tesla, Elon Musk scale new heights

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