Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

Fortune

Christiaan Hetzner

Hertz helped turn Tesla into a trillion dollar mega-cap stock—now it's become collateral damage in Elon Musk’s price wars

Elon Musk Hertz Tesla Inc. Ice Stephen Scherr

Hertz CEO Stephen Scherr (Credit: F. Carter Smith—Bloomberg/Getty Images)

Rental agency Hertz is learning the hard way that Tesla cars didn’t quite turn out to be the appreciating assets Elon Musk famously predicted they would be.

And it can blame his strategy of driving volume through price cuts for that—as indeed it did on Thursday.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Israeli ambassador to Australia says he hopes for return to ‘traditional friendship’ on October 7 anniversary eve

Israeli ambassador to Australia says he hopes for return to ‘traditional friendship’ on October 7 anniversary eve

Relations have soured between the two countries over a number of issues since 2023, but Hillel Newman says a ‘reset’ is possible

The Guardian - AU

Pennsylvania faces largest measles outbreak in decades as case count rises to 1,000

Pennsylvania faces largest measles outbreak in decades as case count rises to 1,000

Neighboring states are also reporting hundreds of cases, with over 3,800 recorded across the country

The Guardian - US

Trump says Super Pac will pay for taxpayer-funded ads that sparked outcry

Trump says Super Pac will pay for taxpayer-funded ads that sparked outcry

President’s U-turn comes after Democrats and Republicans condemned use of tax dollars for pro-Trump ads

The Guardian - US

2 people killed, including a student, after Florida school bus rolls over in crash

2 people killed, including a student, after Florida school bus rolls over in crash

Florida bus crash: A tragic accident occurred in Winter Haven when a school bus was hit by an oncoming car. The bus carried nearly 40 people, including students and the driver. Following the crash, a student and the driver of another vehicle were reported dead. Emergency responders transported 26 students…

The Economic Times

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Student protests erupt at Cornell over mishandling of gang-rape allegations

Student protests erupt at Cornell over mishandling of gang-rape allegations

Hall housing Michael Kotlikoff’s office spray painted as demonstrators demand resignation of college president

The Guardian - US

Teen gunned down after entering gated community to look for phone, but the person who shot him will avoid jail

Teen gunned down after entering gated community to look for phone, but the person who shot him will avoid jail

Heitor Amaral was allegedly unarmed, but the shooter claimed self-defense.

We Got This Covered

Related Stories

Top stories on inkl right now

Israeli ambassador to Australia says he hopes for return to ‘traditional friendship’ on October 7 anniversary eve

Israeli ambassador to Australia says he hopes for return to ‘traditional friendship’ on October 7 anniversary eve

Relations have soured between the two countries over a number of issues since 2023, but Hillel Newman says a ‘reset’ is possible

The Guardian - AU

Pennsylvania faces largest measles outbreak in decades as case count rises to 1,000

Pennsylvania faces largest measles outbreak in decades as case count rises to 1,000

Neighboring states are also reporting hundreds of cases, with over 3,800 recorded across the country

The Guardian - US

Trump says Super Pac will pay for taxpayer-funded ads that sparked outcry

Trump says Super Pac will pay for taxpayer-funded ads that sparked outcry

President’s U-turn comes after Democrats and Republicans condemned use of tax dollars for pro-Trump ads

The Guardian - US

2 people killed, including a student, after Florida school bus rolls over in crash

2 people killed, including a student, after Florida school bus rolls over in crash

Florida bus crash: A tragic accident occurred in Winter Haven when a school bus was hit by an oncoming car. The bus carried nearly 40 people, including students and the driver. Following the crash, a student and the driver of another vehicle were reported dead. Emergency responders transported 26 students…

The Economic Times

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Student protests erupt at Cornell over mishandling of gang-rape allegations

Student protests erupt at Cornell over mishandling of gang-rape allegations

Hall housing Michael Kotlikoff’s office spray painted as demonstrators demand resignation of college president

The Guardian - US

Teen gunned down after entering gated community to look for phone, but the person who shot him will avoid jail

Teen gunned down after entering gated community to look for phone, but the person who shot him will avoid jail

Heitor Amaral was allegedly unarmed, but the shooter claimed self-defense.

We Got This Covered

Our Picks

More Than 37,000 Squishy Toys Recalled as Water Beads Inside Can Swell in a Child and Evade X-Rays

About 37,480 squishy toys with water beads are recalled. Learn the warning signs of ingestion and why X-rays may miss swallowed beads.

Is Store-Bought Rotisserie Chicken Actually Healthy? Here’s What to Check on the Label

A grocery store rotisserie chicken can make dinner easier without the cost of takeout or the work of cooking from scratch. It provides protein and can be used in salads, sandwiches, soups, and family meals throughout the week. However, not every rotisserie chicken has the same nutritional profile. Some contain…

Grocery Coupon Guide

Why Are Eggs Refrigerated in America but Left on the Shelf in Other Countries?

Walk into a grocery store in the United States, and you will find eggs in a refrigerated section. Visit many European grocery stores, however, and eggs may sit on ordinary shelves at room temperature. This difference often surprises American travelers who wonder why the same food requires different storage methods.…

Grocery Coupon Guide

Kim Kardashian Reveals Five Nannies for Four Kids as Kanye West and Bianca Censori Step Out in Los Angeles

Kanye West and Bianca Censori were seen with Playboi Carti at ComplexCon in Los Angeles, shortly after Kim Kardashian discussed raising their four children and using five nannies.

International Business Times UK

Woman says a male canvasser knocked at her door and wanted to talk pro-life. Then she asked him: ‘Have you ever been pregnant?’

She explained why she is pro-choice.

We Got This Covered

Doing Everything Right but Still Have Dull Skin? Here’s Why

If this sounds familiar, it doesn't necessarily mean your skincare routine is bad. Healthy-looking skin depends on much more than the products sitting on your bathroom shelf. Dead skin-cell buildup, dehydration, sun exposure, irritation, lifestyle factors and even using too many active ingredients can all affect how your skin looks.…

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play