HTZ Stock Alert: Hertz CEO Resigns After Tesla Blunder
Hertz(HTZ) InvestorPlace·2024-03-19 02:38
Rental car operator Hertz (NASDAQ:HTZ) suffered another ignominious incident, this time largely of its own doing. Former CEO Stephen Scherr decided to step down from the helm after the company’s disastrous bet on Tesla (NASDAQ:TSLA) and other electric vehicle (EV) companies. Unfortunately, the EV sector fallout has been toxic, relentlessly taking down HTZ stock and other electric-mobility-related investments.According to a Fortune report, Hertz will replace Scherr with automotive industry veteran Gil West. ...