hertz
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Elon Musk Gets a Wake-Up Call as Tesla Valuation Falls 20% on Shrinking EV Demand
Not even Elon Musk’s Tesla—which was touted as a vehicle manufacturing unicorn meant to dent the climate crisis—can withstand those pesky macroeconomic trends. Tesla’s valuation has just fallen as the electric vehicle market seriously cools down. Tesla’s reduced valuation follows the company announcing earlier this month in an earnings call that it would be reducing…
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Hertz Australia Is Adding a Bunch of Polestar 2 EVs to Its Fleet of Rentals
Car hire company Hertz has announced that it will buy up to 65,000 electric vehicles from Polestar, adding the EV to its Australian fleet.
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Toyota Took The Chip Shortage In Stride And Made Billions
Toyota again made a lot of money, Tesla and Hertz are negotiating, and Aston Martin. All that and more in The Morning Shift for November 4, 2021.
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Elon Musk Made A$48 Billion on Monday But Republicans Don’t Want to Tax Him
Elon Musk, America’s dumbest smart guy, saw his net worth rise $US36.2 (A$48) billion on Monday, all thanks to a surge in the price of Tesla’s stock, according to Bloomberg’s Billionaires Index. The record-breaking rise in wealth, which puts Musk at the top of the list with $US289 (A$385) billion, comes as proposed taxes on…