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Hertz Stock Sinks on Earnings. Its Fleet of Tesla EVs Is the Big Issue.

Hertz Stock Sinks on Earnings. Its Fleet of Tesla EVs Is the Big Issue.

Hertz stock sank Thursday after the rental car company reported a steeper-than-expected loss. A year ago, Hertz reported positive earnings of 39 cents a share from sales of just over $2 billion. Hertz stock dived 18.6% to $4.72 in midday trading on Thursday, while the and were off 1.2% and 1.7%, respectively.