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.