Hertz Stock Plunges 19% as It Continues to Lose Money on Ill-Fated Tesla EV Plan

Key TakeawaysHertz Global Holdings announced it was cutting its EV fleet by another 10,000 and took a $195 million charge in the first quarter.That charge was part of a$588 million increase in vehicle depreciation, leading to a per-share loss that was more than double estimates.In January, the company took a $245 million charge as it moved to shed 20,000 EVs.Hertz shares fell 19$195 millio ...