OUCH: Hertz went all in on Tesla — and is paying the price. “Hertz, in reporting an adjusted loss of $1.36 per share, wider than the $0.76 loss expected, was saddled with losses stemming from its decision to sell 20,000 Teslas, representing a third of its EV fleet. Hertz said last month it would take a $245 million charge from the sale of those cars due to high depreciation costs, in addition to higher costs for repairs for EVs, which dragged on the bottom line.”

Yesterday: Hertz halts plan to buy 65,000 electric cars amid EV slump.