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2021-12-21

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Tesla Loses All the Gains From 35% Rally Stoked by Hertz Electric Vehicle Deal

Pact was revealed Oct. 25, stock has slumped since Nov. 4 peak. Shares have fallen as Elon Musk reduced his stake in carmaker. Tesla Inc.’s stock went on a tear after an October deal with Hertz Global Holdings Inc. signaled broader mainstream adoption of its electric cars.Tesla slid 3.5% on Monday, closing at $899.94. That put the shares below where they’d closed right before the $4.2 billion Hertz deal was revealed on Oct. 25.A broad market decline weighed on Tesla Monday, with renewable-energy

Tesla Loses All the Gains From 35% Rally Stoked by Hertz Electric Vehicle Deal

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Shares have fallen as Elon Musk reduced his stake in carmaker. Tesla Inc.’s stock went on a tear after an October deal with Hertz Global Holdings Inc. signaled broader mainstream adoption of its electric cars.Tesla slid 3.5% on Monday, closing at $899.94. That put the shares below where they’d closed right before the $4.2 billion Hertz deal was revealed on Oct. 25.A broad market decline weighed on Tesla Monday, with renewable-energy","content":"<ul>\n <li>Pact was revealed Oct. 25, stock has slumped since Nov. 4 peak</li>\n <li>Shares have fallen as Elon Musk reduced his stake in carmaker</li>\n</ul>\n<p>Tesla Inc.’s stock went on a tear after&nbsp;an October deal&nbsp;with Hertz Global Holdings Inc. signaled broader mainstream adoption of its electric cars.</p>\n<p>But that 35% rally is gone now.</p>\n<p>Tesla slid 3.5% on Monday, closing at $899.94. That put the shares below where they’d closed right before the $4.2 billion Hertz deal was revealed on Oct. 25.</p>\n<p><img src=\"https://static.tigerbbs.com/618700cba3c26f0c158495e139d64818\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"></p>\n<p>The stock, which peaked on Nov. 4, is down 21% in December, poised for the worst month since the pandemic-fueled rout in March 2020.</p>\n<p>Hertz’s order for 100,000 vehicles had sent Elon Musk-led Tesla’s shares on a near-vertical rise, pushing the company’s valuation well above the coveted trillion-dollar mark. Yet, the rally soon started wobbling after Musk started offloading&nbsp;some of his stake&nbsp;in the company. Tesla’s market cap is now about $904 billion.</p>\n<p>A broad market decline weighed on Tesla Monday, with renewable-energy firms such as solar companies and other electric-vehicle makers broadly underperforming after Senator Joe Manchin saidhe wouldn’t support&nbsp;President Joe Biden’s spending plan. Nikola Corp. fell 7.3%, the most since Nov. 18, while Rivian Automotive Inc. dropped 7.9%. Workhorse Group Inc. was lower by 8.9%, and Lordstown Motors Corp. fell 8.2%.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Loses All the Gains From 35% Rally Stoked by Hertz Electric Vehicle Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Loses All the Gains From 35% Rally Stoked by Hertz Electric Vehicle Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-21 10:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-20/tesla-wipes-out-35-surge-that-pivotal-hertz-deal-had-spurred?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pact was revealed Oct. 25, stock has slumped since Nov. 4 peak\nShares have fallen as Elon Musk reduced his stake in carmaker\n\nTesla Inc.’s stock went on a tear after an October deal with Hertz Global ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-20/tesla-wipes-out-35-surge-that-pivotal-hertz-deal-had-spurred?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-12-20/tesla-wipes-out-35-surge-that-pivotal-hertz-deal-had-spurred?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2193135403","content_text":"Pact was revealed Oct. 25, stock has slumped since Nov. 4 peak\nShares have fallen as Elon Musk reduced his stake in carmaker\n\nTesla Inc.’s stock went on a tear after an October deal with Hertz Global Holdings Inc. signaled broader mainstream adoption of its electric cars.\nBut that 35% rally is gone now.\nTesla slid 3.5% on Monday, closing at $899.94. That put the shares below where they’d closed right before the $4.2 billion Hertz deal was revealed on Oct. 25.\n\nThe stock, which peaked on Nov. 4, is down 21% in December, poised for the worst month since the pandemic-fueled rout in March 2020.\nHertz’s order for 100,000 vehicles had sent Elon Musk-led Tesla’s shares on a near-vertical rise, pushing the company’s valuation well above the coveted trillion-dollar mark. Yet, the rally soon started wobbling after Musk started offloading some of his stake in the company. Tesla’s market cap is now about $904 billion.\nA broad market decline weighed on Tesla Monday, with renewable-energy firms such as solar companies and other electric-vehicle makers broadly underperforming after Senator Joe Manchin saidhe wouldn’t support President Joe Biden’s spending plan. Nikola Corp. fell 7.3%, the most since Nov. 18, while Rivian Automotive Inc. dropped 7.9%. Workhorse Group Inc. was lower by 8.9%, and Lordstown Motors Corp. fell 8.2%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":635,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}