EV and battery thread, page-2306

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clivemax

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26/10/21

13:11

Post #: 57078914
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Originally posted by Stephan90 ↑

Apparently car rental company Hertz, which emerged from bankruptcy, wants to buy 100,000 Tesla cars for a total of 4.2 billion USD. Tesla stock jumps, so the news seems legit. But I wonder

"The Company emerged from Chapter 11 with significantly lower non-vehicle debt levels relative to its pre-Chapter 11 balance sheet. At June 30, 2021 the Company had $1.5 billion in outstanding non-vehicle debt, comprised of a $1.3 billion Term B Loan and a $245 million Term C Loan that will support the issuance of letters of credit. In addition, the Company has a $1.3 billion first lien revolving credit facility ("First Lien RCF"). At June 30, 2021, the Company had $70 million of letters of credit deemed issued and no borrowings outstanding under the First Lien RCF. The Company has no material non-vehicle debt maturities until 2026. The Company's liquidity position totaled $3.0 billion at June 30, 2021, comprised of $1.8 billion in unrestricted cash and $1.2 billion of availability under the First Lien RCF. "

Hertz Global Holdings Reports Strong Second Quarter 2021 Financial Results - Aug 9, 2021

news also reported by Bloomberg

Hertz Orders 100,000 Teslas, TSLA Stock Soars - Bloomberg

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Rental companies such as Hertz transitioning over to Electric Vehicles, (EV’s) may be seen as a major marketing break-through for EV’s.

Not only in the advertising context, but also for those who may be sitting on the fence between purchasing an EV or Ignition Combustion Engine, (ICE) car.

All a potential purchaser need do, is rent an EV for the day and try it out!

Then decide which way they may purchase?

I know in my situation, I would have to fly to Texas to try out a Cyber-Truck, (after these have been manufactured), at this moment in time!?

ORE Price at posting: $9.42 Sentiment: Buy Disclosure: Held
7 Upvote

2 Great analysis

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