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Avis Doubles in Meme Moment on Plans to Add More Electric Cars

  • Stock surges 108% to record high as trading volume explodes
  • Plans follow rival Hertz’s order for 100,000 Tesla models
Bloomberg business news
Avis Stock Triples in Meme Moment
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Avis Budget Group Inc. soared 108% to the highest level ever amid a flurry of retail-crazed trading, after top executives said the car rental company will play a big role in the adoption of electric vehicles in the U.S.

“You’ll see us going forward be much more active in electric scenarios as the situation develops,” Chief Executive Officer Joe Ferraro told analysts on a conference call Tuesday.