Skip to content
Technology
Hyperdrive

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
California To Ban New Gasoline Cars By 2035, A First In U.S.
Photographer: David Paul Morris/Bloomberg
Updated on
From

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.

But that 35% rally is gone now.