Hertz wants to ride the meme wave so bad, even had a Tesla painted yellow with the Hertz signage on it.They will be going with all the other EV products out there…
Five years from now, it will be difficult to find a gasoline powered vehicle at a first rate car rental service, except for a few classics and ego vehicles. $Hertz Global (HTZ.US)$

$Hertz Global (HTZ.US)$ EVs are very cost effective. Much, much lower on maintenance as fewer moving parts.  Much less on fuel as it costs less to run.  Much less clean-up, fumes, and dirt. Quiet, clean, worth every penny.

Hertz: $Hertz Global Holdings, Inc. (HTZZ.US)$ got rid of 80% of its corporate debt in 2021 thanks to being purchased by 2 investment firms.
Hertz was provided $5.9 billion in new equity capital by the company's new investor group, led by Knighthead Capital Management and Certares Opportunities. The two investment firms agreed in March to buy Hertz and take it out of bankruptcy.
Hertz said it has reduced corporate debt by nearly 80%, or nearly $5 billion. Hertz has also "significantly enhanced its liquidity to fund operations and future growth."
So they decide to buy 100k Tesla’s at full price??
100,000 x $60,000 = $6,000,000,000 (notice this is a low estimate, for the cheapest Tesla’s)
So they went straight back to the same debt level as before. The true number will be closer to, if not past,$10billion.

$Hertz Global Holdings, Inc. (HTZZ.US)$ Hertz buys call options on Tesla. Hertz puts in orders for 100 thousand cars. Tesla rockets. Hertz sells their options. Hertz has 4.8 billion to buy 100 thousand Tesla’s.

$Hertz Global Holdings, Inc. (HTZZ.US)$ Hertz paid everyone in full because it turned out they weren't really bankrupt at all, so it wasnt really a restructuring of debt. They filed because the market for used cars crashed at the beginning of Covid, so they got margin called on their credit lines (secured by their rental cars). However, the used car market then spiked to all time highs, so the margin calls went away and they were able to go back to business as usual. Hertz usually buys around 500,000 cars a year. They just are moving their purchases from other brands to Tesla.

$Hertz Global (HTZ.US)$, one of the largest worldwide vehicle rental companies by sales, locations, and fleet size, has manage to emerged from bankruptcy earlier this year (2021), and will be offering an uplisting, to raise USD 1.3 billion at USD 29 per share.
$Hertz Global (HTZ.US)$ operates in over 100 countries, including U.K., Australia and Latin America, and in 2021, it has placed an order for more than 50,000 Tesla's Model 3 sedans, to be available for rent in the U.S. and some parts of Europe.
It's operating income & net income currently is in the negative zone due to the sharp decline in revenue & bookings caused by the covid pandemic.
However, as more countries start to have higher vaccination rate and the introduction of covid medicine such as the covid pills from $Merck & Co (MRK.US)$ and $Pfizer (PFE.US)$ to treat covid, it is expected that revenue and bookings will return to its pre-covid level.
Before we end this small talk, please vote if you will be participate in this 'Re-IPO'.
That's all for today and thank you for your support.

Shareholders of Hertz Global Holdings Inc. $Hertz Global (HTZ.US)$ a poster-child of the meme-stock frenzy, raised $1.3 billion after pricing an upsized Nasdaq listing.
The Estero, Florida-based car-rental company’s existing backers will sell 44.5 million shares at $29 apiece, according to a statement Monday. They had initially planned to sell 37.1 million shares at $25 to $29 each, an earlier filing with the U.S. Securities a...

Shares of $Tesla (TSLA.US)$ could see some selling pressure tomorrow if Elon Musk follows through on a Twitter poll asking users if he should sell 10% of his position. About 58% of respondents indicated that he should, which puts Musk on the hook to follow through on his pledge. Bloomberg reports that Musk faces a tax bill of about $15B on stock options, which could be the real reason he is considering a sale of more than $20B worth of Tesla stock.
Meanwhile, Wedbush Securities heads into next week even more confident on the electric vehicle maker with an eye on the future.
Analyst Dan Ives says the linchpin to the overall bull thesis on Tesla remains China, which he estimates will represent 40% of deliveries in 2022. "While PR/safety headwinds were front and center in China earlier this year, we have seen this demand trend reverse aggressively in a bullish way for Tesla into year-end with the company now on a ~50k monthly run-rate for China in 4Q that could ramp further into early 2022," notes Ives.
Wedbush forecasts that by the end of 2022 Tesla will have the capacity for overall ~2M units annually from roughly 1M today as new Gigafactories come on line. The firm also expects more bulk orders globally to follow on the Hertz deal. Wedbush keeps an Outperform rating on TSLA and sets a new bull case price target of $1,800 and base case PT of $1,100