Elon Musk's new plan to use current product lines as the basis for new affordable vehicles — rather than springing for all-new models — follows the playbook of Tesla's old-school Detroit rivals, as some Tesla investors and analysts see it.
Drew Baglino, who announced he'd be leaving Tesla on April 15, is selling 1.14 million shares of the electric car company, according to a filing on April 25.
Hertz Global Holdings (HTZ) shares cratered after the rental car giant said it will incur an additional $195 million cost from its unsuccessful effort to switch over to electric vehicles (EVs), leading to a huge first quarter loss.
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