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Elon Musk, Twitter reach agreement for sale of social media platform

Teslarati

Twitter confirmed the sale to Musk in a statement on Monday. The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022 , which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter.” “Twitter, Inc.

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Hertz continues to feel EV losses, plans to dump more from its fleet

Teslarati

Hertz said it had increased the number of EVs it will let go of by 10,000 units, now planning to sell 30,000 of its purchased electric cars this year. Hertz said it incurred a $195 million charge to vehicle depreciation to write down the EVs held for sale. 119 of the $339 was related to EVs held for sale.

Fleet 145
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Hertz announces ‘strategic decision’ to slash EV fleet

Teslarati

The EVs that Hertz has put up for sale will “remain eligible for rental” until they ultimately sell. Hertz said that a portion of the proceeds from the sale will go into the purchase of combustion engine vehicles, which are being utilized at a higher demand. ” Bloomberg first reported the filing.

Fleet 123
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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

Global vehicle sales totalled 5.55 This represents the largest year-on-year monthly decrease since 1980, when JATO Dynamics started to collect data—even surpassing the global financial crisis in November 2008, which saw a 25% decline in sales. million units in March 2020, down by 39% from March 2019. million units.

Europe 261
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Hertz now selling former Tesla rentals at bargain prices

Teslarati

As part of the Rent2Buy vehicle sales program on its website , Hertz has listed hundreds of its early Tesla rentals for sale at fairly low prices. What are your thoughts on buying a used Tesla Model 3 from Hertz for $17,700? This could mean that other EVs will be added to the Hertz car sales listings down the road.

Price 143
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Ford Mustang Mach-E captures KBB’s EV Best Buy of 2022

Teslarati

Ford has captured a tremendous accolade with the Mustang Mach-E after Kelley Blue Book announced that the all-electric crossover is the Electric Vehicle Best Buy for 2022. The four variants of the Mustang Mach-E that Ford currently offers provide a nearly-catered option for any customer who chooses to purchase one.

Ford 105
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Used Car of the Day: 1967 Scout International 800 Harvester

The Truth About Cars

You'll have to call the owner if you actually have an interest in buying this thing. Again, we're not here to sell these cars -- we're not Bring a Trailer -- but to simply highlight cool cars we see for sale in our parent company's forums. And for me, Scouts are cool as hell.