Hertz Shares Soar 20% on New Uber Robotaxi Partnership
Hertz Global Holdings' shares surged by 20% following the announcement of a new partnership with Uber for robotaxi services. The heavily shorted stock saw significant gains on the news of the collaboration.
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Is Hertz a meme stock again? Shares soar 20% on Uber partnership.
Hertz said it will support Uber Technologies’ efforts to launch robotaxi services in California.
By William Gavin
Read full article →Heavily Shorted Hertz Soars On Uber Robotaxi Deal
Heavily Shorted Hertz Soars On Uber Robotaxi Deal Heavily shorted shares of rental-car company Hertz are soaring in premarket trading after the company announced a partnership with Uber Technologies to scale both autonomous robotaxi and driver-led rideshare operations. Hertz’s Oro Mobility unit will be used as a fleet-management system for Uber’s next-generation mobility network of autonomous robotaxis. This means Oro will support the critical operating layer: charging, maintena...
By Tyler Durden
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