It’s Thursday and we’re talking about Carvana’s best performance ever. We’re also discussing Hertz’s decision to sell more of it’s EV inventory, as well as a wild story about the ongoing dispute around the legendary Delorian.
Carvana’s latest earnings are signaling a substantial turnaround with a net income of $49 million in Q1, a 17% increase and a significant recovery from a $286 million loss in the same quarter last year. Shares soared by 37% in premarket trading.
Hertz is set to offload 30,000 electric vehicles from its fleet due to "substantial depreciation" and escalating maintenance costs, highlighting broader challenges in the EV rental market.
Kat DeLorean, the daughter of the iconic car's creator, faces a trademark challenge in her quest to build a modern DeLorean, despite another company owning her family's name
Hosts: Paul J Daly and Kyle Mountsier
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