Hertz is COOKED... The $4 BILLION Tesla Disaster

How did a 108-year-old company that survived two World Wars and the 2008 financial crisis lose $30 billion in a single decade? Hertz spent a century being the airport rental brand — O.J. Simpson sprinting through terminals, the #1 Club Gold name-on-a-board status, 29% of the entire U.S. car-rental market. Then in 2014 Carl Icahn loaded it with debt. In 2020 it filed the largest auto-rental bankruptcy in history. In 2021 it ordered 100,000 Tesla Model 3s. By 2024 it was firing its CEO and dumping those Teslas at fire-sale prices. This is the full story. Six CEOs, one company, roughly $30 billion in damage. From Walter Jacobs' twelve Model Ts in 1918 Chicago, to the 2005 leveraged buyout that planted the structural bomb, to Mark Frissora's accounting scandal, to Carl Icahn's $1.6 billion realized loss, to the WallStreetBets meme-stock saga that beat Wall Street on a literally bankrupt stock, to Mark Fields' trillion-dollar Tesla announcement and the Tom Brady ad campaign, to Elon Musk's $40 billion tweet, to Stephen Scherr's catastrophic EV pivot, to Bill Ackman's 2025 turnaround bet. The thesis: Hertz didn't die from COVID, and it didn't die from electric cars. It died because every CEO since 2014 was hired to clean up the last CEO's mess, and the messes kept compounding. ⏱ CHAPTERS 0:00 — A $277 Bill for Gas 4:00 — Carl Icahn's $1.6B Bet 7:30 — May 2020 Bankruptcy 10:30 — The 100,000 Tesla Order 13:15 — Scherr's Tesla Disaster 🔍 If you liked this autopsy, watch: • Carnival Cruise: How $399 Cabins Built a $50B Debt Trap • Chipotle: How to Lose $50 BILLION in One Year • Nikola: The $30 Billion Fraud That Got Pardoned 📚 Sources include Bloomberg, Reuters, CNBC, The Wall Street Journal, Hertz 10-K and 8-K filings, the SEC complaint against Mark Frissora (2020), the bankruptcy court docket for In re Hertz Corp., and the University of Chicago Law Review's "The Hertz Maneuver." 📺 Subscribe @risktickers for more corporate autopsies. New videos every Monday. #Hertz #Tesla #Bankruptcy #StockMarket #Investing #FinanceNews #CarlIcahn #BillAckman #StephenScherr #ElonMusk #TomBrady #MemeStock #WallStreetBets #ElectricVehicles #EV #CorporateCollapse #PrivateEquity #BusinessFailure #RiskTickers