Tuesday’s losses put Tesla’s stock down more than 11 percent this week.
Hertz had said that it would convert more than 20 percent of its rental fleet to Tesla’s cars, a deal that helped propel Tesla’s stock value beyond $1 trillion for the first time.
The automaker also reported a big jump in revenue, to $13.8 billion from $8.8 billion a year ago, as sales of the Model Y continue to rise.
While its C.E.O., Elon Musk, and the state’s conservative lawmakers share libertarian sensibilities, they differ greatly on climate change and renewable energy.
While its C.E.O., Elon Musk, and the state’s conservative lawmakers share libertarian sensibilities, they differ greatly on climate change and renewable energy.
Elon Musk announced the move at the company’s annual shareholder meeting, hosted at a factory Tesla is building near Austin.
Activist shareholders have submitted five proposals to compel Tesla to disclose more information about its efforts to diversify its work force, how it handles employee disputes and its human rights record.
The electric-car maker has weathered the global shortage of semiconductors better than more established rivals.
The company, which is backed by Amazon and Ford, is seeking to sell shares in one of the biggest initial public offerings of the year.
A 2019 crash in Florida highlights how gaps in Tesla’s driver-assistance system and distractions can have tragic consequences.