BGL Managing Director Todd R. Cassidy, who leads the firm’s Automotive & Aftermarket investment banking group, is quoted in an article published by Quartz entitled, “Hertz is finally done selling its troublesome Teslas—and the stock falls 10%.”
In the article, Todd discusses the impact of Hertz’s decision to unload its Teslas, adding that flooding the market with lower-priced EVs creates price pressure everywhere.
For Todd’s other insights, read the complete article on the Quartz website.