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David Welch

New York

Bureau Chief at Bloomberg News

David Welch covers all things auto for Bloomberg. Green-hooped, sword-fighting piper. Whisk(e)y enthusiast. Opinions are my own.

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Articles

  • 5 days ago | news.bloomberglaw.com | David Welch

    Bill Ackman’s Pershing Square Capital Management has amassed a nearly 20% stake in Hertz Global Holdings Inc. in a bet on the rental car company’s turnaround plan and that tariffs will boost the value of its vehicles. The firm began buying shares late last year and now has “a 19.8% stake in the company comprised of outright share ownership and total return swaps,” Ackman said in a post on X. Ackman is wagering that Hertz can get past a bad bet on Tesla Inc.

  • 5 days ago | fortune.com | David Welch

    Bill Ackman’s Pershing Square Capital Management has amassed a nearly 20% stake in Hertz. Patrick T. Fallon/Bloomberg via Getty Images

  • 6 days ago | fa-mag.com | David Welch

    Bill Ackman’s Pershing Square Capital Management has amassed a nearly 20% stake in Hertz Global Holdings Inc. in a bet on the rental car company’s turnaround plan and that tariffs will boost the value of its vehicles. The firm began buying shares late last year and now has “a 19.8% stake in the company comprised of outright share ownership and total return swaps,” Ackman said in a post on X. Ackman is wagering that Hertz can get past a bad bet on Tesla Inc.

  • 6 days ago | news.bloombergtax.com | Reshmi Basu |David Welch

    Hertz Global Holdings Inc. is exploring ways to raise debt to bolster its balance sheet as it faces a potential payout to bondholders and to address looming liabilities, according to people with knowledge of the matter.

  • 6 days ago | ca.finance.yahoo.com | David Welch

    (Bloomberg) -- Bill Ackman’s Pershing Square Capital Management has amassed a nearly 20% stake in rental car company Hertz Global Holdings Inc. in a bet that tariffs will push up car prices, the billionaire said in a social media post. • None How Did This Suburb Figure Out Mass Transit?

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David Welch
David Welch @DavidWelch47
14 Oct 24

Robopuppet? Tesla's Optimus could walk and talk but got a little help from human friends. #TeslaCybercab #teslarobot

Ed Ludlow
Ed Ludlow @EdLudlow

Tesla did use tele-op to remotely control some of what Optimus did last week. Largely it related to interactions with guests. In other cases, Optimus did act autonomously. Here's the report by me and @DavidWelch47 The reporting doesn't rely on X posts or the analysts notes

David Welch
David Welch @DavidWelch47
18 Sep 24

Check out my latest article: GM Joins Tesla's Charging Network https://t.co/eZCyAhloI8 via @LinkedIn

David Welch
David Welch @DavidWelch47
24 Jul 24

Will Gretchen Whitmer join Kamala Harris on the ticket? Signs point to no, for now. https://t.co/bH0jAAKzZk #KamalaHarris2024 #Election2024