Alibaba Has Lost $344 Billion in World’s Biggest Wipeout

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Hertz Orders 100,000 Teslas in Car-Rental Industry Shake-Up

(Bloomberg) — Hertz Global Holdings Inc., barely four months out of bankruptcy, placed an order for 100,000 Teslas in the first step of an ambitious plan to electrify its rental-car fleet.Most Read from BloombergCities’ Answer to Sprawl? Go Wild.Hamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyOne of California’s Wealthiest Counties Could Run Out of Water Next SummerThe Top Money Maker at Deutsche Bank Reaps Billio