Rideshare vehicle provider EVmo, formerly YayYo, takes part in fleet acquisition of Tesla EVs

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Rideshare vehicle provider EVmo Inc., formerly known as YayYo Inc. undefined, said Wednesday that through its subsidiary Rideshare Car Rentals LLC it is...

Rideshare vehicle provider EVmo Inc., formerly known as YayYo Inc.

said Wednesday that through its subsidiary Rideshare Car Rentals LLC it is taking part in a fleet acquisition of Tesla Inc. vehicles. The move was part of EVmo's new commitment to go all electric by the end of 2021. Shares of Tesla surged 3.8% in premarket trading, after soaring 19.6% on Tuesday to snap a five-day losing streak in which they shed 21.6%. EVmo shares were still inactive ahead of the open, while futures ES00, +0.59% for the S&P 500 SPX, +0.59% rose 0.5%."The future of mobility is electric.

 

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