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Yet Hertz’s misfortune is a dream for used-car buyers looking for a good deal. On the company’s website, potential buyers can find Teslas ranging in price from $21,000 to $36,000, the majority ...
Tesla's stock was down about 3%. Hertz also expects to book an about $245 million charge related to depreciation expenses from the proposed EV sale in the fourth quarter of 2023. Hertz's decision ...
The earnings report highlighted the car-rental giant's inability to shake off a failed bet on Tesla vehicles. Hertz lost 68 cents per share in the third quarter, exceeding consensus expectations ...
Hertz said last month it would take a $245 million charge from the sale of those cars due to high depreciation costs, in addition to higher costs for repairs for EVs, which dragged on the bottom line.
Electric vehicles were already considered expensive and hard to repair. Now their image could take another hit as rental giant Hertz dumps 20,000 of them, including Teslas, for gas-powered cars.
Hertz's deal to buy 100,000 Teslas does just that. Research shows getting buyers behind the wheel is the best way to promote electric cars. Hertz's deal to buy 100,000 Teslas does just that.
Recall last year when Hertz announced it would electrify its rental car fleet with a huge order of 100,000 Tesla Model 3 sedans. Hertz even signed on NFL star Tom Brady to make the announcement in ...
“Tesla is the only manufacturer that can produce EVs at scale.” But Hertz paid close to list prices for the Teslas, rather than demanding a large discount as car-rental giants often do. That ...
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