Expect more cheap Tesla vehicles from Hertz as the selloff …
2 days ago — In 2021, Hertz made a major move to electrify its fleet, ordering 100,000 Tesla Model 3s and later adding Model Ys. This Tesla fleet boosted Hertz’s customer satisfaction, but issues soon arose ...
Rental giant Hertz dumps EVs, including Teslas, for gas cars
Jan 11 (Reuters) - Rental firm Hertz Global Holdings (HTZ.O) is selling about 20,000 electric vehicles, including Teslas, from its U.S. fleet about two years after a deal with the automaker to...
Hertz's Tesla Fire Sale Continues As Depreciation Costs Mount
1 day ago — Hertz's Tesla-induced depreciation costs continue to mount, and the rental car agency plans to have sold more than 30,000 EVs by the end of 2024. News News
After $4 billion deal with Tesla, Hertz says it will rent ... - NBC News
Oct 27, 2021 — After $4 billion deal with Tesla, Hertz says it will rent out half those cars to Uber drivers. Drivers with at least a 4.7-star rating will be able to rent a Model 3 for $334 a week before...
Hertz is scaling back its EV ambitions because its Teslas keep …
Oct 27, 2023 — Hertz is slowing down its EV plans because many of the Teslas in its fleet are getting damaged by Uber drivers. The repairs are costly, and Tesla’s price cuts are causing Hertz’s fleet to lose...
Hertz accelerates sales of Tesla vehicles as value crumbles
Aug 1, 2024 — Hertz is accelerating its sales of Tesla vehicles and plans to sell tens of thousand more this year as their value crumbles. Back in 2021, Hertz announced an important effort to electrify its...
Hertz makes 'agile' decision to shift strategy and sell EVs, Teslas
Jan 14, 2024 — On Oct. 25, 2021, Hertz first announced plans to grow its fleet of battery-electric vehicles with “an initial order of 100,000 Teslas by the end of 2022.” A commercial featuring repeat Super Bowl...
Hertz Sells 20,000 Electric Cars After Being Burned by Tesla’s Price ...
Jan 11, 2024 — Hertz Will Shrink Electric Fleet After Being Burned by Tesla’s Price Cuts. The rental car company blamed the sharp drop in the value of electric vehicles and higher repair costs for its...
Hertz Misses Estimates as Losses Mount From Failed Tesla Bet
2 days ago — Hertz shares fell as much as 12% as of 11:33 a.m. in New York on Tuesday, the most intraday since June 6. The stock had declined 68% this year through Monday’s close. The results mark Hertz’s ...
Tesla Crosses $1 Trillion Value After Hertz Deal - The New York Times
Oct 25, 2021 — Hertz said on Monday that it would convert more than 20 percent of its rental fleet to Tesla’s electric cars by the end of next year, an announcement that helped propel Tesla’s stock value...