Hertz rents out its Tesla for less than 20,000 euros!
This page is translated from the original post "Hertz brade ses Tesla à moins de 20 000 euros !" in French.
- 16/11/2024 9:22
The Hertz rental company no longer knows what to do with the Tesla vehicles clogging its parking lots. One solution: a massive purge!
Hertz is desperate to get rid of the Teslas that had once joined its fleet as a dazzling symbol of a new era for the rental world. A wonderful world where CO2 emissions were just a distant nightmare. Well, the nightmare is far from over!
Announcing a new massive liquidation plan, the company is trying to reduce its losses and turn the page on one of the biggest failures in the history of 100% electric vehicles.
Hertz and Tesla united for the worst…
When Hertz announced its plan to purchase 100,000 electric cars from Tesla, the American manufacturer’s market capitalization skyrocketed to a stratospheric level. However, the car rental company quickly realized the new challenges brought by these electric vehicles. A new maintenance logistics system had to be put in place, and more importantly, cars depreciated faster than expected, which strained its finances.
The ambitious CEO at the time, Stephen Scherr, did not survive this painful episode while Hertz lost more than half a billion dollars in the first quarter of 2024.
The joke has lasted long enough, and as a form of primitive rejection, Hertz has now decided to part with its entire Tesla fleet. You can now find used Teslas, perfectly maintained, for less than $20,000 on Hertz’s dedicated site. The rental company hopes to liquidate this painful legacy by the end of 2025. When will others start electrifying their fleets? That’s certain, and we’re betting on it! Not easy to be the first…
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