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The value of used EVs has dropped 33.7% between October 2022 and October 2023, even as the overall used car market dropped only 5.1%, according to data from iSeeCars. Hertz could, however, benefit ...
(Reuters) -Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles, including Teslas, from its U.S. fleet due to higher expenses related to collision and ...
Jan 11th 2024 at 9:07AM. 11. Hertz Global Holdings will sell about 20,000 electric vehicles (EVs) from its U.S. fleet, the rental firm said on Thursday, citing higher expenses related to collision ...
Hertz, in reporting an adjusted loss of $1.36 per share, wider than the $0.76 loss expected, was saddled with losses stemming from its decision to sell 20,000 Teslas, representing a third of its ...
A failed bet on Tesla. But before Tesla was a thorn in Hertz’s side, it was actually its saving grace. ... Hertz announced in January that it would sell 20,000 of the cars in favor of gas ...
Hertz CEO Steven Scherr put the blame for the decision squarely on Tesla, The New York Times reported, saying that Teslas were the largest component of Hertz's fleet, and the automaker's sweeping ...
Hertz, which has made a big push into electric vehicles in recent years, has decided its time to cut back. The company will sell off 20,000 electric vehicles and use the money they bring to ...
That means Hertz had fewer than 50,000 Teslas in its fleet — less than half the 100,000 the company said it would order by the end of 2022. Hertz’s October 2021 announcement of its Tesla order ...