Hertz Pulls The Plug On Its 100,000-Car Tesla Fleet

SF Gate reports:

After a deep investment in electric vehicles — Hertz purchased 100,000 Teslas three years ago — the country’s second-largest rental car company is starting to scale back on its Tesla stock by selling off its electrified fleet at eye-raising prices.

A Hertz customer posted a screenshot on Reddit last week with a deal to purchase a 2023 Tesla Model 3 for $17,913 — under half of its original $38,990 price tag.

The sell-off is a sharp turnaround from 2021, when Hertz enlisted Tom Brady as spokesperson to trumpet its acquisition of 100,000 Teslas. After the order, Hertz said that EVs made up more than 20% of its global fleet.

Read the full article. Hertz reported a nearly $400 million loss in the first quarter of this year.

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