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. There’s more at both links below.

‘Like your Tesla rental? Want to keep it?’ Hertz is trying to unload its Tesla cars on renters https://t.co/pkvJZLDVkV by @fredericlambert

— Electrek.co (@ElectrekCo) December 26, 2024

Hertz Is So Desperate To Unload Tesla $tsla Inventory It’s Asking Customers If They Just Want To Keep Their Rentalshttps://t.co/mA7lkUa8zG

— Martin Pelletier (@MPelletierCIO) December 26, 2024