Hertz In A Hole After EV Gamble, Will Sell 30,000 EVs By Year’s End

Heavy depreciation on its fleet of electric cars – and ICE models – played a major role in Hertz reporting a net loss of $1.33 billion, compared with a $629 million profit in Q3, 2023, news ... Read More

Tesla owners offloading their cars over Elon Musk backlash are in ... - MSN

The average price of a pre-owned Tesla is now $30,000, nearly $10,000 less than a non-Tesla EV. Tesla owners selling up amid backlash against Elon Musk should be prepared to take a big loss. Read More

Hertz Finally Sells Off 30,000 EVs, Still Faces $2.9B Loss In 2024 - MSN

Hertz made headlines in October of 2021 when news broke that it was buying 100,000 Teslas worth $4.2 billion at the time, chiefly Model 3 sedans. Now, just a few years later, it’s clear to the ... Read More

Hertz Is Selling Off More Electric Vehicles after Major Losses - Autoweek

Hertz reveals it will reduce its EV fleet by an additional 10,000 cars, after suffering higher-than-expected depreciation of its electric models. The rental giant, which has recently seen its CEO ... Read More

EVs cop most blame for $2 billion Hertz loss - Drive

Hertz flooding the used electric car market with thousands of cars would only push Tesla and Polestar values lower – which has now seen the car-rental giant suffer bigger financial losses than ... Read More

Tesla owners offloading their cars over Elon Musk backlash are in for a ...

Teslas are now by far the most common vehicle on the used electric market, per CarGurus' data. The rental giant Hertz listed more than 30,000 Tesla vehicles from its fleet for sale last year ... Read More

Tesla owners offloading their cars over Elon Musk backlash are in for a ...

Resale values have collapsed in recent years, with the average price of a used Tesla now $10,000 less than that of a non-Tesla electric car. Tesla owners offloading their cars over Elon Musk ... Read More