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This isn't just a very profitable deal for Tesla, it is a strong indicator towards that electric cars are really around to stay and that the electric car market
by _ph_ 5y ago
This isn't just a very profitable deal for Tesla, it is a strong indicator towards that electric cars are really around to stay and that the electric car market is growing quickly. If it is more profitable for Hertz to buy Teslas than other brand cars, it should be for most car rentals and probably also most other customers.
Not too long ago Elon talked about Tesla making up to 20 million cars per year in 2030. That would make Tesla twice as large as VW, the currently largest car manufacturer. Of course this statement was treated as Elons typical optimism, but deals like this pave the way to that actually coming true.
- TeMPOraL 5y ago> Of course this statement was treated as Elons typical optimism, but deals like this pave the way to that actually coming true. I feel people have really short memory wrt. Elon's optimism. Not everything he promises pans out (autopilot being the prime example), but usually, it does, just slightly later than promised.
- _ph_ 5y agoRight, though it currently looks that autopilot is about to work out, if you look at the FSD beta releases (check the videos on YouTube). And the Hertz order points to the possibility of the 20M cars/year being not to far off both in volume as in time frame.
- panick21_ 5y agoWhy is this not profitable for Tesla? The cars were bought at full consumer prices and Tesla has very good unit margin. In 2012 Elon predicted 500k vehicles in 2020 and he was spot on. So lets see the 2020 prediction for 2030.
- _ph_ 5y agoI think this is profitable, but my post was about that the profit goes far beyond the money earned in this contract. Perhaps I shouldn't have used double negation :)
- panick21_ 5y agoProbably not your fault, my dyslexia means sometimes I don't understand what I read. I think I missed the 'just'.