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Not sure this is that the parent meant, but with Tesla’s price drops, Hertz said they had to depreciate them faster. [1] If you buy at $50k and the next week th
by LeafItAlone 3y ago
Not sure this is that the parent meant, but with Tesla’s price drops, Hertz said they had to depreciate them faster. [1]
If you buy at $50k and the next week they more sell for $40k Tesla, you’ve lost money. And Tesla has had multiple price drops.
1. https://www.cnbc.com/amp/2023/10/26/hertz-pulls-back-on-ev-plans-citing-tesla-price-cuts-repair-costs.html https://www.cnbc.com/amp/2023/10/26/hertz-pulls-back-on-ev-p...
- bryanlarsen 3y agoHertz were renting their cars to Uber drivers. Their results aren't representative.
- LeafItAlone 3y agoHow they were used is irrelevant to the point being made.
- bryanlarsen 3y agoWhy? All cars driven as Ubers depreciate faster than typical cars, Tesla or not. Hertz is trying to blame Tesla for their own mistake.
- LeafItAlone 3y ago1. Hertz’s Tesla fleet certainly is not used solely for Uber. In some areas they are popular for regular car rentals. I know, because I’ve gotten them when renting cars on trips with Hertz. 2. Hertz’s issue is that they bought (some of) their Teslas and then Tesla dropped the price of new vehicles significantly. So even if Hertz never rented them out and had them in a showroom, they already have lost money on resale value. https://jalopnik.com/hertz-tesla-rental-fleet-costs-depreciation-repairs-1850963572 https://jalopnik.com/hertz-tesla-rental-fleet-costs-deprecia...