Dabbie Davis   Jun 07, 2024   

In 2021, Hertz aimed to revolutionize its fleet by acquiring 100,000 Teslas, envisioning a quarter of its 500,000 vehicles as electric by 2024. Now, offering Teslas at approximately $25,000, Hertz faces challenges after selling off 20,000 EVs and experiencing significant stock losses, CEO resignation, and financial struggles, prompting caution among investors.