HERTZ | Motor Times

Thursday, November 14, 2024

Tag : HERTZ

MAN HOLDING A YOKE SHAPED STEERING WHEEL OF A TESLA ELECTRIC CAR

Hertz Slashes Price in Tesla Fleet for as Low as $25,000, Amidst Slow EV Sales

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.

Hertz Halts EV Purchase, Arrived at an Agreement with Polestar

Hertz halts acquisition of 65,000 Polestar EVs, shifting away from electrification plans after Tesla exit. Repair costs, depreciation woes cited. Polestar CEO reveals Hertz's pause in late 2023. Polestar agrees to halt agreement under conditions. Hertz's move impacts Polestar stocks, with uncertain revival prospects. Hertz's financial status awaited post-bankruptcy.

A MAN HOLDING THE STEERING WHEEL WHILE DRIVING

Hertz Shifts Gear: Electric Rentals Out, Gas Models In

Hertz, a major player in the rental industry, is set to sell 20,000 electric vehicles (EVs), including Teslas, Chevrolets, and BMWs, opting for gas-powered models due to heightened repair costs. The move aligns with a broader trend seen in Ford and GM, slowing down their electric vehicle production. Hertz's 2022 orders of 100,000 Teslas and 65,000 Polestar EVs signal a significant shift.