My bet is on the extra torque being the primary problem. Rental companies have complained about increased incident rates, and they’re probably not renting out Teslas.
Hertz is dumping Teslas onto the used car market. The rental car agency made a huge mis-step by ordering too many electric cars, and now it’s rushing to offload 30,000 EVs. Tesla makes up roughly one-third of all of Hertz’s global EV fleet.
Since January, Hertz has been aggressively offloading teslas at the nationwide average price of roughly $25,000, according to CNBC. Earlier this year in a regulatory filing, Hertz said, “expenses related to collision and damage, primarily associated with EV, remained high.” in the first quarter, Hertz took a $195 million write-down for depreciation of its EVS.
My bet is on the extra torque being the primary problem. Rental companies have complained about increased incident rates, and they’re probably not renting out Teslas.
Hertz has had Tesla’s most of the time I’ve picked up a rental
And they did U turn on that. June 2024: