Dec. 7 at 2:18 PM
$TSLA
Hertz Sells Tesla EVs After
$2B Losses, Exposing Market Hurdles
Hertz's 2021
$4.2 billion purchase of 100,000 Teslas aimed to lead EV adoption in rentals but resulted in over
$2.X billion in losses due to high repair costs, rapid depreciation, and weak demand. The company is now selling off EVs, highlighting broader market challenges like infrastructure gaps and consumer hesitancy..
https://www.webpronews.com/hertz-sells-tesla-evs-after-2b-losses-exposing-market-hurdles/