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Hertz Swings to Loss, Misses Estimates on EV Fleet Rethink

(Bloomberg) -- Hertz Global Holdings Inc. is looking to cut costs after it missed analysts’ fourth-quarter estimates as it sold down its fleet of Tesla Inc. electric vehicles.Most Read from BloombergKing Charles Treated for Cancer in New Royal Health ScareXi to Discuss China Stocks With Regulators as Rescue Bets BuildWhy NYC Apartment Buildings Are on Sale Now for 50% OffWall Street Snubs China for India in a Historic Markets ShiftChina Tightens Some Trading Restrictions for Domestic and Offshor

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EVs are cheaper than ever. That's bad for EV owners

Price parity now appears to be arriving. That’s great news for the electric car industry, and for drivers who’ve not been able to afford a battery vehicle. But not so good for EV owners who want to sell their used cars

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Ev Depreciation: Electric vehicles are cheaper than ever. That's bad for EV owners, ET Auto

Ev Depreciation: Tesla cuts Model 3 prices in China, making them more affordable; Hertz sells part of its EV fleet and buys gasoline-powered vehicles instead; falling EV costs benefit consumers but hurt fleet owners; Hertz's decision to buy 100,000 Model 3s looks foolish; depreciation risk for rental companies; EV price parity with gasoline cars causes depreciation headache; consumer demand for EVs may saturate as production ramps up; ideal time to buy for rental companies and individual car owners.

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Hertz selling 20,000 EVs as it shifts back to gas-powered cars

The about-face, after Hertz said it would buy 100,000 Tesla cars, underscores the waning demand for all-electric cars.

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Hertz Selling 20,000 Electric Vehicles for Gas-Powered Cars

Hertz Selling 20,000 Electric Vehicles for Gas-Powered Cars
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Hertz Selling Off 20K Electric Cars to Buy Gas-Powered Cars

In another blow to President Joe Biden's green energy agenda, rental car company Hertz is selling off tens of thousands of electric vehicles.

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Hertz selling 20,000 EVs as it shifts back to gas-powered cars

The about-face, after Hertz said it would buy 100,000 Tesla cars, underscores the waning demand for all-electric cars.

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The Truth Hertz: Rental Giant to Shed 20,000 EVs -- and Gas Up

Just a few months ago, Hertz committed to making electric vehicles a quarter of its rental fleet. They had already announced an intent to partner with Tesla as a major provider for their future fleet,...

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Hertz Selling Off 20K Electric Cars to Buy Gas-Powered Cars

In another blow to President Joe Biden's green energy agenda, rental car company Hertz is selling off tens of thousands of electric vehicles.

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The Truth Hertz: Car Rental Giant to Shed 20,000 EVs -- and Gas Up

The Truth Hertz: Car Rental Giant to Shed 20,000 EVs -- and Gas Up
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