Earlier this year, Hertz announced that it would sell about 20,000 Tesla vehicles early in order to counter this trend.
However, with the release of its earnings today Hertz announced that it would accelerate the sales of Tesla vehicles. The company now expects to transition its fleet fully by the end of next year (via Bloomberg):
Hertz has said it will sell tens of thousands of Tesla electric vehicles this year. The company said Thursday that it expects the fleet overhaul to be substantially done by the end of 2025, by which point monthly depreciation will normalize in the low $300s per unit.
In comparison, and thanks to the Tesla fleet, Hertz is currently seeing per-unit depreciation of $600 a month.
https://electrek.co/2024/08/01/hertz-accelerates-sales-of-tesla-vehicles-as-value-crumbles/
However, with the release of its earnings today Hertz announced that it would accelerate the sales of Tesla vehicles. The company now expects to transition its fleet fully by the end of next year (via Bloomberg):
Hertz has said it will sell tens of thousands of Tesla electric vehicles this year. The company said Thursday that it expects the fleet overhaul to be substantially done by the end of 2025, by which point monthly depreciation will normalize in the low $300s per unit.
In comparison, and thanks to the Tesla fleet, Hertz is currently seeing per-unit depreciation of $600 a month.
https://electrek.co/2024/08/01/hertz-accelerates-sales-of-tesla-vehicles-as-value-crumbles/
