The Rise and Fall of Hertz’s Tesla Gamble

Introduction

A few years ago, Hertz took a bold step by investing in 30,000 Tesla electric vehicles. It was a move that was meant to revolutionize the rental car industry. However, things did not go as planned for the company.

The Gamble

Hertz’s decision to go all-in on Tesla seemed like a risky but potentially rewarding move. The company saw an opportunity to lead the way in offering electric vehicles for rent, but unfortunately, things took a turn for the worse.

The Fallout

After facing issues with depreciation and expensive repairs, Hertz is now looking to sell off its fleet of Tesla vehicles. The company’s once-promising investment has turned into a financial burden that they are eager to unload.

The Future

As Hertz looks to move on from its failed Tesla gamble, the rental car industry is left to ponder the implications of this high-profile misstep. It serves as a cautionary tale for companies looking to make bold moves in the ever-evolving world of transportation.

For more details on the challenges Hertz faced with its fleet of used Teslas, click here.