this post was submitted on 26 Oct 2023
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Hertz Misses Quarterly Profit Estimates as Its Fleet Costs Rise (www.bloomberg.com)
submitted 1 year ago by dragontamer to c/realtesla
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Hertz Global Holdings Inc. earnings missed estimates amid headwinds from Tesla Inc. price cuts and the high price of repairs for electric vehicles.

Sounds like Teslas are making a very bad "Total Cost of Ownership" argument over at Hertz.

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[–] dragontamer 1 points 1 year ago

https://jalopnik.com/hertz-tesla-rental-fleet-costs-depreciation-repairs-1850963572

Another take on the same story.

Hertz reports that repair costs for its 50,000-deep electric car fleet are more expensive than comparable gasoline cars as well, around double, in fact. It’s well known that Tesla repair costs are quite high, particularly in the case of crash damage. Hertz also has a fairly large collection of Polestar cars in its fleet, and premium European EVs are also quite expensive to repair.