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2024-12-29 -Signs, Portents, and the Weather-
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'Crazy cheap' Teslas hit the market as Hertz fire sale intensifies after error buying 100,000 EVs
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[Daily Mail, where America gets its news] Hertz's decision to buy 100,000 Teslas has backfired badly - but it does mean cheap EVs are up for grabs.
The car rental giant began to sell off its stock of Teslas a year ago - due to a lack of demand from customers who prefer gas models. Bosses also said they wanted to offload the cars due to high repair costs.
With slow demand, Hertz is being forced to sell the electric vehicles at steep discounts.
In the past week, a Hertz customer shared a jaw-dropping deal on Reddit: a 2023 Tesla Model 3 for just $17,913 - less than half its retail price of $38,990.
In January the company said that the proceeds from the sales would go to funding more gas powered cars.
It is a departure from its previous target that 25 percent of its overall fleet would be electric by the end of 2024.
In 2022, it said it would buy up to 65,000 EVs over five years from Polestar. That was just months after it ordered 100,000 cars from Tesla.
The selling of the EV fleet aligns with a broader trend in the US auto market in which demand for electric cars appears to have fallen.
The cut prices comes after a rocky financial year for Hertz who reported a wider-than-expected third-quarter loss and missed revenue estimates last month.
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Posted by Skidmark 2024-12-29 00:00||
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Posted by swksvolFF 2024-12-29 15:24||
2024-12-29 15:24||
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Posted by Frank G 2024-12-29 16:31||
2024-12-29 16:31||
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Posted by swksvolFF 2024-12-29 19:34||
2024-12-29 19:34||
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14:34 Frank G
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