The Hertz-Tesla “deal” was a big news a couple of years ago. Hertz isn’t nearly as excited as it once was. Drivers have been having problems, and Hertz said it’s backing out of the deal when execs realized that repair delays, repair costs, resale values, and other issues were eating at the bottom line.
Teslas are getting rented out, of course, but the interest is mostly coming from people who already own an EV themselves, and want to stay electric for road trips and driving out of airports.
Hertz is still very profitable, but the EV experience has been a challenge that brought them down a little. The learning curve is being climbed, and Hertz might be ahead of the competition in most ways.
