Hertz says it will invest some of proceeds from selling Tesla cars back into gas cars
Baua Electric
JANUARY 11, 2024
Hertz announced that it will invest some of the proceeds from selling its Tesla vehicles back into internal combustion engine vehicles. Back in 2021, Hertz announced an important effort to electrify its fleet of rental cars, led by a massive purchase of 100,000 Tesla Model 3 vehicles. Hertz had bad timing with its EV purchase.
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