Hertz continues to feel EV losses, plans to dump more from its fleet
Teslarati
APRIL 25, 2024
Hertz said it incurred a $195 million charge to vehicle depreciation to write down the EVs held for sale. 119 of the $339 was related to EVs held for sale. Additionally, higher-than-expected maintenance costs put pressure on margins. The losses continued in Q1. Tesla inks $4.2B
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