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Hertz now selling former Tesla rentals at bargain prices

Teslarati

Hertz is selling off some of its Tesla models that were formerly rentals, and the vehicles are currently available at some pretty low prices. As part of the Rent2Buy vehicle sales program on its website , Hertz has listed hundreds of its early Tesla rentals for sale at fairly low prices.

Price 138
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Elon Musk, Twitter reach agreement for sale of social media platform

Teslarati

Twitter confirmed the sale to Musk in a statement on Monday. The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022 , which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter.” “Twitter, Inc.

For Sale 141
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Hertz continues to feel EV losses, plans to dump more from its fleet

Teslarati

Hertz said it had increased the number of EVs it will let go of by 10,000 units, now planning to sell 30,000 of its purchased electric cars this year. 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. Tesla inks $4.2B

Fleet 143
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Electric Cars Sales Report – January 2023

Electric Vehicles India

With the launch of electric cars by tata motors in various segments and in various price segments, the Ev car market is seeing a major incline in the sales graph. Ltd by the super sales of their compact SUV Nexon ev. The overall trend for sales in the EV market has remained positive.

Sale 98
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Hertz announces ‘strategic decision’ to slash EV fleet

Teslarati

The EVs that Hertz has put up for sale will “remain eligible for rental” until they ultimately sell. Hertz said that a portion of the proceeds from the sale will go into the purchase of combustion engine vehicles, which are being utilized at a higher demand. ” Bloomberg first reported the filing.

Fleet 116
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Hertz (HTZ) blames EVs for Q4 earnings miss as stock price rises anyways

Baua Electric

Hertz’s adjusted negative 17% margin includes $245 million in net deprecation related to Tesla EVs for sale. Polestar CEO Thomas Ingenlath told the Financial Times that Scherr contacted him last fall about pausing EV purchases this year. About 20,000 have already been purchased. Will they be lower priced, then?

Price 52
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Rivian reaffirms ~25K production goal for 2022, reports solid demand despite price increase

Teslarati

“Additionally, we recorded a lower cost [sic] or net realizable value (“LCNRV”) adjustment to reflect the amount we anticipate receiving upon vehicle sale (after considering future costs necessary to ready the inventory for sale) and losses on firm purchase commitments. Preorders and Prices.

Price 92