The stupid woke policies of corporate DEI really Hertz the bottom line, soto speak.
Corporate America decided to pursue the political favor of the global wannabe feudal lord Leftazis rather than customer favor. The venture into Woke lunacy has borne a putrid fruit when it slammed into bitter reality. It would be funny if not so pathetic and harmful to a lotta good folks who are just trying to make a living.
Yes, the large stock of electric cars, particularly Tesla vehicles, contributed to Hertz’s financial challenges and decision to sell off a significant portion of its electric fleet. The high costs associated with collision and damage repairs, as well as the rapid depreciation of electric vehicles (EVs) due to price declines in the new car market, led to a substantial loss for Hertz. The company faced difficulties with repair costs, depreciation, and lower resale values for its used EV rental cars, ultimately impacting its profitability. Additionally, the dominance of Tesla in Hertz’s EV fleet played a significant role in these challenges, with Tesla vehicles making up about 80% of Hertz’s EVs and being a major factor in the decision to reduce the electric fleet
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