Skip to comments.
Hertz Shares Crash with Another Electric Vehicle Wreck
Breitbart ^
| 04/25/2024
| JOHN BINDER
Posted on 04/25/2024 2:02:39 PM PDT by ChicagoConservative27
Shares of rental car giant Hertz plunged by more than 20 percent on Thursday after the company reported huge losses related to its investment in Electric Vehicles (EVs).
For months, Hertz has been struggling after going all-in on EVs. On Thursday, Hertz executives said it lost $1.28 per share in the first quarter, many times larger than Wall Street’s estimate of a loss of 45 percent per share.
The wider-than-expected loss came even though business was actually busier than expected for Hertz. The company took in $2.1 billion in revenue, slightly outpacing expectations.
In January, Hertz executives announced that they would sell 20,000 EVs from their fleet, which accounts for about 33 percent of the company’s total number of EVs. This week, Hertz executives said they would sell an additional 10,000 EVs from their fleet this year.
(Excerpt) Read more at breitbart.com ...
TOPICS: Business/Economy; Culture/Society; News/Current Events; Your Opinion/Questions
KEYWORDS: automotive; crash; electricvehicle; hertz; wreck
Navigation: use the links below to view more comments.
first previous 1-20, 21-37 last
To: BlackbirdSST
The USG should be forced to take them at a fair market value then use them to swap out one for one with ICE vehicles used by various USG drones. The politicians and government employees should be forced to buy them at fair market value. The taxpayers shouldn't have to pay for any of this crime.
To: Ezekiel
Herts' loss on EV's!
All I can say is Ohm...
22
posted on
04/25/2024 3:20:27 PM PDT
by
outofsalt
(If history teaches us anything, it's that history rarely teaches anything.)
To: dfwgator
They’re making deep cuts. I hope the CEO doesn’t lose his head.
23
posted on
04/25/2024 3:45:08 PM PDT
by
Repeat Offender
(While the wicked stand confounded, call me with Thy saints surrounded.)
To: outofsalt
Watt's that you say?
24
posted on
04/25/2024 3:47:18 PM PDT
by
ProtectOurFreedom
(“When exposing a crime is treated like a crime, you are being ruled by criminals” – Edward SnowdenA)
To: dfwgator
Bwahahahahahaha. Nice take, Norm.
25
posted on
04/25/2024 3:48:49 PM PDT
by
gathersnomoss
(Just Give Me Truth.)
To: outofsalt; golux
Herts' loss on EV's!
All I can say is Ohm... Boy no joke. Talk about a failed mantra. No signs of life over there.
They have no excuse, either. The Juice all know that 30 is the age for full power (ko'ach, force, strength)!
26
posted on
04/25/2024 3:52:31 PM PDT
by
Ezekiel
(🆘️ "Come fly with US". 🔴 Ingenuity -- because the Son of David begins with MARS ♂️, aka every man)
To: ChicagoConservative27
If you charge your own electric vehicle at home the price per mile is a couple cents a mile (12 cents per kWh / 3 or 4 miles per kWh). But if you rent a car and are forced to use public chargers your cost will be about 10 cents a mile at 30 cents a kWh. You can run a gas car for 10 cents a mile and have a lot easier time refueling.
Hertz pushes EVgo for non-Tesla. The nearest to me is 40 miles away and costs 30 cents a minute for 50 kW. If you actually get 50kW, that's 36 cents per kWh at the very least, and you have to find a charger that's not taken and works.
27
posted on
04/25/2024 4:09:23 PM PDT
by
palmer
(Democracy Dies Six Ways from Sunday)
To: Ezekiel
Hertz bought into the hype! Another example of bad management decisions!
To: ChicagoConservative27
This is a 60 hertz buzz kill.
29
posted on
04/25/2024 4:10:33 PM PDT
by
Clay Moore
(My pistol identifies as a cordless hole punch. )
To: T.B. Yoits
No problem with that. We already own a portion of every one sold, taxpayers that is.
30
posted on
04/25/2024 4:56:49 PM PDT
by
BlackbirdSST
(Trump or Bust! Long live the Republic.)
To: ProtectOurFreedom
"Watt's that you say?"I'm shocked. They couldn't rent the Volts wagons? Resistance is futile! If they're not current, they should be discharged!
31
posted on
04/25/2024 4:57:24 PM PDT
by
outofsalt
(If history teaches us anything, it's that history rarely teaches anything.)
To: ChicagoConservative27
32
posted on
04/25/2024 4:59:21 PM PDT
by
frank ballenger
(There's a battle outside and it's raging. It'll soon shake your windows and rattle your walls.)
To: Billthedrill
33
posted on
04/25/2024 5:14:08 PM PDT
by
Keyhopper
(Indians had bad immigration laws)
To: Ezekiel
34
posted on
04/25/2024 5:15:36 PM PDT
by
Keyhopper
(Indians had bad immigration laws)
To: ChicagoConservative27
Buy those used EVs NOW!
They almost never break!
And if they do, they're really cheap to get repaired!
And insurance is dirt cheap on em!
And they run forever on FREE SUNSHINE!
And the "Big Guy" only takes 10% of the sale price!
Buy NOW!
Don't miss out on this Deal!
(Buy two or more to get a great government discount!)
Buy online and use Promo Code "ILoveBiden".
35
posted on
04/25/2024 6:17:11 PM PDT
by
Col Freeper
(Praise and Trust in the LORD in All Things at All Times.)
To: outofsalt
Groan!! Ya got me licked! Well done.
36
posted on
04/25/2024 6:57:58 PM PDT
by
ProtectOurFreedom
(“When exposing a crime is treated like a crime, you are being ruled by criminals” – Edward SnowdenA)
To: Keyhopper
Sure. Take the gloves off.
No more Mr. Knife Guy!
Oh wait.. this is getting confesing. 🫨
37
posted on
04/25/2024 7:25:51 PM PDT
by
Ezekiel
(🆘️ "Come fly with US". 🔴 Ingenuity -- because the Son of David begins with MARS ♂️, aka every man)
Navigation: use the links below to view more comments.
first previous 1-20, 21-37 last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson