Hertz says it will invest some of proceeds from selling Tesla cars back into gas cars
Baua Electric
JANUARY 11, 2024
Yesterday, we reported on Hertz starting to sell its older Tesla Model 3s and they are going for fairly cheap. The Company expects to reinvest a portion of the proceeds from the sale of EVs into the purchase of internal combustion engine (“ICE”) vehicles to meet customer demand. Hertz had bad timing with its EV purchase.
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