Earlier quoted context omitted.
It’s interesting that Hertz’s CEO is the former Ford CEO
Man has no loyalty it seems
Man respects the competition of his previous employer for what it is.
Hertz orders 100k Teslas
271–280 of 516 posts
Re: Hertz orders 100k Teslas
#272I was very pessimistic about Tesla and confused by their stock price. But I now believe that they indeed are doing it and that we’re finally at the EV revolution. I’m not an early adopter type and the Teslas don’t excite me at all, but I’m really delighted that the market is evolving. I’m delighted that I was wrong.
Tesla’s stock price is confusing if you compare them to a car company. But they are not just a car company. They are also a car manufacturing supply chain, having brought much of their component production in house. They are also an energy company, both generation and storage, but also distribution, like gas stations. Think Exxon, BP, Chevron, ARCO, etc. They are probably a few other things, but this is the mystery o…
Maybe what you're saying is true regarding the company itself, but it's a meme stock. You go down and talk to people, people will say that yet wouldn't actually invest in the basket of companies of those industries.
It's not a problem for Tesla or Elon per-se, but we shouldn't assign intelligence to people basically voting for their favs with their wallets.
Re: Hertz orders 100k Teslas
#273Earlier quoted context omitted.
The problem is that when you are renting from Hertz you are probably new to the area and don't know where you are going and if there are any charging stations nearby.
That sounds like a 20’th century problem. Most of us have smartphones these days, which typically come pre-loaded with navigation software.
And in this case, the car may soon drive you there anyhow.
Re: Hertz orders 100k Teslas
#274How wonder how Hertz intends to handle turnaround delays. If I turn in an ICE car at noon, they can clean and gas it and (as a guess) a new customer can drive away in it at 12:15. With an electric, filling it with energy could take quite a long time. I'm sure Hertz considered that, but I wonder how that works into their calculations.
Cleaning and turning around keys-in to keys-out in 15 minutes probably rarely happens at Hertz in what I've witnessed (I've rented >100 times from them). But that said, most cars probably will come back at least 50% charged, so it is only 15 minutes to charge (while cleaning in parallel).
And perhaps if you're a customer picking out Model 3 cars on the lot and you pick one not fully charged.. you could decide to wait it out or just drive.
Re: Hertz orders 100k Teslas
#275Earlier quoted context omitted.
I am sure Hertz can afford a 50KW charger at their locations => 1-2h for full charge.
Not to mention that if the charger is on-premise, there is no longer a personnel need to drive gas-depleted cars to an offsite refueling station. That may add up to significant labor savings.
> there is no longer a personnel need to drive gas-depleted cars to an offsite refueling station
Rental car depots have their own on site gas stations. Fuel on return is one of the highest profit margins rental companies have.
Re: Hertz orders 100k Teslas
#276How wonder how Hertz intends to handle turnaround delays. If I turn in an ICE car at noon, they can clean and gas it and (as a guess) a new customer can drive away in it at 12:15. With an electric, filling it with energy could take quite a long time. I'm sure Hertz considered that, but I wonder how that works into their calculations.
I think that especially when you're looking at multi-day rentals, Hertz doesn't really need to turn things around.
rent the car in the morning, keep it for a while, you bring it back some evening, it gets rented out the next morning.
It's like hotel rooms. Sure you could clean them in 5 minutes after someone steps out the door, but is someone actually there to take the room afterwards?
Re: Hertz orders 100k Teslas
#277Earlier quoted context omitted.
Tesla might be "...doing it...", but that doesn't mean the stock price isn't confusing.
Their price is fine if you look at the Apple analog. Not even knows they want a Tesla like not everyone knew they wanted an iPhone. It's not that they even want one, you basically have to have a smartphone nowdays. EVs will be similar in many many respects. And once someone tries one, that is it. There is no going back. Of coarse there are other brands of smartphones, but not thing comes close to iPhone in terms of t…
Apple has 50% gross margins. Tesla will never have anything close to 50% gross margins unless they stop making cars.
Re: Hertz orders 100k Teslas
#278How wonder how Hertz intends to handle turnaround delays. If I turn in an ICE car at noon, they can clean and gas it and (as a guess) a new customer can drive away in it at 12:15. With an electric, filling it with energy could take quite a long time. I'm sure Hertz considered that, but I wonder how that works into their calculations.
hahaha, me picking up a rental: sales dude: you want to prepay for that full tank of gas, super cheap only for you my friend, just today me: no sales: if it's not full it's going to cost 50% more me: no sales: look at the gas station prices me: I never return with completely empty tank so whatever savings get wasted on the fuel I gift you on return sales: but it's so much cheaper :%s/gas/electricity/g
You have to also account for the free 1/8. Really enjoyed returning all my cars at 7/8 and them considering it returned full :). Part of it is most fuel gauges still read full anyway.
Re: Hertz orders 100k Teslas
#279I was very pessimistic about Tesla and confused by their stock price. But I now believe that they indeed are doing it and that we’re finally at the EV revolution. I’m not an early adopter type and the Teslas don’t excite me at all, but I’m really delighted that the market is evolving. I’m delighted that I was wrong.
Note, the EV revolution and Tesla being the winner of the EV revolution are different outcomes. They're certainly winning the EV race now, but it's possible that some of the other car companies can overtake them.
On the other hand, if you want the EV revolution for its own sake, investing in Tesla as a generator of hype can make instrumental sense.
Re: Hertz orders 100k Teslas
#280“How do we democratize access to electric vehicles? That’s a very important part of our strategy,” Mark Fields, who joined Hertz as interim chief executive officer earlier this month, said in an interview. “Tesla is the only manufacturer that can produce EVs at scale.”
BMW, General Motors, Audi, and Nissan would like a word.
BMW sold 36,089 BEVs in H1 2021. Tesla sold ~385,000.