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Hertz orders 100k Teslas

bloomberg.com

421–430 of 516 posts

Re: Hertz orders 100k Teslas

#421
post #168

Earlier quoted context omitted.

This is correct. You coast by feathering the accelerator.

This seems insane to me. "Do nothing and the car coasts" versus "balance this pin and the car coasts" is such a massive dichotomy shift that it seems like poor design. It's a car, not a helicopter.

I've noticed a similar method is needed to coast with a Nissan car with a CVT.

Re: Hertz orders 100k Teslas

#422
post #169

Earlier quoted context omitted.

Someone found Hertz's updated Terms & Conditions. tl;dr you are expected to return the car with at least 10% charge. TESLA These Electric Vehicle Rental Terms (“Rental Terms”) are between The Hertz Corporation (“Hertz” or “us”) and You and apply to a rental of an electric vehicle (“EV”) from Hertz. An EV is defined as a vehicle that exclusively uses battery power rather than gasoline or diesel fuel. These Electric Ve…

Could you provide a source? What date and locale is this from? etc.

Only source I'm seeing is here. Assuming they got it from Hertz

https://twitter.com/DriveTeslaca/status/1452777788918755329

Re: Hertz orders 100k Teslas

#423

I 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.

It's not going to be a revolution despite all the EV bull market folks say, it will be an orderly transition, people are slow to change and adapt and STEM people should accept that. Electric cars are not in any way an order of magnitude upgrade in tech, which is a necessary trait for any technology that claims to be disruptive. Sure from a green perspective it is but not from a pragmatic one. I of course welcome the…

> It's not going to be a revolution despite all the EV bull market folks say

https://www.drive.com.au/news/norway-to-hit-100-per-cent-ele...

I'd call that a revolution on a small country scale.

Re: Hertz orders 100k Teslas

#424
This news should take into account the current rental car market situation: that is, absolutely bananas.

Rental companies buy cars on leverage, and sell them used after a short lifespan. They sold off their inventory at the start of the pandemic and now can’t refill due to chip shortages, etc.

The used market is also crazy inflated, currently, but these companies couldn’t take advantage of that appreciation.

Re: Hertz orders 100k Teslas

#425

Earlier quoted context omitted.

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…

For the record, their market cap is also greater than "Australia's Woodside Petroleum, Chevron, Exxon Mobil, Imperial Oil, Royal Dutch Shell, Shell Energy North America, Canadian Natural Resources, ConocoPhillips and French group Total [combined]" [1], so they're also valued kind of crazy compared to energy companies...and that was in January 2021 before the most recent spike. Sure, part of that is faith in renewable…

Well people can short Tesla. I heard this under evaluation among solo traders. But Tesla is having a lot of money in crypto afaik. So it often may seem, their profit in cryptos increases their total val.

Re: Hertz orders 100k Teslas

#426

Tesla surges by over $100B on a $4B (revenue) deal, likely at very low margins. Memes galore.

That's only if you consider this a one time thing. Those 100K vehicles are going to need replacement in a few years. And considering, Hertz's stock price increase, investors are clearly believing this is a great deal for them. Which raises the question about where all their competitors will be buying their EVs. There are millions of rental vehicles. Close to 2M in the US alone. The reasons Hertz is considered to be g…

Do you have some numbers on lower maintenance? From a quick look around [1-2] they seem pretty similar to other manufacturers.

[1]: https://caredge.com/toyota/maintenance

[2]: https://caredge.com/tesla/maintenance

Re: Hertz orders 100k Teslas

#427

Earlier quoted context omitted.

To me this entirely seems like a marketing stunt and a last ditch effort. Looking at recent major wholesale orders of Tesla cars, Las Vegas' Tesla loop comes to mind. A fleet of Tesla cars in a glorified cave taking tourists from point A to point B which was marketed to be a Boring company project with that concept video that blew everyone's mind off. It may as well be an underwhelming private transport facility that…

I guess you missed the news that they're expanding it? https://www.theverge.com/2021/10/20/22737228/elon-musk-borin...

That news was in my second link.

I enjoyed this video which reflects my pessimism of Las Vegas Loop: https://www.youtube.com/watch?v=QvK2i9Jxy5c

I think there are better options for public transport.

Re: Hertz orders 100k Teslas

#428

Earlier quoted context omitted.

Isn't Tesla one of the least capital efficient ways to invest in transport electrification? How much of that will end up in genuine R&D and furtherance of your aims, as against paying for transient meme interest and massive risk loading?

Tesla spends like 5x as much per car on R&D. They literally developed a completely new battery manufacturing factory and cathode plant from the ground up. Plus of course their own batteries with their own chemistries. No other car company comes even close to that. They are vertically integrating to the point where they themselves are building their own battery manufacturing equipment. They are even slowly getting int…

I don't know where your figures come from. I've seen Tesla's 2020 FY R&D expense was $1.5Bn, but that is dwarfed by the other players if the linked data is correct[1]. So apart from paying a massive premium, dollar for investment dollar you'd get much more R&D for your money buying a basket of non-Tesla automakers than tesla.

[1] https://www.statista.com/statistics/566060/automotve-firms-b...

Re: Hertz orders 100k Teslas

#429
post #133
post #5

Earlier quoted context omitted.

I'm not sure that should be a problem so long as they are returned . I don't know the exact turn-around times for rental car companies but you can charge a Model 3 to full in 5 hours or so with a 240. Though I think another issue could be wear and tear on the battery as you're not supposed to charge to full - can rental companies software lock the charge rate? Not yet as far as I know.

These cars are probably going to use the cheaper iron based batteries which are fine to charge to 100%.

Good to know!

Re: Hertz orders 100k Teslas

#430
post #125
post #78

I've wanted to try a Tesla for a while now with a view to purchase. There's nowhere near me to rent one (Turo isn't available in my state) and I'd gladly rent one from Hertz. This is a move that could do wonders for EV sales. Exposing people, without commitment, to EVs may just quench some lingering doubts re: charging, etc.

Is there no Tesla showroom/dealership near you? How else would you take delivery?

Mea culpa. I was definitely unclear. I'd like something more than the usual hour long test drive from the showroom. The questions I have regarding Tesla and EV require testing on longer trips, using the charging network, etc. Being able to rent a car for a few days for a longer trip will tell me all I need to know.
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