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Hertz orders 100k Teslas

bloomberg.com

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Re: Hertz orders 100k Teslas

#431

Post by wolverine876 »

kenneth wrote: post #190
wolverine876 wrote: post #186

How 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.

Takes around 30min to 80% charge a Tesla. Have you ever been to a rental car lot? It's almost always full of cars. And when not full, it's because of the same event everyone is renting for, which doesn't indicate fast turnarounds. There's plenty of extra inventory to charge all the Teslas between customers.

Recently I've had a hard time finding available cars. Many times in my life, I've had to wait while they turned around a car that had just been returned.

Re: Hertz orders 100k Teslas

#432

Post by HWR_14 »

FeepingCreature wrote: post #279
HWR_14 wrote: post #236

Earlier quoted context omitted.

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.

I mean, if "Make the richest man on earth richer, so a few more news stories will be written about him, because that might lead people to look into EVs" is how you want to spend your hard-earned dollars, I'm not going to stop you. I'd suggest there are far more efficient ways to bring about social change, both in terms of fewer negative side effects and more bang for your buck.

Re: Hertz orders 100k Teslas

#433

Post by HWR_14 »

m0zg wrote: post #314
HWR_14 wrote: post #236

Earlier quoted context omitted.

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.

This line of reasoning reminds me the time when Android came out and people were predicting the imminent death of then-newborn iOS. Tesla is Apple of car manufacturing. That much is pretty obvious if you drive one of their cars. They seemingly deliberately depart from what everyone else is doing. And my bet would be that they'll continue to do so, and continue building out technological capabilities that no other man…

> Tesla is Apple of car manufacturing.

Can you explain what on earth that means? Apple makes good use of their device ecosystem, purchased app lockin and network effects to maintain an excellent position. Tesla has none of those benefits, other than their US (not EU etc. which is required to be open) supercharger network (which they promised to open to all EVs).

When I read your post (e.g. it's obvious as soon as you drive one, once you go electric you never go back) and both of those sound like arguments for EVs, not Tesla. Tesla may have made those two synonymous for a while, but I cannot believe it will last.

I will ask, are their departures from traditional manufacturing good? Even people I know with a Tesla that mostly has sat in a garage for its life (no need to commute during WFH because of COVID) say it's already showing extreme wear.

Re: Hertz orders 100k Teslas

#434

Post by HWR_14 »

_ph_ wrote: post #309
alphabettsy wrote: post #288

Earlier quoted context omitted.

I wonder how much of the margin is made up of the $10,000 FSD option?

Very little. First of all, a lot of cars are sold without this option, but most importantly, a large part the money isn't recognized as revenue yet, as the FSD isn't ready yet. A part of it is recognized due features like "summon" and "navigate on autopilot". But the large part of that money is still unrecognized revenue. There will be a boost to the revenue, when they can recognize the remaining part of the FSD paym…

This is interesting. You're claiming that the FSD money they collect isn't recognized yet? Can I ask you what leads to you thinking that? I'm sure it's in one of their financial disclosures, but you may be able to narrow it down for me.

Re: Hertz orders 100k Teslas

#435

Post by pettusftw »

JoshCole wrote: post #241
FireBeyond wrote: post #204

Earlier quoted context omitted.

Have you rented recently? Their lots really aren't "always full of cars". A lot of rental companies, especially franchises, have sold a lot of their cars due to reduced demand and insane used car prices.

Not the person you asked the question to, but... I've rented recently (1 month ago). The parking garage was filled with an absurd number of unused cars. There were entire levels of the parking garage which were filled with cars which weren't being used because the rental car companies associated with that floor weren't even open. Meanwhile the rental car operator which was open wasn't even close to having rented out…

To add an anecdote, I attempted to rent almost 2 months ago and there was zero availability within 150 miles of a major city.

Re: Hertz orders 100k Teslas

#436

Post by TearsInTheRain »

dado3212 wrote: post #286
stmfreak wrote: post #225

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…

They are also an innovation engine. You have to value all of the things they havent created yet but will.

Re: Hertz orders 100k Teslas

#437

Post by jessriedel »

_Microft wrote: post #48
jessriedel wrote: post #31

Earlier quoted context omitted.

> small acceleration gas cars provide with no braking Gas automatic cars :)

In my experience cars with diesel engines and manual transmissions also had the tendency to creep forward instead of stalling while in first gear when neither brake nor accelerator pedal was stepped on.

Yea, this is sorta true. If you leave a manual transmission car in gear then the momentum of the pistons, and the minimal gas it's fed to prevent stalling in neutral, will give a very slight push at sufficiently slow speeds. It's much smaller than the effect you get from an automatic, though, where the gas delivered to the engine is enough to keep it from stalling even when shifting to drive from a dead standstill.

Mostly I'm thinking of the situation where you break to a stop. In a manual, you have pushed in the clutch so the wheels are completely disconnected from the engine, giving zero creep when you release the brake, whereas in an automatic the car will start to creep.

Re: Hertz orders 100k Teslas

#439

Post by xyzzy21 »

Waterluvian wrote: post #163

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 "melting up" due to Fed QE injecting money into markets. It's NOT REAL. Just money that is increasingly becoming Monopoly money.
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