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Hertz orders 100k Teslas

bloomberg.com

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Re: Hertz orders 100k Teslas

#201

Post by Dylan16807 »

moralestapia wrote: post #70
gruez wrote: post #67

Earlier quoted context omitted.

>Hertz just declared itself bankrupt a year ago, now they have 4bn cash to spare? where did you get 4B from? presumably $40k per car multiplied by 100k cars? The cars are probably financed, so they don't really need the entire $40k upfront. Using the tesla leasing calculator https://www.tesla.com/support/tesla-leasing , a $40k model 3 only costs $19,299 for the first 36 months. >Also, they raise 1.65bn [1], the sourc…

> https://www.theverge.com/2021/10/25/22744504/hertz-tesla-ord... >the source you linked says the 1.65B is from coronavirus relief. It doesn't preclude them from raising more through other channels, eg debt/equity. Sure, but I doubt they raised more than 4bn. Even if they did, don't you think is a bit fishy to suddenly spend your whole lifeline in (not a few, but) a hundred thousand electric cars?

They don't need 4bn, and it's very normal for them to enter some big long-term contracts for more cars, and the upfront and first-year spending for this won't get anywhere near 1.65bn. So no, not fishy.

Re: Hertz orders 100k Teslas

#202

Post by bdamm »

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.

Yeah this is not really going to be a problem. Cars spend a lot of time waiting, so rows of 120V outlets will do plenty. Level 2 chargers can keep busy cars topped up. They could have superchargers for fast turnaround, but as a renter I frankly don’t really care. If there’s a supercharger near the airport (and, newsflash, there is) then all I really need is to take the car and return it at half charge or better. Having it be fully charged at pickup is nice, but not necessary.

Re: Hertz orders 100k Teslas

#203

Post by renewiltord »

aardvark179 wrote: post #40

Hope they disable some of the Tesla Easter eggs. Having the road diagram turn into a rainbow and Don’t Fear The Reaper blast out of the speakers because you hit an on screen button four times is pretty unnerving if you’re familiar with the car and really wouldn’t be what you want having just got off a long flight and driving in a city you don’t know in a car you don’t know.

Haha fuck yeah! A car made by the guys who have the kind of humor past computers were built by. I fucking love it.

No wonder they’re beating everyone else at this game. These guys rule!

Re: Hertz orders 100k Teslas

#204

Post by FireBeyond »

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.

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.

Re: Hertz orders 100k Teslas

#205

Post by eastendguy »

FireBeyond wrote: post #200
quantified wrote: post #187

Earlier quoted context omitted.

When you bring a gas car back empty, you get charged heavily. Wonder how the pricing and will be affected by the juice left in when you return it. And how their scheduling manages it. Also, will “FSD” be enabled or disabled? There’s an interesting liability chain.

Right, because bringing it back empty means the car is out of commission for ~12h. The last three times I've rented a car it's been turned and burned and I've had to wait a few minutes for a clean/wash to be complete from the last renter.

I am sure Hertz can afford a 50KW charger at their locations => 1-2h for full charge.

Re: Hertz orders 100k Teslas

#206

Post by legolas2412 »

nroets wrote: post #199
thehappypm wrote: post #77

Electric cars are actually a very good fit for many rentals. Thinking through my last 5 rentals. A wedding that was 1 hour from an airport, ~100 miles RT. A ski trip where I wanted to drive from Denver to my AirBnB near Winter Park Colorado, ~200 miles RT. A hiking trip where I needed a second car for a point-to-point car shuttle (New Hampshire!), ~120 miles RT. A bachelor party where I needed to drive from the airpo…

On long trips, there may be one or more Hertz locations near your route. If all of them stock electric cars, Hertz could offer a premium offering where you change cars along the way...

I certainly do not look forward to constant unloading/loading, adjusting seats and mirrors, and pairing bluetooth again every 3 hours.

Re: Hertz orders 100k Teslas

#207

Post by FireBeyond »

pokerhobo wrote: post #157
oxfeed65261 wrote: post #128

Earlier quoted context omitted.

According to Car and Driver, a Hertz spokesperson said that ‘customers can return the EVs not fully recharged "for now," a difference from the rules for returning gasoline-powered vehicles.’ https://www.caranddriver.com/news/a38052601/hertz-buying-100...

The cost of electricity is probably less than $5, plus the time they spend cleaning the car for the next person they can get to 80% charge

"30 minutes to 80%" assumes every Hertz dealership is going to have multiple latest-gen superchargers. I think that's ... optimistic. Especially for franchise operations, some of which are quite run down.

Other than that, you're going to have multiple hours of downtime where that car is not making you money.

The cost of gas isn't $7.50/ga either, especially for a corporate account the size of Hertz. Doesn't mean they won't charge you that, though.

Re: Hertz orders 100k Teslas

#208

Post by bdamm »

hughes wrote: post #171
pokerhobo wrote: post #157

Earlier quoted context omitted.

The cost of electricity is probably less than $5, plus the time they spend cleaning the car for the next person they can get to 80% charge

The more significant cost to Hertz would be the hours spent charging before the vehicle is back in service

Hertz has probably done the math on this.

Re: Hertz orders 100k Teslas

#209

Post by CamperBob2 »

judge2020 wrote: post #146
greatgib wrote: post #129

Is it just me that see that something funky is going on there? Hertz is just out of bankruptcy, and immediately they order 100,000 Tesla to be delivered, and so paid I guess, in just 1 year! Let's imagine that they have the Tesla with a very good discount: 30000$ a piece. That would cost them: 100 000 x 30 000 = 3 000 000 000 $ I have hard time to believe that they have that cash in hand, or that they can borrow that…

> Let's imagine that they have the Tesla with a very good discount: 30000$ a piece. "To be clear, cars sold to Hertz have no discount. Same price as to consumers." https://twitter.com/elonmusk/status/1452794619410927625?s=20

That's crazy. Who pays the single-unit retail price for 100,000 units of something?!

That doesn't happen in business, ever, unless something weird is going on.

Re: Hertz orders 100k Teslas

#210

Post by TomVDB »

esalman wrote: post #106

My in-laws fancied a Tesla for their vacation in Austin TX. They could not even get to San Antonio, which is hardly an hour away. They had to switch it out for a regular car. Tesla basically rides on their marketing propaganda. I'll stick to my 35mpg Toyota SUV thank you.

How strange. I routinely drive uninterrupted stretches of 160 miles in my Model Y without emptying the battery. Are you sure they weren't pressing the acceleration and break pedals at the same time?
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