Hertz, which has made a big push into electric vehicles in recent years, has decided it's time to cut back. The company will sell off a third of its electric fleet, totaling roughly 20,000 vehicles, and use the money it brings to purchase more gasoline-powered vehicles.
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So Herz The car rental company is selling over 20,000 of their Tesla EV vehicles in exchange for gas powered vehicles. Now how and why? right? That's a question that I began asking myself. Hertz stocks. So this is ticker symbol.

Htz has not been the best performing stock it's been selling off and shortly after this news is approaching 52e lows at lows of $810 with a current price of $834 This is something that I'm going to be paying attention to tomorrow to see if I potentially want to short the stock. With that being said again, this article says her is selling 20,000 EV vehicles to buy gasoline cars instead. The first question that I ask is why? Well, according to this article, collision and damages repairs on EV often run about twice that associated in comparison to combustion. Vehicles Now one of the things that really catches me by surprise is that in my experience I mean I have a Tesla it's one of my favorite cars to drive.

You guys let me know down in the comment section: Teslas are very inexp expensive when it comes down to maintenance. but when it comes down to repair, I mean I would assume that yeah, there are probably new vehicles you have to go directly to Tesla so they probably are more expensive to repair. But anytime that you get in a collision at least for people like you and I consumers, we just get our insurance to cover it. So it's very simple so we don't see that type of cost or expense since.

first off, it's illegal to drive a vehicle without insurance and second, it's super cheap to insure a Tesla I have one of the most expensive Teslas out there to 202 to Tesla Model 3 Uh, Tesla Model X plaid and I think I pay about 100 bucks a month for 140,000 MSRP vehicle. Now, when it comes down to any of the repairs, it's truly very inexpensive. but I could only imagine that for a type of Um company like Herz Yes, when you have 21,000 EV Vehicles it makes up 80% of your overall Fleet when it comes down to your EV Fleet It probably can be very expensive, especially when you're lending your car to be rented. and people obviously when they rent a car are not very careful.

The thing that I really wanted to share with you guys when it comes down to this is, well, how is this negatively affecting Herz Herz is expected to lose about $245 million uh, due to the unexpected depreciation of this EV vehicle. But I wanted to remind you this when it comes down to these: Teslas I pulled it up. Herdz Cars for sale Tesla Model 3 They have about 428 Teslas of these that are posted for sale I Wanted to show you, especially if you're in the market for a cheaper EV vehicle that's going to be somewhat low maintenance. Again, even if it's like your first car or your daily driver, what can you get for $220,000 Now please note: this one has 103,000 miles.

It's been driven to say the least. Uh, but you can go down the list and try to find one that maybe has relatively lower miles when it comes down to uh, something that might be more suitable for you. but I Wanted to also let you know that not only do they have Teslas model 3, they have Tesla Model y's they have Tesla Model X's so feel free to browse around and see if you can get a discount. Also, you also can get a Um rebate a tax rebate up to $4,000 when you buy an EV vehicle.
This has been something uh, that has been very popular when buying a Tesla and it's their federal tax credit, so it's something to look into. So before you actually buy the vehicle, just make that in whatever state you are in. If you can qualify for an additional $4,000 tax credit, then why not? Because even if you end up paying $222,000 for it, then maybe it turns it into $18,000 And what other vehicle that's a 2021 can you get for $1,000 And in my opinion, Teslas are one of the best cars out there. and that's why we decided to give it away, right? So maybe you're not in the market in buying a Tesla But what about winning one? And this isn't a giveaway that's going to go on for another thir 30 or 60 days.

This giveaway ends this week, so it's January 15th Right now it ends on January 21st. So what that means is you can head on over to Shop Techbuds decom and you don't have to over complicate it. You can look at how to enter, but it's super simple. You can buy T-shirts you can buy mouse pads, you can buy wall art literally, You can buy anything from our store at Shop Techbuds and we have a wide collection.

We have some uh Elon Muses and I'll show you this and you will automatically get entered for a chance to win this. Tesla Model 3 Long range that has 20,000 mil. So what would that look like? Well I wanted to show you if you were to buy a Tesla even comparing it to these very cheap ones that are posted on Herz I Wanted to show you this the Traa doesn't allow. Oh here it goes.

I'm going to go on the long range and the mileage. We have one that has 20,000 so let's just go even under 25,000 to see if they have anything in that spec. They don't have one with less than 25,000 miles, so let's go ahead and remove that filter and maybe we'll go to their lowest mileage one and try to see what we can find. But right off the bat from low to high, this one is 28,000 29,000 29,000 And you can see that these are all right around 96,000 mil.

Now how cool would it be to win one of these? Teslas With white interior it's a long range and it only has 20,000 mil. Is this going to be your first car? Is this going to be your daily driver? In my opinion, there's no better daily driver. especially you know for commutes within the city for a Tesla uh rather than a Tesla Model 3 long range and we're giving one of these away I Want to remind you that do not over complicate this giveaway. We have mystery boxes if you want to check it out and it comes out comes with all of this.

Or just keep it simple, you can buy a Go F yourself Elon Musy! One of my personal favorite. You can buy a cybertruck mouse pad, a mystery box, a cybertruck t-shirt It's literally super super simple and we're doing 20x entries right now. Which means that if you buy a t-shirt you'll get 1,000 entries, 1,000 automatic entries for a chance for you to win that Tesla Model 3 Long Range You can buy anything from our bonus entry uh, blowout collection you can buy. You know, generic te's such as our Wall Street T our L Tokyo Phoenix They all get you 1,000 entries.
Our mouse pads The Go F yourself Starship Cyber Truck Day Trader Mouse Pad 1,000 entries 1,000 entries 1,000 entries 1,000 entries The list goes on. Literally every single order gets you entered for a chance to win that Tesla Model 3 And what better time to do so. even if you end up winning that Tesla and you don't want to keep it right because maybe you prefer gas vehicles, post it for sale. You can see that you can get probably more than 28 $30,000 so why not post it for sale, right? Super super simple on how to enter.

don't buy anything you don't actually want and automatically get entered for that Tesla Model 3. That ends in just 6 days. So if you don't enter, that's fine. I'm just going to be handing the key to that Tesla to someone else.

So I appreciate your time. I Went ahead and I linked the site down below. It's Shop Techb buts. comom.

it's the fourth Link in the description down below. and if you have any questions before, um, what's it called participating in our giveaway, shoot me a direct message via Instagram and that's the third link in the descript description down below. Uh, but yeah, I Thought it was quite of an interesting story when it comes down to Herz Um, and how it's affecting the overall car prices for Tesas. But again, if you don't want to end up buying one yourself, then maybe you can win one.

Um for our Tesla giveaway. So appreciate your time. like always. let make sure that we in the year on a green note.

Take Care Team.

By Stock Chat

where the coffee is hot and so is the chat

21 thoughts on “Hertz is selling 21,000 ev’s for dirt cheap!!!”
  1. Avataaar/Circle Created with python_avatars @mrbing70 says:

    You're better off with a brand new Sur Ron XπŸ˜‚

  2. Avataaar/Circle Created with python_avatars @blakeaaron5698 says:

    Word to the wise – only buy a used Tesla direct from Tesla, or you forgo the warranties (at least this has been the case before).

  3. Avataaar/Circle Created with python_avatars @kevinronnie7891 says:

    EV cars overrated ! I used to have Tesla then Volt too much headache and they are like smart phones batteryand in snowy weather are worst . Then I end up with 2023 Hybrid Prius and I'm really blessed now . Finally got my family car .will buy my wife Hybrid Siena .I can see why Hertz wants to dump them

  4. Avataaar/Circle Created with python_avatars @richsolent8111 says:

    Why do you YouTubers get so close to the camera. Every detail, I can even see the pigmentation of your tonsils

  5. Avataaar/Circle Created with python_avatars @andrewkarp says:

    πŸ‘¨πŸ»

  6. Avataaar/Circle Created with python_avatars @dunktimetm6216 says:

    It’s only illegal to drive without insurance IF you get caughtπŸ˜πŸ˜‚πŸ˜‚ (i drive a pos🀣)

  7. Avataaar/Circle Created with python_avatars @simplej7409 says:

    After 150,000 Hertz sell all cars, gas or EVs. A regular process.

  8. Avataaar/Circle Created with python_avatars @justchilling_. says:

    Hertz stole $ from me, I'd love to short them and make my money back.

  9. Avataaar/Circle Created with python_avatars @debbiesmith1687 says:

    I think rental cars always sell the cars once they have been used quite a bit to make people happier to rent a new car. The fact they wont buy them in future is probably more interesting

  10. Avataaar/Circle Created with python_avatars @charleshewitt6180 says:

    Biggest mistake Hertz made was still requiring customers to top off the battery (80%) before bringing it back. The lines at the recharge station closest to the airports is insane. Should have just jacked the price of the daily rate a little and allowed the customer to bring it back with any charge.

  11. Avataaar/Circle Created with python_avatars @babukhanpathan8260 says:

    May be it’s time to replace $10k-15k battery

  12. Avataaar/Circle Created with python_avatars @sl5946 says:

    The battery is where you get screwed on this deal

  13. Avataaar/Circle Created with python_avatars @liventhemoment203 says:

    It's the batteries, after like I think 75k or 100k you need to buy a like 6k or 7k battery.

  14. Avataaar/Circle Created with python_avatars @OnionPacific94 says:

    Buying a used car from a rental car is one thing, and buying a used electric car is even more foolish decision. πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

  15. Avataaar/Circle Created with python_avatars @smitttysmith says:

    Hi Ricky,
    Do you think $GM is going to drop, based on weekly chart?

  16. Avataaar/Circle Created with python_avatars @erickminor says:

    Hertz is in trouble, Tesla is just an easy target to blame. I'm shorting HTZ.

  17. Avataaar/Circle Created with python_avatars @thebeardscape says:

    There are authorized tesla bodyshops outside of Tesla Inc. I looked at their prices. they're barely selling below or at market prices.

  18. Avataaar/Circle Created with python_avatars @markettrapstar says:

    yo im diggin the mustache ricky 😎

  19. Avataaar/Circle Created with python_avatars @karimbaroud9607 says:

    Ricky – I work in car rental business, these vehicles are not insured, hence the company repairs these units and tries to recover the cost after incurring the repair bill.

  20. Avataaar/Circle Created with python_avatars @jman4real871 says:

    But the question is HOW MANY ARE THEY KEEPING!!!???

  21. Avataaar/Circle Created with python_avatars @allwedoistwin says:

    Nice to know

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