Hertz’s bold bet on Tesla electric vehicles has turned into a financial nightmare, with a staggering $2.9 billion loss. The once-ambitious promise of 100,000 Tesla orders has now become a cautionary tale of over-ambition. The rapid depreciation of Tesla vehicles and the shortcomings of the public charging network have exposed the vulnerabilities of Hertz’s electric vehicle strategy. Isn’t this a stark reminder for those who chase green initiatives without considering the realities of the market?
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