Article By:
Tyler Durden
Saturday, January 13, 2024 1:40 PM EDT
The bad news just keeps stacking up for Tesla. This week it was announced the company was shuttering production at its Berlin plant. To cap off the week, Huawei is now aiming to pull ahead of Tesla in the race for autonomous vehicles.
Hertz Hurting From Electric Vehicle Impact
I agree. EVs with lithium-ion batteries are NOT environmental. Nobody wants to wait 3+ hours in unfamiliar area charging while traveling. Opposite of convenient (why people rent in 1st place). Theft/robberies occurring at charging stations. EV maintenance costs higher than ICE or hybrid. Bearish on $HTZ.