Article By:
Tyler Durden
Sunday, March 17, 2024 2:40 PM EDT
CEO Stephen Scherr's barely two-year ride with Hertz came to a screeching halt on Friday. In his wake, he leaves a company still working to recover from a big bet on electric vehicles gone bad.
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.