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This article doesn't mention that, apparently, Uber drivers are renting or leasing cars from Hertz. Hertz markets this to Uber drivers.[1] This is apparently terrible for Hertz. Uber drivers put a lot of miles on the vehicles. Plus, Teslas are expensive to repair. On top of that, the auto rental business is a speculation in used car futures. That's why it hurt Hertz when Tesla reduced prices.

This all reflects on Hertz's accountants, who should have seen this coming.

[1] https://www.hertz.com/rentacar/misc/index.jsp?targetPage=ube...




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