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Insideevs
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Hertz's Tesla Fire Sale Continues As Depreciation Costs Mount
- Hertz is experiencing increased depreciation costs for its EVs, reaching $537 per car, per month.
- The car rental agency plans to sell off 30,000 of its EVs by the end of 2024.
- Used car buyers can purchase pre-owned Tesla Model 3s from Hertz for under $20,000.
- Hertz's decision to add EVs to its fleet resulted in high losses due to price drops and repair costs.
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