Oh, and BTW, FYI, it's up $115 today, closing at $1024.86. Full disclosure: I own a whopping 20 shares, and plan to skedaddle somewhere between here and $1200 to rest a while.
Buy in to Gamestop. You won’t great it once MOASS happens.
I may order a 100,000 Teslas, the stock goes up, I cash out and cancel my order.
Where will all this New Electricity needed for these cars come from??
And who is supposed to service these 100,000 vehicles exactly?
Can you imagine the backlog in repairs....
Isn’t Hertz in bankruptcy?
Isn’t this like Pan Am placing an order for 787s?
interesting...
100k would be nearly 1 in 4 of Hertz rental cars....
While am purely electric car may be fine for commuting, which I am sure a lot of Rentals are for... just airport to hotel, to clients, back to hotel, back to airport.
I highly question this long term. With 8-10 hours to fully charge from dead a tesla, vs < 10 minutes to fully fill an empty tank, you are taking a really big turn around time hit.
I am sure most renters won’t fully drain the battery, just like most don’t fully empty the tank.
We will see how this all plays out, I am sure a good bit of the rental car industry can be serviced fine by niche commuter vehicles.... maybe 25% of their fleet is the right number for them.
However in terms of main stream, until there 300-400 minimal mile range highway, regardless of exterior temperature, and 5-10 minute recharging, and infrastructure to support it... purely electric remains a niche commuter vehicle.
Musk will pay for the “infrastructure” bill?
Battery-powered vehicles will have to be put on the market by car-rental companies a lot quicker than they do ICE vehicles.
Batteries start to lose capabilities for holding charges after about a year, which means that, the company will be selling those vehicles a lot sooner than their ICE cars. And, ‘re-fueling’ an EV after the battery dies, will cost 5-20 thousand dollars, if one were to want to keep that car. I’m thinking that not too many will want to buy a used EV after 3 years of usage on the battery; so, to the used-car sales lots they go, and good luck to those that purchase them.
With the federal government subsidizing EVs, it’s possible that Hertz was also able to secure a deal for subsidizing their purchases. Teslas are not cheap, and every little bit helps, and the American tax-payer is paying for something that they didn’t agree with.
Biden and democrats and Tesla and Hertz, will be using the Hertz purchase for marketing the heck out of ‘going green’ and helping the climate’. John Kerry will be one of the faces appearing on the ‘going green’ commercials.
Tesla up over 12%. They announced a 5-1 stock split in August 2020 when it was about $1,300 so maybe.... another one?
If they do I will buy as the last time it went in 3 weeks to about $2,100 then split and then doubled in price by January 2021.
So far,battery cars have been an expensive government generated farce...
And now Hertz has to find the power to charge all of them sounds costly. Preteen Lithium miners rejoice, you are going to have even more hours in the mines !😃
Now Tesla needs to re-style their cars to look like Ford Tauruses.
Say no to Ford and Government Motors.
How much is the US taxpayer paying for each of those cars. I believe the government subsidizes them.
The Pilot station near me is putting in charging stations and Sheetz was just torn down for a new store and it will also have charging stations.
The free market/aftermarket will work all of this out.
10 years from now all of you luddites will be saying how much you love your EV...especially when you install home charging stations from solar panels and you get your power for free