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To: grey_whiskers
What is the average utilization of a rental car?

I don't know, lifted my estimates of profits to Hertz from online analysts who crunched the numbers. I'm middle-of-the-road regards the war between pro-EV and pro-ICE warriors. This arguing reminds of spats between fans of sports teams, or between PC and Apple fans, etc.; it's not all black and white but shades of gray.

I have rented cars and know the rental companies make killer profits from renting them. I have relatives who think nothing of plunking down a couple hundred a day and more to rent a luxury car. Hertz can buy these Tesla cars, and sell them after two years for more than what they cost (because of supply not meeting demand). This announcement shouldn't have affected the Tesla stock price purely from a sales standpoint, as Tesla has high demand that outstrips their ability to produce the cars - the 100,000 cars would be sold even if Hertz did not order them. It's purely psychological, that reinforces the notion that Tesla is growing.

Although I own an EV, I don't think EV's will capture more than 25 percent of total vehicle sales even after 15 years. I do own Tesla stock as part of my portfolio, and it has earned ten times my initial investment and has yet to peak, with growth similar to Apple, Amazon and others that I invested in.

119 posted on 10/26/2021 12:01:34 PM PDT by roadcat
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To: roadcat

In other words, you are now rich have no use for the rest of the country who is not taken in by the supposed status of these overhyped piles of ecological disaster.

Typical.


120 posted on 10/26/2021 12:14:26 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change with out notice.)
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