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https://fortune.com/2023/10/27/tesla-elon-musk-hertz-evs-rental-price-wars-q3-earnings/
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Hertz helped turn Tesla into a $1 trillion megacap stock. Now it’s become collateral damage in Elon Musk’s price wars - Fortune
10/27/23 at 12:23pm
Organization
Fortune
Author
Christiaan Hetzner
Details
49 words
Summarize
Business & Industrial
Hertz
Autos & Vehicles
Tesla
rental agency
write-downs
Elon Musk
EVs
The rental agency catapulted Tesla into the megacap space, but repair costs and salvage write-downs on its EV fleet caused Q3 profit margins to halve.
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