Hertz's Bet on Teslas Went Horribly Sideways

Re:Hertz's Bet on Teslas Went Horribly Sideways by tootie on Thursday April 04, 2024 @11:53AM (#39932005)

The story has been that Tesla is losing market share even as EV sales rise. Early adopters were happy to buy in to a truly unique experience with a funky-looking vehicle and a complete rethinking of interiors and controls. Meanwhile, Kia, Hyundai, VW are producing EVs that just kinda look and drive like normal cars and the bulk of market prefer that. And that's indirectly causing backlash on Hertz because the drop in prices is what killed the financially viability of their deal. This is less about EVs being a bust and more that they put all their eggs in one basket and forgot to keep them warm.

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Re:Hertz's Bet on Teslas Went Horribly Sideways by Kon-Peki on Thursday April 04, 2024 @12:23PM (#39932497)

> Meanwhile, Kia, Hyundai, VW are producing EVs that just kinda look and drive like normal cars and the bulk of market prefer that.

Kia.com -> View Inventory -> within 50 miles:

EV9 = (263) 246 Available, 17 Arriving Soon

EV6 = (153) 151 Available, 2 Arriving Soon

Niro EV = (39) 38 Available, 1 Arriving Soon

They all have $XXXX discounts on them. I'm not sure the market is falling all over itself to buy them.

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Re:Hertz's Bet on Teslas Went Horribly Sideways by bobthepanda on Thursday April 04, 2024 @01:07PM (#39933124)

I think Kia and Hyundai are dealing with reputation damage after their cars were so easy to steal for a couple years.

https://www.cnn.com/2024/01/04/business/hyundai-kia-thefts-i...

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Re:Hertz's Bet on Teslas Went Horribly Sideways by nblgbg on Thursday April 04, 2024 @01:24PM (#39933377)

Its not completely true. Check their popular gas models like telluride etc, you still have to pay above MSRP or some crap accessories to get the cars. They are selling gas cars extremely well.

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Re:Hertz's Bet on Teslas Went Horribly Sideways by p_j_w on Thursday April 04, 2024 @01:44PM (#39933623)

GP was talking about market share and you're talking about inventory. You may be right that GP is wrong, but the data you're sharing doesn't say one way or the other.

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Re:Hertz's Bet on Teslas Went Horribly Sideways by Spooky23 on Thursday April 04, 2024 @12:32PM (#39932643)

How’s the Tesla shipments going?

The industry saturated the market, which will lower the prices. People will buy them cheap. Market at work.

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Re:Hertz's Bet on Teslas Went Horribly Sideways by tootie on Friday April 05, 2024 @09:19AM (#39942012)

We're not at saturation exactly, sales are growing but growth has slowed and competition is much stronger. It's entirely possible Tesla has peaked and won't recover but that's speculation. I'm still confident EVs will be all or nearly all cars on the road in the near future but it's going to be more like 20-25 years than 10.

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Re:Hertz's Bet on Teslas Went Horribly Sideways by Spooky23 on Friday April 05, 2024 @10:00AM (#39942482)

Personally, i think they’ll be 30-40% of cars.

I think we’re entering a trough where the artificial incentives start to lose their effect and we really figure out what the market needs and navigate the FUD as we “digest” some of the lousy early cars.

We’re still early in the market and tech breakthroughs make it unpredictable — Tesla’s survival is probably tied to delivering those.

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Re:Hertz's Bet on Teslas Went Horribly Sideways by tootie on Friday April 05, 2024 @12:12PM (#39944152)

The deciding factor is going to end being politics. Democrats will continue pushing mandates and Republicans will try to block or undo them.

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