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Who Wants 30k Used Teslas?
Hertz decided to unload its fleet of the electric vehicles. For some drivers, it has been a disaster.
At the start of the year, after Hertz announced it was selling off its fleet of Teslas — backtracking on a plan to buy up 100,000 of the electric vehicles — the news sounded good for Bijay Pandey, a 34-year-old self-employed data worker in Irving, Texas. The run of high-profile disasters began more than four years ago when the rental-car company went into bankruptcy during the early weeks of the pandemic, weighed down by $19 billion in debt and facing a global pause on travel. A side deal renting the EVs to Uber drivers — who often have to drive hundreds of miles a day to make a profit — wore down the cars even more, which also weighed down their resale value.
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