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Hertz's ambitious investment in 100,000 Tesla vehicles has led to significant financial setbacks. The company reported a $2 billion loss in Q3 2024, primarily due to a $1.55 billion non-cash asset impairment from decreased fleet residual values.
 

This situation highlights the challenges of fleet electrification and the rapid depreciation of electric vehicles.
 

👉 Click to learn more about Hertz's financial challenges and the future of EV investments.

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