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SVTPerformance's Chain of Restaurants
Pics and Videos Buffet
The HARD TRUTH about EVs
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<blockquote data-quote="Weather Man" data-source="post: 17039057" data-attributes="member: 137766"><p>Hertz (<a href="https://seekingalpha.com/symbol/HTZ?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews" target="_blank">HTZ</a>) disclosed adjusted corporate EBITDA was -$567M in the quarter, driven lower mainly by a $588M increase in vehicle depreciation compared to a year ago, of which $195M related to EVs held for sale. Back in 2021, Hertz (<a href="https://seekingalpha.com/symbol/HTZ?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews" target="_blank">HTZ</a>) made a big bet on EVs, with an order for 100K Tesla (<a href="https://seekingalpha.com/symbol/TSLA?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews" target="_blank">TSLA</a>) vehicles.</p><p></p><p>CEO update: "Fleet and direct operating costs weighed on this quarter's performance... We're tackling both issues - getting to the right supply of vehicles at an acceptable capital cost while at the same time driving productivity up and operating costs down."</p></blockquote><p></p>
[QUOTE="Weather Man, post: 17039057, member: 137766"] Hertz ([URL='https://seekingalpha.com/symbol/HTZ?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews']HTZ[/URL]) disclosed adjusted corporate EBITDA was -$567M in the quarter, driven lower mainly by a $588M increase in vehicle depreciation compared to a year ago, of which $195M related to EVs held for sale. Back in 2021, Hertz ([URL='https://seekingalpha.com/symbol/HTZ?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews']HTZ[/URL]) made a big bet on EVs, with an order for 100K Tesla ([URL='https://seekingalpha.com/symbol/TSLA?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews']TSLA[/URL]) vehicles. CEO update: "Fleet and direct operating costs weighed on this quarter's performance... We're tackling both issues - getting to the right supply of vehicles at an acceptable capital cost while at the same time driving productivity up and operating costs down." [/QUOTE]
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