Hertz's bet on Tesla, once seen as a forward-thinking move in the electric vehicle market, has backfired due to shortcomings in charging infrastructure and management strategies.
The company's losses in the first quarter of the year highlight ongoing challenges with its electric vehicle fleet, prompting a shift towards reducing its EV inventory significantly.
Critics have pointed out that even with significant investments, lack of adequate charging stations has hindered Hertz's ability to effectively support and maintain its electric vehicle collection.
Despite earlier enthusiasm and plans for expansion into electric vehicles, Hertz is now compelled to reduce its reliance on Teslas and move towards a more balanced fleet strategy.
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