Tesla's Real Ownership Expenses Exposed: Troubling Information for Electric Vehicles

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【Summary】Hertz's earnings report reveals higher-than-expected costs for Tesla vehicles, impacting Tesla's cost of ownership. This challenges the notion that EVs, including Teslas, save consumers money.

FutureCar Staff Nov 01, 2023 9:22 AM PT

Tesla's Real Ownership Expenses Exposed: Troubling Information for Electric Vehicles

The latest earnings report from Hertz had some surprising news that directly impacted Tesla. Hertz announced that it missed estimates due to higher-than-expected costs on Tesla vehicles. This revelation is significant because it suggests that Tesla's cost of ownership is higher than previously anticipated.

In a video discussing this development, Travis Hoium delves into the details of what Hertz revealed and explains why it is concerning for the argument that electric vehicles (EVs), particularly Teslas, will save consumers money. This information challenges the notion that EVs are a cost-effective alternative.

It is important to note that the stock prices mentioned in this article are based on end-of-day prices on October 30, 2023. The video discussing Hertz's earnings report was published on the same date.