EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Smartphones are helping filmmakers tell the stories the movie industry overlooks 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
AI can be a personal trainer in your pocket – but is it safe? 
The government is ‘doubling down’ on its social media ban. But bigger penalties for platforms aren’t enough 
Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings 
Super Micro Shares Slide After Taiwan Raids Over Alleged Nvidia AI Chip Smuggling Probe 
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
TSMC CoWoS Capacity Forecast Raised as Mizuho Sees AI Server CPU Demand Surging Through 2027 
Baidu Shares Rally as Kunlunxin Eyes $50 Billion Hong Kong IPO 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
Anthropic Restores Claude Fable 5 and Mythos 5 After U.S. Lifts AI Export Controls 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
Hertz's fire sale has dramatically reduced the prices of Teslas and other EVs to around $25,000, providing buyers with a unique opportunity to purchase inspected, warrantied electric vehicles.
Hertz Offers Teslas and Other EVs at Unprecedented Prices as Part of Major Fleet Reduction
According to Teslarati, Hertz, a rental car company, has continued to dispose of its electric vehicles (EVs) after announcing a significant departure from its initial electrification strategy. Hertz has reduced the prices of several of its electric vehicles (EVs), including Tesla and non-Tesla models, to industry-low levels as part of the sale. Consequently, the average price of many of its electric vehicles is now approximately $25,000.
After announcing in January that it would strategically reduce its EV fleet by approximately 20,000 vehicles, Hertz has endeavored to sell off Teslas and other EVs this year. As per a spokesperson, the company's electric cars are currently priced at approximately $25,000, with no haggling involved, as reported by CNBC.
"Our EVs can be found nationwide in most major metros and averaging around $25,000," wrote one Hertz spokesperson in an email to CNBC.
Hertz assures the quality of its sale vehicles, each undergoing a comprehensive 115-point inspection. The cars are also sold with a powertrain warranty of one year or 12,000 miles, whichever occurs first. The company offers a seven-day or 250-mile buy-back guarantee to enhance the buyer's confidence further. Additionally, purchasers can acquire upgraded vehicle protection programs that exceed the standard warranty.
Hertz's EV Selloff Includes Federal Tax Credits Amid Market Struggles and Executive Shifts
In addition to the incentives provided by individual states, counties, and municipalities, certain electric vehicles are eligible for federal tax credits of up to $4,000.
The news of Hertz's EV selloff results from an agreement first announced in 2021 between the company and Tesla for 100,000 EVs. This announcement was made just months after the company declared bankruptcy. It also coincides with a slight decrease in the growth of electric vehicle sales in the United States during the first quarter of this year, and Hertz also disclosed substantial losses in the first quarter.
Stephen Scherr, the former CEO of Hertz, resigned in March after the company announced that it would be selling a significant portion of its fleet. Gil West, the former COO of Delta Airlines and General Motors' (GM) self-driving division, Cruise, succeeded Scherr.
