[degrews]

I'm not surprised! Everyone is talking about the technical suitability of EVs as rental cars. But I don't think that's the main motivation.

On Turo (like Airbnb for cars), Teslas are unique in how disproportionately expensive they are relative to their purchase value. When I last checked, a Tesla Model 3 worth 50K would rent for up to $200/day. Compare that to a comparable $50K BMW which might rent for $80. I imagine the reason is that people just want to rent a Tesla to see what all the hype is about.

Also, rental companies only keep their cars for about a year, so this situation doesn't have to last long for it to be profitable for Hertz.