TECH - Tesla Less Appealing To Car Rentals? Europe's Sixt To Phase Out Tesla Cars After Hertz | Benzinga
Europe’s biggest car rental company Sixt SE, is reportedly phasing out Tesla Inc (NASDAQ:TSLA) EVs from its fleet for the same reasons as American car rental company Hertz Global Holdings Inc (NASDAQ:HTZ).
What Happened: Sixt is looking to reduce the Tesla vehicles in its fleet owing to the higher repair costs of electric cars as compared to combustion engine vehicles coupled with lower resale values, Bloomberg News reported, citing an email sent to customers.
Despite backtracking on the U.S. EV giant, the company still intends to electrify as much as 90% ...