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CAR - Hertz's Buy From Tesla Is A Catalyst The Market Is Missing
Avis Budget Group Inc.
Hertz has ordered 100,000 Model 3 sedans, worth about $4 billion.
While no discount was received, the firm should receive significant tax credits.
Those credits, plus lower depreciation, make the Model 3 purchase extremely economic for rental fleet use - especially given the current vehicle shortage.
Large order with short expected holding time may affect future resale value of Model 3.