The Hertz Situation Gets Worse…

⚡️ Stop piecing together what a PR is doing file by file because Change Stack gives you the whole picture upfront with one click blockers, agentic chat, and full explainability on every change! ➡️ Check out CodeRabbit using my link: https://coderabbit.link/logicallyanswered Hertz made one of the biggest bets on electric vehicles in the rental car industry. It bought tens of thousands of EVs right as prices were near their peak. Then repair costs climbed, demand disappointed, resale values collapsed, and Hertz started dumping barely used Teslas for massive losses. Somehow, that was only the beginning. Hertz later embraced AI scanners that can automatically detect vehicle damage and bill customers without human review. Some renters ended up facing hundreds of dollars in charges over tiny dents they could barely see. Meanwhile, Hertz is sitting on roughly $18 billion in debt, spending hundreds of millions on interest, and facing questions over how it represented its liquidity to investors. The company even had to raise more debt just weeks after suggesting its cash position was improving. To make the whole story even stranger, used EV prices eventually rebounded after Hertz had already sold off much of its fleet. Hertz managed to buy near the top, sell near the bottom, take massive depreciation losses, and end up in an arguably worse financial position anyway. This is how one of America's biggest rental car companies went from bankruptcy comeback story to a company increasingly defined by debt, controversy, and a long list of questionable decisions. LinkedIn: https://www.linkedin.com/in/hariharan-jayakumar-silo Instagram: https://www.instagram.com/hariharan.jayakumar/ TimeStamps: 0:00 - Hertz Downfall 1:06 - The EV Gamble 7:19 - Code Rabbit 8:59 - Every Scratch is Money 12:17 - “Soft Market” Sources: https://pastebin.com/zFh3xETX

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