Hertz Buys 100000 Teslas $4.2B +50 000 for Uber. Avis expanding EV too

[EEVblog]

"One reason Teslas defy the high depreciation of the EV segment is because over-the-air software updates help keep even the older versions current. As such, consumers are likely willing to pay higher prices for the Model S and Model X than what they are willing to pay for other used luxury vehicles."

I find frequent updates to my gadgets to be a nuisance rather than a desirable feature. Go ahead and patch security holes but don't screw with the UI/UX. I've been burned so many times (not by Tesla but I don't own one) by updates that broke stuff that I'm extremely hesitant to update anything. Every time I do give in and let something update that breaks something or makes it worse it reinforces that feeling.

I did an update on my IONIQ. Worst thing I ever did.
They changed a ton of stuff that made it harder to use, and completely removed (as in GONE) a useful driving histogram display I had on the console all the time. I was pissed off.

[EEVblog]

Well, they are doubling down on their claims.

“As we announced last week, Hertz has made an initial order of 100,000 Tesla electric vehicles and is investing in new EV charging infrastructure across the company’s global operations,” she [Lauren Luster] said in an emailed statement. “Deliveries of the Teslas already have started. We are seeing very strong early demand for Teslas in our rental fleet, which reflects market demand for Tesla vehicles.”

https://www.cnbc.com/2021/11/02/hertz-says-teslas-already-started-delivering-cars-despite-musk-tweet.html
Musk tossing Hertz under the bus a bit here lol

Anyone can buy a Tesla on the website, including Hertz. They are bullshiting to make it sound like they have done a deal with Tesla which has vastly more PR value.

[james_s]

I did an update on my IONIQ. Worst thing I ever did.
They changed a ton of stuff that made it harder to use, and completely removed (as in GONE) a useful driving histogram display I had on the console all the time. I was pissed off.

It really burns me up when they rip out perfectly working features for no apparent reason. A while back I had to fight in my day job to keep a feature that was going to be removed because data showed it was rarely used. It may be rarely used but it was also fully working and had not required any work in a long time, so why invest effort to remove it? Even if only one customer finds it useful, it's already there, just leave it alone.

[EEVblog]

I did an update on my IONIQ. Worst thing I ever did.
They changed a ton of stuff that made it harder to use, and completely removed (as in GONE) a useful driving histogram display I had on the console all the time. I was pissed off.

It really burns me up when they rip out perfectly working features for no apparent reason. A while back I had to fight in my day job to keep a feature that was going to be removed because data showed it was rarely used. It may be rarely used but it was also fully working and had not required any work in a long time, so why invest effort to remove it? Even if only one customer finds it useful, it's already there, just leave it alone.

Youtube did that with Annotations.
I had hundreds of videos with technical correction annotations on them, all gone in an instant because they claimed hardly anyone used it.

[sandalcandal]

Hertz just re-listed on and did a $1.3B raise on the NASDAQ


Well planned hype, will see if they can execute.

[Bud]

Also, Tesla market cap has exceeded $1T and kept up there (so far). 

They will get totally wrecked in any market correction.

It is coming, baby, 17% down over the last week   

[wraper]

Also, Tesla market cap has exceeded $1T and kept up there (so far). 

They will get totally wrecked in any market correction.

It is coming, baby, 17% down over the last week   

Most likely it's because of Elon's twitter voting if he should sell 10% of his shares.

[Bud]

But that makes no difference to Joe The Investor who gives no shit to how Musk pays taxes, and actually clearly confirms volatility of Tesla stock ! Slightest negative news and it dives nose down.

[f4eru]

Doesn't matter in the grand scheme of things.

[EEVblog]

But that makes no difference to Joe The Investor who gives no shit to how Musk pays taxes

I watched part of an interview with him the other month, and he said he had paid circa 50% tax on exercising his share options or something.

[mikeselectricstuff]

But that makes no difference to Joe The Investor who gives no shit to how Musk pays taxes

I watched part of an interview with him the other month, and he said he had paid circa 50% tax on exercising his share options or something.

This explains it :

TL;DR he will owe a lot of tax when he excercises is stock options next year, so this sale provides the cash to pay that tax bill. The Twitter poll stuff was just Elon being Elon.