MINUTES AGO! Behind Secrets of Tesla Hertz Deal and Who Benefits

The WSJ reveals some interesting secrets behind the Tesla Hertz deal and says the car rental company has a secret business weapon: Taxpayers.

We all think that Hertz pays the same amount as Tesla customers pay for their Model 3 vehicles right? This is true, but the WSJ reveals another truth as well.

Quote from WJS.

"Tesla CEO Elon Musk says he isn’t giving Hertz a discount on the reported $4.2 billion order. But he doesn’t need to because the House reconciliation spending bill includes a 30% tax credit for “qualified commercial electric vehicles.”

"The text doesn’t clearly define what is a “qualified commercial electric” vehicle, but our sources say Hertz’s Teslas would likely make the cut. The credit could save Hertz $1.26 billion and make a Tesla almost as cheap for Hertz to buy as a Toyota Camry.

"Hertz plans to install thousands of electric-vehicle chargers, which could also be eligible for taxpayers subsidies. The House spending bill extends a 30% tax credit for the installation of EV charging stations through 2031, which is on top of the $7.5 billion appropriation for stations in the separate Senate infrastructure bill."

Also, this morning Hertz just announced today that it will be providing 50 thousand Tesla Model 3 units to Uber, in yet another surprising (somewhat) move that is shaking the ground for many driving platforms. It was a matter of time, as just by doing simple math the whole transaction absolutely makes sense from a TCOE point of view. And it is also a matter of time to see other similar companies following the same pathway.

#Tesla
#Hertz
#TeslaHertzDeal

This is Armen Hareyan from Torque News. Please follow us at   / torquenewsauto   on Twitter and https://www.torquenews.com/ for daily automotive news.


Reference
WSJ https://www.wsj.com/articles/behind-t...
https://www.torquenews.com/15475/pote...