
SEC Approves Bitcoin ETFs, Hertz Selling 20K EVs, Silicon Valley Layoffs
Bloomberg Tech
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Hertz's Decision to Sell 20,000 Electric Vehicles
This chapter discusses Hertz's decision to sell 20,000 electric vehicles after previously planning to purchase a large number of them, exploring factors such as depreciation, reduced resale value, and high repair costs. The episode also touches upon the impact of this decision on the EV market as a whole, including pricing pressure and challenges for car companies.
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