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Bloomberg article about Tesla benefitting from high gas prices
https://www.bloomberg.com/news/articles/2022-06-28/uber-lyft-drivers-switch-to-teslas-tsla-as-gas-prices-squeeze-profit
Sorry about the paywall!
Hertz — one of the meme stocks of the pandemic whose price was driven up even tho in bankruptcy, and the participants did more than okay! — announced awhile back that they were going to buy a bunch of Teslas. They didn’t tell Tesla they were going to do that; it wasn’t a contractual program. It was, Hertz buying them just like a normal person. So that was interesting. Then they made a deal with Uber, to rent them monthly to Uber drivers. The story of an Uber driver renting one, and how that turned out is included in this piece. TL;DR high gas prices and happy customers made it more than worth while.
Also included: someone who looked at how much he was spending on gas, and decided that he could take that dollar amount, and throw it at a Tesla, instead of an ICE car. Shades of people moving into first ring suburbs, and justifying it based on gas savings, more than a decade ago.
Sorry about the paywall!
Hertz — one of the meme stocks of the pandemic whose price was driven up even tho in bankruptcy, and the participants did more than okay! — announced awhile back that they were going to buy a bunch of Teslas. They didn’t tell Tesla they were going to do that; it wasn’t a contractual program. It was, Hertz buying them just like a normal person. So that was interesting. Then they made a deal with Uber, to rent them monthly to Uber drivers. The story of an Uber driver renting one, and how that turned out is included in this piece. TL;DR high gas prices and happy customers made it more than worth while.
Also included: someone who looked at how much he was spending on gas, and decided that he could take that dollar amount, and throw it at a Tesla, instead of an ICE car. Shades of people moving into first ring suburbs, and justifying it based on gas savings, more than a decade ago.