Want to Rent a Lemon?

Hertz just fired its CEO for one single, awful business decision. He is taking the fall for Hertz’s decision — on his watch — to buy 100,000 electric vehicles from Tesla, all for the American fleet. To say the decision was a flop is putting it mildly.

Hertz has about 3,000 domestic locations, and a fleet of about 430,000 cars, SUVs, and minivans. Each location obviously ranges widely from high volume to low, so this estimate won’t be exact, but that works out to about 35 E.V.s per location.

When announced a few years ago, this decision that almost a quarter of their cars would be E.V.s looked either “bold” or “reckless,” depending on your point of view.

Read more at “Want to Rent a Lemon? How About 100,000 of Them?”

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