The latest earnings report from Hertz (HTZ 0.83%) has brought attention to Tesla (TSLA 0.30%), as it revealed that the costs associated with Tesla vehicles are higher than expected. This news is significant because it challenges the notion that electric vehicles (EVs), particularly Teslas, are a cost-effective option for consumers.
In a video analysis, Travis Hoium discusses Hertz’s statement and explains why it implies that Tesla’s cost of ownership is higher than anticipated. This development is concerning for those who argue that EVs, including Teslas, will ultimately save consumers money.
It is worth noting that the stock prices mentioned in this article reflect the end-of-day prices on October 30, 2023. Additionally, Travis Hoium discloses that he holds positions in General Motors. The Motley Fool, which is mentioned in the article, both recommends and has positions in Tesla, General Motors, and Stellantis. The Motley Fool also recommends long January 2025 $25 calls on General Motors. The article concludes by stating that Travis Hoium is affiliated with The Motley Fool and may receive compensation for promoting its services. However, his opinions remain independent and unaffected by The Motley Fool.
