Tesla takes a new route into rentals, turns up the heat on Hertz

Tesla, Inc. is making a strategic move into the rental‑car market, directly challenging Hertz Global Holdings, Inc.. As federal EV tax credits in the U.S. expire and sales pressure mounts, Tesla has started offering its vehicles for rent in Southern California (at locations in San Diego and Costa Mesa) at approximately $60 per day for three to seven days. Each rental includes no‑extra‑cost access to Tesla’s Supercharging network and optionally supervised Full Self‑Driving—a noteworthy incentive for renters. Plus, if a customer purchases a Tesla within a week of their rental, they receive a $250 credit. Meanwhile, Hertz, which previously ordered large fleets of Teslas to bolster its EV offerings, is selling off many of those vehicles amid declining demand and the shrinking resale value of EVs. The move signals Tesla’s broader effort to keep its vehicles moving (quite literally) instead of sitting in showrooms, while expanding into a different segment of mobility. #TeslaRental #EVMarketShift #HertzChallenge #MobilityInnovation #SlimScan #GrowthStocks #CANSLIM