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welti

94 Posts.

21

23/01/24

07:41

Post #: 72012680
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Originally posted by miniminor25: ↑

The Hertz sell-off is not understood by many. Yes, the high repair costs they stated are clearly a valid issue. However, the less understood problem is the depreciation impact. Hertz didn't anticipate Tesla's prices to drop significantly in the two years since they acquired them. As the prices have fallen, Hertz needs to revalue the Teslas on their balance sheet. With reduced resale value, Hertz must depreciate the vehicles more to align the book value to the market value more accurately, resulting in a greater loss. Ultimately resulting in a loss in their profit and loss statement. Repair costs will decrease over time too with rising demand and sales.

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And imho incidentally, the used car market is also slowly increasing as a result.The "average" people are getting a cheaper entry into a newer generation of electric cars. The lack of supply of used electric vehicles is still a problem that is holding back their arrival in the centre of society. Imho its not only negatives.

RNU Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
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Last 8.8¢		Change 0.001(0.57%)		Mkt cap ! $222.3M

Open	High	Low	Value	Volume
8.8¢	8.8¢	8.6¢	$136.9K	1.568M

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No.	Vol.	Price($)
1	190	9.1¢

Sellers (Offers)

Price($)	Vol.	No.
8.2¢	24954	3

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No.	Vol.	Price($)
1	190	0.091
1	16282	0.090
2	5130	0.089
2	8373	0.087
13	1850916	0.086

Price($)	Vol.	No.
0.082	24954	3
0.087	3500	1
0.088	258654	2
0.089	287715	4
0.090	228689	3

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