Hertz CEO steps down following Tesla and EV debacle costs company big

By Joey Klender Posted on March 18, 2024 Hertz CEO Stephen Scherr has decided to step down following the rental firm’s big bet on Tesla and other EVs went awry, as the debacle cost the company big. Hertz announced on Friday that Scherr would leave his post as CEO and a member of the Board …

Tesla China offers limited-time free paint upgrades for Model S and X

By Zachary Visconti Posted on March 17, 2024 Tesla China has joined other markets in offering limited-time incentives on its vehicles, including discounts on paint and more. In multiple posts on Weibo in the last few weeks, Tesla has noted that it’s offering special, limited-time deals on paint colors and insurance subsidies for its Model …

Tesla is no longer just a luxury brand, says major auto outlet

By Zachary Visconti Posted on March 16, 2024 One major automotive outlet says Tesla is no longer just a luxury brand, in part due to its unique pricing strategy over the past few years. In a column shared on Friday, Automotive News Executive Editor Jamie Butters laid out an update to a 2022 piece that …