'Really Happy With My Tesla:' Italian Rally Driver Clocks 236K Miles On Model S Over 6 Years With Nearly Zero Maintenance
Portfolio Pulse from Anan Ashraf
Italian rally driver Piero Longhi shared his positive experience with his Tesla Model S, having driven over 236,000 miles in 6 years with minimal maintenance. This counters concerns about high EV maintenance costs, particularly for Tesla, which has faced scrutiny over repair costs and a DOJ investigation for exaggerating vehicle range. Meanwhile, Hertz Global Holdings Inc plans to reduce its Tesla fleet due to high repair costs and low resale value, opting for EVs from other manufacturers with cheaper parts and established supply networks.

December 27, 2023 | 11:00 am
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Hertz Global Holdings Inc plans to reduce its Tesla fleet due to higher repair costs and low resale value, indicating a potential shift in its EV strategy.
Hertz's decision to scale back on Tesla vehicles and opt for other manufacturers' EVs due to cost concerns could signal a strategic shift that may negatively impact Tesla's future sales to rental fleets and potentially affect Hertz's stock as it adjusts its EV offerings.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Piero Longhi's positive experience with Tesla Model S over 236,000 miles with minimal maintenance may improve public perception of Tesla's maintenance costs and reliability.
The positive testimonial from a high-mileage Tesla owner could alleviate investor concerns about the brand's maintenance issues and repair costs, which may positively influence Tesla's stock in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70