Hertz

“Hertz had a problem coming out of their restructuring that they had too many Teslas. It wasn't only that people didn't want to rent Teslas. I think people found Tesla's interesting to rent. They're great cars. The problem was the residual value was much worse …”

“We put in ten billion dollars into the ecosystem across dip, secured, securitized product, pref, buying a business out of the platform.”

“That being said, a lot of this was a residual value story, and the fact that Musk was reducing, Musk and Tesla was reducing the cost of EVs to be better for consumers is a good thing for them, but for Hertz and some of these kind of fleet customers, if someone…”

“We have all the large rental car companies are our customers, Enterprise Hertz, Avis Budget, Sixth, et cetera.”

“Today, Hertz is primed to do very well because they have far fewer cars and people want to travel like it's, you know, the end of the world.”

“Within 13 months, we became number one leapfrogging Hertz, which had become the equipment rental, which was the number one equipment rental business in 1965.”

“They're not getting chosen based on how nice it feels when you slam the door and, you know, the diamond cut chamfered edges. They're getting bought in the same way that Hertz buys cars, and they're getting bought in the same way that a big company buys PCs. Th…”

“In this case, we help them to get a new customers on board and running through campaigns. And track everything on the process and have a full trackability on how these campaigns are going, or basically managing their sales teams like you do with your.”

“Actually, I got the head of Hertz to donate rent-a-cars, so we had five rent-a-cars, and we were going to send two people in each of them off to interview these folks, so they would each take parts of the country, and they would drive from campus to campus and…”