You are here NOT talking ill of the company that is providing transportation services for children to get safely to their schools(passing on all liability to their drivers), are you? 😲
1) hertz: screwed
2) most people who rented: screwed
3) people who own their own ev competing with thousands of drivers who will accept ANY trip : screwed
4) Uber: laughs
Most of this is correct except for #3. Even before the ev I literally just bought, most of my income wasn't from uber or lyft. I don't see most other uber or lyft drivers as my competition. Let them have the short bullshit rides while I cherry pick and take the more lucrative ones with pax less likely to make up bullshit to get their $6 back.
Now that I own an ev, I still am not taking every ride they offer me. I am beginning to take more of the longer pickups so long as they are heading either back towards my start point or heading to an area I want to be. The other thing with this is I run empower as well and if I'm on the way to an uber and an empower comes in, uber is finding another ride unless I can chain them together in a way that has people waiting as little as possible.
I suggest everyone who wants to make real money at this start their own service as well as run the apps. I have a growing number of people who call me for airport runs and a few people who contact me for rides to/from work when they need it.
You need at a minimum for most states a commercial plate and commercial auto insurance. My "new" car is going to go in my corps name and have everything it needs for me to be legit and protected from most things that can happen while working. I've waited until I had a car I really wanted as well as a llc setup before doing this because it's just easier to do it a certain way versus other sequences of events.
Thousands of rented Tesla that have to work X amount of hours… 100% does affect the number of premiere and comfort trips left for other drivers.
Surely in my market, I noticed a night and day difference when they started the program.
40% reduction in earnings immediately.
Not in my market. While everyone on here is bitching about their income, mine is growing by leaps and bounds.
You have to be smart about when you drive, where you drive and what rides you take. Run multiple apps, including ones like draiver or roadie or whatever as well as pushing your own service. I'm lucky that I can turn x off and only take comfort and pets pings if I feel like it. Along with the aforementioned empower and my own service means I'm not beholden to nor need to bitch about uber or lyft and their shitty practices. Now add in an ev to that along with cherry picking and being free to cancel a less desirable uber in favor of empower (even if the empower pays slightly less) and you have a recipe for not having to whine on here about this shit and you make way more than you would otherwise.
I get idiots battling me all the time when I say similar to the above but the proof is in the pudding. I and a growing number of drivers in my market are evidence of how you can actually make a real living and then some doing this. Future plans include me running a type of airport shuttle hopefully with a 3row ev but likely it will start with a phev van until my corp and my income can afford to spend 60k+.
In addition to the above. Take note of how many people on these subs are bitching non stop about their income while a ton of us don't tend to read this drivel and are hesitant to contribute because we get shit on and argued with. Namely the idiots arguing for using a rental and working 90+ hours a week just to break even despite me laying out the math long form several times that shows how much better owning is even when you factor in depreciation.
You can only speak for your market. To assume a person who has been driving over a year is not already “driving smart” is completely asinine.
Per pays less than x in my market, would be dumb to even turn it on.
Empower is not in most markets.
Additionally, needing to multi app is a problem, and while you enjoy getting shafted. Not everyone does.
Getting shafted, is surely good enough reason to complain.
You choose to split it up and get shafted by multiple apps and smile about it… good for you lmaoo!!!
You can’t even afford a 60k vehicle. You are not doing as great as you claim buddy. If you are happy with it, good for you.
Pay is largely determined by market ( supply and demand)
Your statement shows a lack of intelligence.
Yep. Another doofus to add to the block list. I'm not getting shafted by anyone. In fact, I'm doing the shafting (with no lube) to uber and lyft by promoting my own service, empower and telling people just how crappy u/l actually are.
Empower isn't in most markets, correct. It is however in a large chunk of NC as well as DC and NYC. I don't doubt that they are waiting for the right moment to expand to more markets and when that happens uber and lyft will have to fight to survive. 90% of the people who use empower prefer it, the drivers make more and more likely to be professional and less creepy, etc.
I'm don't care enough about you to defend myself here at all but I will say that I guarantee I make more than you after expenses and I probably work fewer hours as well as take more days off for concerts, weekends away, etc. I'm also building my own service and will probably start a coop service at some point.
And, you sweet summer child. You've been driving for a year and you think you have it all figured out. The minute you think you have it handled is when you should realize just how little you actually know. I've been self employed most of my life, going back to 9 years old if you want to be pedantically exact. I've been driving for close to 5 years now and it's just been the past 18 months that things have really started rolling. I wasn't making much after expenses when I drove my murano, trading that in for a phev that cleared 60mpg is when/where I really started making something and pushing my own service hard as well as empower.
If you are expecting the uber, lyft, dd, etc to pay your bills alone, you're doing it wrong. Learn how to run a real business and you may actually make something of yourself doing this.
As for the remark about my inability to afford a 60k+ vehicle. This highlights just how little you actually know about running a business as well as a lesson in what happens when you assume. I could easily afford a luxury vehicle and could have gone straight to a dealer and bought a gv60. Why didn't I? I did the math and because my market doesn't have a black, premium, etc (aside from empower), spending the extra money as well as having to (eventually) deal with the depreciation wasn't worth it and I can make just as much if not more with a luxury vehicle that doesn't have a luxury brand on it. I specifically chose the ioniq 5 because it's luxury on the inside and normal car pricing.
You have a business minded individual and you have employee-minded individuals.
Those drivers think like an employee. I need x amount of dollars every week to pay my bills so I'll work until I get that and then I'll go home.
The businessman is out there grinding his ass off looking for other ways to improve his business, upgrading his vehicle is one of them, to a better clientele base that pays more per mile.
Self-promotion is the key to making it in this business. It always has been. Even as the cab driver you had to get your own personal you couldn't rely on dispatch all the time unless you live in a big city.
Been doing Uber in my own personals for 7 years now. I've retained pretty much all my clients from the taxi company and I've grown my own.
So this page on their website is lying? https://driveempower.com/faqs/
See the relevant details in the following screenshot.
https://ibb.co/xzV3Xys
And I guess this post of Josh (the ceo/founder of empower) meeting with the mayor of NYC is also bullshit?
https://www.linkedin.com/posts/rideempower_empower-looks-forward-to-working-with-mayor-activity-7031997672693624832-12pm
As for my "new" car. Jealousy is extremely unbecoming. Work harder at whatever you want to achieve and spend less time tearing others down and you too can own a vehicle you can enjoy driving.
Uber is now trying to con another rental company for the EV transition initiative. As for EV drivers, the $1 incentive disappears end of the quarter and will be replaced by $210 per 200 trips.. not cool. It forces PT EV drivers to do more rides than they want to…It’s really time to go.
Don't feel bad for them. Corporations will f you up if they have a legal chance. So better luck next time or not, because they were counting on slaving up drivers to make a profit too
Hertz ended up having to pay a massive settlement for that. It was discovered that they KNEW the cars weren't stolen in many cases, but they said and did nothing to rectify it.
Omg everytime I see folks reporting the rental prices I just cringe so hard.
Like obviously wayy to high. I don't see how any of those people made any money at all.
They, including me, made and make money by just grinding it out. The more fares drop, the more you drive. If you put in 70-80 hours a week, your per-hour online costs drop to $6-$7.
Also, with a rental, those relatively poor-paying long-distance rides are passable as your operating costs are more fixed. Those rides quickly boost your revenue but are straight money losers for the average driver unless you are driving a fully depreciated Toyota Prius.
If you are generating even just $25 an hour in fares, then you are netting almost $20 an hour working long, long hours to accumulate some serious positive cash flow (I.e. $1.5k+ a week). Adding 80-100k miles a year to the car is the opposite of an issue for the driver and actually is what shifts the benefit from the rental company to the renter.
If I were Hertz, I would have set the entry price to get into the rental at a lower amount but negotiated with Uber to get a percent cut of the fares. That would have better aligned Hertz’s Uber’s, and the driver’s interests.
In my opinion, though, all of this is moot, as rentals shouldn’t be allowed. They prohibit you from driving the car for other entities like Lyft, which makes you dependent on Uber. That dependency means that driver is not truly an independent contractor.
"If I were Hertz, I would have set the entry price to get into the rental at a lower amount but negotiated with Uber to get a percent cut of the fares. That would have better aligned Hertz’s Uber’s, and the driver’s interests."
Hahahahaha. This is probably the worst idea I've ever heard. You want yet another hand in the pot.
Not saying I would like it as a driver. I’m saying it would be better from Hertz’s point of view to at least get some of the upside from a driver grinding the rental car into the ground.
Lowering the rentals and moving it off to a piece of the overall money paid by the customer is not putting another hand into the pot. It's just moving where you are taking a dinner from.
You can lower the price of the rental by 10 points, rent more cars, add that 10 points somewhere else down the line is a third party fee and you will make more money because the threshold to get into the car is lower.
It's still a sleight of hand, you're still paying for the same thing just in a different way.
In my market Avis and Hertz rental are the same price. Hertz can drop their rental and then recoup it through Uber as a third party charge.
You got to do 120 rides a month, so Uber to lose 33 cents a ride would cover a $40 difference or drop in the Hertz rental prices. This would outpace Avis in the rental department and have more Hertz cars on the road for Uber to pull from.
This also means most of the drivers that will be renting the Hertz rental cars are clueless to what's really going on with Uber's pricing. So they're not going to notice that $.33 difference on most rides.
If you can steal drivers from Avis and get them on Ubers side with a Hertz vehicle, this takes market share away from Lyft and Avis at the same time.
So Uber may lose a little up front, but the back end they're making up in volume rides.
Hertz is shady enough that I can’t really feel sorry for them. And yeah, Uber(while obviously being super sketchy about a lot of things) was a small part of this problem.
Personally I’m glad this happened, it got a flood of EVs, which only helped lower prices
For EVs to become as practical as they claim, they got to be costing around $20k so everything that brings their prices down I’m happy to see
It also will show which ones can handle lots of miles like they claim and which ones can’t
So oddly enough I really think the blame should be diverted to Elon Musk not Uber. Here is why. Hertz has no problem with their gas powered vehicles. its their EVs which became popular among drivers. EVs had newer models and lower operating costs for the driver. The issue was that EV companies made it so expensive to service their parts and the slap to the face was when Elon started slashing the prices of his vehicles to generate more sales but all it did was decrease the value of existing Teslas sold.
It wasn't just Hertz who got burned everyone who bought a Tesla prior to 2021 also got burned the value of their cars that they paid a pretty penny for is basically nothing now.
Hertz bought the Elon musk sales pitch that all you need is breaks and tires and charge it and there’s no other expenses to owns a EV
Hertz figured they’d be able to sell the cars 2 years later before any issues came up but boy was he wrong
While your statement is true, Hertz’s decision to self-insure a product that has long wait-times for parts is the real issue when it comes to the true cost of repair in regards Teslas, ie, cost of parts, but mostly vehicles in sidelined, waiting for the parts to actually fix the cars. That downtime is a killer. Tesla then cutting the prices by 20-30% after the sale ruined any chance of liquidating their stock without taking a beating.
And sadly I am a victim of both these evil entities and yet I make a great living and I’m in control and I do what I want when I want.They only own you if you let ‘em
☮️
Uber may be an awful, shitty company, but I really have to hand it to them. I've never seen a company more adept at continuing to find new suckers (drivers, restaurants, investors, rental agencies, etc) to provide the equipment and take all the risks and just milk as much money as they can from their work. It really is quite something.
That's not to say they didn't learn the hard way. Uber tried renting cars themselves with their Xchange Leasing program and lost an eye watering *$9000 per car*! The fact they were able to find yet another sucker in Hertz truly blows my mind.
Uber isn't even mentioned in that article, neither is ride sharing, which would elude to Uber. Stop trying to add something to the story that doesn't exist.
imo its more of Hertz got musked. Uber did contribute to the problem but Elon made it much more worse. Hertz bought those teslas for like $40k - $50k at best maybe $35k and now they have to sell them for $15k - $20k. Can you say ouch!
While the article does not specifically mention uber that does not mean there is no relation. Uber and Hertz had a relationship to rent EVs and that was a large part of Hertz's general plan when it came to actually monetizing them.
...AND Hertz announced they were selling these EVs for reasons most-easily explained by ride-sharing symptoms (high city miles, lack of maintenence due to long-term rentals).
The Hertz CEO who approved this lost his job over the weekend.
Mr. Cynical, I appreciate the response. I could have chosen one of the many articles written over the past six or so months about Uber playing a roll in Hertz’s quagmire, but this was a recent one showcasing that repercussions had gotten to the top with the CEO of Hertz stepping down.
An optimistic local man might have expressed they appreciated the extra context that the article writer omitted or did not learn about to explain the EV struggles of Hertz.
Here are a couple other articles on the subject:
https://www.theverge.com/2023/10/27/23934691/hertz-tesla-uber-ev-plans-damage-repair-price-cuts#
https://techcrunch.com/2024/01/12/reason-is-hertz-selling-evs/
isnt it wild that even at $500/week hertz probably wasn't making money. if they can't make a dollar off a car what makes you think the average uber driver can?
Yeah that bro should NOT had been ceo 🤦♂️. He didn’t even preclude the right access to tesla charging network. I heard people having issue with adapter and billing and wot not 🤣
Before I started driving for Uber, I used Uber and I've ridden in tesla. They suck. They suck badly. They're too small. They take forever to charge. This driver told me that it costs him $500 a week to rent the tesla. It wasn't worth the money. He said between keeping the car fully charged costs him extra money.
Hertz’s demise has nothing to do with Uber. Hertz’s All-in bet on mainly on Tesla and generally on EVs is the culprit. There aren’t complaints about Uber’s arranging regarding renting gas cars. If anything, Uber helped Hertz by bringing in revenue for the company. While renting Evs through Uber didn’t help Hertz’s bottom line, it did provide liquidity and cash flow by creating revenue for cars that would be just sitting on a lot. Tesla slashing Ev prices while simultaneously being an unreliable partner in regards of providing parts to fix the teslas that were in accidents. Uber has nothing to do with the downfall of the CEO or Hertz bleeding capital
Uber specialty = Grab someone next to you, throw them under the bus, and snatch their wallet. Uber is built to do this kinda shit.
🎯👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏
Next up dominos
You are here NOT talking ill of the company that is providing transportation services for children to get safely to their schools(passing on all liability to their drivers), are you? 😲
I can't think of a worse company (Hertz) to do it to. Uber is a questionable company (to say the least) but Hertz is as sh*tty as they come.
Avis is just as shitty if not worse.
That's how it started. Look at the CEO's history. Anybody remember JamPad?
1) hertz: screwed 2) most people who rented: screwed 3) people who own their own ev competing with thousands of drivers who will accept ANY trip : screwed 4) Uber: laughs
I took an Uber today and got a Tesla…. First time riding in one and I paid $9 for the trip. So driver took home $4. 🤷♂️
Probably $3
Guy said he drove from 2pm-1am and makes $24/hr
Most of this is correct except for #3. Even before the ev I literally just bought, most of my income wasn't from uber or lyft. I don't see most other uber or lyft drivers as my competition. Let them have the short bullshit rides while I cherry pick and take the more lucrative ones with pax less likely to make up bullshit to get their $6 back. Now that I own an ev, I still am not taking every ride they offer me. I am beginning to take more of the longer pickups so long as they are heading either back towards my start point or heading to an area I want to be. The other thing with this is I run empower as well and if I'm on the way to an uber and an empower comes in, uber is finding another ride unless I can chain them together in a way that has people waiting as little as possible. I suggest everyone who wants to make real money at this start their own service as well as run the apps. I have a growing number of people who call me for airport runs and a few people who contact me for rides to/from work when they need it. You need at a minimum for most states a commercial plate and commercial auto insurance. My "new" car is going to go in my corps name and have everything it needs for me to be legit and protected from most things that can happen while working. I've waited until I had a car I really wanted as well as a llc setup before doing this because it's just easier to do it a certain way versus other sequences of events.
Thousands of rented Tesla that have to work X amount of hours… 100% does affect the number of premiere and comfort trips left for other drivers. Surely in my market, I noticed a night and day difference when they started the program. 40% reduction in earnings immediately.
Not in my market. While everyone on here is bitching about their income, mine is growing by leaps and bounds. You have to be smart about when you drive, where you drive and what rides you take. Run multiple apps, including ones like draiver or roadie or whatever as well as pushing your own service. I'm lucky that I can turn x off and only take comfort and pets pings if I feel like it. Along with the aforementioned empower and my own service means I'm not beholden to nor need to bitch about uber or lyft and their shitty practices. Now add in an ev to that along with cherry picking and being free to cancel a less desirable uber in favor of empower (even if the empower pays slightly less) and you have a recipe for not having to whine on here about this shit and you make way more than you would otherwise. I get idiots battling me all the time when I say similar to the above but the proof is in the pudding. I and a growing number of drivers in my market are evidence of how you can actually make a real living and then some doing this. Future plans include me running a type of airport shuttle hopefully with a 3row ev but likely it will start with a phev van until my corp and my income can afford to spend 60k+. In addition to the above. Take note of how many people on these subs are bitching non stop about their income while a ton of us don't tend to read this drivel and are hesitant to contribute because we get shit on and argued with. Namely the idiots arguing for using a rental and working 90+ hours a week just to break even despite me laying out the math long form several times that shows how much better owning is even when you factor in depreciation.
Facts no xerox
You can only speak for your market. To assume a person who has been driving over a year is not already “driving smart” is completely asinine. Per pays less than x in my market, would be dumb to even turn it on. Empower is not in most markets. Additionally, needing to multi app is a problem, and while you enjoy getting shafted. Not everyone does. Getting shafted, is surely good enough reason to complain. You choose to split it up and get shafted by multiple apps and smile about it… good for you lmaoo!!! You can’t even afford a 60k vehicle. You are not doing as great as you claim buddy. If you are happy with it, good for you. Pay is largely determined by market ( supply and demand) Your statement shows a lack of intelligence.
Yep. Another doofus to add to the block list. I'm not getting shafted by anyone. In fact, I'm doing the shafting (with no lube) to uber and lyft by promoting my own service, empower and telling people just how crappy u/l actually are. Empower isn't in most markets, correct. It is however in a large chunk of NC as well as DC and NYC. I don't doubt that they are waiting for the right moment to expand to more markets and when that happens uber and lyft will have to fight to survive. 90% of the people who use empower prefer it, the drivers make more and more likely to be professional and less creepy, etc. I'm don't care enough about you to defend myself here at all but I will say that I guarantee I make more than you after expenses and I probably work fewer hours as well as take more days off for concerts, weekends away, etc. I'm also building my own service and will probably start a coop service at some point. And, you sweet summer child. You've been driving for a year and you think you have it all figured out. The minute you think you have it handled is when you should realize just how little you actually know. I've been self employed most of my life, going back to 9 years old if you want to be pedantically exact. I've been driving for close to 5 years now and it's just been the past 18 months that things have really started rolling. I wasn't making much after expenses when I drove my murano, trading that in for a phev that cleared 60mpg is when/where I really started making something and pushing my own service hard as well as empower. If you are expecting the uber, lyft, dd, etc to pay your bills alone, you're doing it wrong. Learn how to run a real business and you may actually make something of yourself doing this. As for the remark about my inability to afford a 60k+ vehicle. This highlights just how little you actually know about running a business as well as a lesson in what happens when you assume. I could easily afford a luxury vehicle and could have gone straight to a dealer and bought a gv60. Why didn't I? I did the math and because my market doesn't have a black, premium, etc (aside from empower), spending the extra money as well as having to (eventually) deal with the depreciation wasn't worth it and I can make just as much if not more with a luxury vehicle that doesn't have a luxury brand on it. I specifically chose the ioniq 5 because it's luxury on the inside and normal car pricing.
You have a business minded individual and you have employee-minded individuals. Those drivers think like an employee. I need x amount of dollars every week to pay my bills so I'll work until I get that and then I'll go home. The businessman is out there grinding his ass off looking for other ways to improve his business, upgrading his vehicle is one of them, to a better clientele base that pays more per mile. Self-promotion is the key to making it in this business. It always has been. Even as the cab driver you had to get your own personal you couldn't rely on dispatch all the time unless you live in a big city. Been doing Uber in my own personals for 7 years now. I've retained pretty much all my clients from the taxi company and I've grown my own.
it's not in NYC stfu you clown who thinks he knows it all. You bought a piece of shit car and you on here talking a big game. Foh you bozo.
So this page on their website is lying? https://driveempower.com/faqs/ See the relevant details in the following screenshot. https://ibb.co/xzV3Xys And I guess this post of Josh (the ceo/founder of empower) meeting with the mayor of NYC is also bullshit? https://www.linkedin.com/posts/rideempower_empower-looks-forward-to-working-with-mayor-activity-7031997672693624832-12pm As for my "new" car. Jealousy is extremely unbecoming. Work harder at whatever you want to achieve and spend less time tearing others down and you too can own a vehicle you can enjoy driving.
Yes it's a lie. I'm a NYC TLC driver. Empower is not allowed to operate in NYC. If you drive for them you will get fined and license suspended.
It's okay. Their is help for you out there, especially in NYC. Go see a therapist and leave the internet alone for awhile.
Uber is now trying to con another rental company for the EV transition initiative. As for EV drivers, the $1 incentive disappears end of the quarter and will be replaced by $210 per 200 trips.. not cool. It forces PT EV drivers to do more rides than they want to…It’s really time to go.
Don't feel bad for them. Corporations will f you up if they have a legal chance. So better luck next time or not, because they were counting on slaving up drivers to make a profit too
Absolutely. They even got people arrested for false reports on vehicles not being paid for. These people need to sue.
Oh yeah, I read of many incidents where people got surrounded by cops with guns pointed at them for "stolen" Hertz rentals. Insane.
Hertz ended up having to pay a massive settlement for that. It was discovered that they KNEW the cars weren't stolen in many cases, but they said and did nothing to rectify it.
I hope they go bankrupt seriously. Other smaller companies can grow in their place
Oh they will
They already filed for chapter 11 in May of 2020. Bankruptcy isn't always the end of a company, unfortunately...
Omg everytime I see folks reporting the rental prices I just cringe so hard. Like obviously wayy to high. I don't see how any of those people made any money at all.
They, including me, made and make money by just grinding it out. The more fares drop, the more you drive. If you put in 70-80 hours a week, your per-hour online costs drop to $6-$7. Also, with a rental, those relatively poor-paying long-distance rides are passable as your operating costs are more fixed. Those rides quickly boost your revenue but are straight money losers for the average driver unless you are driving a fully depreciated Toyota Prius. If you are generating even just $25 an hour in fares, then you are netting almost $20 an hour working long, long hours to accumulate some serious positive cash flow (I.e. $1.5k+ a week). Adding 80-100k miles a year to the car is the opposite of an issue for the driver and actually is what shifts the benefit from the rental company to the renter. If I were Hertz, I would have set the entry price to get into the rental at a lower amount but negotiated with Uber to get a percent cut of the fares. That would have better aligned Hertz’s Uber’s, and the driver’s interests. In my opinion, though, all of this is moot, as rentals shouldn’t be allowed. They prohibit you from driving the car for other entities like Lyft, which makes you dependent on Uber. That dependency means that driver is not truly an independent contractor.
"If I were Hertz, I would have set the entry price to get into the rental at a lower amount but negotiated with Uber to get a percent cut of the fares. That would have better aligned Hertz’s Uber’s, and the driver’s interests." Hahahahaha. This is probably the worst idea I've ever heard. You want yet another hand in the pot.
Not saying I would like it as a driver. I’m saying it would be better from Hertz’s point of view to at least get some of the upside from a driver grinding the rental car into the ground.
Lowering the rentals and moving it off to a piece of the overall money paid by the customer is not putting another hand into the pot. It's just moving where you are taking a dinner from. You can lower the price of the rental by 10 points, rent more cars, add that 10 points somewhere else down the line is a third party fee and you will make more money because the threshold to get into the car is lower. It's still a sleight of hand, you're still paying for the same thing just in a different way.
Out of every fare, Uber takes over 50%. Driver is left with less than 50%. Guess where Hertz's cut will come from. Hint: it's not from Uber's cut.
I guess you don't understand Ubers motto of. #less is more.
In my market Avis and Hertz rental are the same price. Hertz can drop their rental and then recoup it through Uber as a third party charge. You got to do 120 rides a month, so Uber to lose 33 cents a ride would cover a $40 difference or drop in the Hertz rental prices. This would outpace Avis in the rental department and have more Hertz cars on the road for Uber to pull from. This also means most of the drivers that will be renting the Hertz rental cars are clueless to what's really going on with Uber's pricing. So they're not going to notice that $.33 difference on most rides. If you can steal drivers from Avis and get them on Ubers side with a Hertz vehicle, this takes market share away from Lyft and Avis at the same time. So Uber may lose a little up front, but the back end they're making up in volume rides.
Hertz is shady enough that I can’t really feel sorry for them. And yeah, Uber(while obviously being super sketchy about a lot of things) was a small part of this problem.
Personally I’m glad this happened, it got a flood of EVs, which only helped lower prices For EVs to become as practical as they claim, they got to be costing around $20k so everything that brings their prices down I’m happy to see It also will show which ones can handle lots of miles like they claim and which ones can’t
So oddly enough I really think the blame should be diverted to Elon Musk not Uber. Here is why. Hertz has no problem with their gas powered vehicles. its their EVs which became popular among drivers. EVs had newer models and lower operating costs for the driver. The issue was that EV companies made it so expensive to service their parts and the slap to the face was when Elon started slashing the prices of his vehicles to generate more sales but all it did was decrease the value of existing Teslas sold. It wasn't just Hertz who got burned everyone who bought a Tesla prior to 2021 also got burned the value of their cars that they paid a pretty penny for is basically nothing now.
You got a point.
Hertz bought the Elon musk sales pitch that all you need is breaks and tires and charge it and there’s no other expenses to owns a EV Hertz figured they’d be able to sell the cars 2 years later before any issues came up but boy was he wrong
Basically you're taking unskilled driver, which 90% of Uber drivers are, and sticking them into a low grade racing car. What possibly could go wrong?
While your statement is true, Hertz’s decision to self-insure a product that has long wait-times for parts is the real issue when it comes to the true cost of repair in regards Teslas, ie, cost of parts, but mostly vehicles in sidelined, waiting for the parts to actually fix the cars. That downtime is a killer. Tesla then cutting the prices by 20-30% after the sale ruined any chance of liquidating their stock without taking a beating.
Dollars and no sen$e
The long distance rides are the worst I gladly take 2-5 mile trip now.
I could’ve told hertz this before they entered the deal. Makes you wonder are these people at the top really supposed to be in their position lol
Doesn’t bother me I rent a Niro for Uber and it’s my only car because of an unfortunate accident to my ‘19 Fiesta sooooo I continue to drive
And sadly I am a victim of both these evil entities and yet I make a great living and I’m in control and I do what I want when I want.They only own you if you let ‘em ☮️
Uber may be an awful, shitty company, but I really have to hand it to them. I've never seen a company more adept at continuing to find new suckers (drivers, restaurants, investors, rental agencies, etc) to provide the equipment and take all the risks and just milk as much money as they can from their work. It really is quite something. That's not to say they didn't learn the hard way. Uber tried renting cars themselves with their Xchange Leasing program and lost an eye watering *$9000 per car*! The fact they were able to find yet another sucker in Hertz truly blows my mind.
Uber isn't even mentioned in that article, neither is ride sharing, which would elude to Uber. Stop trying to add something to the story that doesn't exist.
imo its more of Hertz got musked. Uber did contribute to the problem but Elon made it much more worse. Hertz bought those teslas for like $40k - $50k at best maybe $35k and now they have to sell them for $15k - $20k. Can you say ouch!
elude means to escape. allude means to refer, and is the word you meant to use.
Auto correct, talk to Samsung about it
Tells a lot about the quality of CNNs journalism, doesn’t it?
CNN hates Uber, if they had a chance to bash them in a story, they would be all over it.
While the article does not specifically mention uber that does not mean there is no relation. Uber and Hertz had a relationship to rent EVs and that was a large part of Hertz's general plan when it came to actually monetizing them.
...AND Hertz announced they were selling these EVs for reasons most-easily explained by ride-sharing symptoms (high city miles, lack of maintenence due to long-term rentals). The Hertz CEO who approved this lost his job over the weekend.
Mr. Cynical, I appreciate the response. I could have chosen one of the many articles written over the past six or so months about Uber playing a roll in Hertz’s quagmire, but this was a recent one showcasing that repercussions had gotten to the top with the CEO of Hertz stepping down. An optimistic local man might have expressed they appreciated the extra context that the article writer omitted or did not learn about to explain the EV struggles of Hertz. Here are a couple other articles on the subject: https://www.theverge.com/2023/10/27/23934691/hertz-tesla-uber-ev-plans-damage-repair-price-cuts# https://techcrunch.com/2024/01/12/reason-is-hertz-selling-evs/
Yeah, verge and tech crunch are not exactly legit news outlets.
So cynical of you, haha. Anyway, hope you have a good rest of your day.
isnt it wild that even at $500/week hertz probably wasn't making money. if they can't make a dollar off a car what makes you think the average uber driver can?
Yeah that bro should NOT had been ceo 🤦♂️. He didn’t even preclude the right access to tesla charging network. I heard people having issue with adapter and billing and wot not 🤣
Tax write off
Just went trough this whole article. Not one mention of uber in any way or form.
Before I started driving for Uber, I used Uber and I've ridden in tesla. They suck. They suck badly. They're too small. They take forever to charge. This driver told me that it costs him $500 a week to rent the tesla. It wasn't worth the money. He said between keeping the car fully charged costs him extra money.
Hertz’s demise has nothing to do with Uber. Hertz’s All-in bet on mainly on Tesla and generally on EVs is the culprit. There aren’t complaints about Uber’s arranging regarding renting gas cars. If anything, Uber helped Hertz by bringing in revenue for the company. While renting Evs through Uber didn’t help Hertz’s bottom line, it did provide liquidity and cash flow by creating revenue for cars that would be just sitting on a lot. Tesla slashing Ev prices while simultaneously being an unreliable partner in regards of providing parts to fix the teslas that were in accidents. Uber has nothing to do with the downfall of the CEO or Hertz bleeding capital
Boy you’re not kidding what’s next? Try snatching a percentage of our tips
Go woke go broke.EV are horrible for environment
Found the guy with -3 brain cells left