metaspinscasino| Tesla takes steps to appease European fleet customers who have suffered heavy losses due to price cuts

According to reportsMetaspinscasinoTesla is trying to appease some European car rental companies, which have repeatedly cut retail prices, reducing the value of their fleet and alienating its slow service and expensive maintenance costs.MetaspinscasinoTheir corporate clients.

Executives from leading European car rental companies and fleet managers at more than a dozen companies said Tesla's measures included offering unofficial discounts for new cars in stock and trying to resolve widespread complaints about services, maintenance and ordering. For years, team managers and leasing companies have argued that Tesla ignored these problems.

Tesla's retail price cut is designed to boost sales in response to weak global demand for electric vehicles and increased competition, especially from Chinese electric carmakers such as BYD. But that hurts profits for its biggest customer in Europe, where fleet purchases account for nearly half of car sales.

The leasing company buys a new car and arranges the lease according to how much they think it can sell at the end of the lease. The sudden drop in prices weakened these surplus values, causing heavy losses to leasing companies.

Richard Richard Knubben, director-general of the Brussels-based European Leasing Association (Leaseurope), said there was "nothing worse than the continuous depreciation of the assets of fleet buyers".

"Tesla is now actively telling our members that we can give you discounts and compensation," he said. But Tesla's remaining profit is falling so fast that I'm not sure whether the discount they offer is enough. "

Starting from mid-2023, Tesla has offered informal quarter-end discounts of up to 2000 euros for rental companies to buy Model 3 and Model Y, provided they are in stock, according to an executive at a large European car rental company. The executive spoke on condition of anonymity because he was not authorized to comment publicly on Tesla.

These discounts have been going on since the end of last year, he said.

Ayvens is Europe's largest car rental company, with 3.4 million cars, about 10 per cent of which are electric. Tim Tim Albertsen, chief executive, said Tesla's service had improved, but the decline in its resale value had caused damage. "Tesla has understood this and is launching a plan to help us solve this problem," he said. "

Arval, a car rental subsidiary of BNP Paribas, is in talks with three Chinese carmakers to buy electric cars after it suffered losses due to the decline in the value of Tesla. When Tesla started cutting prices last year, Arval told the carmaker: "you're really shooting yourself in the foot," said Bart Becks, deputy chief executive of Arval.

Mr Becks said Arval leased about 170000 electric vehicles as part of its 1.7 million vehicles. He said Tesla was trying to solve maintenance and service problems, but added that the carmaker's "new challenger", the Chinese electric carmaker, seemed to be avoiding Tesla's mistakes and focused on maintaining strong resale value.

In the US, car rental giant Hertz has been selling existing Tesla cars, while German rival Sixt has stopped buying Tesla cars. When asked about the impact of Tesla's price cuts, Sixt said the decline in the residual value of Tesla and other brands of electric vehicles reduced its profit by 40 million euros ($42.7 million) in 2023.