Hyperdrive
Europe’s Biggest Software Company Stops Offering Teslas to Employees
- Fleet manager cites the EV maker’s repeated price cuts
- Rental companies Hertz, Sixt also have pulled back from Tesla
Photographer: Angel Navarrete/Bloomberg
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SAP SE will stop offering Tesla Inc. electric vehicles to its employees, setting back Elon Musk’s efforts to grow in the company-car market.
Tesla’s prices are fluctuating more than other manufacturers’, complicating planning and increasing risks, the fleet manager for Walldorf, Germany-based SAP told the newspaper Handelsblatt.