Hertz orders 100,000 Tesla’s
Hertz orders 100,000 cars from Tesla
Hertz, the rental car company has confirmed that it is expanding its electric car fleet and has put in an order with Tesla Motors for 100,000 new cars.
This has certainly been good for Tesla’s share value which is going through the roof.
The acquisition will see Tesla Model 3 cars being made available for rental across many locations across the United States and also in some European cities.
The giant rental company is also investing in its electric car infrastructure and their Tesla Model 3 cars will also have access to the Tesla Supercharger Network across the US and Europe.
This massive order will mean that the new electric Tesla’s will make up over 20 per cent of Hertz's entire fleet. Hertz CEO, Mark Fields said:
"Electric vehicles are now mainstream, and we've only just begun to see rising global demand and interest,"
"The new Hertz is going to lead the way as a mobility company, starting with the largest EV rental fleet in North America and a commitment to grow our EV fleet and provide the best rental and recharging experience for leisure and business customers around the world."
This deal is huge for Tesla as their shares have surged recently by 14.9% to $1,045.02, making it the world's most valuable car manufacturer by market cap.
Justin Kavanagh is a recognised leader in automotive intelligence and vehicle data supply to the entire motor industry. He has almost 20 years experience in building systems from the ground up. As the Managing Director of Vehicle Management System, he understands the need and importance of trustworthy and reliable vehicle history and advice to both the trade and the public.
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