Rental company Hertz orders 100,000 Tesla cars

Rental company Hertz has placed an order for 100,000 Teslas worth $4.2 billion, according to Bloomberg sources.

As part of a strategy to electrify its car fleet, rental company Hertz has placed a large order for 100,000 Teslas, reports Bloomberg, without specifying which models have been ordered.

An operation that would bring about 4.2 billion dollars (3.61 billion euros) to the American manufacturer, according to Bloomberg sources, leading to a jump in Tesla action following the announcement.

Car rental companies usually negotiate car prices with manufacturers in the event of a large order. But the jackpot pocketed by Tesla suggests that Hertz paid a price close to that of the catalog.

Also according to Bloomberg, the cars will be delivered within the next fourteen months. The first Tesla Model 3 will be available for rental from November in parts of the United States and Europe.

Hertz emerges from bankruptcy

By renting a Tesla rather than another electric car, the customer will have access to the American manufacturer’s network of superchargers.

Eventually, Hertz intends to build its own charging infrastructure to charge the hundreds of millions of electric cars and trucks rented around the world.

The rental company hopes to get its head above water thanks to its investments in electricity after a difficult year due to the health crisis which caused rental car reservations to drop. As a result, Hertz filed for bankruptcy protection in the United States. With the recovery of the economy, the company officially exited this procedure at the beginning of July.

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