Why Hertz’s big Tesla deal is such a blockbuster

Why Hertz’s big Tesla deal is such a blockbuster

3 years ago
Anonymous $np3LcwuhSi

https://www.vox.com/recode/22750807/hertz-tesla-uber-electric-car

The car rental giant is making a huge bet on electric vehicles — and bringing Uber along for the ride.

Tesla became a trillion-dollar company this week after the announcement of a massive deal with Hertz. The rental car company said it would purchase 100,000 Tesla Model 3 sedans by the end of 2022, and that sent Tesla’s stock price north of $1,000 a share. Two days later, Hertz revealed that Uber has committed to renting as many as half of these electric vehicles to its ride-share drivers. Hertz even recruited Tom Brady to promote its new fleet.

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