Tesla’s deal with Hertz opens a new frontier for the EV maker

Tesla’s deal with Hertz opens a new frontier for the EV maker

3 years ago
Anonymous $np3LcwuhSi

https://techcrunch.com/2021/10/29/teslas-deal-with-hertz-opens-a-new-frontier-for-the-ev-maker/

Auto rental giant Hertz gave its strongest signal to the markets that it had resurrected from bankruptcy with this week’s news that it would purchase 100,000 Tesla vehicles for a reported $4.2 billion. Hertz made headlines again two days later, when it said that Uber committed to renting up to half of that order for its drivers.

But the biggest winner in the deal may end up being Tesla — which can leverage its first-to-rental market advantage and inventory constraints facing other automakers to potentially capture a growing pool of EV-curious drivers.