Hertz to Buy 100,000 Electric Vehicles From Tesla

[Number6]

Hertz announced they've ordered 100,000 electric vehicles Tesla. This is the biggest order of vehicles for Tesla ever.

The purchase also represents the biggest move into EVs by a rental car company, by far.
"Electric vehicles are now mainstream, and we've only just begun to see rising global demand and interest," said Mark Fields, the interim CEO of Hertz and former CEO of Ford. "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."

But the reasoning goes beyond customer demand: Hertz and its rivals are having trouble getting gasoline-powered cars from traditional automakers, as a shortage of computer chips and other parts is making car production difficult.

Hertz didn't disclose financial terms of the deal, but the Model 3s it is buying have a starting price of $44,000 for US retail customers. Rental car companies typically pay less than full retail price for cars, but Tesla currently has more demand for its vehicles than it has capacity to build them, and thus little incentive to offer significant discounts. So the total order could be more than $4 billion.
CNN

As the article says, Tesla has more demand than capacity so this deal is, naturally, a multi-year deal. For anyone interested, like me, in their next car being electric, renting a Tesla from Hertz would be a good way to see how the Tesla, and in general electric vehicles, drives and how well you'll like it.

[Toonces]

It just kind of makes sense that Hertz would go electric.

[Tao Jones Sr.]

Is that a ‘Hertz Donut’ to the oil industry?