December 8, 2021

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Hertz bought 100,000 Tesla Model 3

Hertz bought 100,000 Tesla Model 3

Leasing company Hertz is said to have ordered 100,000 Tesla Model 3, Bloomberg reports and points to sources who do not wish to be identified because the information is not public.

price list

Just four months after bankruptcy, Hertz placed the largest order Tesla had ever received. It’s also the largest electric vehicle order ever and, according to Bloomberg, is worth $4.2 billion.

Based on the order size, it is also indicated that the order was placed at a closing list price, as stated. For now, it will be about the Model 3, but here one can expect the Model Y and other models to come at the end as well.

Hertz already has a selection of electric vehicles in its rental portfolio, which in Norway includes the Hyundai Ioniq 5.

Electric bets

The cars will be delivered over the next 14 months and the first Tesla Model 3 will be available at Hertz in the US and locations in Europe from the beginning of November. In addition to access to Tesla’s superchargers, Hertz will also expand its charging network, it is said.

According to Bloomberg, Hertz’s electric car plan will eventually include nearly its entire rental fleet of half a million vehicles. It also means that the new owners, Knighthead Capital Management and Certares Management, are likely to surprise an industry that is dominated by a few and said to be slow to innovate.

Tesla shares are up 41.4 percent this year and the stock closed at a new all-time high of $909.68 last Friday. The stock rose 4.5 percent to $951 in pre-trading on Monday.

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