United Kingdom
United States
Asia Pacific
Hertz makes huge order for Tesla EVs
Just out of bankruptcy, Hertz Global Holdings is pinning its future on a green mobility revolution.
It just made a huge order for 100,000 Teslas.
That gave Tesla Inc.’s shares a big boost, pushing the carmaker’s value past $1 trillion for the first time.
The cars will be delivered by the end of next year.
It’s the single-largest purchase ever for electric vehicles, worth a possible $4.2 billion.
Tesla’s Model 3 sedans will be available at Hertz locations in major US markets and then in parts of Europe beginning in early November, Hertz said.
Hertz also plans to build its own charging stations.
“How do we democratize access to electric vehicles? That’s a very important part of our strategy,” Mark Fields, interim CEO said.
“Tesla is the only manufacturer that can produce EVs at scale.”
Hertz hopes to electrify most of its fleet of cars and trucks over time.
“We want to work with every manufacturer to help them launch EVs and drive this secular shift to electrification,” Fields added.
Hertz has tapped American football star Tom Brady to promote the Tesla order and showcase electric vehicle rentals.
When it receives the entire order, about 20% of Hertz’ entire global fleet will be EVs.
Related News Stories:
Learn more about : Hertz, Dollar, and Thrift Rent a Car ( United Kingdom ) Hertz, Dollar, and Thrift Rent a Car ( Asia Pecific )
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled