Tesla Motors, Inc. (TSLA) will be supplying Model S electric vehicles to Hertz Global Holdings, Inc.’s (HTZ) Dream Cars section in the U.S. The Model S vehicle is an addition to Dream Cars’ list of premium cars such as Ferrari, Lamborghini, Porsche, Daimler AG’s (DDAIF) Mercedes Benz and Tesla Roadster.
Tesla’s Model S will be available for customers at San Francisco and Los Angeles airports. Hertz will expand the availability of Model S to other locations depending on consumers demand.
The move to list Model S in Hertz’s rental fleet is a strategic one. Passengers will be able to experience a Model S ride, which might lead them to purchase the car. Thus, Model S may experience higher sales.
Tesla Model S is an 85kWh car that can cover 265 miles on a single charge. The vehicle ensures fuel efficiency and zero emission. It can reach a speed of 60 mph in 4.2 seconds. The popular sports car offers luxury and quality driving experience.
Tesla’s Model S has won the top vehicle safety rating from the National Highway Traffic Safety Administration (:NHTSA). The car obtained a five-star rating overall and also for each of its subcategories. This was a coveted award for Tesla as only 1% of cars tested receive the 5-star rating from NHTSA. With this, Tesla’s Model S sedan ensures exceptional safety to the passengers as it has the lowest possibility of injury to passengers among all major cars sold in the U.S. The safety score of this sedan exceeded the score of most sports utility vehicles and minivans.
Hertz operates a car rental business under Hertz, Dollar, Thrifty, and Firefly brands in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the number one airport car rental brand in U.S. and operates at 111 major airports in Europe.
Tesla designs and manufactures electric vehicles and electric vehicle power train components for partners including Toyota Motor Corp. (TM). Currently, Tesla carries a Zacks Rank #2 (Buy), while Hertz carries a Zacks Rank #3 (Hold).Read the Full Research Report on TSLARead the Full Research Report on TMRead the Full Research Report on DDAIFRead the Full Research Report on HTZZacks Investment Research
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