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Hertz Is Buying 100,000 Teslas to Use in Rental Fleets

·1 min read
Photo credit: Spencer Platt - Getty Images
Photo credit: Spencer Platt - Getty Images

Hertz, the rental company known for creating limited-run special editions of our favorite performance cars, announced today it has ordered 100,000 Teslas in a move to begin electrifying its rental fleet.

The cars, all Model 3 sedans, will be delivered over the next 14 months, says Bloomberg. They'll become available at major U.S. locations and parts of Europe starting in early November.

Like all private owners, drivers of Hertz's Model 3s will have access to Tesla's vast nationwide network of supercharger stations. Hertz says it's also developing its own charging infrastructure with "thousands" of charging points to supplement Tesla's, according to The Verge. What such an infrastructure will look like has not yet been made clear.

Bloomberg says this is the single-largest purchase of electric vehicles ever, representing roughly $4.2 billion in revenue for Tesla. Hertz filed for bankruptcy protection back in May 2020 over COVID-19-related setbacks before being saved by a $4.2-billion deal in March 2021.

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