Century-old car rental giant Hertz is buying the Model Y!Placed the largest order in Tesla’s history

2022-04-29 0 By

March 24 – Car rental giant Hertz has added the Tesla Model Y to its fleet of electric vehicles, according to the company’s website.It’s worth noting that Hertz announced a deal a few months ago to buy 100,000 electric vehicles from Tesla, mainly the Model 3.It is unclear whether the Model Y will be part of the goal of adding 100,000 electric vehicles or in addition to Model 3 orders, which Hertz has not disclosed.In addition, Hertz said it would order 100,000 Model 3s in a deal valued at $4.2 billion, making it the largest electric vehicle deal ever and locking in about 10% of Tesla’s annual production capacity.That sent Tesla’s stock price soaring to more than a trillion dollars, and Hertz, which just emerged from bankruptcy protection, added about $1.2 billion to its market value, a “win-win” announcement.”If the Hertz deal is the main reason for the recent increase in Tesla’s stock price, I’d like to stress that the Hertz deal has not yet been signed,” tesla said.The demand for Tesla is far greater than the production, so we can only sell cars to Hertz at the same price as consumers.”The Hertz deal has no impact on our financial situation.”Whether Hertz’s announcement to add Model Y cars to its fleet is a publicity stunt or a genuine expansion remains to be seen.