Hertz spent a large part of last year in bankruptcy, selling off thousands and thousands of cars. It has spent this year rebounding, and, now, buying thousands and thousands of cars. Many thousands of those will be Teslas, according to Bloomberg.
It’s the single-largest purchase ever for electric vehicles and represents about $4.2 billion of revenue for Tesla. While car-rental companies typically demand big discounts from automakers, the size of the order implies that Hertz is paying close to list prices.
The cars will be delivered over the next 14 months, and Tesla’s Model 3 sedans will be available to rent at Hertz locations in major U.S. markets and parts of Europe starting in early November. Customers will have access to Tesla’s network of superchargers, and Hertz is also building its own charging infrastructure.
Read the article at Jalopnik.