In October 2021, online posts and news reports claimed that Hertz, one of the world's leading car rental companies, had announced a major investment in electric cars by ordering 100,000 Tesla vehicles.
Rental car company Hertz has ordered 100,000 Teslas as part of an ambitious plan to electrify its fleet. A first tranche of Tesla’s Model 3 sedans will be available to rent from Hertz in major US and European markets from early November...
Those accounts were accurate.
In a news release published on Oct. 25, Hertz announced what it described as "the largest [electric vehicle] rental fleet in North America and one of the largest in the world," which would consist of "an initial order of 100,000 Teslas by the end of 2022 and new [electric vehicle] charging infrastructure across the company's global operations."
The company, which has its headquarters in Estero, Florida, specified that it would be adding 3,000 chargers across the United States and Europe, and the electric vehicle page of its website noted that the Tesla Model 3 vehicles would become available for rental beginning on Nov. 7, 2021. According to Hertz, the 100,000 new Teslas would bring the electric vehicle portion of its total rental fleet to 20%.
The claim that the deal between Hertz and Tesla was worth around $4.2 billion could not be verified yet, but was attributed to unnamed sources in an Oct. 25 report by Bloomberg.
chrisdh79. “Hertz Orders 100,000 Teslas in Deal Reportedly Worth $4.2 Billion | It’s the Single Largest Order of Electric Vehicles.” R/Technology, 25 Oct. 2021, www.reddit.com/r/technology/comments/qfg871/hertz_orders_100000_teslas_in_deal_reportedly/.
Hertz. Hertz Invests in Largest Electric Vehicle Rental Fleet and Partners with Seven-Time Super Bowl Champion Tom Brady to Headline New Campaign. https://www.prnewswire.com/news-releases/hertz-invests-in-largest-electric-vehicle-rental-fleet-and-partners-with-seven-time-super-bowl-champion-tom-brady-to-headline-new-campaign-301407266.html. Accessed 26 Oct. 2021.
Hertz Invests in Largest Electric Vehicle Rental Fleet and Partners with Seven-Time Super Bowl Champion Tom Brady to Headline New Campaign. https://ir.hertz.com/2021-10-25-Hertz-Invests-in-Largest-Electric-Vehicle-Rental-Fleet-and-Partners-with-Seven-Time-Super-Bowl-Champion-Tom-Brady-to-Headline-New-Campaign. Accessed 26 Oct. 2021.
Newswire, MultiVu-PR. “Hertz Invests in Largest Electric Vehicle Rental Fleet and Partners with Seven-Time Super Bowl Champion Tom Brady to Headline New Campaign.” MultiVu, https://www.multivu.com/players/English/8971751-hertz-invests-in-largest-electric-vehicle-rental-fleet-partners-with-tom-brady-for-new-campaign/. Accessed 26 Oct. 2021.
Vincent, James. “Tesla’s Value Tops $1 Trillion after Hertz Ordered 100,000 of Its Vehicles.” The Verge, 25 Oct. 2021, https://www.theverge.com/2021/10/25/22744504/hertz-tesla-order-100000-vehicles-electrify-fleet.