2021-10-25 09:34:46 | Hertz announces initial 100,000 Tesla order in electric vehicle pushHertz (HTZZ) announced an investment to offer the largest electric vehicle rental fleet in North America, which includes an initial order of 100,000 Teslas (TSLA) by the end of 2022 and new EV charging infrastructure across the company's operations. In addition, Hertz is teaming up with Tom Brady "to showcase how it is making EV rentals fast, seamless and more accessible, as the company accelerates its commitment to lead the future of mobility and travel." Beginning in early November and expanding through year end, customers will be able to rent a Tesla Model 3 at Hertz airport and neighborhood locations in U.S. major markets and select cities in Europe, the company said in a statement. With the current order, electric vehicle will comprise more than 20% of Hertz global fleet and is expected to be supported by a combination of Level 2 and DC fast charging in approximately 65 markets by the end of 2022 and more than 100 markets by the end of 2023. Hertz added that "these ambitions could be affected by factors outside of Hertz's control, such as semiconductor chip shortages or other constraints." Shares of Hertz jumped 17% to $28.98 following the announcement. Tesla is up 6% to $960.75. |
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