Hertz is adding electric vehicles to their fleet, and Elon Musk could not be happier.
The car rental company is purchasing 100,000 Tesla Model 3 sedans to their global fleet. That news alone sent Tesla stock soaring on Monday.
Deliveries will come fairly soon, and Hertz plans on offering EV’s for rent starting in November, and they will have all 100K by the end of 2022.
Here’s what Hertz CEO Mark Fields said in a Fox Business story.
“Electric vehicles are now mainstream, and we’ve only just begun to see rising global demand and interest. The new Hertz is going to lead the way as a mobility company, starting with the largest EV rental fleet in North America and a commitment to grow our EV fleet and provide the best rental and recharging experience for leisure and business customers around the world.”
The “new Hertz” should be in a better position to compete, since the “old Hertz” had to restructure after filing bankruptcy.
The company has teamed up with Tom Brady on a campaign called “Let’s Go,” which happens to be Brady’s catch phrase. The commercial will feature Brady going through the process of renting a Tesla. Pretty clever.
How much did this big buy cost Hertz? Roughly $4.4 billion.