Hertz went through a period of great difficulty; following the outbreak of the pandemic, she went so far as to declare bankruptcy in some countries. Thanks to a number of investors led by Knighthead Capital Management and Certares Management, the company & agrave; & egrave; able to emerge from the crisis ( investment of 5.9 billion dollars ). The company can now relaunch itself and, for this reason, it wants to electrify its fleet of approximately 500,000 cars and vans.
As part of its renewal project, Hertz has decided < strong> to bet on Tesla .
MAXI ORDER
The company, therefore, has placed an order for 100 thousand Tesla . A first tranche of the Model 3 will be; available for rental with Hertz in major US and European markets from early November. According to Bloomberg, this is the most & ugrave; big purchase order for electric vehicles ever as it is expected to be worth approximately $ 4.2 billion . According to some rumors, it seems that Hertz will go & agrave; to pay the cars very close to their list price. All purchased cars will be delivered by the end of 2022.
In addition to being able to access the Supercharger network, these cars will also be able to take advantage of a charging network that Hertz intends to create. No details have been provided but there are thousands of energy supply points around the world. Is not serious; it is clear, however, whether top-ups at Superchargers will be included in the rental formulas. A detail that will be discovered when electric cars are officially available to customers.
For the American carmaker this is very important news given the scope of the order. It is worth noting that, at present, the manufacturer has reached a capacity; production of about one million cars per year. This means that the order placed by Hertz is equivalent to approximately one-tenth of the capacity; of overall annual production of Elon Musk's company.
It seems that the talks had started when Knighthead Capital Management and Certares Management were still working to put together an offer for Hertz . A contract like this large which is equivalent to about one-tenth of Tesla's annual production, should make sure that, at least for a while, companies & agrave; Hertz's rivals cannot follow the same path, buying the electric cars of the American manufacturer.
Following the agreement, Tesla & # 39; s listing on the stock exchange & egrave; climbed nearly 7% to over $ 972 per share (value at the time of writing).
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