Hertz announces the purchase of 100,000 electric cars from Tesla and raises their market value above a trillion dollars

Published:

26 oct 2021 00:03 GMT

According to Bloomberg, the contract with the car rental giant will bring Elon Musk’s company a profit of 4.2 billion dollars.

The car rental company Hertz announced on Monday the purchase of 100,000 electric cars from Tesla as a first step to electrify its fleet of vehicles.

According to the Bloomberg agency, which cites sources familiar with the matter who expressed themselves on condition of anonymity, the contract will allow Tesla to generate profits of $ 4.2 billion.

The first sedans will be available early november at Hertz offices in the US and Europe, while the delivery of Model 3 vehicles is expected to take place until the end of 2022, making the entity one of the most electrified globally. When the supply ends, the electrically powered cars will represent more than 20% of the fleet of the company.

Likewise, the car rental giant is committed to expanding the recharging infrastructure, with the aim that customers have access to 3,000 stations of this type in the United States and Europe.

An eye

Following this new order, Elon Musk’s company significantly improved its stock indexes. The value of Tesla shares on the Nasdaq currently exceeds $ 1,000 per unit, after appreciating more than 12.5% ​​so far this day, according to stock data.

At the same time, the capitalization of the electric car manufacturer exceeded one trillion dollars, which allows Tesla to enter the select group of companies such as Apple, Microsoft, Amazon or Alphabet, which are listed on the market with values ​​higher than this figure, Reuters details. .