Rental car company Hertz has ordered 100,000 units of Tesla’s Model 3. The full price for the order was about $4.2 billion.
Chief Executive Elon Musk was sure to note that Hertz paid full price for the vehicles.
“To be clear, cars sold to Hertz have no discount,” he said on Twitter. “Same price as to consumers.”
“As the leading car rental company, we now offer the largest electric vehicle (EV) rental fleet in North America,” Hertz said in a release. “Our flagship EV is the Tesla Model 3, a luxurious 4-door sedan that features up to 260-mile driving range on a full charge and is the best-selling electric car in the world.”
Demand for Tesla cars is strong. The company had record deliveries in Q3 despite supply chain challenges caused by the pandemic. The company also stands to significantly increase production with the addition of two new factors – Giga Texas and Giga Berlin.
There have been several examples of fleet owners making a big transition to EVs. Amazon, for example, consigned startup Rivian to produce 100,000 electric delivery vans. Tesla also reportedly has thousands of orders for its upcoming Tesla Semi.