--- title: "Hertz Orders 100,000 Teslas for Rental Cars" description: "Big Order Rental car company Hertz has ordered 100,000 Tesla Model 3s as part of a massive push to electrify its fleet — the largest purchase of electric vehicles ever, according to Bloomberg. It’s a massive deal reportedly worth $4.2 billion, pushing the automaker’s valuation past the $1 trillion mark for the first time ever. […]" date: "2021-10-25" modified: "2021-10-25" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor" url: "https://futurism.com/the-byte/hertz-orders-tesla-rental-cars" categories: - "Advanced Transport" - "Tesla" tags: - "electric cars" - "elon musk" - "tesla" - "the digest" --- # Hertz Orders 100,000 Teslas for Rental Cars ![Rental car company Hertz has ordered 100,000 Tesla Model 3s as part of a massive push to electrify its fleet — the largest purchase of electric vehicles.]() *\Image: Getty/Futurism\* ## Big Order Rental car company Hertz has ordered 100,000 Tesla Model 3s as part of a massive push to electrify its fleet — the largest purchase of electric vehicles ever, [according to *Bloomberg*](). It's a massive deal reportedly worth $4.2 billion, pushing the automaker's valuation past the $1 trillion mark for the first time ever. Shares were just two dollars shy of reaching the [$1,000 mark]() on Monday, a new record for the Elon Musk-led company. Musk's own net value soared in response to the news as well, [crossing the quarter trillion mark](). "Electric vehicles are now mainstream, and we've only just begun to see rising global demand and interest," Hertz interim CEO Mark Fields [told *Reuters*](). ## Charged Up It's a striking decision given that Hertz [filed for bankruptcy]() last year as a result of the COVID-19 pandemic. But the company's market value has recovered, *Bloomberg* reports. Even more so, it's a major win for Tesla, giving vast numbers of potential customers a first-hand look at the electric carmaker's offerings when they travel. *Bloomberg* reports that Hertz is hoping to push maintenance and refueling costs down by switching to electric cars, as well as planning to build out a customers-only charger network. To celebrate the deal, Hertz hired quarterback celeb Tom Brady [for a cheesy ad](), showing off its new Tesla fleet. Now, the ball is in Tesla's court to deliver the vehicles. "There is quite an execution journey ahead of us," Tesla CFO Zachary Kirkhorn told *Reuters*. **READ MORE:** [Hertz Orders 100,000 Teslas in Rental-Market Shake-Up]() \[*Bloomberg*\] **More on Tesla:** *[Elon Musk Is Now Worth Over a Quarter Trillion Dollars]()* ## Author I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida. ### Author social links [Bluesky]()