"We look forward to seeing more EVs on the road right away."

Uber x Tesla

Rental car company Hertz announced on Monday that it was ordering 100,000 Tesla Model 3s, a colossal commission that sent shares of the Elon Musk-led company soaring.

And ride-hailing giant Uber is getting in on the fun. In turn, the company has announced a deal with Hertz to make 50,000 Tesla vehicles available to rent to Uber drivers in San Francisco, Los Angeles, San Diego, and Washington, DC starting November 1.

All 50,000 vehicles will be available by 2023 nationwide, according to Uber. The company claims that it's the "largest expansion of electric vehicles on a mobility platform in North America and one of the largest globally."

It's yet another heavyweight industry player making big moves to electrify its fleet — and another hint that Tesla is about to have an incredible Q4.

EV Rider

Uber's shares were up two percent in early trading today following the announcement, Insider reports.

"Climate change is an urgent global challenge we must all tackle together, and now is the time to drive a green recovery from the pandemic," Uber CEO Dara Khosrowshahi said in a statement.

"This combines the power of Tesla, Hertz and Uber to help accelerate the transition to zero-emissions mobility," he added. "We look forward to seeing more EVs on the road right away."

More and more companies are committing their resources to an electric future. With both Hertz and Uber teaming up with Tesla, there's a good chance we're about to see a lot more Model 3s on public roads.

READ MORE: Uber to roll out 50,000 Tesla vehicles as it moves towards an all-electric fleet [Insider]

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