Hertz orders 100,000 Tesla, the largest purchase of electric cars in history


100,000 electric cars in one go. It is the order that the rental company Hertz has closed with Tesla, as reported by the agency Bloomberg. The contract represents the largest purchase of 100% electric cars in history, which will become an important part of the company's fleet, which has some 500,000 vehicles worldwide.


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Although this type of order usually receives a bonus from the manufacturer, this will not happen this time, according to the information that the aforementioned medium has had access to. Hertz will pay about 4.2 billion dollars (3.62 billion euros), close to the retail price of the Tesla Model 3.

The cars will be delivered in the next 14 months and will be available in the US and Europe from November. Customers who rent them will have access to Tesla's charger network, in addition to the one being built by Hertz itself.

Hertz filed for bankruptcy in May 2020 due to decreased activity stemming from the coronavirus pandemic. In March of this year the funds Knighthead Capital Management and Certares Opportunities bought 100% of the company, brought it out of bankruptcy and faced the renewal of the company. One of its measures was to move towards the complete electrification of its fleet, whose first movement comes to light this Monday after the pact with Tesla.

Tesla, owned by tycoon Elon Musk, has factories in the US, Shanghai (China) and Berlin (Germany).

The order comes amid a global microchip shortage that is hitting the automotive industry in particular. The industry estimates that will stop producing half a million vehicles this 2021. Experts also warn that the new digitization of the car, together with its electrification, increases stress on supply chains of some key materials in its batteries and components.

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