The story of Hertz ordering Tesla electrical vehicles could as properly get a ebook written about. It began with Hertz practically going bankrupt and apparently averting the chapter by ordering 100,000 Tesla Mannequin 3, which despatched the Tesla inventory for the primary time to over $1 trillion valuation again in 2021.
Solely then Tesla to disclaim there was any deal in any respect. From then on the story simply acquired weirder and weirder. A while later Hertz was claiming the primary deliveries have been already occurring whereas Elon Musk was tweeting there was no contract between the 2 firms. After which Hertz went and added additional Tesla Mannequin Y models to its order, which apparently didn’t exist.
Hopefully each Hertz and Tesla managed to untangle the crossed wires by now. Hertz is reporting that out of its 428,700 autos within the US, Tesla autos representing 11%. That’s simply over 47,000 autos, which is lower than half of the alleged preliminary 100,000 automobile order. Add to it 1,187 Teslas from international operations and we arrive at simply over 48,000 vehicles.
Hertz is being a bit coy about its numbers and didn’t disclose any extra particulars. The preliminary order of 100,000 Mannequin 3 autos was fairly easy. The addition of Mannequin Y complicates issues a bit – the corporate by no means defined whether or not that was on high of the 100,000 models or a part of it.
To make issues even much less clear, Hertz lately started the Tesla rental program for Uber drivers. In actual fact, Uber drivers had preferential entry to Tesla autos by way of Hertz and the corporate claimed it was making 50,000 Teslas out there to this system. In December final yr, Hertz introduced that fifty,000 Uber drivers did hire a Tesla from the corporate.
What can we make of these numbers then? 50,000 drivers renting Tesla out doesn’t imply 50,000 Teslas – 5 drivers can share a automobile every week in the event that they don’t use it for lengthy durations. The truth that Hertz promised to make 50,000 Teslas out there does not essentially imply they’d all of the vehicles at hand – there was no deadline on that announcement. It may have been unfold over the following yr or two.
Supply: theHustle
It appears Hertz is attempting actually onerous to color pretty much as good an image of itself because it probably can. If we simply take a look at its fleet numbers, it has lower than 50,000 Teslas in inventory, fairly probably nearly all of them are rented out to Uber drivers. Meaning Tesla managed to ship half of the order in simply over a yr and it shouldn’t have an issue finishing it this yr.
The cope with Tesla is uncommon for an additional motive. When rental firms place orders with producers, they get an enormous low cost and infrequently a buyback assure – it didn’t occur with Tesla. In accordance with Elon Musk, the corporate wasn’t focused on providing any reductions and all vehicles have been offered at retail costs.
