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Hertz Gives Glowing Review To Tesla Fleet Performance

The EV manufacturer and tech giant has seen positive opinions about the results of a major deal they struck last year

Andrew Martin
4 min readAug 4, 2022

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Rental car giant Hertz made a major move last year, announcing a deal to buy 100,000 Tesla Model 3 vehicles to stock their stables with more electric options. Although the full transfer of all the purchased vehicles wasn’t expected to occur until the end of 2022, or possibly after, recent confirmation by Hertz during their Q2 Earnings Call indicated they are quite pleased with the impact the Teslas they have received to date have made on their company and customers.

Joey Klender of Teslarati reported on August 1st about the Hertz Q2 Earnings Call. The company currently offers electric vehicle options in 16 major cities across the United States, making the efforts of Tesla, and other brands they are working with such as Polestar, very important when it comes to hitting their goals and performing at high levels.

According to Hertz CEO Stephen Scherr, his company is very pleased with how things have gone thus far with the Teslas that have been delivered and gone into the hands of rental customers, including Uber drivers:

“With respect to EV specifically, over 15,000 Uber drivers to date have rented a Tesla from Hertz, at a minimum rate of $334 per week, comprising over half a million transaction day. Driver feedback has been positive and they remain drawn to the opportunity as gasoline prices remain elevated and demand for the service among Uber customers is strong. Our Tesla’s enabled Uber drivers could differentiate themselves and to improve upon the quality of their riders’ experience, and that translates into higher earnings for them.”

An undetermined number of Teslas that have been delivered to Hertz to date, but they indicated they have received around 20,000 EVs from their various manufacturing partners to date. With Tesla obligated to ultimately fulfill their order of 100,000, it appears they still have a significant portion of their quota to fill.

Hertz also spoke on the maintenance benefits they have experienced by adding more electric vehicles to their fleet. Scherr explained:

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Andrew Martin

Dabbler in history, investing & writing. Master’s degree in baseball history. Passionate about history, diversity, culture, sports, investing and crypto.