Hertz to Make 50,000 Tesla Cars Available for Uber Drivers in US

BUSINESS

On Wednesday, 27th October 2021, Hertz Global Holdings Inc., said, it is going to be linking with the Uber Technologies Inc., for the purpose of making 50,000 Tesla cars available in the ride sharing network of Uber by the year 2023, which has been the latest in the Uber company’s efforts for building the momentum in the post-bankruptcy.

The company ‘Hertz’ has agreed to this partnership along with Uber Technologies followed by the 4.2 billion dollars order of 100,000 Tesla cars, and this has been representing the single biggest order of Tesla in the history and it is also made a rise in the shares of Tesla.

The deal between Uber and Hertz means that, the Uber drivers in the United States can now rent the Tesla cars through the company Hertz, which is going to be starting from 1st November 2021, and the rentals are primarily going to be comprised of the Model 3 sedan of Tesla and is going to be available exclusively to the Uber drivers in the country.

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Additionally, the rate for the rental is going to be starting out at 334 dollars per week, and is also going to be covering the maintenance and insurance of the vehicles, and Uber Technologies has also been explaining that, this rental cost is going to be decreased to 299 dollars per week as this new program gets underway, although this initiative is only going to be available in few selected states for the initial rollout of the United States.