Hertz Adds the Tesla Model Y to it Rental Car Fleet
【Summary】Apparently, an order of 100,000 Model 3 electric sedans last year wasn’t enough for Hertz, as the rental car company is now looking to add Model Y SUVs to its fleet.
Hertz was headed toward bankruptcy and then the COVID-19 pandemic saw its fortunes change. The rising prices of used vehicles and rentals saw Hertz come back from the dead and then it shocked the industry when it announced a massive order for 100,000 Model 3 electric sedans to add to its fleet of vehicles. Tesla and Hertz haven't even filled the order for the Model 3 sedans yet, but the rental car company is already looking to add another Tesla model to its arsenal.
Model Y SUVs Arriving Soon
While Hertz didn't release an official press release, the company's website clearly states that consumers will soon be able to rent a Model Y through the rental company. "Reserve your Tesla Model Y car rental today to lower emissions, not standards, and experience a different all-new way to drive electric," claims the website. Finding an available model to rent could be difficult at the moment, as the announcement was just made, but we expect more Model Ys to become available as the year goes on.
The news pushed Tesla's stock above $1,000 for the first time. With the recent price increase, Tesla is now a trillion-dollar company. Hertz's stock price didn't have the same rise as Tesla's.
At the moment, we don't officially know if the new Model Y will be a part of Hertz's goal to add 100,000 electric cars to its fleet or whether the rental car company is adding them on top of its existing Model 3 order. Fox Business reports that the new Model Ys are included in the rental company's 100,000-vehicle order that was announced with the Model 3. The news is surprising, as Tesla CEO Elon Musk has stated that the automaker doesn't have an official contract with Hertz.
Only Available In Select Cities
The outlet claims that Hertz plans to begin renting out the Model Y to consumers in April in select cities that have the necessary charging infrastructure. Looking at where the Model 3 is currently available gives us a good idea of where Hertz plans to offer the Model Y. Currently consumers can rent a Model 3 in seven locations that include San Francisco, Atlanta Hartsfield, Los Angeles, Orlando, Fort Lauderdale, Miami, and Dulles.
Based on the information listed on Hertz's page for the Model Y, we expect the rental company to offer the base Long Range trim that has up to 330 miles of range.
Vineeth Joel Patel
Joel Patel has been covering all aspects of the automotive industry for four years as an editor and freelance writer for various websites. When it comes to cars, he enjoys covering the merger between technology and cars. In his spare time, Joel likes to watch baseball, work on his car, and try new foods
$12,500 Federal EV Tax Credit Proposal Reportedly Dropped
GM to Invest $81 Million to Hand-Build Cadillac Celestiq in Michigan
Sony, Honda Sign Agreement for Joint EV Brand
Ford CFO Claims Inflation Has Erased Mustang Mach-E Profits
Hyundai to Launch Autonomous Ride-Hailing Service in South Korea
NHTSA Upgrades Tesla's Autopilot Investigation to 'Engineering Analysis'
Biden Administration Announces New Standards to Make EV Chargers More Accessible
Ford Looks to Have 100% of EV Sales Be Online
- Supply of 2022 Audi, Porsche, Volkswagen EVs Sold Out
- Tesla is Now Offering the Model Y With New '4680' Battery Cells
- Rivian Announces Additional Delay, Showcases Off-Road 'Sand Mode'
- Mercedes-Benz Plans to Slash its CO2 Emission in Half by 2030, Will Speed its Transition to Electric-Only Vehicles
- The Ford F-150 Lightning Towed a 10,000 Pound Trailer Across Two of America's Toughest Towing Routes
- Toyota to Collaborate with Redwood Materials to Build a Closed Loop, EV Battery Recycling Ecosystem in the U.S.
- $12,500 Federal EV Tax Credit Proposal Reportedly Dropped
- Tesla CEO Elon Musk Makes New Claim To Introduce Robotaxi by 2024
- China’s Geely Launches the First of 9 Low Earth Orbit Satellites That Will Help Guide its Autonomous Cars
- Virginia-based Self-Driving Truck Developer Torc Robotics is Opening a Tech Center in Stuttgart as its Ramps Up its Collaboration with Daimler Trucks