Hertz says it is buying 100,000 Tesla Model 3s, a value of about $4.2B. Rentals are expected to start later next year. Lebeaucarnews has the details.
News of the deal brought Tesla's stock more than $975 in early morning trading, a new record-high, just one trading day after shares hit $900. The stock is currently up about almost 7%.
The deal, which will bring in a reported $4.2 billion for Tesla, is the largest ever purchase of electric vehicles,Bloomberg also reported the cars are slated for delivery within the next 14 months and will be available to customers in the U.S. and parts of Europe as early as November, according to the people.
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