Tesla receives massive Model 3 order from car-rental giant Hertz

Tesla’s market value increased beyond $1 trillion on Monday after Hertz announced “an initial order” of 100,000 vehicles from the automaker. From early November, Hertz customers will be able to rent a Tesla Model 3 at Hertz airport and neighborhood locations across the U.S. and select cities in Europe. The rental giant is also installing thousands of chargers throughout its network, with customers renting a Model 3 also able to use 3,000 Tesla Supercharger stations. The order is a big win for Tesla as it seeks to cement its position as a leader in the EV industry. Hertz CEO Mark Fields: “Electric vehicles are now mainstream, and we’ve only just begun to see rising global demand and interest”.

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