A shakeup in the car industry is coming, as Tesla just received a 100,000 car order from Hertz. This deal, estimated at $4.2 Billion is coming from Hertz who just left bankruptcy about 18 months ago. It blew up Tesla stock, and pushed Elon Musks value even higher than what it was a few weeks ago. The sale represents 10% of Tesla’s current manufacturing output. Now, the ripples that are coming in an industry that is struggling to keep cars on the lot are likely to be huge. It’s still promising that a big name in rentals is taking this on, as this starts a legitimization for that portion of the industry.
Hertz has placed an order for 100,000 Teslas in a huge first step toward electrifying its rental-car fleet, according to Bloomberg News.